Oil Crisis News

Latest Articles

• Air Canada Suspends Critical New York JFK Routes as Iran Conflict Doubles Global Jet Fuel Costs

  Published: Apr 17, 2026

  Section: US & Canada

  Air Canada has announced the temporary suspension of all flights to New York’s John F. Kennedy International Airport from June through October 2026. The airline cited a 100% increa...

• Takaichi Approval Holds at 63 Percent Despite Deepening Public Anxiety Over Domestic Oil Shortages

  Published: Apr 7, 2026

  Section: Asia

  A recent Kyodo News survey reveals that while Prime Minister Sanae Takaichi maintains a strong 63.8 percent approval rating, nearly half of the Japanese public is dissatisfied with...

• IEA Chief Warns Global Energy Crisis Surpasses Scale of 1970s and 2002 Disruptions Combined

  Published: Apr 7, 2026

  Section: Oil

  International Energy Agency head Fatih Birol describes the current energy disruption caused by the Strait of Hormuz blockade as the most severe in history, exceeding the 1973, 1979...

• Gold Prices In Egypt Surge As Investors Seek Safe Haven Assets Amid Escalating US-Iran Conflict And Global Oil Crisis

  Published: Apr 3, 2026

  Section: Africa

  Egyptian gold markets recorded an average increase of LE 15 across various karats on Friday, with 21-karat gold reaching LE 7,150. The price hike is being driven by regional instab...

• Moral Diplomacy in the Crosshairs as U.S. and Israel Tighten Grip on Iranian Infrastructure

  Published: Mar 28, 2026

  Section: Middle East

  As the conflict between the U.S.-Israeli coalition and Iran enters a volatile fourth week, President Donald Trump has signaled a "no ceasefire" stance while military forces move to...

• Yemen’s Houthi Rebels Declare Full Military Readiness to Join Iran War and Disrupt Global Red Sea Shipping

  Published: Mar 26, 2026

  Section: Iran War

  The Houthi movement in Yemen has announced it is prepared to open a new front in the Middle East conflict by targeting the Bab el-Mandeb Strait. This strategic move, intended to su...

• Revolutionary Guard Corps Vows Total Blockade of Hormuz as Trump’s 48-Hour Ultimatum Approaches Deadline

  Published: Mar 22, 2026

  Section: Iran War

  The Islamic Revolutionary Guard Corps (IRGC) has threatened to completely close the Strait of Hormuz if the United States carries out President Donald Trump’s threat to strike Iran...

• Iran Targets UAE Oil Infrastructure as Regional Conflict Escalates Following US Strikes on Kharg Island

  Published: Mar 14, 2026

  Section: Iran War

  Regional tensions have reached a critical peak as Iran launched retaliatory strikes against major oil and military facilities in the United Arab Emirates and continues its ballisti...