Is the war entering a new phase? Russia's attacks on Ukraine kill six after Zelenskyy-Trump talks Share Russia's attacks on Ukraine kill six after Zelenskyy-Trump talks on social media At least two people have been killed in Ukraine's capital Kyiv, along with four others in the front-line Donetsk region, as Russia pounds the country just hours after US President Donald Trump and his Ukrainian counterpart Volodymyr Zelenskyy discussed peace efforts. The rare daytime attack on Kyiv was carried out with faster and high-flying jet drones that are harder to intercept and lasted for hours from the morning into early afternoon on Wednesday, killing two and injuring more than 30 others, according to local officials. "Russia continues to turn civilian and critical infrastructure into targets: pharmaceutical facilities, gas stations, railways, communications infrastructure, and shopping malls," he said on X. Kyiv Mayor Vitali Klitschko said a Russian drone hit a nine-storey non-residential building in his city, as well as a business centre and warehouses. Ukrainian oil company Ukrnafta said Russia hit one of its petrol stations in the capital, the sixth such facility attacked in recent weeks.

The technology could strap onto existing gas turbines and make them more efficient--but it wouldn't do away with their emissions entirely. A new company has a plan to make the dirty gas turbines powering data centers more efficient: liquid carbon dioxide. American Supercritical came out of stealth Wednesday, announcing $8 million in funding. It wants to retrofit inefficient gas turbines that many data centers rely on for power with units that can generate more power, without adding more emissions (though the gas-fired turbines will continue to emit carbon pollution). The technology can also theoretically be used on a wide variety of energy sources at a time when power demand is skyrocketing.

Russia and Iran built alternative financial channels, nuclear cooperation at Bushehr and energy projects to counter Western sanctions, a nonpublic 2024-2026 roadmap reveals.

An expert says Saudi Arabia is facing "the biggest threat to their production of oil since their kingdom was founded in 1932," as tensions escalate during Iran war.

Did Iran capture a US submarine? Saudi Arabia's oil exports took another blow last week when drone attacks knocked out part of the country's East-West pipeline, halting oil flow and removing 4-5 million barrels per day (bpd) of oil from global supply. It is unclear how long repairs will take, although The Associated Press estimates three to five weeks, citing two regional officials. The 1,200km (746-mile) pipeline connects the kingdom's main oil-producing fields in the east of the country with Yanbu port on the Red Sea coast in the west, allowing Saudi crude to bypass the Strait of Hormuz, which has largely remained closed since the United States-Israel war on Iran began on February 28. As the world's second-largest oil producer, Saudi Arabia's ability to keep crude flowing has significant consequences for global energy markets.

Policymakers at the Bank of England are expected to keep interest rates unchanged despite price rises accelerating due to the prolonged conflict in the Middle East. The nine-member Monetary Policy Committee (MPC) has been meeting amid a backdrop of increasing global energy prices and interest rate rises around the world. Economists expect the MPC to hold the benchmark Bank rate at 3.75% for a sixth consecutive meeting but analysts are more divided on whether the rate will need to go up before the end of the year. The Bank rate is crucial in setting the benchmark for banks and other lenders in setting interest for individuals and businesses borrowing and saving money. The latest interest rate decision will be announced by the Bank at 12:00 BST on Thursday.

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Global energy prices have spiked alarmingly again, driven largely in recent days by the escalating conflict between Yemen's Houthis and Saudi Arabia causing chaos for the oil industry. Petrol and diesel costs have risen rapidly in most countries while the wholesale price of natural gas - used for heating homes and generating electricity - has almost doubled in the UK and Europe since July. There are growing concerns of another inflationary shock on the world economy, which could cause interest rates to rise, increase mortgage costs and raise the price of almost everything in the shops including food. So what is behind this latest surge - and what are the implications for the world economy? The global oil price is currently above $108 (£80) per barrel, up from $70 (£52) in June 2026 - a roughly 50% increase.

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Rises in petrol, diesel and airfares pushed UK inflation up to its highest level in five months in the year to August. Inflation accelerated to 3.1% from 2.9%, according to the Office for National Statistics (ONS). The cost of filling up a vehicle soared in August as the conflict in the Middle East continued to disrupt global oil supplies. Petrol prices jumped to their highest for nearly four years, the ONS said, while diesel also rocketed. Meanwhile, the cost of flying jumped during the key month for summer getaways.