IEA says governments can strengthen gas security after supply shocks
The International Energy Agency has released a report in Paris saying governments have options to strengthen resilience and preparedness for future natural gas supply disruptions. The report, Gas Reserve Mechanisms and Flexibility Options, says geopolitical risks and structural changes are making global gas markets more complex and more vulnerable to volatility. The IEA said countries can improve gas supply security through a mix of physical reserves, more flexible commercial arrangements and policy tools. It identified measures governments can use over the next five years, as well as longer-term steps to diversify supplies and reinforce infrastructure. The report follows two major... [Continue Reading]
Breaking-360LiveNews | 10 Sep 2026 02:30 LONDON
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Iran says it launched missiles at US-used base in Jordan and attacked ships near Hormuz
Iran's Revolutionary Guard says it fired ballistic missiles at a base in Jordan used by the US military and attacked ships in the Strait of Hormuz, in a sharp escalation of the six-month-old war. Jordan said its air defence systems intercepted 18 missiles, with two falling in unpopulated areas. The reported attacks came after the US military said it destroyed five Iranian oil tankers in response to earlier strikes on its warships.According to the supplied material, Iran said it targeted 10 ships in the Strait of Hormuz, including two US vessels, while the US said the tankers it struck were... [Continue Reading]
360LiveNews | 09 Sep 2026 08:29 LONDON
China and Qatar deepen coordination amid regional tensions
China has said it will increase communication and coordination with Qatar after a two-day visit to Beijing by Qatari Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani. The talks were presented by both sides as part of a broader effort to expand cooperation while also addressing regional tensions linked to the war on Iran. Officials said the discussions covered de-escalation, energy supply and wider bilateral ties.Beijing described Qatar as an important strategic partner in the Middle East and the Gulf, and the two sides agreed to deepen cooperation in energy, investment and advanced technologies. Qatar's foreign ministry... [Continue Reading]
360LiveNews | 08 Sep 2026 20:30 LONDON
Qatar says reopening Strait of Hormuz unconditionally is a priority amid mediation efforts
Qatar says reopening the Strait of Hormuz without conditions is a top priority as it continues diplomatic efforts aimed at ending the more than six-month US-Iran war. The comments came as Doha said it is working with partners on new ideas to help resolve the conflict and restore regional stability. The strait is one of the world's most important energy transit routes, making any disruption a matter of wider concern.A spokesperson for Qatar's Foreign Ministry said on Tuesday that "new ideas are being discussed" between Qatar and other mediators. Ibrahim Al Hashmi, director of the ministry's media department, said it... [Continue Reading]
360LiveNews | 08 Sep 2026 14:33 LONDON
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Iran warns South Korea over possible role in Strait of Hormuz blockade
Iran has warned South Korea of what it called serious consequences if Seoul interferes in military operations linked to the Strait of Hormuz. The warning comes amid reports that South Korea may contribute to a US naval blockade of the waterway, a critical passage for global energy shipments. Tehran said any military presence or participation by another country in the Gulf and the Strait of Hormuz would be treated as direct support for what it described as an aggressor.The comments were made by Ministry of Foreign Affairs spokesman Esmaeil Baghaei in a statement posted on X on Monday. He said... [Continue Reading]
360LiveNews | 08 Sep 2026 11:30 LONDON
Fitch removes Qatar from negative watch as LNG risks ease
Fitch Ratings has removed Qatar from Rating Watch Negative while affirming the country's sovereign rating at AA. The decision was announced on Friday and comes amid the war on Iran and the blockade of the Strait of Hormuz. The agency said risks to Qatar's liquefied natural gas facilities have eased since March, but it kept a negative outlook on the rating.The agency said the impact of the war on Qatar's credit profile will take longer to assess. It pointed to continuing risks around the movement of gas exports through the blockaded Strait of Hormuz, which remains a key route for... [Continue Reading]
360LiveNews | 05 Sep 2026 11:33 LONDON
South Korea weighs Hormuz contributions amid US pressure and maritime disruption
South Korea is considering possible contributions to freedom of navigation in the Strait of Hormuz, after the presidential office said it was reviewing a range of assistance options. The statement came as the strategic waterway remains under strain from disruption to maritime traffic and continued pressure from the United States on allies to take part in efforts linked to Iran. Officials stressed that no decision has been made.The presidential office said on Friday that various forms of assistance were being examined, including military contributions described only in general terms. An unnamed official said Seoul would take into account domestic legal... [Continue Reading]
360LiveNews | 04 Sep 2026 13:59 LONDON
US Vice President declines timeline for end of Iran war amid Strait of Hormuz tensions
United States Vice President JD Vance has declined to give a timeline for the end of the US-Israeli war on Iran, saying he could not say when the conflict would be over. He made the remarks at a White House briefing on Thursday, where he also questioned whether the confrontation should even be described as a war. His comments came after days of intense fire between the two sides and amid continuing concern over disruption to global energy markets.Vance said there was "no active shooting" at present, while acknowledging that there had been places where the conflict had flared up.... [Continue Reading]
360LiveNews | 03 Sep 2026 22:30 LONDON
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Europe gas prices surge to three-year highs as winter storage pressure builds
Households in the United Kingdom are being warned that higher energy bills could follow a sharp rise in wholesale gas prices across Europe. The increase comes as countries try to refill storage ahead of winter, with stocks still below normal for this time of year. The European benchmark gas price has climbed to its highest level since late 2022, while UK gas prices have also reached their highest point since late 2022.The benchmark in Europe topped €75 per megawatt hour on Wednesday, according to market data cited in the report. In the UK, gas prices this week rose above 185p... [Continue Reading]
360LiveNews | 03 Sep 2026 15:02 LONDON
Asia races to expand oil and gas storage after Strait of Hormuz disruption
Asian economies are moving to expand oil and gas storage closer to home after severe disruption to energy flows through the Strait of Hormuz. The shift comes after months of reduced shipping through the waterway, which normally carries much of the Gulf fuel supply on which the region depends. Governments across the region are now looking for ways to reduce exposure to future conflict in the Middle East.The disruption followed the war between the United States and Israel and Iran six months ago, which triggered sharp price rises and emergency conservation measures across Asia. Those measures included price caps, alternate... [Continue Reading]
360LiveNews | 03 Sep 2026 06:02 LONDON
