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European Commission President Ursula von der Leyen said on Saturday that Europe was on "high wildfire alert," with mounting pressure on Eastern European nations. Fires across the continent have forced thousands of people to evacuate their homes this week.
Ukraine struck industrial infrastructure in Russia's Samara region on Saturday, local authorities said. President Volodymyr Zelensky confirmed the attack, saying a rocket plant and an air base were hit deep inside Russian territory.
Argentina's majority state-owned energy company YPF has filed to enroll its Argentina LNG project in the country's RIGI investment incentive regime. The $51 billion project is the largest ever submitted under the scheme, underscoring the scale of the country's Vaca Muerta gas ambitions.
Iran's deputy foreign minister said the Strait of Hormuz "will remain Iranian" after President Trump claimed the U.S. would soon control the waterway. The rebuff came alongside reports of another vessel being struck in the strait, deepening tensions in the strategically vital oil corridor.
US President Donald Trump said he will 'soon' declare the Strait of Hormuz US territory, an announcement made amid continued tension in the waterway and concerns over the troubled carrier USS Abraham Lincoln. Iran responded that the strait 'will remain Iranian'.
MACH Energy's Mount Pleasant coal mine has been granted a six-year approval extension just four months before it was due to close. The decision directly affects hundreds of workers who would have lost their jobs had the mine shut down.
Firefighters battling the biggest forest fire in the history of North Rhine-Westphalia say residents are unlikely to be able to return home on Friday amid high temperatures, humidity and wind. The blaze has scorched a wide stretch of the Eifel forest.
New aerial footage of a grounded tanker leaking sanctioned Russian oil off the coast of Oman has revealed the scale of a potential environmental disaster. The spill comes as tensions continue around the nearby Strait of Hormuz.
Chinese electric vehicle makers are rapidly gaining market share in New Zealand through aggressive pricing and fast-expanding model lineups. Industry analysts say the intensifying competition could push some brands out of the market in the coming period.
Iran's President Masoud Pezeshkian is set to visit India for the BRICS summit even as tensions around the Strait of Hormuz continue. The trip is seen as part of Tehran's effort to reinforce regional partnerships amid its ongoing standoff with Washington.
Russia has acknowledged fresh petrol shortages across the country following months of Ukrainian drone and missile strikes on its energy infrastructure. Ukraine has been targeting Russia's refineries and fuel depots, hoping to squeeze a vital source of revenue for the Russian army.
Shipping traffic through the Strait of Hormuz, one of the world's most critical oil chokepoints, slowed further after Washington threatened additional economic pressure on Iran. The pullback is the latest sign of how regional tensions are weighing on global energy flows.
Romania has shut down its only nuclear plant in a rare move prompted by a lack of cooling water from the Danube River. Hungary, meanwhile, is racing to dam the Danube in an effort to keep its Paks plant online.
US Treasury Secretary Scott Bessent said Washington would impose economic isolation on Iran unlike anything the world has seen before. The statement came as the US Navy works to relieve the troubled carrier USS Abraham Lincoln while maintaining its blockade of the Strait of Hormuz.
Japanese Prime Minister Sanae Takaichi is pursuing a $2.3 trillion industrial policy push aimed at reviving the country's economic growth, according to Nikkei Asia. The plan marks one of the most ambitious state-led investment drives in Japan's recent history.
Russian sources say Robert Shageyev, a former Ukrainian naval officer who defected to Russia in 2014, has been killed in a bomb attack. The same day, Ukrainian forces struck an oil refinery inside Russia.
Iran's central bank chief said the country is set to join the BRICS New Development Bank, part of Tehran's push to deepen economic ties with non-Western powers as its war with the United States continues.
The US military campaign against Iran has so far failed to force Tehran to capitulate. Facing a shortfall of munitions and reluctance to prolong an unpopular war, the Trump administration is returning to a familiar playbook of escalating sanctions and a naval blockade on oil exports.
