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Treasury's Bessent says US has 'plenty' of funds for Iran war
Bessent rules out tax hikes to fund warExtra funding needed to ensure military is well supplied for futureBessent defends moves to remove Iran, Russia oil sanctions WASHINGTON, March 22 (Reuters) - The U.S. government has "plenty of money" to fund the war against Iran, but is requesting s...Reuters
42 minutes ago
WRAPUP 3-Trump, Iran threaten to escalate conflict with attacks on energy and water facilities
Trump vows to 'obliterate' Iran energy facilities if it doesn't open Strait of HormuzThreats add to worries in global marketsTehran says strait open to all but 'enemies'Air raid sirens over Israel after scores injured overnightBy Maayan Lubell, Alexander Cornwell and Idrees Ali ...Reuters
an hour ago
Oil prices to rise further on Monday as Mideast war escalates
Trump gives Iran 48-hour ultimatum to reopen Hormuz Trump threatens to obliterate Iranian power plantsIran says to respond with attacks on Gulf energy, desalination facilitiesOil closed near 4-year high on Friday LONDON/SINGAPORE, March 22 (Reuters) - Oil prices look set to rise further on Monday...Reuters
an hour ago
Iran to completely close Hormuz if Trump executes threats on Iranian energy, Revolutionary Guards say
DUBAI, March 22 (Reuters) - Iran will completely shut the strategic Strait of Hormuz if U.S. President Trump executes threats to target Iranian energy facilities, the country's Revolutionary Guards said in a statement on Sunday. Trump on Saturday threatened to "obliterate" Iran's pow...Reuters
2 hours ago
Cuba begins recovery efforts after second grid collapse in a week
Cuba's grid collapse affects 10 million peopleU.S. oil blockade impacts Cuba's energy infrastructureCuba blames U.S. embargo for economic failuresBy Dave Sherwood HAVANA, March 22 (Reuters) - Cuba said it had begun efforts early on Sunday to restore power after its grid collapsed for the ...Reuters
3 hours ago
Cuba begins recovery efforts after second grid collapse in a week
Cuba's grid collapse affects 10 million peopleU.S. oil blockade impacts Cuba's energy infrastructureCuba blames U.S. embargo for economic failuresBy Dave Sherwood HAVANA, March 22 (Reuters) - Cuba said it had begun efforts early on Sunday to restore power after its grid collapsed for the ...Reuters
3 hours ago
RPT-CERAWEEK-CERAWeek energy conference returns to Houston as Iran conflict rocks global energy markets
CERAWeek to address geopolitical tensions and energy securityOil prices near $120 as Middle East war rocks marketsIran's closure of Strait of Hormuz disrupts global oil supplyBy Arathy Somasekhar HOUSTON, March 20 (Reuters) - The world’s top energy executives return to Houston next week as th...Reuters
4 hours ago
Seven killed in Qatar helicopter crash due to technical malfunction, Qatari and Turkish authorities say
CAIRO, March 22 (Reuters) - Seven people have been killed in a helicopter crash in Qatar's territorial waters, Qatar and Turkey said on Sunday.The Qatari and Turkish defence ministries said the helicopter had crashed after suffering a technical malfunction, which the Qatari ministry said was dur...Reuters
4 hours ago
Iran warns of 'irreversible damage' to regional infrastructure if power plants attacked, post on X
DUBAI, March 22 (Reuters) - Critical infrastructure and energy facilities in the Middle East could be "irreversibly destroyed" should Iranian power plants be targeted, Iran's Parliament Speaker Mohammad Baqer Qalibaf said in comments posted on X on Sunday. His comments come after U.S. Pr...Reuters
5 hours ago
Philippines allows temporary use of dirtier fuel amid Middle East crisis
MANILA, March 22 - The Philippines has allowed the temporary and limited use of a cheaper but dirtier type of fuel to ensure supply as it finds ways to cope with the impact of the Middle East crisis. The Department of Energy (DOE) said only vehicles from model year 2015 and earlier, traditional jeep...Reuters
