Latest News
-
UK hosts talks with 35 countries about reopening Strait of Hormuz
On Thursday, Britain will host a meeting to discuss the formation of a 'coalition of nations' that would explore how to reopen Strait of Hormuz after 'U.S. Donald Trump has said that other countries should be responsible for securing this vital waterway. Around midday, British Foreign Minister Yvette Cooper, will preside over the virtual meeting in London of 35 countries, including France, Germany Italy, Canada, and the United Arab Emirates, to explore ways of restoring freedom of navigation. The United States is not expected to attend. The meeting comes after Trump stated in an address to the nation on Wednesday night that the Strait of Hormuz could open "naturally". It was up to the countries who depended on the waterway to make sure it was open. Focus on Mines, Protect Tankers Iran has shut down the Strait in response to the U.S. and Israeli strikes that began late February. As energy prices rise, governments all over the world are focusing on reopening this 'waterway. The British Prime Minister Keir starmer stated on Wednesday that the meeting will assess "all feasible diplomatic and political steps" to restore freedom of navigation after a ceasefire is reached. European countries initially rejected Trump's request to send their navy to the region out of fear that they would be drawn into the conflict. According to European officials, they are concerned about the impact of the increasing cost of energy on global economic growth. They have therefore formed a coalition in order to find ways to reopen this waterway once a ceasefire has been agreed. Officials said that the talks on Thursday would be the 'first formal' meeting of the group, before further discussions with military planners in the coming weeks. According to a European official, the first phase of any plan to reopen the Strait should be "on ensuring that the waterway is free of mines", followed by a phase protecting tankers as they cross the area. Starmer stated that reopening of the waterway would "not be easy". It would also require "a united front of military strength, diplomatic activity and working with the shipping industry". Trump said that on Wednesday, other countries who use the Strait of Hormuz "should build up some delayed courage and just grab it". He said, "Just take it. Protect it. Use it for yourself." Andrew MacAskill, Andrew Heavens and Andrew MacAskill (Reporting)
-
Sources say that China has asked independent refiners in the country to maintain fuel production amid war disruption.
Sources familiar with the matter told Reuters that China's state planner had instructed independent refiners to not reduce their run rates below those of the last two years. This was done to protect domestic fuel supplies. This move is in response to the sharp rise in oil prices in April due?to a U.S./Israeli war against Iran and persistently low domestic fuel demand. Sources said that the?National Development and Reform Commission conveyed the message during a meeting this week with independent refiners. The NDRC didn't immediately respond to a faxed?comment request. Sources added that if the?import quotas for crude oil are not met, they could be reduced. China regulates oil imports through its independent refiners (often called teapots) under a quota-based system. According to Oilchem, an independent consultancy, the average capacity for refineries in Shandong's teapot hub was 53.66% by 2024, and 48.89% last year. According to Energy Aspects, China's teapots were operating at 55% capacity between February and March. According to Zhang Yuxin, a refined products analyst at Horizon Insights, the firm had originally expected teapots' operating rates to drop by 10% in April. However, it now expects them to be roughly unchanged from March. About a quarter of China's refinery capacity is accounted for by independent refiners. China last month stopped?refined oil exports. The?curbs extended into April to prevent a fuel shortage. (Reporting from Siyi Liu in Singapore, Trixie Yap in Beijing, and Florence Tan at the Singapore newsroom. Editing by Tony Munroe and Jan Harvey.
