Cuba is facing its toughest energy crisis in years. The country has no diesel or fuel oil left, its top energy official confirmed. The shortages have made power cuts in Havana worse than ever. Many areas now go without electricity for nearly a whole day at a time. The government says it’s running t
Near a key shipping route, satellite images show dark patches spreading across the water. These aren’t small leaks—they stretch for miles near Qeshm Island and off the coast of Kuwait. The spills come after strikes on oil facilities, raising serious concerns about the environment and people living n
For weeks, ships carrying oil from the biggest producers in the Middle East have been stuck near Iran. The Strait of Hormuz, a narrow waterway that normally moves one in every five barrels of world oil, has been blocked since fighting flared up. Because so much supply is stuck, countries are racing
Gas prices in California shot up by over a dollar since the Iran conflict began, squeezing family budgets. Instead of focusing on solutions that could ease the pain at the pump, the oil industry is pushing for more drilling permits, tax breaks, and cuts to environmental programs. Their argument is s
Europe is searching for stronger solutions after leaders decided recent energy ideas didn’t do enough. During a late meeting in Cyprus, officials agreed the latest plans from the group’s top policy team needed improvement. Talking on condition of privacy, a source said the proposals—like lowering so
Stock markets hit new highs despite multiple crises. Energy shortages, two ongoing wars, and rising deficits suggest trouble ahead, yet investors keep buying. Historically, markets climb when they shouldn't—a trend called "climbing the wall of worry. " This time feels different. The current optimism
Puerto Rico''s 3. 2 million residents face another summer without reliable power, and a $350 million solar program meant to help 12, 000 low-income families now sits frozen. Nearly 200 groups asked for the money back, but instead it may go to patching the same old grid destroyed by Hurricane Maria i
The latest conflict around Iran has thrown global energy markets into chaos, but one country seems to have planned ahead. While many nations scramble for oil and gas after supply lines through the Middle East hit a roadblock, China remains steady. It’s not luck—it’s years of smart moves. Beijing bui
Tensions around the Strait of Hormuz often grab headlines, but one place keeps popping up in the middle of the drama: Kharg Island. This small but critical piece of land in the Persian Gulf isn’t just another dot on the map—it’s where a huge chunk of the world’s oil moves through a single terminal.
Five European finance chiefs have fired off a letter demanding EU-wide curbs on energy profits. The move comes as Middle East tensions make oil tankers rare, pushing petrol and heating bills higher. Spain’s economy minister joined colleagues from Germany, Italy, Portugal and Austria to argue that wh
