Skip next section What you need to know What you need to know Indian LPG tanker Nanda Devi has safely reached Gujarat Oil and gas exports from the Gulf have plummeted since the start of the Iran war India is facing a shortage of cooking gas Here's a roundup of the major headlines out of India on Tuesday
The Cuban government on Monday announced that the Latin American island nation was subject to a nationwide blackout. The Cuban Ministry for Energy and Mines said that there has been a "total disconnection" from the electricity grid. "The causes are being investigated and protocols for restoration are beginning to be activated," the ministry posted on X.
The Strait of Hormuz off the coast of Iran is of central importance for the trade of oil and liquefied natural gas. To date, approximately one fifth of all oil transport around the globe has been routed through this bottleneck.
The easing of sanctions on Russian oil by the United States is aimed at cooling global energy prices as the US-Israel war on Iran continues. It also provides a significant boost to the Kremlin at a time when Russia desperately needs it.
When 32 countries this week moved to tap their emergency crude oil stockpiles in an effort to steady soaring oil prices, the gesture was quickly overshadowed by Iran's escalating strikes in the Strait of Hormuz.
Deep in a forest in the German state of Bavaria, Jürgen Grötsch fights his way through low-hanging branches. He is heading for a secret location hiding a bounty worth millions. If tapped successfully, it could change clean energy generation around the world. The treasure in question is a rare form of hydrogen that flows naturally from the ground.
While Iranian threats have brought maritime traffic through the Strait of Hormuz largely to a halt, experts doubt Iran will risk a long-term blockade of the shipping lane in retaliation for US-Israeli attacks.
When the US and Israel attacked Iran, the response was not long in coming. Iran is no longer allowing ships to pass through its coastal waters. The Strait of Hormuz, the bottleneck in the Persian Gulf through which 20% of the global oil trade passes every day, is now effectively blocked.
Formula 1 has undergone a radical overhaul ahead of the 2026 season opener in Australia. The cars are shorter, narrower and lighter, but perhaps most decisively now 50% of the power comes from the battery rather than from the combustion engine.
The Trump administration's decision to ease sanctions on Russian oil sales to India in order to address potential supply issues has raised questions about Washington's resolve on the issue.
Hungary said Friday it will use "every means" to resolve an escalating row with Kyiv over stalled Russian oil supplies to Budapest and Bratislava. Tensions have flared between Budapest and Kyiv in recent weeks over a damaged oil pipeline, the Druzhba pipeline, that delivers Russian crude to Central Europe.
Michael Gagliano works on the floor at the New York Stock Exchange on Friday. Seth Wenig/AP hide caption toggle caption Seth Wenig/AP NEW YORK — Oil shot to its highest price since 2023 after surging again Friday because of the Iran war, and a weak update on the U.S.