Iran War

Consultancy's latest forecast argues UK economy has proven surprisingly resilient in face of energy shock, but risk of recession is growing as disruption to oil and gas markets continues

New Prime Minister said to be increasingly likely to back further oil and gas production in the North Sea, including approval for controversial Jackdaw and Rosebank projects

Oil prices now 12 per cent higher than they were on Friday, as fears grow that ceasefire between the US and Iran has collapsed

International Energy Agency forecasts global oil demand set to fall by one million barrels a day this year, but warns petrol and diesel market could still face a supply crunch in the coming months

Oil prices record sharpest increase in months, after Iran and US trade attacks and President Trump signals fragile truce could collapse

Impacts of Iran War continue to weigh heavily on global fossil gas and LNG market, amid continued uncertainty surrounding supplies passing through the Strait of Hormuz

Cost advantages enjoyed by solar, wind, and hydropower compared to coal and gas generation continued to widen in 2025, even before Iran war triggered spike in fossil fuel prices

More than 100 global businesses have issued a joint statement calling on governments to prioritise electrification in response to global energy and price shocks

President Trump claims 'oil will flow' through the Strait of Hormuz, but analysts warn peace deal is yet to finalise many key details

Italy, Ireland, and the UK most exposed to energy bill increases given gas continues to dominate their wholesale power markets, IEEFA claims