Energy
Iran war: Trump will release 172 million barrels of oil from Strategic Petroleum Reserve
The U.S. will release 172 million barrels of oil from the Strategic Petroleum Reserve to help lower energy costs during the Iran war, Energy Secretary Chris Wright said Wednesday evening. The U.S. will start releasing barrels next week but it will take about 120 days to deliver them all, Wright said. President Donald Trump said […]
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Jet fuel prices are trading around Russia-Ukraine highs in Europe and Asia, says Citi’s Max Layton
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Max Layton, Citi global head of commodities research, joins ‘The Exchange’ to discuss the IEA’s decision to release barrels of oil, which parts of the energy complex will remain under pressure and much more. Source
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IEA agrees to release record 400 million barrels of oil to address Iran war supply disruption
The International Energy Agency on Wednesday agreed to release 400 million barrels of oil to address the supply disruption triggered by the Iran war, the largest such action in the organization’s history. The IEA did not set out a timeline for when the stocks would hit the market. It said that the reserves would be […]
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How the Iran war could impact hyperscalers’ massive AI buildout in the Middle East
Tech companies have been funnelling billions of dollars into AI infrastructure projects in the Middle East over the past few years, drawn in by cheap and readily available energy and land, alongside local government support. But the Iran war spilling over into neighbouring countries in the Middle East throws questions over the future of the […]
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Cargo ship struck by a projectile in the Strait of Hormuz, UK says
Naval units from Iran and Russia carry out to simulation of rescue a hijacked vessel during the joint naval drills held at the Port of Bandar Abbas near the Strait of Hormuz in Hormozgan, Iran on February 19, 2026. Anadolu | Anadolu | Getty Images A cargo ship in the Strait of Hormuz has been […]
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Powering AI: Europe switches on its first microgrid-connected data center
A CGI image of what the complete microgrid-connected AVK and Pure DC facility will look like in Dublin, Ireland. (Photo: Pure Data Centres Group) (Photo: Pure Data Centres Group) Just outside Ireland’s capital, Dublin, a data center has become the first in Europe to turn to an independent, so-called “islanded,” microgrid to keep its servers […]
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Trump says U.S. will build first refinery in 50 years with investment by India’s Reliance Industries
U.S. President Donald Trump takes a question as he speaks during a press conference at Trump National Doral Miami in Miami, Florida, U.S., March 9, 2026. Kevin Lamarque | Reuters President Donald Trump announced Tuesday that the U.S. will get its first oil refinery in 50 years, funded by investments from Indian billionaire Mukesh Ambani’s […]
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Gas prices threaten Republican lawmaker’s plans to win on affordability
High gas prices are listed at Chevron gas station in Los Angeles on March 9, 2026, as gasoline prices surge amid the ongoing war with Iran. Frederic J. Brown | Afp | Getty Images Rising gas prices and no clear end of the Iran war are clashing with GOP plans to win the November elections […]
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Google deepens Pentagon AI push after Anthropic sues Trump administration
People walk near a sign outside of Google headquarters in Mountain View, California. Justin Sullivan | Getty Images News | Getty Images A day after Anthropic sued the Trump administration for designating the artificial intelligence company a supply chain risk, Google is deepening its relationship with the Defense Department and expanding the role of its […]
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IEA countries to meet later Tuesday on release of oil reserves, but no decision made yet
The International Energy Agency will convene an extraordinary meeting of its member countries Tuesday to discuss a possible release of oil stockpiles to address the supply disruption triggered by the Iran war. The more than 30 members will “assess the current security of supply and market conditions to inform a subsequent decision on whether to […]
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