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The US government's Endangered Species Committee has voted unanimously to exempt oil and gas drillers in the Gulf of Mexico from protections under the Endangered Species Act. This decision, made during a rare meeting, has significant implications for vulnerable species in the region.The committee, composed of six senior Trump officials, including Secretary of Defense Pete Hegseth, argued that environmental rules could hinder US energy production, particularly during the ongoing tensions with Iran. Hegseth stated that disruptions to Gulf oil production would not only affect the US but also benefit its adversaries.The exemption is only the fourth time in US history that the Endangered Species Committee has convened, and the third time it has granted an exemption to the Endangered Species Act. Rice's whale, with only about 50 remaining, is one of the species protected by the act in the Gulf of Mexico. Other species, such as birds, sea turtles, and Gulf sturgeon, are also safeguarded.Environmental groups have strongly objected to the decision, labeling the committee a 'god squad' due to its power over species' existence. They plan to challenge the exemptions, arguing that the Trump administration failed to follow the protocols set out under the Endangered Species Act and that the rationale for the exemption is not justified by facts.This move is part of the Trump administration's broader effort to roll back environmental protections and promote pro-fossil fuel policies, despite dismissing climate change as a 'hoax'. Critics warn that this action could lead to the extinction of species, with one expert stating that Trump could be the first person in history to knowingly extirpate a species from the face of the earth.

The UK government's proposal to boost North Sea oil and gas drilling is unlikely to provide relief to consumers in the form of lower energy prices. Oil prices have surged to $100 a barrel following the US and Israel's attack on Iran, with potential increases to $150 a barrel due to supply issues in the Strait of Hormuz.Kemi Badenoch, leader of the Conservative party, has introduced a plan to 'get Britain drilling' by opening new oil and gas fields in the North Sea. However, experts argue that this will not reduce energy bills for UK consumers. Oil and gas are sold on international markets, and prices are set globally, so there is no direct discount for UK consumers.The Conservative party has previously acknowledged this, but now suggests that tax reforms and removal of VAT on bills could deliver £200 cuts to household energy bills. The plan involves scrapping the windfall tax on North Sea producers, which has raised about £12bn so far.Critics argue that the windfall tax is essential and that removing it would not stimulate production significantly. The tax does not increase prices to consumers and has the support of the International Energy Agency.Analysis suggests that redirecting tax revenues from the North Sea back to consumers would have a minimal impact on bills. A study found that households would gain only about £16 a year if tax revenues from a maximally exploited North Sea were redistributed.Badenoch's claims about job creation in the North Sea are also disputed. The sector is declining, and geology, not politics, will dictate the future of North Sea oil and gas. Most of the UK's sector has already been drained, with only about 218m tonnes of oil recoverable by 2050 from existing fields.New drilling could add only 74m tonnes of oil and 1.1% to gas production, equivalent to putting off the end of the North Sea by a year or two. Job losses in the sector are a concern, with at least 70,000 jobs lost in the decade to 2024.Experts stress that renewable energy sources are a more secure and sustainable alternative. The UK should focus on creating conditions for clean energy infrastructure to attract investment and drive growth.

The UK is set to host 35 countries, excluding the US, to discuss ways to reopen the Strait of Hormuz, a crucial shipping route for oil and gas that has been blocked by Iran. Prime Minister Keir Starmer announced that the next phase of discussions, led by the UK and France, will take place on Thursday, with Yvette Cooper, the foreign secretary, alongside international leaders.The meeting will focus on assessing viable diplomatic and political measures to restore freedom of navigation, guarantee the safety of trapped ships and seafarers, and resume the movement of vital commodities. British military planners will meet afterwards to discuss how to marshal their capabilities and make the strait accessible and safe after the fighting has stopped.The blockade has resulted in around 1,000 ships being stranded, with only about 130 ships passing through since the war began, compared to the normal daily number. The strait is a critical route, with a fifth of the world's oil and gas supplies and a third of global fertilisers passing through before the conflict.The US has not been directly invited to participate in the talks, which will include countries that signed a joint statement last month, such as the UK, France, Germany, Italy, and the Netherlands, as well as Japan, Canada, South Korea, and New Zealand. The Ministry of Defence has sent military planners to US Central Command to explore options for getting tankers through the strait.Iran's Islamic Revolutionary Guards Corps has stated that the Strait of Hormuz will remain closed to 'enemies of this nation', and US President Donald Trump has posted that there will be no ceasefire with Iran until it relinquishes control of the waterway.

Israel has unleashed a significant military operation against Iran, launching two waves of attacks on Tehran and killing a senior Hezbollah commander. The attacks have escalated tensions in the region, with Iran's president, Masoud Pezeshkian, denying claims of a ceasefire request.US President Donald Trump has claimed that Iran's leadership is seeking a ceasefire, but Iran's foreign ministry spokesperson has denied this, calling Trump's account 'false and baseless'.The conflict has resulted in at least 1,900 people killed and 20,000 injured in Iran, according to estimates from the International Federation of Red Cross and Red Crescent societies. The Israeli military has also reported that 10 of its soldiers have been killed since fighting broke out on the Lebanese front.The attacks have had significant economic implications, with the strait of Hormuz effectively closed to oil and gas tankers and other merchant shipping since the beginning of the conflict, hiking oil prices and causing critical shortages around the world.Iran's president has written to Americans, asking which of their interests are being served by this war, and stating that Iranians 'harbor no enmity towards other nations, including the people of America'. The conflict continues to escalate, with further waves of attacks reported across the densely populated centre of Israel.

