The International Atomic Energy Agency called Tuesday for the establishment of a security zone around Ukraine's Zaporizhzhia nuclear power plant, occupied by Russia and the site of recent shelling. "The current situation is untenable," the UN atomic watchdog said in a report after it sent a team to the plant...

European and US stocks rose Tuesday, but gains were capped by economic slowdown fears and central bank efforts to contain surging inflation. Frankfurt, London and Paris equities carved out gains despite poor German data, a day after tumultuous trading as Russia curbed gas supplies to Europe.

Catherine Colonna met her Turkish counterpart Mevlut Cavusoglu before flying to Athens on Tuesday to address a new spike in tensions between the two NATO neighbours and historic foes. Colonna made efforts at a joint media appearance with Cavusoglu to avoid a repeat of the public spat that developed during...

In spite of the Western sanctions, Russia has raked in some $158 billion in energy exports in the six months since the war, with the EU accounting for more than half. Natural gas prices have jumped to record levels in Europe as Russia cut off supplies.

The move could irk the United States as it has pressed the group to increase output in order to bring down energy prices that have fuelled decades-high inflation. OPEC+ had agreed to huge cuts in output in 2020 when the Covid pandemic sent oil prices crashing, but it began to...

Nearly a week after the US said Russia was receiving Iranian combat drones to be used in the Ukraine war, Iran says that it is looking to buy Sukhoi Su-35 fighter jets from Russia. Both the countries are under international sanctions, Iran for pulling out of the nuclear deal and...

The leader of Italy's far-right League party, Matteo Salvini, has sparked debate by saying that the unprecedented sanctions the West had imposed on Russia over the Ukraine invasion weren't working. "Several months have passed and people are paying two, three, even four times more for their bills," he told Rtl...

Turkey can mediate in a standoff over Ukraine's Zaporizhzhia nuclear power station, occupied by Moscow's troops, President Recep Tayyip Erdogan told Russian counterpart Vladimir Putin on Saturday. "President Erdogan said Turkey can play a facilitator role in the Zaporizhzhia nuclear power plant, as they did in the grain deal," the...

G7 industrialized powers vowed Friday to "urgently" move towards implementing a price cap on Russian oil imports in a bid to cut a major source of funding for Moscow's war in Ukraine. The G7 said it was working towards a "broad coalition" of support for the measure but officials in...

The Kremlin on Tuesday warned it would respond if the European Union makes it harder for Russians to travel to the bloc as part of measures in support of Ukraine. The idea to ban Russian tourists from Europe has divided EU nations, with some in full support and others against...

European leaders want to break the link between soaring gas prices and electricity bills, a wholesale reform of the EU energy market made urgent by Russia's invasion of Ukraine. This continent-wide shake up of 27 EU economies with different energy needs and sources will be a long and politically-fraught process.

Massive hike in the gas prices hits firm's profitability.

High gas prices have been followed by disruptions in the nuclear and hydroelectric sectors amid a heatwave blamed on climate change -- threatening businesses and households with massive bills. Energy ministers from EU member states will hold urgent talks in Brussels on September 9.

Owing to its energy saving measures in recent weeks coupled with huge purchases of gas from suppliers other than Russia, Germany has replenished its gas stocks more quickly than expected. This, after Russia drastically reduced gas supply in the wake of the outbreak of war in Ukraine.

Encouraged by Ukraine to ban all Russian tourists from visiting Europe, EU foreign ministers will study the idea in a two-day meeting beginning Tuesday in Prague. Although many have resisted the suggestion fearing it would prevent Russian dissidents from getting out, many have wholeheartedly agreed with it.

The two uneasy NATO neighbors have long-standing sea and air boundary disputes which lead to near-daily air force patrols and interception missions mostly around Greek islands near Turkey's coastline.

A year after the last wisps of smoke disappeared into the skies from the imposing chimneys of the Moorburg coal plant, hopes had grown that the mothballed site would see new life as Germany scrambles to secure energy supplies. Russia's curtailing of gas exports to Germany in the wake of...

An economic crisis spurred by the Ukraine war is casting darkness upon Egypt's streets, as the government dims lights to free up energy for export and bolster hard currency reserves.

The new measure allow Ukrainian citizens and people from Ukraine's separatist eastern regions that Russia recognizes as independent to work in Russia without a work permit and to live in the country "without a time limit".

There is a risk of a radioactive leak at Ukraine's Zaporizhzhia nuclear power plant, occupied by Russian troops, the state energy operator said Saturday. Enervator said Moscow's troops had "shelled" the site of the plant in Ukraine over the past day. Kyiv and Moscow have traded accusations over shelling in...

The Nuclear Non-Proliferation Treaty (NPT), which 191 signatories review every five years, aims to prevent the spread of nuclear weapons, promote complete disarmament and promote cooperation in the peaceful use of nuclear energy. The nations have been gathered at UN headquarters in New York since August 1 participating in a...

The Korea Hydro & Nuclear Power Co. won a contract with Russia’s state-owned Rosatom in the project. The state-owned Korean company, which was selected as the sole bidder in December 2021, will construct the main and auxiliary buildings and structures of the turbine islands for the units between 2023 and...

Turkey's finance minister told businesses on Friday they should not be concerned by the threat of sanctions that Washington warns will follow if they do business with sanctioned Russians. Nureddin Nebati's Twitter comments represent Ankara's first official response to a letter the US Treasury sent to Turkish businesses on Monday.

Bachelet, who steps down at the end of the month, marked the six months since the February 24 Russian invasion by insisting on accountability for serious rights violations in the conflict, some of which may amount to war crimes, she said. Her office has so far documented 5,587 civilians killed...

