Russia has vowed to respond to Washington’s “hostile actions” after the US imposed sanctions against its energy sector, saying it will continue its large oil and gas projects despite sweeping bans.

The energy sector which is seen as the driver of Iran's economic development is currently burdened by an imbalance in production and consumption which is not sustainable.

In a major conference in China, Aliabadi says Iran has some big energy investment opportunities.

French protesters have blocked a key highway around the capital Paris and ramped up industrial action in protest at the government's contentious pension reform.

Soaring profits at energy companies Shell and Centrica have been depicted as an “insult” to millions of Britons struggling with rising prices and the cost of living crisis.

Russia is likely to suspend electricity supplies to Finland this weekend as Helsinki seems adamant about pursuing its ambitious bid of joining the US-led NATO military alliance amid the raging war in Ukraine.

US President Joe Biden signed an executive order on Tuesday, slapping an immediate ban on Russian oil and other energy imports over Moscow’s military operation in Ukraine.