The UK is bracing for a potential third inflationary shock in less than a decade as the conflict between Iran and the US threatens to disrupt oil supplies. The Strait of Hormuz, a critical waterway for global oil supplies, is at risk of being blocked, which could lead to a significant increase in oil prices. The impact of such a disruption would be felt globally, with Asia being particularly affected as it buys 80% of the oil transported through the strait. Countries in the region are already experiencing the effects, with governments imposing limits on driving and shortening working weeks to conserve energy. Populations are struggling with dramatic hikes in food prices and shortages of petrol and diesel. In Bangladesh, the government reportedly believes it will run out of oil and gas within weeks. To conserve fuel, some temples in Thailand have stopped cremations. The energy-supply storm may well hit the UK's shores just before next month's elections, prompting Keir Starmer to call Cobra meetings and Rachel Reeves to summon business leaders into Downing Street. The poorest households will be hit hardest by the inflationary shock, with food producers predicting prices will rocket nearly 10% this year. According to calculations done exclusively for this column by the Energy and Climate Intelligence Unit (ECIU), that will add £127 to the average household's annual food bill. However, the ECIU also notes that because the poorest spend proportionately more of their money on food, they will be hit far worse. The author suggests that the UK needs to adopt a more progressive approach to utility pricing, with a move away from fossil fuels and from the current system of ownership. The days of relying on a growth miracle are over, and the UK needs to focus on addressing the inequality and regressive utility pricing that will exacerbate the impact of the inflationary shock.

Energy crises do more than lift household bills; they can reshape an entire economy. In the 1970s the United Kingdom responded to oil shortages by expanding North Sea extraction and becoming a net energy exporter. Today, with a 10 million‑barrel‑per‑day supply deficit and a fifth of global LNG trade under strain, that strategy no longer offers security.The UK is now acutely vulnerable to volatile gas prices. Inflation expectations are rising, markets anticipate higher interest rates, and borrowing costs have surged to levels not seen since the 2008 financial crisis. The ripple effect is already evident in food markets, where inflation hit 3.3 % in February and could climb sharply within three months.New data reveal that the hundreds of North Sea licences granted since 2010 have added merely 36 days of extra gas production. Major oil majors such as BP are re‑emphasising oil and gas to reassure investors, while Shell continues aggressive share‑buy‑backs. The reality is clear: fossil‑fuel giants cannot be the rescue plan.Gas should no longer set the price floor for electricity. As the grid leans more on wind and solar, gas must be treated as a backup resource, compensated with a fixed or regulated price rather than wholesale market volatility. Research from University College London and Common Wealth outlines a practical model for this approach.Beyond market reforms, households need a safety net. An essential energy guarantee—a capped, affordable band of consumption for every home—mirrors schemes adopted in Austria, the Netherlands and Poland after the 2022 crisis and would be more targeted than the current blanket price‑support guarantee.Similarly, a protected basket of staple foods, backed by long‑term procurement and direct support for domestic producers, could stabilise prices. France’s 2023 anti‑inflation shopping‑basket experiment offers a template, and the UK already supplies over 60 % of its own food, though it remains dependent on imports for fruits, vegetables, rice and fertilisers.The long‑term solution lies in renewable power. Record wind generation this year has already reduced gas‑fired output, while consumer interest in solar panels, batteries and heat pumps is soaring. A typical solar‑plus‑battery system can slash a household’s electricity bill to under £2 per month, and electric‑vehicle owners can save more than £1,000 annually on fuel costs.To unlock these savings, the government must back financing mechanisms such as zero‑interest loans, subscription‑style purchases for solar and heat‑pump kits, and leasing schemes for electric vehicles. On a larger scale, a dual‑interest‑rate policy—standard rates for the broader economy and preferential, low‑cost funding for clean‑energy projects—could mirror the green‑lending models already used by China’s central bank and the Bank of Japan.In short, the United Kingdom faces a decisive moment. The 1970s taught that energy shocks can remake a nation; the question now is whether the UK will seize this crisis to protect living standards and build a resilient, low‑carbon energy system for the decades ahead.

The UK government is facing growing pressure to address the looming energy crisis sparked by the Iran war. Despite the £117-a-year cut to household utility bills announced in the autumn budget, energy costs are expected to rise again in the summer. The latest forecast from consultancy Cornwall Insight estimates the cost of a dual-fuel bill will rise by 17.6% from July.Labour ministers have been urging people to 'keep calm and carry on,' but critics argue that this message may be underplaying the scale of the challenges ahead. Andrew Sissons, director of the climate programme at Nesta, says the reality is that the global supply of oil and gas is going to be down by maybe 20%, and everybody needs to consume less.The government is trying to balance the need to address the cost of living crisis with the risk of sowing panic and denting consumer confidence. However, experts argue that a more nuanced message, such as 'keep calm but cut down,' could be more effective in encouraging people to reduce their energy consumption.Jill Rutter, of the Institute for Government thinktank, suggests that people can take steps to manage down their consumption, such as being more efficient and switching to clean electricity. The government is also facing pressure to reconsider its plans to reverse the Tories' 5p cut to fuel duty.As the conflict continues, the 'keep calm and carry on' message may sound increasingly adrift from reality. The government must navigate the challenges of addressing the energy crisis while avoiding panic and maintaining consumer confidence.