An Iran-linked Persian Gulf authority said the Strait of Hormuz remains blocked and will not reopen until Tehran's conditions are met, directly contradicting President Trump's claims that the US controls the strait. Shipping traffic through the corridor has fallen to its lowest level in three months.
The United States announced $2 million in funding to boost Guyana's air surveillance and drone capabilities, deepening security ties as its long-running dispute with Venezuela over the oil-rich Essequibo region simmers. The move signals growing US engagement in the tense border standoff.
Australia's federal government and the state of New South Wales will split the cost of an aluminium smelter bailout down the middle, under a deal in which mining giant Rio Tinto will contribute at least $1.1 billion. The package aims to cut the smelter's power usage and steer it toward renewable energy.
The world's two most closely watched oil forecasters published sharply conflicting outlooks for 2026 this week, with the IEA deepening its call for the first annual demand decline since the pandemic while OPEC still projects growth. The split comes as the Strait of Hormuz closure continues to disrupt global shipping.
A drone struck a power station in the western Libyan city of Zawiya, located near the country's largest oil refinery. The attack has renewed concerns about the security of Libya's energy infrastructure.
State-controlled energy company YPF has sold its 70% stake in Metrogas, Argentina's largest natural gas distributor, to electricity firm Edenor. YPF said the move lets it concentrate on oil and gas production, particularly in the Vaca Muerta shale region.
A Houthi attack in the Red Sea killed six people on Tuesday, the first fatalities there in more than a year, as the US separately struck a container ship it said was trying to break an Iran blockade near the Gulf of Oman. The twin incidents mark a sharp escalation for global shipping lanes already strained by the US-Iran standoff.
US Central Command says a helicopter fired at the engine room of the Panama-flagged vessel Vela Nova as it sought to break a blockade on Iranian ports. The incident comes as US-Iran diplomacy remains stalled.
Nigerian President Bola Tinubu has approved a new investment framework aimed at unlocking up to $50 billion in deep offshore oil and gas investments. The framework seeks to revive major projects that have remained stalled for years.
Russia and Ukraine traded fresh strikes overnight, with Moscow targeting Kyiv, Zaporizhzhia and Dnipropetrovsk. Ukraine retaliated with a drone attack on Russia's Voronezh region, and its military said it also struck a Russian oil refinery in Orsk.
Yemeni authorities said four people were killed when Houthi forces attacked a small cargo ship, in what officials described as the group's first deadly strike since the start of the Iran war. The attack was reportedly carried out by an Iranian proxy as regional tensions over the US-Iran conflict remain high.
Libyan authorities are battling a major blaze at the Zawiya oil refinery after it was struck for the third time in two days. The repeated attacks on the country's energy infrastructure have raised concern among officials and market observers.
Greenland's government issued a strong warning after a Texas oil company linked to US President Donald Trump moved drilling equipment ashore without required approval. The episode has reignited tensions between Washington and Nuuk over the Arctic territory.
US President Donald Trump claimed total control of the Strait of Hormuz on Monday and demanded Iran pay reparations, as the diplomatic standoff over the vital oil-shipping route deepened. The dueling positions from Washington and Tehran showed how far apart the two sides remain even as both sides talked of winding down regional hostilities.
Western Europe has recorded its hottest June-July period on record, surpassing the previous mark set in 2022, according to the EU's Copernicus climate service. The heat wave, which began in May, has fueled wildfires, deepened drought and is linked to thousands of projected heat-related deaths.
U.S. crude oil prices climbed above $80 a barrel as traders weighed mixed signals from Washington and Tehran over a potential deal to keep the Strait of Hormuz open. Concerns that talks between the United States and Iran could stall pushed prices higher, with analysts noting the strait remains a critical corridor for global oil shipments. Markets are watching for further signals from both governments in the coming days.
The Trump administration has signaled a shift toward economic pressure on Iran, favoring sanctions and a naval presence over further military strikes, Al Jazeera reported. Officials cite stabilizing oil prices as easing the strain on American consumers even as tensions with Tehran continue. The shift follows a recent period of heightened military activity in the region.