6 hours ago
CORRECTED-WRAPUP 4-Trump, Iran threaten power, energy targets as war escalates
Trump vows to 'obliterate' Iran energy facilities if it doesn't open Strait of HormuzThreat risks 'Black Monday' on global markets, warns analystIran fires long-range missiles, targets US-UK baseTehran says strait open to all but 'enemies'Iran's missile range includes...Reuters
6 hours ago
China's Sinopec posts 36.8% drop in 2025 net profit on weak petrochemical margins, new energy substitution
By Sam Li and Lewis JacksonBEIJING, March 22 (Reuters) - China Petroleum & Chemical Corp 0386.HK, known as Sinopec, reported a 36.8% decline in 2025 net profit on Sunday, citing rising substitution by new energy sources, and weak petrochemical margins, according to the company's filing.The w...Reuters
6 hours ago
REFILE-Japan could consider Hormuz minesweeping if ceasefire reached, minister says
TOKYO, March 22 (Reuters) - Japan could consider deploying its military for minesweeping in the Strait of Hormuz, a vital artery for global oil supplies, if a ceasefire is reached in the U.S.-Israeli war on Iran, Foreign Minister Toshimitsu Motegi said on Sunday. "If there were to be a complete ...Reuters
7 hours ago
Russia says it downed Ukrainian drones near Bashkortostan refineries
MOSCOW, March 22 (Reuters) - Russian air defences thwarted a Ukrainian drone attack on the city of Ufa in Bashkortostan region, regional governor Radiy Khabirov said.Ukrainian drones were shot down near the city's oil refineries, Khabirov said, without naming the facilities.Debris triggered a br...Reuters
7 hours ago
Six killed in Qatar helicopter crash due to technical malfunction, ministry says
CAIRO, March 22 (Reuters) - Six people were killed in a helicopter crash in Qatar's territorial waters while operations continue to find the last missing person, the interior ministry said on Sunday.The defence ministry earlier said the helicopter had crashed after suffering a technical malfunct...Reuters
8 hours ago
Australia fuel supply strong, no plans to ration, energy minister says
SYDNEY, March 22 (Reuters) - Australia's fuel supply remains strong and there are no immediate plans to ration fuel to manage the impact of the Iran war on the nation's supply chain, Energy Minister Chris Bowen said on Sunday.Australia, which imports about 90% of its fuel, has experienced lo...Reuters
15 hours ago
Cuban power grid collapses for second time in a week amid US oil blockade
By Daniel Trotta HAVANA, March 21 (Reuters) - Cuba's national electric grid collapsed on Saturday for the second time in a week amid the U.S.-imposed oil blockade, officials announced, as the communist government struggles to keep the lights on for its 10 million people with decrepit infrastr...Reuters
16 hours ago
WRAPUP 7-Iran attacks near Israeli nuclear site, fires long-range missiles for first time
Iran fires long-range missiles for first time in warIran strikes southern Israel, near nuclear reactorIran may let Japanese vessels through strait, Kyodo reportsOil prices up 50% due to war, hobbling global economyFor more charts and maps click here https://www.reuters.com/graphics/IRAN-CRISIS/MAPS/...Reuters
16 hours ago
Cuba's electric grid collapses, national electric union says
March 21 (Reuters) - Cuba's national electric grid collapsed on Saturday, the country's grid operator said, leaving around 10 million people without power amid a U.S.-imposed oil blockade that has crippled the island's already obsolete generation system.The power failure was the second ...Reuters
16 hours ago
Ukraine says Russian attacks kill four people, leave thousands without power
KYIV, March 21 (Reuters) - Russian attacks killed four people in southeastern Ukraine and left much of the northern region of Chernihiv without power on Saturday, officials said.Zaporizhzhia Governor Ivan Fedorov said the morning attack on the city killed a man and a woman, and injured six others, i...Reuters
18 hours ago
