Energy Crisis | DD News

May 7, 2026 4:30 PM

ASEAN summit kicks off with calls for joint response to energy crisis

The fallout of the Middle East crisis took centre stage at meetings of the Southeast Asian bloc ASEAN on Thursday, with renewed calls for a united front in the face of serious challenges for its fuel import-dependent economies. Concerns of energy and food supply security following a blockade of the critical Strait of Hormuz weigh heavy on the bloc of 11 nations, home to nearly 700 million and one of the regions worst-hit after the Iran war choked off energy supplies. The Philippines, this year...

March 9, 2026 11:26 AM

Bangladesh shuts universities early to save power amid energy crisis

Bangladesh will close all universities from Monday, bringing forward the Eid al-Fitr holidays as part of emergency measures to conserve electricity and fuel amid a worsening energy crisis linked to the conflict in the Middle East. Authorities said the decision applies to all public and private universities across the country, a move that officials said will not only reduce electricity consumption but also ease traffic congestion, which leads to fuel wastage. Officials said university campuses ...

June 23, 2025 1:51 PM

Any Iranian closure of Hormuz Strait would be ‘extremely dangerous’, EU’s top diplomat says

An Iranian closure of the Strait of Hormuz would be dangerous and "not good for anybody", the European Union's top diplomat said on Monday. "The concerns of retaliation and this war escalating are huge, especially closing of the Strait of Hormuz by Iran is something that would be extremely dangerous and not good for anybody," Kaja Kallas told reporters ahead of a meeting with EU foreign ministers. Iran's Press TV reported on Sunday that Iran's Supreme National Security Council needed to make a...

June 23, 2025 11:03 AM

Oil surges to five-month high after US hits Iran’s key nuclear sites

Oil prices jumped on Monday to their highest since January as the United States' weekend move to join Israel in attacking Iran's nuclear facilities stoked supply concerns. Brent crude futures were up $1.52 or 1.97% to $78.53 a barrel as of 0503 GMT. U.S. West Texas Intermediate crude advanced $1.51 or 2.04% to $75.35. Both contracts jumped by more than 3% earlier in the session to $81.40 and $78.40, respectively, touching five-month highs before giving up some gains. The rise in prices came a...

June 23, 2025 9:14 AM

Iran Parliament Approves Strait of Hormuz Closure Following U.S. Nuclear Strikes as Global Energy Crisis Looms

Iran’s parliament has unanimously approved a dramatic proposal to close the Strait of Hormuz—the world’s most critical oil and gas shipping route—in direct retaliation for U.S. airstrikes on Iranian nuclear facilities at Fordow, Natanz, and Isfahan. While the decision signals a potentially catastrophic escalation with global repercussions, final authority to implement the closure lies with Iran's Supreme National Security Council, which has not yet issued a formal order. U.S. Secretary ...