Big Oil to reap billions from Iran war windfall after a month of soaring energy prices
Today 11:30am
As Big Oil executives gathered this week and discussed the biggest-ever disruption to global energy supplies due to the war in Iran, there was one impact they did not address publicly: the multibillion-dollar windfall they will make because of soaring prices for the energy they sell.
France confirms oil crisis, says 30-40 percent of Gulf energy infrastructure destroyed
Today 11:30am
France's Finance Minister Roland Lescure revealed that between 30 and 40 per cent of Gulf refining capacity has been damaged or destroyed by Iran's retaliatory strikes, leaving a shortage of 11 million barrels a day on global oil markets. Lescure warned it could take up to three years to restore damaged facilities, and several months to restart those that were urgently shut down.
Rationing power and diluting petrol – how African countries are coping with effects of Iran war
Today 11:30am
Countries across Africa have taken measures such as diluting petrol and restricting electricity consumption to cope with the fuel crisis triggered by the US and Israel's war in Iran.
Arctic sea ice just dropped to an alarming new low
Today 11:30am
Right now, the Arctic is maxing out on sea ice – the cold of winter has built up over months of darkness, and ice has spread as far south as it will all year. It’s the North Pole’s sea ice maximum, except this year, it’s alarmingly low.
Two Australian states offer free public transport as war pushes up fuel prices
Today 11:30am
Public transport in two Australian states will be made free to incentivise people not to drive as fuel prices soar due to the war in the Middle East.
Forty new migratory species given international protection, UN agrees
Today 11:30am
The decision came at the conclusion of the COP15 summit on migratory species in Brazil.
US cannot meet Iran war-induced LNG shortfall: industry leaders
Fri 27 Mar 2026
Business leaders are warning that the United States lacks the infrastructure to alleviate a global LNG shortage caused by the US-Israel war on Iran, which has kept a fifth of the world's energy supplies from leaving the Gulf.
Limiting global warming to 2C would not ‘rule out’ extreme impacts
Fri 27 Mar 2026
Limiting warming to 2C above pre-industrial temperatures may not be enough to prevent “extreme global climate outcomes”, according to research published in Nature.
Germany unveils climate plan to cut emissions and fossil fuels
Fri 27 Mar 2026
Germany set out plans on Wednesday to help it meet 2030 climate targets and reduce its dependence on volatile fossil fuel imports, making 8 billion euros available to fund measures such as expanding wind power capacity and boosting EV sales.
US has caused $10tn worth of climate damage since 1990, research finds
Fri 27 Mar 2026
The US has caused an eye-watering $10tn in global damages to the world over the past three decades through its vast planet-heating emissions, with a quarter of this economic pain inflicted upon itself, new research has found.