-
Storm hits Greece killing 1, flooding homes, and disrupting travel
After heavy rain and gale-force wind battered Greece on Thursday, authorities were rushed to repair the damage. A fire brigade official said that Greek authorities had recovered the body of a male in Nea Makri (35 km, 21.75 miles northeast of Athens). Local media reported that the man was 'believed to have been carried by a torrent and trapped under a vehicle as he tried to cross an flooded street. As the Erminio Storm swept across Athens, and other islands in the Aegean sea on Wednesday, the fire brigade received hundreds of calls from people who needed help rescuing themselves or others trapped by floodwater. Crews continued to work early on Thursday, removing debris and pumping out water from buildings that had been flooded, as well as repairing infrastructure damaged east of the capital. The authorities also prohibited some ferries sailing from Piraeus, near Athens, to the Greek Islands. The skies over?the mediterranean island Crete turned a eerie orange Wednesday, as winds of up to force 9 Beaufort scale blew dust from North Africa and disrupted flights. Greece, located at the southernmost point of Europe, has suffered devastating floods and wildfires over the past few years. Analysts attribute this to a rapidly changing climate. (Reporting and Writing by Angeliki Koutantou, Editing by Ros Russel)
-
Manila: Iran will allow safe passage of Philippine vessels and fuel supplies through Strait of Hormuz
The Philippines' foreign ministry announced on Thursday that Iran has assured them of its willingness to allow Philippine-flagged vessels, fuel, and Filipino seafarers, through the Strait of Hormuz. After Philippine Foreign Minister Ma. Theresa Lazaro and her Iranian counterpart Abbas Araqchi discussed energy security, as well as the safety of Filipino seafarers. The Philippine Foreign Ministry said that the Iranian Foreign minister "assured" the Secretary of the Department of State of the safe, uninterrupted, and expeditious transit of Philippine-flagged ships, energy sources, and all Filipino seafarers through the Strait of Hormuz. Lazaro called the call "productive", stating that they had reached a "positive agreement" in order to guarantee the safety of seafarers as well as the Philippines' energy needs. The Philippine Foreign Ministry said that the assurances would strengthen the energy security of the country. The ministry stated that "given the fact that the Philippines imports most of its energy needs from the Middle East," these assurances will help to ensure the Philippines receives critical oil and fertiliser supplies. Saudi Arabia is the Philippines' largest supplier of crude oil, which makes it susceptible to price fluctuations and disruptions in supply. (Reporting and editing by David Stanway; Mikhail Flores)
-
Australian farmers shift to less fertiliser intensive crops as Iran war costs rise
Australian farmers will likely choose less nitrogen-intensive crops like barley and canola over wheat and other grains in the coming season as the rising costs of fuel and fertilisers due to the Iran War weighs on their planting decisions. In Australia, planting of wheat, canola, and other crops will be accelerating this month. Farmers need to have ample crop nutrients available to support the early growth. Analysts said that the price of urea was around A$1,350 per ton in Australia this week. This is up 60% since the start of the U.S. - Israel war against Iran. Australian diesel prices have risen 88% in the same time period. Dennis Voznesenski is an agricultural analyst with Commonwealth Bank of Australia. He said that farmers are trying to reduce fertilizer application and switch planting from nitrogen-hungry crops such as wheat and canola to feed barley. He said that some are also reducing the planted area, but so far this is minimal. An agricultural broker and analyst have said that Australia's wheat plantation could fall by 10 to 12 percent, compared to the 12.4 million hectares planted a year ago. They said that canola cultivation is likely to decrease despite the higher returns. Both refused to be identified. Australia is the second largest canola supplier in the world and fourth-largest exporter of wheat. Canola is the second largest exporter of canola in the world, with importers from Asia, Middle East, and Europe. The company also sells barley, chickpeas, and pulses. The STRAIT of Hormuz is a fertiliser choke-point The Iran War has caused a major disruption in the Strait of Hormuz which is the main route for 30% of the global fertiliser trade. Bank of America warned that the conflict could threaten 65% to 70% global supplies of Urea, a nitrogen fertiliser. Prices have already risen by 30% to 40%. The U.S. Department of Agriculture announced this week that farmers in the United States plan to plant less corn than last year and more soybeans in 2026. China has curbed its fertiliser exports while India is looking for alternative sources of supply to increase supplies for summer-sown crop. Corn, wheat, and canola require a higher urea application than barley or pulses. StoneX analyst Josh Linville said that Australia relies heavily on China to supply?urea. However, export restrictions have reduced shipments. By the time buyers sought out supplies in the Middle East the war was already underway and the Strait of Hormuz closed. Fertiliser is needed at all stages of the crop's development, including during pre-maturity. Plantings in April and may are harvested in December and November. Tobin Gorey of Cornucopia, a commodities consultancy in Sydney, said: "It's a major issue because the cost of agriculture has increased sharply over the past month."