Head of the UN agency Rafael Grossi and Rosatom chief Alexei Likhachev met in Istanbul on Wednesday, the Russian nuclear energy agency said in a statement.

Washington is growing increasingly alarmed that the Russian government and businesses are using Turkey to evade Western financial and trading restrictions imposed in response to the Kremlin's invasion of Ukraine six months ago. Turkey's imports of Russian oil are ballooning.

World stocks sank Monday and the dollar rallied on concern the Federal Reserve will stick to its interest rate-hiking plans to combat inflation. Eurozone equities tanked as spiking natural gas prices sparked fears that winter energy shortages could cause recession, which helped push the euro down to a 20-year low...

All eyes are on a symposium in Jackson Hole, Wyoming where Fed boss Jerome Powell will deliver a speech that will be followed for an idea about the bank's next moves. A dip in price rises and signs of economic slowdown had raised hopes policymakers would ease up -- and...

Russian fertilizers and agricultural products must be able to reach world markets "unimpeded" or a global food crisis could strike as early as next year, UN Secretary General Antonio Guterres said Saturday. "It is important that all governments and the private sector cooperate to bring them to market," he said...

Two more ships carrying grain have left Ukraine's Chornomorsk port, Turkey's Defense Ministry said on Saturday, bringing the number of vessels to leave Ukraine's Black Sea ports under a UN-brokered deal to 27. The joint coordination center said Zumrut Ana and MV Ocean S were loaded with sunflower oil and...

Russian President Vladimir Putin and his French counterpart Emmanuel Macron called for independent inspections at the Moscow-occupied Zaporizhzhia nuclear plant, the Kremlin said Friday. Putin said "the systematic shelling by the Ukrainian military of the territory of the Zaporizhzhia nuclear power plant creates the danger of a large-scale catastrophe that...

Germany is heavily dependent on Russian gas and has seen deliveries drop sharply amid tensions over the Ukraine war.

The Turkish leader met his Ukrainian counterpart Volodymyr Zelensky in Lviv just two weeks after flying to Sochi for talks with Russian President Vladimir Putin during which the two sides pledged to boost economic cooperation.

Beijing and Moscow have close defence links and China has said it wants to push bilateral relations "to a higher level," even as Moscow faces international sanctions and widespread condemnation over its war in Ukraine. China's defence ministry said Wednesday its participation in the annual "Vostok" exercises -- which Moscow...

Spanish Prime Minister Pedro Sanchez said Tuesday he hopes a gas pipeline linking the Iberian Peninsula to central Europe through France could soon become a reality. Europe is currently undergoing an energy crisis as it struggles to rapidly reduce its dependence on Russian gas following the invasion of Ukraine.

The UN brokered agreement lifted a Russian blockade of Ukraine's ports and established safe corridors through the naval mines laid by Kyiv.

Green hydrogen is in sharp focus as governments seek to slash carbon emissions amid record-high temperatures and to safeguard energy supplies hit by the invasion of Ukraine by oil and gas producer Russia. But the "hydrogen economy" has not fully kicked into gear awaiting significant uptake from high-polluting sectors like...

While the Ukraine war rages on, Russian President Vladimir Putin has pitched weapons to allies around the world, lauding them for ‘reliability, efficiency’ and having been tested on the field of battle in ‘real combat operations more than once.’

Russia has come under increasingly tough sanctions since its February invasion of Ukraine, while Iran has faced stringent sanctions reimposed in 2018 when the United States unilaterally pulled out of a nuclear deal between Tehran and world powers.

Last weekend Bill Richardson, a former US ambassador to the UN who has negotiated the release of several Americans held in other countries, said he was "optimistic" about efforts to negotiate a "two for two" prisoner swap with Russia.

OPEC warns that the demand growth for 2023 will slow further to 2.7 million bpd, leaving its forecast unchanged from last month.

Iran plans to commission three more versions of a satellite launched this week by Russia, Tehran's government spokesman said Friday. The Khayyam blasted into orbit on Tuesday, prompting US accusations that it is intended for spying. Iran dismissed Washington's claim as "childish." "The construction of three other Khayyam satellites with...

Global oil demand will rise more than previously forecast this year as heatwaves and soaring gas prices are prompting countries to switch fuels for power generation, the International Energy Agency said Thursday. Oil prices have dropped by $30 per barrel from a peak in June due to growing supplies and...

Iran's Space Agency said the Khayyam satellite is entirely designed and built to meet the needs of the country in crisis and urban management, natural resources, mines, and agriculture.

The Covid-19 pandemic, regional lockdowns, and Ukraine war have been disrupting trading lane in air and maritime freight, affecting the global supply chain, say experts.

Diplomats at the UN Security Council have expressed concern at the situation in Gaza despite the tenuous truce between Islamic Jihad and Israel after three days of deadly fighting. Russian ambassador stressed the council is "deeply concern by this turn of events, which could lead to the resumption of a...

President Recep Tayyip Erdogan has confirmed that Turkey will start paying for some of its Russian natural gas imports in rubles. Avoiding paying for the gas in dollars helps Turkey protect its dwindling hard currency reserves.

Food prices dropped significantly in July, marking the fourth consecutive monthly decline since record highs earlier this year in the wake of the situation in Ukraine, the Food and Agricultural Organization said. FAO published its latest Food Price Index, which tracks monthly changes in global prices of cereals, vegetable oils,...

The French government warned Wednesday that companies might have to reduce energy use this winter even with the country's natural gas reserves at full capacity, as Russia continues to reduce its gas exports to Europe. "The main players, government agencies and businesses, must reduce their consumption" of gas as well...

After cutting production in 2020 in response to falling prices during the Covid pandemic, OPEC+ began to modestly raise it last year and has renewed the policy every month.