EXPLAINER
South Africa to Australia: Why coal profits are surging during Iran war
Coal companies are reporting a huge rise in profits, but analysts say global clean energy transition is still on track.
![The recently extended Echo Bay launch ramp accommodates lower water levels at Lake Mead near Overton, Nevada, U.S., July 21, 2026. Lake Mead, the largest reservoir in the United States by water capacity, has, according to the Metropolitan Water District of Southern California, declined after years of prolonged drought, rising temperatures and heavy demand on the Colorado River system as western states in the U.S. continue negotiations over future water-sharing rules. [Caroline Brehman/Reuters]](/wp-content/uploads/2026/08/image-1786681478.jpg?resize=770%2C513&quality=80)
![Soaring prices in Gaza Strip fuel heavy demand for fan and lighter repairs [AP]](/wp-content/uploads/2026/08/image-1786473859.jpg?resize=770%2C513&quality=80)
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Houthi attacks kill seven in Yemen, refinery targeted in Saudi Arabia
The attacks on the port and refinery are the latest amid escalating tensions between Riyadh and the Houthis.
US Senate passes sweeping Russian energy sanctions bill amid Ukraine war
Legislation implements aggressive economic sanctions, including 100 percent tariff on Russian oil and gas importers.
![A file photo of late Senator Lindsey Graham from November 19, 2025. The US Senate on Friday passed a sweeping sanctions legislation package targeting Russia's energy revenues, championed by Graham. [File: /Julia Demaree Nikhinson/AP Photo]](/wp-content/uploads/2026/08/AP26218679962056-1786142915.jpg?resize=770%2C513&quality=80)
From: NewsFeed
More than one million affected by floods in India’s Assam state
Thousands of people in India have been displaced since July after monsoon rains triggered severe flooding.
Published On 7 Aug 2026
Will the US-Iran war and Hormuz deadlock last for months?
Will the war on Iran and Hormuz deadlock last for months? Experts analyse the obstacles blocking a lasting deal.
EXPLAINER
Iran, Oman, US ‘close’ to Hormuz deal: What do they all want?
An agreement could restore shipping through crucial waterway, paving way for peace talks between Tehran and Washington.
EXPLAINER
Why are oil companies posting record profits amid Iran war disruption?
Big Oil companies have bagged astronomical profits as the critical Strait of Hormuz remains closed.
Petrol prices strain US households as oil giants Chevron, Exxon profits soar
Low-income US households are hit hardest, spending more than 10 percent of monthly income on petrol as prices rise.
Cuba’s power grid collapses again despite restoration efforts
Cuba’s grid remains fragile after repeated collapses this year, worsened by fuel shortages tied to US sanctions.
![A man rides his bicycle down a street during a blackout in Havana on August 1, 2026. [YAMIL LAGE / AFP]](/wp-content/uploads/2026/08/AFP__20260802__C3RN68N__v1__HighRes__CubaUsSanctionsEnergyBlackout-1785728819.jpg?resize=770%2C513&quality=80)
Rubio’s bypass plan: Can the world escape the Strait of Hormuz chokepoint?
Experts warn that Marco Rubio’s Hormuz bypass plan is hindered by pipeline limits and severe Red Sea threats.
Hungary plans to shut down only nuclear power plant amid drought
Officials say they must shut down nation’s sole nuclear plant as record-low Danube water levels disrupt reactor cooling.
