https://knews.kathimerini.com.cy/en/news/us-to-pay-nearly-$1-billion-to-kill-wind-project-just-as-oil-prices-skyrocket
In an almost too ironic twist, the Trump administration announced it will pay French energy giant TotalEnergies nearly $1 billion to scrap plans for offshore wind farms on the US East Coast, just as global oil and gas prices spike due to the conflict in Iran....
https://knews.kathimerini.com.cy/en/business/several-major-airlines-have-cut-flights-as-fuel-costs-soar
Major airlines around the world are canceling flights as the ongoing conflict in Iran drives oil prices to historic highs, forcing carriers to rethink operations and route schedules....
https://knews.kathimerini.com.cy/en/business/government-prepares-energy-relief-measures-as-crisis-reaches-households
The energy crisis triggered by the war in the Middle East has now reached the doorstep of every Cypriot household. Like other European governments, Cyprus is one step away from rolling out measures aimed at tackling soaring energy costs and the wider cost-of-living squeeze....
https://knews.kathimerini.com.cy/en/news/no-clear-leader-as-polls-shake-up-cyprus-election-race
Political parties are increasingly moving to the rhythm of opinion polls, both public and private, as Cyprus heads into the final two months before voters go to the ballot box....
https://knews.kathimerini.com.cy/en/news/fuel-and-heating-oil-prices-soar-in-cyprus-petrol-could-top-€2-per-liter
Daily attacks targeting the world’s fuel supply lifeline in the Arabian Gulf have triggered an energy shock whose effects are expected to outlast the fighting itself in Iran....
https://knews.kathimerini.com.cy/en/news/business-as-usual-for-easter-travel
Cypriots will be packing their bags this Easter season as well, even in wartime conditions, carrying a small dose of uncertainty and insecurity. This year’s Easter, which falls on April 12, finds Cypriot travelers facing a different international environment...
https://knews.kathimerini.com.cy/en/news/fuel-prices-set-to-rise-again-as-war-driven-costs-mount
Another jump in fuel prices appears inevitable for Cyprus, the head of the island’s gas station association warned Thursday, as global tensions continue to push energy costs higher....
https://knews.kathimerini.com.cy/en/news/cyprus-urged-to-prepare-for-economic-fallout-from-iran-tensions
Cyprus may soon start feeling the economic fallout from rising tensions involving Iran, with the country’s Fiscal Council warning that global developments could translate into higher prices and fresh pressure on households and businesses at home....
https://knews.kathimerini.com.cy/en/news/80-year-old-caught-transporting-200-liters-of-fuel-at-checkpoint-crossing
Authorities at the Agios Dometios checkpoint intercepted an elderly driver transporting a significant quantity of fuel during routine inspections on March 19, 2026....
https://knews.kathimerini.com.cy/en/business/cyprus-electricity-prices-to-rise-from-may-possibly-up-to-20-by-summer
Electricity tariffs in Cyprus are expected to rise in the coming months, with initial increases likely in May and the potential for significantly higher costs by late summer....
https://knews.kathimerini.com.cy/en/comment/opinion/the-global-economy-is-facing-severe-turbulence
The Strait of Hormuz is the only maritime passage into the Persian Gulf. The de facto disruption of normal shipping through the Strait of Hormuz caused demand to fall by 80 percent, left oil tankers idle, and forced a halt to oil production because storage capacity is limited. ...
https://knews.kathimerini.com.cy/en/news/oil-prices-bounce-back-in-asia-amid-middle-east-tensions
Oil prices rebounded in early Asian trading Tuesday, reversing some of yesterday’s losses as ongoing Middle East tensions and supply concerns outweighed the impact of strategic reserve releases....
https://knews.kathimerini.com.cy/en/news/burned-russian-lng-tanker-drifts-toward-malta-after-mediterranean-explosions
A heavily damaged Russian liquefied natural gas tanker has been drifting in the Mediterranean and is approaching waters near Malta, raising environmental and security concerns among regional authorities....
https://knews.kathimerini.com.cy/en/business/return-to-single-buyer-electricity-market-proposed-for-cyprus
A debate has emerged over the structure of Cyprus’s electricity market after Odysseas Michaelides suggested that electricity prices could fall if the country returned to a centralized purchasing system dominated by the Electricity Authority of Cyprus (AHK)....
https://knews.kathimerini.com.cy/en/news/cyprus-weighs-energy-measures-if-oil-prices-climb-above-$100
The situation in the Middle East is raising concerns, while Europe says it is preparing for a longer period of instability that could include disruptions in shipping, higher energy prices, and inflationary pressures. These remarks were made Monday in Brussels by Eurogroup President Kyriakos Pierrakakis in the presence of Kathimerini, noting that energy remains at the center of attention....
