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Europe's Inflation Rises to 2.5% as Iran War Drives Up Energy Prices; EU Warns of Prolonged Disruption
Politicsle-mondeberlingskeFrance 24+15irozhlastvn24el-mundodelfi-ltdigi24Yahoodnevnik-bghotnews+7 more1mo ago18 sources

Europe's Inflation Rises to 2.5% as Iran War Drives Up Energy Prices; EU Warns of Prolonged Disruption

Europe's inflation rate rose to 2.5 percent in March, driven by surging fuel prices due to the war in Iran, according to official data. The European Commission has warned member states to prepare for potential prolonged energy supply disruptions and long-term market instability, as global fuel prices have surged due to the Middle East war, prompting discussions among European energy ministers for a common response.

Europe Prepares New Measures to Reduce Energy Costs
Worldiefimerida1mo ago

Europe Prepares New Measures to Reduce Energy Costs

European Energy Ministers have discussed a '2026 toolkit' to de-escalate energy prices, combining immediate measures to respond to new pressures caused by energy instability due to Middle East tensions.

Gulf states throttle oil flows as crippling shutdowns loom
Businessindex-hrYahoonaftemporiki+1cdm-me1mo ago4 sources

Gulf states throttle oil flows as crippling shutdowns loom

The export of energy resources from the Middle East has drastically fallen due to the blockade of the Strait of Hormuz, with Gulf states now throttling oil flows as crippling shutdowns loom, while G7 energy ministers refrain from releasing oil from strategic reserves despite warnings from the…

Bangladesh Faces Imminent Oil and Gas Shortage Amid Middle East War, Deepening Fuel Supply Concerns
BusinessBBCAl Jazeeracnbc+10SCMPNHK Worldjutarnji-liststraits-timesKorea Heraldchannel-news-asiaDaily SabahDaily Star BD+2 more1mo ago13 sources

Bangladesh Faces Imminent Oil and Gas Shortage Amid Middle East War, Deepening Fuel Supply Concerns

Bangladesh has deepened austerity measures and is addressing illegal fuel hoarding and panic buying, while Myanmar is experiencing long queues at petrol stations, as both countries face fuel supply concerns and price pressures exacerbated by the ongoing Middle East war and global energy crunch, with Bangladesh now struggling with rationing and the risk of running out of oil and gas.

Greek and Swedish Energy Ministers Clash Over European Power Grids
Worldnaftemporikiin-cyprusnewsbeast+1protothema-en1mo ago4 sources

Greek and Swedish Energy Ministers Clash Over European Power Grids

A heated exchange occurred between Greek Minister Papastavrou and Sweden’s energy minister during the Council of Ministers over the joint planning of electricity grids, with Papastavrou challenging his counterpart and calling for a common European strategy for energy networks.

EU scrambles to curb energy costs amid Iran war
Businessrte-news1mo ago

EU scrambles to curb energy costs amid Iran war

European Union energy ministers will meet to weigh up options to curb energy costs today, as officials draft emergency plans to temper the impact of surging oil and gas prices triggered by the Iran war.