Iranian officials have become reluctant to even discuss reopening the Strait of Hormuz as they focus on surviving the US-Israeli onslaught, according to a person involved in direct, high-level contacts with Tehran.
Iranian officials have become reluctant to even discuss reopening the Strait of Hormuz as they focus on surviving the US-Israeli onslaught, according to a person involved in direct, high-level contacts with Tehran.
A satellite view of the Strait of Hormuz Photographer: Gallo Images/Orbital Horizon/Copernicus Sentinel Data 2025/Getty Images
Iranian officials have become reluctant to even discuss reopening the Strait of Hormuz as they focus on surviving the US-Israeli onslaught, according to a person involved in direct, high-level contacts with Tehran.
Iranian officials have become reluctant to even discuss reopening the Strait of Hormuz as they focus on surviving the US-Israeli onslaught, according to a person involved in direct, high-level contacts with Tehran.
A satellite view of the Strait of Hormuz Photographer: Gallo Images/Orbital Horizon/Copernicus Sentinel Data 2025/Getty Images
The European Union is bracing for a protracted energy price shock after Iran crippled a vital Qatar gas plant, raising the prospect of a years-long supply crunch.
The European Union is bracing for a protracted energy price shock after Iran crippled a vital Qatar gas plant, raising the prospect of a years-long supply crunch.
The European Union is bracing for a protracted energy price shock after Iran crippled a vital Qatar gas plant, raising the prospect of a years-long supply crunch.
The European Union is bracing for a protracted energy price shock after Iran crippled a vital Qatar gas plant, raising the prospect of a years-long supply crunch.
The European Union is bracing for a protracted energy price shock after Iran crippled a vital Qatar gas plant, raising the prospect of a years-long supply crunch.
The European Union is bracing for a protracted energy price shock after Iran crippled a vital Qatar gas plant, raising the prospect of a years-long supply crunch.
European Union leaders on Thursday couldn’t break the deadlock over a €90 billion ($103 billion) loan to Ukraine, leaving some fuming over Hungarian Prime Minister Viktor Orban’s refusal to budge until he regains access to Russian oil.
European Union leaders on Thursday couldn’t break the deadlock over a €90 billion ($103 billion) loan to Ukraine, leaving some fuming over Hungarian Prime Minister Viktor Orban’s refusal to budge until he regains access to Russian oil.
A Ukrainian municipal worker is lifted on a cherry picker at the site of a recent Russian air attack in Zaporizhzhia on March 18.
The European Union is considering measures from carbon market changes to cutting energy taxes to curb prices boosted by the Middle East conflict, as concerns mount over their economic impact and increasing risks to supplies.
The European Union is considering measures from carbon market changes to cutting energy taxes to curb prices boosted by the Middle East conflict, as concerns mount over their economic impact and increasing risks to supplies.
A high-voltage electricity transmission tower Photographer: Dwayne Senior/Bloomberg
The European Union is considering measures from carbon market changes to cutting energy taxes to curb prices boosted by the Middle East conflict, as concerns mount over their economic impact and increasing risks to supplies.
The European Union is considering measures from carbon market changes to cutting energy taxes to curb prices boosted by the Middle East conflict, as concerns mount over their economic impact and increasing risks to supplies.
A high-voltage electricity transmission tower Photographer: Dwayne Senior/Bloomberg
The European Commission is considering relaxing carbon-permit supply rules and allowing more state aid as part of an emergency plan to cut spiking power prices, according to people familiar with the plans.
The European Commission is considering relaxing carbon-permit supply rules and allowing more state aid as part of an emergency plan to cut spiking power prices, according to people familiar with the plans.
Vapour rises from a flare stack and chimneys. Photographer: Luke Sharrett/Bloomberg
The European Commission is considering relaxing carbon-permit supply rules and allowing more state aid as part of an emergency plan to cut spiking power prices, according to people familiar with the plans.
The European Commission is considering relaxing carbon-permit supply rules and allowing more state aid as part of an emergency plan to cut spiking power prices, according to people familiar with the plans.
Vapour rises from a flare stack and chimneys. Photographer: Luke Sharrett/Bloomberg
The European Union’s economic heavyweights are urging the bloc to reduce its dependency on foreign payments systems and accelerate the digital euro’s rollout as they seek to boost Europe’s productivity and growth.
The European Union’s economic heavyweights are urging the bloc to reduce its dependency on foreign payments systems and accelerate the digital euro’s rollout as they seek to boost Europe’s productivity and growth.
The European Union’s economic heavyweights are urging the bloc to reduce its dependency on foreign payments systems and accelerate the digital euro’s rollout as they seek to boost Europe’s productivity and growth.
The European Union’s economic heavyweights are urging the bloc to reduce its dependency on foreign payments systems and accelerate the digital euro’s rollout as they seek to boost Europe’s productivity and growth.
The International Energy Agency agreed to discharge 400 million barrels from emergency oil reserves, its largest-ever release, as governments seek to contain a price spike driven by the Middle East war.
The International Energy Agency agreed to discharge 400 million barrels from emergency oil reserves, its largest-ever release, as governments seek to contain a price spike driven by the Middle East war.
The International Energy Agency said it sees no need yet to release emergency oil stockpiles amid the Middle East crisis, as global oil supplies are plentiful and the impact appears likely to be temporary.
The International Energy Agency said it sees no need yet to release emergency oil stockpiles amid the Middle East crisis, as global oil supplies are plentiful and the impact appears likely to be temporary.
European Union leaders will direct the bloc’s executive arm to propose measures to lower power prices to aid local industries when they meet at a summit later this month.
European Union leaders will direct the bloc’s executive arm to propose measures to lower power prices to aid local industries when they meet at a summit later this month.
Heads of government are set to ask the European Commission to examine all components of wholesale and retail electricity prices. Photographer: Simon Wohlfahrt/Bloomberg
European Union leaders will direct the bloc’s executive arm to propose measures to lower power prices to aid local industries when they meet at a summit later this month.
European Union leaders will direct the bloc’s executive arm to propose measures to lower power prices to aid local industries when they meet at a summit later this month.
Heads of government are set to ask the European Commission to examine all components of wholesale and retail electricity prices. Photographer: Simon Wohlfahrt/Bloomberg
European Union leaders will direct the bloc’s executive arm to propose measures to lower power prices to aid local industries when they meet at a summit later this month.
European Union leaders will direct the bloc’s executive arm to propose measures to lower power prices to aid local industries when they meet at a summit later this month.
Heads of government are set to ask the European Commission to examine all components of wholesale and retail electricity prices. Photographer: Simon Wohlfahrt/Bloomberg
Italy is preparing a sweeping overhaul of its electricity market that would strip carbon costs from power bills, a move that has sent shock waves through energy markets and driven a sharp selloff in forward prices.
Italy is preparing a sweeping overhaul of its electricity market that would strip carbon costs from power bills, a move that has sent shock waves through energy markets and driven a sharp selloff in forward prices.
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