-
Sources say that China has asked independent refineries to maintain fuel production amid war disruption.
Sources familiar with the issue said that China's state planner had told independent refiners to not reduce their?run rates? below the average of the past two years. This was done to protect domestic fuel supplies. This move is in line with what smaller refiners were expected to do following a sharp rise?in oil due to U.S. Israel's war against?Iran and a persistently low domestic fuel demand. Sources said that the National Development and Reform Commission (NDRC)?sent the message to independent refiners? this week at a meeting?. The NDRC didn't immediately respond to a faxed comment request. Sources added that if the import quotas are not met, they could be reduced. China regulates oil imports through its independent refiners (known as teapots) under a "quota" system. According to Energy Aspects, the teapots were operating at 55% of their 'capacity' in February and March. China has halted its refined fuel exports since last month to prevent a fuel shortage due to the conflict in the Middle East. The curbs will continue into April. (Reporting from Siyi Liu, Trixie YAP and Florence Tan in Singapore. Additional reporting provided by Beijing newsroom. Editing by Tony Munroe & Jan Harvey.
-
Brazilian researchers re-mix coffee varieties to combat climate change
Oliveiro Guerreiro Filho, an agronomist at the Campinas Agronomy Institute, wanders among a mess of coffee plants. Unlike the uniform rows on most Brazilian coffee farms each cluster is a little different. Researchers hope that the genes from these 15 non-commercial and uncommon breeds, such as racemosa and liberica, could help to ensure future supplies of Arabica coffee. Scientists warn of the impact climate change will have on arabica, the most common bean in coffee production. Brazil is expected to be among those countries that see a decline in output. Rabobank released a report this week that said climate change could render 20% of the arabica-growing areas in the world unsuitable to grow coffee by 2050. Scientists at the Sao Paulo research institute hope to develop more resistant arabica types by introducing genetic material of more rustic species of coffee into new hybrids. Farmers in Indonesia and Malaysia have praised liberica for its hardiness against hotter, drier climates. They planted small plots to test how they would fare in drought. Jason Liew is the founder of My Liberica in Malaysia's Johor State. The plantation produces a variety of coffee that can tolerate high temperatures and heat. It also has a disease-resistant trait. Brazilian researchers are able to bring these traits into more popular and productive arabica plants. Guerreiro?Filho stated that they have been working for years at the Institute to transfer drought-tolerance genes from racemosa to arabica. "We are trying to create drought-tolerant Arabica varieties." This can take years of research. Scientists have to produce cross-bred seedlings, and then expose these hybrid varieties to harsh environments in order to evaluate them and identify the most robust plants. This can take up to 30 years. Hybrids are also evaluated for their?increased ability to resist pests and disease, as well as better quality. Arabica crossed with liberica, for example, has shown to be more resistant to coffee-rust, which is a fungus. Rodolfo?Olivera, the head of the Brazilian state?agency Embrapa’s coffee unit, explained that research such as the ones underway at the Institute is key to the future success of coffee. Oliveira stated that working with other species of coffee is important because arabica's genetic base is so narrow, it makes it vulnerable to pests and diseases. Climate change also poses a threat. Reporting by Oliver Griffin, Additional reporting by Ashley Tang and Dewi Kurianiawati from Kuala Lumpur; Editing and proofreading by Brad Haynes and Rosalba o'Brien
-
Data shows that Burkina Faso and Mali troops kill more civilians compared to jihadists
Human Rights Watch published a report on Thursday that reveals the government and its allies have killed twice as many civilians in Burkina Faso since 2023 than jihadist militants. This pattern is consistent with the data provided by Armed Conflict Location & Event Data, a conflict monitoring organization. It also applies to Mali. ACLED data shows that in that country, like Burkina Faso, a military-led regime has been ruling since a coup. According to ACLED, the government and its partners are responsible for a three to four time increase of civilian deaths compared to jihadists during the past two years. Since 2021, violence involving jihadists in Burkina Faso and Mali has increased, making the Sahel a global hotspot for terrorism. Analysts said that the deaths of many civilians by government forces would bolster militant groups' political