Both Tehran and Washington rejected a 10-point peace plan put forward by Pakistan and other meditators, sending oil to more than $110 a barrel.

The deepening energy crisis triggered by the US-Israel war with Iran has thrust energy security back onto the political stage in European countries.

In his first prime-time televised address on the conflict, Trump announced the US will hit Iran “extremely hard over the next two to three weeks.”

Rystad Energy expects the bill for restoring LNG trains, refineries, fuel terminals, and key gas-to-liquids facilities to climb even further.

The French energy giant will redirect the funds toward the country’s fossil fuel industry instead.

Major East Asian firms that drive chip manufacturing rely on the Middle East for energy imports.

Global investment in clean technology hit record levels last year, though growth slowed significantly.

Rising oil costs have narrowed the premium for biodiesel feedstocks over traditional, fossil alternatives, improving biofuel production margins.

The new data released Friday also showed inflationary pressures persisted at the start of the year.

A combination of tariffs, scrapped subsidies, and a White House energy agenda built around fossil fuels hit the solar industry in 2025.

The International Council on Mining and Metals’s new data highlights the sector’s role as both a major emitter and a linchpin of the clean energy transition.

The unemployment rate edged up to 4.4%.