GLOBAL ENERGY CRISIS: The global economy faces "major threat" and the current energy crisis is worse than the oil shocks of the 1970s, the International Energy Agency warned, as Asian markets tumbled on the escalating threats. The U.S. moved to ease sanctions on Iranian oil to cool surging prices, but that could be a boon for Tehran.

British PM to chair Monday meeting including chancellor and Bank of England head on fallout from Iran war; International Energy Agency chief says it will release more stockpiled oil ‘if necessary’

A defiant Iran is threatening to destroy energy infrastructure in Israel and in neighboring countries with U.S. military bases if President Trump follows through on his threat to attack power plants in Iran.

US President Donald Trump has described the assistance Ukraine is providing to countries in the Middle East as political PR by Ukrainian President Volodymyr Zelenskyy.

Oil prices look set to rise on Monday after U.S. and ​Iranian trade threats to target energy facilities, analysts said.

With his latest Iran ultimatum looming, US President Donald Trump has pushed an anxious Persian Gulf region to the brink of further uncertainty and danger.

President Donald Trump says the US is considering "winding down our great Military efforts in the Middle East," he wrote on his Truth Social platform on Friday. "We are getting very close to meeting

Iran on Monday threatened to attack Mideast electrical plants powering American military bases as U.S. President Donald Trump’s deadline on opening the Strait of Hormuz approaches.

By Idrees Ali, Phil Stewart and Jana Choukeir WASHINGTON/DUBAI, March 20 (Reuters) - The U.S. military is deploying thousands more Marines to the Middle East, officials told Reuters on Friday, as President Donald Trump accused NATO allies of cowardice over their reluctance to send forces to help open the Strait of Hormuz.