
France’s Fuel Shortages Expose Europe’s New Energy Crisis
Three years after reducing its dependence on Russian gas, Europe is still heavily dependent on imported oil and on strategic routes. The supplier may have changed. The dependence has not.

Three years after reducing its dependence on Russian gas, Europe is still heavily dependent on imported oil and on strategic routes. The supplier may have changed. The dependence has not.

As Trump distances the U.S. from the ongoing maritime crisis, 37 nations have signed a landmark pledge to restore freedom of navigation through the Tehran-controlled Strait of Hormuz.

The former adviser to the World Bank and the IDB believes the crisis will normalize within weeks, but will leave Europe weaker and more dependent.

PM Andrej Babiš criticized Czechia’s neighbors for failing to coordinate on fuel pricing.

The speech on Iran accelerates the energy shock and leaves Washington increasingly isolated from its own allies.

Brussels avoids speaking about it openly but the ghost of the 2020 COVID-19 crisis is beginning to reappear in the corridors of the EU.

Trump’s Wednesday night speech did not add any new substantial information and the idea of putting American troops on the ground in Iran was not mentioned.

Has Iran approached Washington for a ceasefire? The President maintains that the U.S. will not negotiate while a key waterway for global trade remains blocked.

Officials say the talks aim to protect ships and crews still trapped by the closure and to restore crucial trade flows.

Brussels chief Costa urged Iran’s president to halt regional attacks and pursue diplomacy to reopen the flow of oil from the Arabian Gulf states.