Turkish Energy Minister Alparslan Bayraktar has warned that global energy supply disruptions caused by the ongoing Middle East conflict are likely to persist.
In the Gulf, U.S. military bases have long been central to regional security. But rising tensions and shifting global dynamics are prompting new questions about what they protect - and whose interests they serve.
Profits for worldwide energy company TotalEnergies have risen 41% in three months, as global energy supplies are disrupted after two months of war and oil prices have increased by 3%.
The European Commission is set to outline new measures to ease pressure on households and businesses as Europe faces a new energy crisis linked to the conflict in Iran.
The Trump administration has waived sanctions on the purchase of Iranian oil at sea for 30 days on Friday (20 March) in its latest attempt to ease oil prices that have been driven up by the U.S.-Israeli war with Iran.
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