Another surge in energy prices has jolted Europe, reviving memories of the 2022 shock that followed Russia’s invasion of Ukraine.This time the trigger is instability in the Middle East, which has disrupted key shipping routes and sent markets into a fresh tailspin.The EU had vowed to end its heavy dependence on Russian fuels after 2022 and moved quickly: Russia now supplies almost none of the...

A fresh shock from the Middle East has sent energy markets reeling and reopened a debate Europe hoped it had settled.Months after stepping away from Russian fuels, EU capitals now face sharp price jumps and renewed political pressure as supplies tighten.After Russia’s 2022 invasion of Ukraine, the EU moved quickly to cut dependence on Moscow. Oil flows from Russia have almost disappeared for...

A string of attacks on a major gas field shared by Iran and Qatar has pushed energy markets higher and put fresh strain on the U.S.-Israel partnership.Israeli forces struck facilities in the South Pars field, one of the world’s largest gas reserves, and Iran responded by targeting an energy complex in Qatar.The tit-for-tat exchange prompted a fierce post from US President Donald Trump on his...

Missile attacks on Qatar's key energy hub at Ras Laffan have caused heavy damage to liquefied natural gas and gas-to-liquids facilities, sending gas prices sharply higher and raising concerns about a prolonged hit to global supplies.Ras Laffan is Qatar's main LNG processing complex, handling roughly one-fifth of the world's liquefied natural gas.The site, near the North Field and about 80km...

A crippled Russian tanker loaded with liquefied natural gas and heavy fuel is drifting without a crew in the central Mediterranean, raising urgent alarm over the risk of a major ecological incident.Italian authorities, who joined eight other EU governments in urging the European Commission to act, say the vessel presents a severe and immediate danger after sustaining serious damage near Maltese...