The United Nations Development Programme (UNDP) released a stark assessment on Tuesday, projecting that a four‑week US‑Israel conflict with Iran could slash Arab regional GDP by 3.7 % to 6 %. In monetary terms, the loss translates to a contraction of $120 billion to $194 billion, marking one of the deepest economic shocks in recent Middle‑East history. UNDP’s regional director, Abdallah Al Dardari, warned that the downturn would likely eliminate 3.7 million jobs and drive around four million additional people below the poverty line. He described the situation as exposing the “fragility of the Arab economy.” The analysis is based on a scenario of a “short but intense conflict lasting for four weeks.” Should hostilities extend beyond that window, the economic fallout could be even more severe, especially as Iran’s attacks on Gulf energy infrastructure tighten oil and gas flows through the Strait of Hormuz. Amid tightening supplies, Brent crude futures surged 4.7 % to over $118 per barrel. The report highlighted that disruptions to “strategic maritime corridors” generate “knock‑on effects on inflation, trade flows, and global supply chains,” threatening the livelihoods of interconnected economies across the region. Poverty spikes are expected to be most pronounced in the Levant and in “fragile” states such as Sudan and Yemen, where baseline vulnerability is already high and economic shocks translate quickly into welfare losses. Lebanon faces a compounded crisis after Hezbollah’s retaliatory strikes against Israel, following the US‑Israeli killing of Iran’s Supreme Leader Ayatollah Ali Khamenei on 28 February. Ongoing air strikes, evacuation orders, and widespread destruction of residential areas, transport networks, and public services have triggered large‑scale displacement. Al Dardari concluded with a plea: “We hope the fighting will stop tomorrow, as every day of delay has negative repercussions on the global economy.”

Coordinated strikes by United States and Israeli forces hit Tehran, Isfahan and several other Iranian cities on Tuesday, prompting widespread power outages and extensive damage to civilian sites. The Ministry of Energy confirmed that shrapnel from the raids ruptured a primary power‑transfer line, but the outage was restored within a few hours. Among the most critical targets was the Tofigh Darou pharmaceutical complex in the Karaj industrial zone. The facility, which supplies over 90% of Iran’s domestically produced medicines—including cancer and multiple‑sclerosis treatments—sustained heavy damage from multiple projectiles. In central Iran, Isfahan endured a barrage of heavy bunker‑buster bombs over a nearby mountainous area, likely aimed at military installations. The explosions triggered secondary blasts that illuminated the night sky and produced reverberating shockwaves across the city. North‑west of Tehran, in Zanjan, a building identified as the administrative department of the Hosseinieh Azam religious centre was struck, resulting in at least four fatalities and several injuries. Iranian authorities now claim that more than 2,000 people have been killed by US‑Israeli attacks since the conflict erupted on 28 February, with residential blocks, schools, hospitals and historic sites also affected. Additional targets this week included civilian nuclear facilities, major steel producers, petrochemical plants, and the Iran University of Science and Technology, where an imaging satellite was developed. A professor linked to Iran’s missile programme and his two children were assassinated at their home in northern Tehran. U.S. President Donald Trump reiterated threats to strike Iran’s oil and gas infrastructure, power plants and water‑desalination facilities. Despite the onslaught, the Islamic Revolutionary Guard Corps (IRGC) continues to project defiance. A spokesperson for the Khatam al‑Anbiya Central Headquarters declared that Tehran’s adversaries are “humiliated and on the path of destruction,” while senior commander Ali Fadavi warned that American warships are vulnerable and allegedly transmit false transponder signals. The IRGC also released footage of ballistic missiles aimed at Israel and surrounding nations, and claimed to have downed two U.S. MQ‑9 Reaper drones, promising retaliatory strikes against technology firms linked to the United States and Israel. Domestically, the judiciary announced the execution of two members of the foreign‑based Mojahedin‑e‑Khalq (MEK) group, labeling them terrorists. This follows a series of recent executions tied to the January protests and broader dissent. Authorities also issued new indictments against roughly 200 individuals accused of assisting the U.S. and Israel, including alleged “mercenaries” who disseminated strike footage abroad. Penalties for national‑security offenses now encompass asset confiscation and capital punishment. President Masoud Pezeshkian convened his first cabinet meeting since the war’s onset in a makeshift, blue‑covered space, emphasizing that any peace negotiations will safeguard Iran’s “dignity, security and national interests.” Israel’s Channel 14 reported that Pezeshkian sought greater negotiating leverage with the United States, a request allegedly rebuffed by IRGC chief Ahmad Vahidi.