June 2026 – Week 3

By Anders Lorenzen

In this week’s live blog, we are taking a broader look across climate and energy, covering the key news, developments and comments.

As part of an expanded focus on real-time coverage, this live blog will continue to track developments across global energy markets, including electricity prices, oil and gas benchmarks, and renewable generation trends. But we will also track key climate news and events, including impacts such as extreme weather events as they happen.

It is updated every day throughout the week with the most significant developments around energy and climate.

Last week’s live blog can be found here.

Latest

Sunday 22nd of June 2026

22:20 GMT

Oil price: Markets could be braced for a turbulent Monday, as the barely week-old peace agreement between the US and Iran is already in doubt. Iran has accused the US of breaching the ceasefire and has again closed the Strait of Hormuz.

Earlier updates

Thursday 18th of June 2026

23:55 GMT

Heatwave: Several European countries are entering heatwave conditions yet again.

The French authorities have released 53 heatwave warnings this Friday.

Wednesday 17th of June 2026

23:15 GMT

Energy investments: Data released by IEA shows what the crisis in the Middle East has done to energy markets.

In IEA’s World Energy Investment 2026, they have tipped clean energy technologies into the leading energy sources over fossil fuels. They project that the $3.4 trillion dollars that the world will spend on energy investments in 2026, $2.2 trillion will go to clean energy, and just $1.2 trillion will go to fossil fuels.

The data released by the Paris-based agency, widely seen as the world’s most authoritative energy analysts, shows a massive shift in energy financing.

Investors and policymakers will be pondering if this is a temporary shift due to the war in Iran or whether it in fact signals a permanent trajectory.

Tuesday 16th of June 2026

10:50 GMT

Solar power: More uplifting news about the uptake of solar power in India, one of the world’s fastest-growing markets for the clean energy technology.

Data released by Nuvama, a multinational wealth company based in Mumbai, India, shows that the country’s solar capacity is set to surge by 22% each year by 2035 as the data center boom will drive increased power consumption.

Monday 15th of June 2026

12:00 GMT

Oil price: Oil futures have recorded a massive drop after US President Donald Trump announced a peace deal had been signed with Iran and the Strait of Hormuz will reopen.

A couple of hours before the opening of the US markets, Brent Crude is trading at $83 and WTI at $81. A drop of around 4% for both trademarks.

Thursday 11th of June 2026

12:00 GMT

Extreme heat: And there’s more heat. Copernicus, the UN’s climate science and satellite body, say that early heatwaves in Europe are becoming the new normal.

This comes on the back of record-setting temperatures in several European countries.

11:45 GMT

Football World Cup: As the World Cup kicks off today, more context on the climate and wider environmental impact of the tournament.

The FIFA pick of Dallas and Houston to host World Cup matches is being scrutinised as both cities are pulling water from the same stressed Texas reservoirs that just pushed Corpus Christi into a water emergency. For each match day, a stadium of that size requires 2.3 million to 3.8 million litres of water for sanitation, turf irrigation, concessions and cooling. This is being extracted from a municipal system already under pressure in extreme heat conditions, with both Dallas and Houston currently sweltering in extreme heat of 34/35 degrees C, and the forecast does not suggest any immediate relief.