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Europe News
Energy prices set to rise as last Gulf Tankers reach Europe
Energy analysts have warned of surging energy prices beyond already elevated levels, as the last vessels carrying oil and natural gas from the Strait of Hormuz before the conflict have reached Europe. Supply forecasts for oil and gas remain optimistic as US deliveries are expected.
Europe News
Péter Magyar walks line between Brussels and Beijing on China trade
The Hungarian leader, who won a landslide election last Sunday, does not plan a major policy reversal on Hungary's trade relation with China. However, he has pledged to align more closely with EU rules, balancing ties with Beijing and growing pressure from Brussels.
Europe Today
Risk of ‘serious’ economic shock if Iran war drags on, EBRD chief says
Odile Renaud-Basso says the current scenario will dampen growth and push up inflation in the countries where her institution operates, but that the economic repercussions of a drawn-out war will be “much more serious.”