Oil Market Loses Its Safety Net as Iran Conflict Reignites
The global oil market is much more exposed to the latest re-escalation in the Middle East, as most…
Starmer hails ‘huge win’ as Britain secures Gulf trade deal – POLITICO
However, the digital chapter does not include a dispute settlement mechanism, meaning the data localization commitments are not…
‘Summer should be fine’ as Europe’s jet fuel fears ease – POLITICO
“Our fuel suppliers as recently as this week have confirmed they expect no supply disruption right out to…
Top ECB official warns oil shock may force interest rate hikes – POLITICO
Determined not to repeat the mistakes of 2022, Demarco said policymakers must stop higher energy costs from feeding…
NATO backs renewables as solution to energy security, despite US skepticism – POLITICO
“By diversifying the energy sources, and routes, on which our Alliance depends — including through use of alternative…
Iran war pushes Portugal to halve fossil fuel use over next 10 years – POLITICO
While this target has been in the works for a while, the center-right government has accelerated its planning…
Europe doesn’t know how much fuel it has – POLITICO
Europe’s gas stocks, for a start, were already low before the attack on Iran, averaging under 30 percent…
European airlines will fail if jet fuel costs stay high, Ryanair CEO says – POLITICO
Airlines are already feeling the squeeze. Lufthansa said last Tuesday it would cut 20,000 short-haul flights through October…
Asia’s great disconnect: Markets boom as Iran war fuels cost of living crisis
Markets in Tokyo and Seoul have hit record highs, while in Manila jeepney drivers went on strike last month to protest surging fuel…
3 scenarios for Europe’s summer travel season – POLITICO
“But if this continues for a couple of more weeks, it won’t be a matter of price; it…
France freezes €6B spending this year because of Middle East crisis – POLITICO
Finance Minister Roland Lescure was quick to insist that the freeze would not inevitably lead to spending cuts,…
Airlines cancel flights, ground planes as jet fuel shock hits Europe – POLITICO
The German group also cited rising costs linked to recent strikes, which on Wednesday overshadowed the airline’s 100th anniversary…