World:
¶ “Could Oil Prices Really Reach $200 Per Barrel As Claimed By Iran?” • As the Iran war is two weeks old, energy markets brace for a potential “super shock”. The Islamic Revolutionary Guard Corps threatens to use control over the Strait of Hormuz to push oil prices to $200 per barrel. Historically, we have seen such high costs, counting for inflation. [Euronews]
Oil well (Moritz Kindler, Unsplash)
¶ “Fossil Fuel Giants Are ‘Cashing In’ On The Iran War. Is It Time For A Tax On Windfall Profits?” • Before the war on Iran, Brent crude, an oil benchmark, traded in the range of $60-$70 (€52 – €60) per barrel. Prices have gone above $100 per barrel, as cargo ships are attacked in the Gulf. Fossil fuel giants are accused of “cashing in” on the war. [Euronews]
¶ “Conflict In Middle East Could Cost Europe’s Drivers An Extra €150 Million A Day” • Europeans are set to pay a ‘geopolitical premium’ of an extra €150 million per day as oil prices pass $100 per barrel, T&E research shows. T&E calls for long-term rather than short-term measures to liberate Europe from the volatility of geopolitical shocks. [CleanTechnica]
No extra cost for EVs (Hyundai Motor Group, Unsplash)
¶ “Pakistan Avoids LNG Shocks Due To Iranian Bombing With Solar Panels” • In the middle of the fuel crisis created by the war on Iran, Pakistan appears in a different position than expected. The country faces less immediate pressure than others because of solar panels that have been put up on rooftops and industrial facilities over the past two years. [CleanTechnica]
¶ “Portugal Shuts Down Last Coal Plant, Shows Transition To Renewable Energy Is Possible ” • Portugal closed its last coal-fired power plant, marking a historic shift in how the country generates electricity. Portugal generates over 70% of its electricity from renewable sources now. It relied on fossil fuels for 80% of its energy in 2010. [Microgrid Media]
Pego Power Station (Manuel Anastácio, CC BY-SA 2.0)
¶ “Windcarrier Wins Siemens Gamesa O&M Deal” • Fred Olsen Windcarrier agreed to provide Siemens Gamesa Renewable Energy with offshore wind operations and maintenance services for turbines up to 15 MW. Windcarrier said either Bold Tern or Brave Tern will be used under the long-term agreement. Work is expected to begin in Q1 2028. [reNews]
¶ “Integrating Variable Renewable Energy In Kenya” • Kenya is now building on its renewable energy success, with nearly 90% of the generation mix derived from renewable sources. Electricity access in Kenya has arisen from 37% in 2013 to 79% in 2025, and the country has established itself as a regional leader in energy development. [International Energy Agency]
Wind turbines, Kenya (Kipkorir Cheruiyot, CC BY-SA 4.0, cropped)
¶ “Earthquake-Prone Greece Long Shunned Nuclear Power. Could That Be About To Change?” • To address the challenges of energy security and greenhouse gas emissions, the government of Greece decided to take a step that would have caused strong reactions a few years ago: to open the debate on the possibility of nuclear power generation in Greece. [AOL.co.uk]
US:
¶ “Trump Administration Could Suspend The Jones Act In A Bid To Curb Soaring Oil Prices” • The Trump regime is preparing to issue a temporary suspension of the Jones Act, a maritime law of 1920 that restricts the cargo shipped between American ports to US ships, as Washington scrambles to contain oil prices surging in the wake of the Iran war. [Euronews]
Oil tanker (Jens Rademacher, Unsplash, cropped)
¶ “Dow Closes Down 700 Points As Global Oil Prices Top $100 Per Barrel” • The Dow Jones Industrial Average fell sharply as global oil prices spiked above $100 per barrel. The Dow plunged 730 points, or 1.5%, with similar declines in other stock markets. Traders feared economic fallout from elevated oil prices amid the US-Israeli war on Iran. [ABC News]
¶ “US Perovskite Solar Cell Startup Hits The Ground Running” • US solar manufacturers have had their ups and downs. Lately it’s been more up than down, which is weird considering how fossil-friendly federal policy is. Still, US solar manufacturing is taking off, and the best is yet to come as tandem silicon-perovskite solar cells hit the market. [CleanTechnica]
Making silicon-perovskite solar cells (Courtesy of Swift Solar)
¶ “Peak Energy Bringing Sodium-Ion Battery Storage To Wisconsin” • Peak Energy was founded in 2023 by a group of people who had worked at Tesla, Enovix, and Apple. It’s mission is to developed low cost, giga-scale energy storage technology to reduce the cost of energy storage and establish the US as a global leader in the battery technology. [CleanTechnica]
¶ “US Offshore Wind Could Drive $42 Billion Steel Demand” • US offshore wind development could generate demand for $42 billion in domestic steel over the next two decades, supporting 186,600 American jobs, new research from Oceantic Network shows. The study was commissioned by Oceantic Network with Lumen Energy & Environment. [reNews]
Working on steel (Oceantic Network image)
¶ “With Oil On The Rocks, Electric Trucks Save Even More” • The case for electric trucks has been building, especially among short-haul fleets that can recharge overnight. While the long haul, Class 8 heavy-duty business is a next-level challenge, there is money to be made in smaller trucks. And startup Harbinger Motors is here for it. [CleanTechnica]
¶ “Two Bad Bills Would Speed Up Fracking Of Ohio Parks And Squash Renewable Energy” • The Ohio legislature has a history of kowtowing to oil and gas interests. Two bills currently show this, as they speed up the process to frack Ohio state parks and public lands, while they further boost oil, gas, and nuclear at the expense of renewable energy. [News From The States]
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