legitimacy and encourage recruitment. Analysts said that they could complicate efforts by the United States in order to improve relations with Sahel government, who expelled French forces and other Western troops after their respective coups. Ilaria Allegrozzi is a senior Sahel researcher for Human Rights Watch. She said that the Burkinabe security forces and allied armed militias "appears to be more violent and brutal" than militant groups such as Jama'at Nusrat al-Islam wal-Muslimin, a local al Qaeda affiliate. She said that the Burkinabe forces behave in a way that is consistent with regional patterns, which raises concerns about military discipline and its effects on counterinsurgency. The Mali and Burkina Faso government spokespeople did not respond immediately to requests for comments. HRW's requests for comment to the Burkina Faso Government and JNIM’s Sharia committee in Burkina Faso were not responded to. Mali and Burkina Faso denied extrajudicial killings in the past, claiming that their forces killed "terrorists". "THEY EXTERMINATED EVERYTHING" The HRW report covers the period from January 2023 to August 2025 and documents 57 incidents where at least 1,837 civilians were killed. The report details 33 incidents in which government forces and allies were responsible for the deaths of 1,255 civilians. ACLED data indicates that between 2025 and 2025, the Burkinabe army and the pro-government Homeland Defence Volunteers militia, as well as JNIM, and Islamic State Sahel Province, another militant group, each killed 523 civilians. According to ACLED, in Mali the military and Russian paramilitary groups Wagner, Africa Corps and ISSP, along with the Russian military, killed 918 civilians between 2025 and 2025. JNIM, ISSP and JNIM killed 232 civilians. JNIM was not available for a comment. The Russian defence ministry that runs Wagner and Africa Corps did not respond immediately to a comment request. ACLED gathers its data through social media, reports in the press, and statements by governments, armed forces, and non-governmental organizations. The report claims to provide conservative estimates for fatalities. HRW's report was based on 450 interviews, verified social media images and satellite imagery. The report also states that the incidents documented by HRW are not all-inclusive. Allegrozzi stated that because JNIM controls vast swathes, security forces may be called upon to escort convoys, including humanitarian and supply convoys, in rural areas. However, they often kill civilians along the way. A resident of eastern Burkina Faso who requested anonymity for fear of reprisals said he was traveling in a convoy of civilians under military escort during July 2024. Many of the villages that they passed were abandoned. They then reached Sakoani village, located 30 km (19 miles) from the town of Kantchari. He said: "When the soldiers arrived and saw that the village was populated, the encircled the whole village and exterminated every living thing." "People fled, but they shot at them if you ran." He estimated that he had seen at least 100 dead bodies. ACLED: Increasing use of drones in Mali. According to ACLED, drone strikes have resulted in many civilian deaths. Since the government started purchasing Turkish drones in 2022, there has been a surge in drone warfare. The ACLED data show that Mali's military increased the number of drone or airstrikes against civilians from four in 2012 to 66 in 2025. This resulted in 155 fatalities. ACLED reports that in July 2024 government drone attacks killed at least fifty civilians at Inatiyara?artisanal gold mine site in northern Mali. Three eyewitnesses have described the attacks. "We were shocked by the strikes. We were so afraid," said a Niger gold panner of 30 years old who worked at Inatiyara. He asked to remain anonymous. It was pure panic... "I'm still reeling from the shock." HRW and ACLED documented grave abuses by JNIM. These included the murder of at least 19 civilians, as well as 133 civilians, in Diallassagou in Mali in May 2024. Analysts have said that the group was able to portray itself as a protector of marginalised groups like the Fulani - a pastoralist group widely dispersed whose members often are accused of being associated with JNIM. Heni Nsaibia is ACLED's senior analyst in West Africa. She said: "As states increasingly rely upon retaliation, collective punishment and coercion, more civilians are trapped in areas controlled by jihadists, where JNIM consolidates its influence through strategic engagement and coercion of local populations." (Reporting and editing by Robbie Corey Boulet and Daniel Wallis; Portia Crowe)
US power manufacturers binge on ultra-cheap gas: Kemp
U.S. electrical energy generators consumed a record quantity of gas in the first 4 months of the year as rates dropped to the lowest level in real terms for over half a century.
