EXPLAINER
Has Russia’s fuel crisis given Iranian oil an opening in Central Asia?
Iran’s oil exports have struggled amid a US blockade. A Russian energy crisis because of Ukrainian attacks could help.
![An oil products tanker is anchored in the Strait of Hormuz on August 10, 2026 off the coast of Bandar Abbas, Iran. [Ali Saeedi/Getty Images]](/wp-content/uploads/2026/09/getty_6ab52cdea8-1790258398.jpg?resize=770%2C513&quality=80)
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Trump vs Europe as US presses for release of emergency diesel stocks
Europe’s leaders are mulling proposals to respond to Trump’s diesel demands.
Russia tries to freeze Ukraine as it suffers record casualties and retreats
Moscow has suffered further losses of occupied territory, but is using new drones to beat Ukraine’s defences.
Trump says US may ask Europe to release diesel reserves
Skyrocketing diesel prices have pushed Washington to weigh an export ban, raising alarm across European economies.
US Senate rejects bill targeting AI data centre electricity costs
Democrats criticise bill as lacking ‘teeth’ and push for mandatory measures to address soaring electricity bills.
Gunmen kill 7 on bus in Syria as pipeline blast knocks out 3 power plants
Gunmen attack bus in Homs province hours after a pipeline explosion knocked out three power plants near Damascus.
Trump announces $200bn in energy investments from South Korea
The investments come as Trump seeks to tout the Republican Party’s economic record ahead of the US midterm races.
From: NewsFeed
UK‘s PM Burnham sets out plans to reshape public services
UK’s PM Andy Burnham is promising a major improvement to public services including social care, housing and energy.
Published On 30 Sep 2026
Gold falls amid rising oil prices and higher US dollar
Gold hits seven-week low; silver follows suit and records a nearly 5 percent loss.
Oil prices surge after Trump rejects Iran’s plan to reopen Strait of Hormuz
Brent crude rises more than 3 percent to top $107 a barrel as Washington dismisses Tehran’s proposal to end war.
For Libya, the Hormuz crisis can be a trap or an opportunity
Libyan hydrocarbons are increasingly sought after. To take full advantage, the country needs a new economic strategy.
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