Europe's energy crisis
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Europe Today
Trump tells countries to quit ICC, EU defence chief speaks to Euronews
EU defence chief speaks to Euronews as US President Donald Trump calls on every country belonging to the International Criminal Court to quit. Meanwhile, as war in the Middle East disrupts global oil supplies and refining costs soar, European consumers are feeling the pinch more and more.
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Europe News
France urges EU to relax fuel rules as oil crunch looms
In a letter to Ursula von der Leyen, Macron said the EU’s energy security has so far relied heavily on buffers — including stockpiles, refinery flexibility, weaker demand and redirected global trade — rather than addressing the underlying supply shock, according to the letter seen by Euronews.
Europe News
Explainer: How a Saudi pipeline attack is testing EU’s oil security
A prolonged disruption to Saudi supplies could force European refiners to scramble for alternative grades, potentially raising their costs or cutting fuel output. A shortage of diesel could quickly translate into higher costs for haulers, farmers, businesses and consumers.
Europe News
EU heads into G20 energy showdown with Trump, Russia and Venezuela
EU Energy Commissioner Dan Jørgensen heads to the G20 energy meeting in Houston as Brussels’ clean-energy strategy clashes with Washington’s push for “energy abundance” through greater oil and gas production. The presence of Russian and Venezuelan officials adds a further geopolitical complication.
Europe News
MEPs push tighter energy permit deadlines, setting up EU clash
The European Parliament is trying to turn permitting reform into a stronger, common EU rulebook, while capitals seek flexibility to accommodate national legal systems, environmental constraints and administrative structures, according to a document seen by Euronews.
Economy
An ECB rate hike is all but certain, the reasoning less so
The European Central Bank is all but certain to raise interest rates on Thursday, with investors pricing the move at near-total probability, but the decision is more awkward than the numbers suggest as inflation is being driven almost entirely by energy with underlying pressures actually easing.