Ultra-low rates encouraged more power production from some of the least-efficient single-cycle gas and steam turbines at the expense of coal.
However record combustion by generators made little impact on inflamed gas inventories in the middle of continued development in gas production and sluggish exports.
Chartbook: U.S. gas-fired electrical power generation
Generators produced a record 1,334 billion kilowatt-hours ( kWh) in between January and April, according to the current information from the U.S. Energy Info Administration.
Generation was up by 47 billion kWh (4%) compared to the very same period a year previously and by about the very same compared with the previous 10-year average.
Two-thirds of the additional output originated from gas-fired units (30. billion kWh) with most of the rest from solar farms (13 billion. kWh).
As an outcome, generators improved their gas intake by 213. billion cubic feet (6%) compared to a year earlier to a record. 3,941 bcf.
BLOATED STOCKS
Regardless of record power burn, gas stocks remained abnormally. high, with stocks 671 bcf (+36% or +1.46 requirement. discrepancies) above the prior 10-year seasonal average at the end. of April.
The surplus had swelled from 261 bcf (+14% or +0.58 requirement. deviations) a year previously thanks to a mild winter in. 2023/24.
By April, the real expense of gas received by electricity. generators had plunged to approximately simply $2.05 per million. British thermal units.
After adjusting for inflation, power generators' gas. acquisition costs had been up to the most affordable level on record in. information going back to 1973.
INCREASING RUNS
Remarkably cheap fuel motivated gas-fired generators to. run their units for more hours, including the least-efficient,. most fuel-hungry plants that typically run primarily during the. summer and winter peak periods.
Single-cycle gas turbines and gas-fuelled steam generators. are much less efficient than combined-cycle systems and normally. run just in peak periods of electrical power need.
With fuel so low-cost, nevertheless, gas turbines operated with a. record seasonal capacity aspect of more than 14% in April 2024. up from 12% in April 2023 and 10% in April 2022.
Gas-fired steam turbines created more than 15% of their. maximum theoretical output, up from 13% in 2023 and 10% in 2022,. and the highest for more than a decade.
CONSISTENT SURPLUS
Tape gas-fired generation has helped avoid surplus. inventories swelling even further but has actually not yet decreased. puffed up stocks to more normal levels.
Recurrent problems with the operation of the Freeport LNG. export terminal have actually likewise postponed the normalisation of stocks.
Gas generation spiked to an all-time record early in July. 2024, owing to high temperatures across much of the Lower 48. states, sluggish wind speeds, and the effect of low gas rates. themselves.
Nevertheless, inventories were still the second-highest on record. for the time of year on July 19 and 479 bcf (+17% or +1.35. standard variances) above the previous ten-year seasonal average.
After bouncing a little in May and June, futures rates have. dropped in July towards the trough previously this year, returning. close to multi-decade lows in real terms.
Such extremely low prices are sending the strongest. possible signal to gas producers on the requirement to cut drilling and. output even further after an initial round of cuts announced in. February.
They are also sending a signal to generators to use their. systems to the grid as much as possible, with gas generation. records most likely to be smashed this summertime.
Costs will remain lower for longer until the inventories. begin to converge with the long-term seasonal average, many. likely by the end of winter 2024/25.
Related columns:
- U.S. oil output development slows, gas production begins to. fall (July 2, 2024)
- U.S. gas surplus will be removed before end of winter season. 2024/25 (May 8, 2024)
- Northern Hemisphere's record winter warmth slashes gas. usage( March 20, 2024)
John Kemp is a Reuters market analyst. The views revealed. are his own. Follow his commentary on X https://twitter.com/JKempEnergy.
(source: Reuters)