Russia's Novak rules out a price war following the UAE's exit from OPEC and OPEC+. The official dismissed concerns of a market collapse despite acknowledging a deep crisis within the global oil industry.

UNFCCC: Iran war 'supercharging' energy transition - The war is accelerating the shift to renewables, the climate body says.

The UNFCCC states that the war in Iran is 'supercharging' the energy transition.

Belgium halts dismantling of nuclear reactors, plans to revive nuclear energy after energy crisis triggered by Russia's invasion of Ukraine.

Belgium has halted the dismantling of its nuclear reactors and now intends to revive nuclear energy, reversing its earlier phase-out after the energy crisis triggered by Russia’s invasion of Ukraine.

California gasoline tops $6 a gallon as Iran war energy crunch reverberates globally.

Gasoline prices in California have exceeded $6 per gallon, as the global energy crisis caused by the Iran war continues to impact fuel costs.

UAE announces withdrawal from OPEC effective May 1, citing desire to expand oil production and disruption from war on Iran.

The United Arab Emirates announced it will withdraw from OPEC on May 1st, citing a desire to expand oil production and the impact of the war on Iran on Strait of Hormuz shipping.