India just bought oil from Iran for the first time in years, and it didn't even have to jump through payment hoops. Normally, that wouldn't be news—countries trade oil all the time. But this deal stands out because it happened during a messy time in the Middle East, when key shipping routes got tang
Microsoft is closing a huge agreement to lock in a steady electricity supply for its growing data‑center needs. The deal involves a new gas‑powered plant in West Texas that will deliver 2, 500 megawatts of power—one of the largest projects in the state. The project is valued at about $7 billion and
Indonesia’s president flew to Tokyo amid a regional rush to find new fuel sources. The Middle East conflict has cut many supplies, and now countries are trading energy to keep their economies running. Jakarta is planning a deal that would bring more liquefied natural gas into Japan while sending liq
The Gulf countries have told the United States that stopping fighting is not enough. They want a deal that keeps Iran from using missiles, drones and other weapons against their energy sites and shipping lanes. The Gulf leaders also want guarantees that the Strait of Hormuz, which carries a fifth of
Oil traders are in a tough spot. They're dealing with big problems in Venezuela, Iran, and the Black Sea. These issues have pushed oil prices up in the last three months. But there's still a lot of oil out there. This makes things confusing for investors. First, there was a big shake-up in Venezuel
Ukraine is getting a big financial helping hand to keep its energy and water systems running smoothly. The European Investment Bank (EIB) and Naftogaz, Ukraine's main energy company, have just signed a deal to provide hundreds of millions of euros. This money is crucial because Russia's attacks on U
The Dominican Republic faced a massive power outage that left nearly 11 million people in the dark. The blackout struck during the busy afternoon hours, causing chaos on the roads and bringing business to a halt. The problem started with a failure in the power grid's transmission system, but the exa
The Middle East is a hotspot for oil production, supplying about a third of the world's oil. Recently, Iran launched missiles at a U. S. military base in Qatar, raising concerns about a wider conflict. Surprisingly, oil prices dropped instead of rising. This might seem odd, but it shows that the glo
