ECB official calls for transition away from fossil fuels
Agencies Europe’s dependence on fossil fuel imports is a “critical vulnerability” making it harder to ensure stable prices,…
Hungary and Russia struck 12-point plan for closer ties, documents show – POLITICO
While Orbán flaunts his close ties with the Kremlin, his electoral rival, Péter Magyar, has argued this is…
Brussels warns the Spanish government that lowering the VAT on fuels goes against Community rules
BarcelonaThe European Commission has warned Spain that reducing VAT on fuels to 10%, as the government of Pedro…
5 countries ask Brussels to tax energy companies benefitting from Iran crisis – POLITICO
In the letter, the ministers argued Brussels should do as it did following Russia’s 2022 invasion of Ukraine,…
Weekly Transits Reach Highest Since War Began
(Bloomberg) — Traffic through the vital Strait of Hormuz has been picking up in the past week, with…
European ministers call for profit caps on energy companies as Iran war drives price surge | Latest News
The finance ministers of Spain and four other European countries are urging the European Union to impose a…
The Iran war is driving up inflation – POLITICO
Governments, too, face a parallel dilemma, across a region where energy costs are already cripplingly high. Voters and…
Europe’s coming energy crunch – POLITICO
“Markets are now grappling with a scenario long discussed in theory but rarely thought of as a legitimate…
Gas prices soar past $4 on average for a gallon of regular in U.S., highest since 2022 | News
NEW YORK – U.S. gas prices jumped past an average of $4 a gallon for the first time…
Cuba to receive a sanctioned Russian oil tanker, the first such delivery this year | Latest News
HAVANA – Cuba prepared on Monday to receive a sanctioned Russian tanker carrying roughly 730,000 barrels of oil,…
Iran war threatens a global recession, Finland’s Stubb warns – POLITICO
“Diplomacy is rarely a transaction,” he said. “I mean, interest can be transactional, but even then, you should…
Wall Street has its worst day since the war with Iran started and crude oil prices rise | News
NEW YORK – Stocks fell sharply Thursday, and oil prices rose as doubt took over again from hope…