https://knews.kathimerini.com.cy/en/news/facing-the-harsh-reality-of-the-foot-and-mouth-crisis
The arrival of European Commissioner for Health and Animal Welfare Oliver Várhelyi in Cyprus brought a decisive end to livestock farmers’ request that animals not infected with foot and mouth disease be spared on farms where cases have been detected....
https://knews.kathimerini.com.cy/en/business/cyprus-narrows-trade-gap-as-exports-rise-and-imports-fall
Cyprus may be small, but its trade numbers are starting to send a big signal: the island is buying less from abroad while selling more of its own products overseas, a mix that could help ease pressure on the economy....
https://knews.kathimerini.com.cy/en/news/strong-year-for-aegean-as-profits-climb-to-€147-8-million
AEGEAN announces its operating and financial results for fiscal year 2025, confirming its consistent growth path....
https://knews.kathimerini.com.cy/en/comment/opinion/politics-blog-$200-oil-camels-and-political-drama
Iran warns us to brace for $200-a-barrel oil. ''Let those who pay in dollars worry,'' a friend said, with as much understanding of the global economy as Fidias himself. Joking aside, we should be the ones stressing. ...
https://knews.kathimerini.com.cy/en/news/iea-releases-record-oil-reserves-but-cyprus-may-still-face-rising-fuel-prices
A record release of emergency oil reserves by the International Energy Agency (IEA) is meant to calm global markets shaken by Middle East tensions, but experts warn the move may not be enough to prevent higher fuel prices in Cyprus....
https://knews.kathimerini.com.cy/en/business/shipping-costs-surge-as-iran-war-sparks-new-global-price-shock
The war in Iran and the broader geopolitical turmoil it has triggered are fueling a new and sharp surge in global shipping costs. ...
https://knews.kathimerini.com.cy/en/news/oil-prices-climb-past-$116-amid-middle-east-tensions
Oil prices are surging at a pace not seen in years, rattling global markets as the war in the Middle East fuels fears of a major energy supply crisis....
https://knews.kathimerini.com.cy/en/news/panic-buying-hits-supermarkets-as-middle-east-tensions-continue
Panic buying swept through Cyprus’ retail market at the start of the week, as anxious consumers rushed to supermarkets amid growing tensions in the Middle East and reports of attacks near the British bases at RAF Akrotiri....
https://knews.kathimerini.com.cy/en/comment/opinion/1-if-not-now-when
The unprecedented crisis our country is experiencing because of the war in the Middle East has revealed just how operationally unprepared we are to manage tensions that may arise....
https://knews.kathimerini.com.cy/en/news/swift-european-military-response-to-defend-cyprus-shows-eu-security-autonomy-says-costa
The European Union’s ability to act quickly to protect one of its member states was demonstrated by the recent deployment of military forces to Cyprus, European Council President António Costa said on Friday evening....
https://knews.kathimerini.com.cy/en/news/strait-of-hormuz-crisis-leaves-35-000-sailors-and-cruise-passengers-stranded-in-gulf
About 20,000 merchant sailors and roughly 15,000 cruise passengers are currently unable to leave the Arabian Gulf as tensions between the United States and Iran threaten maritime traffic through the Strait of Hormuz, according to the United Nations’ shipping agency....
https://knews.kathimerini.com.cy/en/news/russia-weighs-redirecting-gas-away-from-europe-while-iran-conflict-pushes-energy-prices-higher
Russian President Vladimir Putin has indicated that Moscow could suspend natural gas deliveries to Europe if current market conditions persist, as global energy prices climb amid intensifying tensions involving Iran....
https://knews.kathimerini.com.cy/en/news/middle-east-war-pushes-oil-and-gas-prices-higher-raising-fears-for-consumers
The war in the Middle East is shaking the global energy market and pushing fuel prices higher, raising concerns that ordinary consumers, especially in Europe, will soon feel the impact....
https://knews.kathimerini.com.cy/en/news/elite-greek-fighter-jets-arrive-in-cyprus-to-bolster-air-defenses
Athens has deployed some of the most advanced fighter aircraft of the Hellenic Air Force to Cyprus in a move aimed at reinforcing the air defense umbrella of the Republic of Cyprus....
https://knews.kathimerini.com.cy/en/news/wave-of-iranian-travelers-enters-turkey
Large numbers of Iranian nationals crossed into Turkey on Monday afternoon, according to a Reuters witness, as the conflict involving the United States, Israel, and Iran intensified. Several arrivals described growing anxiety in Iran’s capital and long lines forming at fuel stations....
