As fossil fuel prices soar ‘the era of clean energy security must come of age’, energy secretary will sayEd Miliband will double down on Labour’s commitment to net zero in the face of the Middle East conflict...
Read MoreChancellor wants to reduce impact of gas on market prices, as it almost always sets price of electricity in UKThe chancellor, Rachel Reeves, has said she and Ed Miliband, the energy secretary, are looking at ways to break the...
Read MoreAlongside the oil and gas stranded in the strait of Hormuz is another commodity vital to today’s economy: helium. It is a critical element in all kinds of areas from MRI machines to the Large Hadron Collider, and even...
Read MorePrime minister says conversation with US president on Thursday night focused on need for ‘practical plan’ to open strait of HormuzTony Blair, the former Labour prime minister, has joined those saying the government...
Read MoreSenior climate figures warn North Sea drilling would encourage fossil fuel exploitation by developing countriesOpening new oil and gas fields in the North Sea would “send a shock wave around the world”, imperilling...
Read MoreExclusive: research finds Jackdaw field would provide only about 2% of current demand, and Rosebank only 1%Opening major new fields in the North Sea would make almost no difference to the UK’s reliance on gas imports,...
Read MoreUN says record numbers of people could face acute hunger if conflict continuesThe world has become well versed in the importance of the strait of Hormuz to the world’s energy flows, but attention is increasingly turning to...
Read MoreWe are at a critical point in the climate emergency and already struggling to meet emissions reduction targets. The UK government must hold its nerveWhile the UK is only marginally involved in the war in the Middle East in...
Read MoreFebruary annual rate in line with analysts’ expectations but outlook has shifted because of effects of conflictThe UK inflation rate was unchanged at 3% in February, before Donald Trump’s Iran war drove up global...
Read MoreDonald Trump’s ‘little excursion’ is likely to have long-term effects, from oil prices to inflation to growth, say expertsIn the days after the US and Israel first bombed Iran, financial markets bet the...
Read MoreOil prices have already shot up thanks to the US-Israeli war in Iran. But what is the economic fallout likely to be? Will interest rates rise? What about inflation? Could the cost of borrowing increase – and by how much?...
Read MoreMinisters understood to be considering ways to mitigate rising energy bills as oil prices surpass $100 a barrelMiddle East crisis – live updatesUK politics live – latest updatesKeir Starmer has said that a long-term...
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