Energy prices

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  • Page 4 Today 12:40

    Energy price increases will worsen because of war against Iran: Italian energy minister

    TEHRAN- Italian Economy Minister Giancarlo Giorgetti said Wednesday the situation with energy spikes due to the Iran was worsening everywhere and he was confident that soon other countries would endorse a letter from Italy and five other EU members urging the Irish duty presidency to adopt a common approach to the conflict in West Asia and the supply chain problems, also via a tax on excessive energy windfall profits, Italian News Agency ANSA reported.

  • Hormuz Strait 2026-03-11 20:32

    Energy prices continue to surge as Hormuz Strait remains closed

    TEHRAN - Nearly two weeks after the joint U.S. and Israeli military campaign against Iran, global energy markets are entering a period of severe strain. Iran, facing direct attacks on its territory, has expanded security measures in the Strait of Hormuz — a step Tehran describes as a lawful response to foreign aggression and a necessary defense of its territorial waters.