June 2026 – Week 3
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.
Key developments we are tracking this week:
- The fallout and the impacts of the unprecedented record heat in Europe and beyond
- How the Middle East crisis drives volatility across oil, gas and electricity markets
- Policy shifts driven by the energy crisis
Latest
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.
Earlier updates
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.
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Categories: climate change, Energy, heat wave, live updates, Weather
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