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Europe in Motion

Russia pocketing billions from two weeks of war in Iran, data shows

Moscow's fossil fuel earnings hit €7.7 billion in the two weeks after joint US-Israeli strikes triggered the war in Iran, as the ongoing conflict has sent global oil prices skyrocketing and led the US to ease Russian sanctions.

Business

Strikes on Gulf energy hubs threaten global LNG supply for months

Strikes on key Gulf energy sites are becoming more frequent and more damaging, beginning to unsettle supply and expose vulnerabilities across the region.

Europe Today

Watch: European Council meets today. What will be discussed - and why it will be war?

Today, 27 EU leaders meet in Brussels for the European Council. The official agenda highlights competitiveness and migration, but war overshadows it all. Your reporter does not yet know exactly what they will say. But we can certainly guess what keeps them up at night.

Business

China treads carefully on energy interests in Iran war

The Iran war is disrupting global energy flows and increasing the risk of wider regional escalation, leaving major economies such as China walking a tightrope.

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Tech News

Could rising gas prices drive more drivers toward electric vehicles?

Surging fuel prices linked to the Iran war may boost interest in electric vehicles, as drivers look to avoid volatile gasoline costs. Experts say EV owners are less exposed to oil price shocks, though electricity prices and upfront costs remain key factors. Watch the video for more.

Europe News

EU pushes back on US decision to ease sanctions on Russian oil

The Trump administration's decision to allow the purchase of Russian oil stranded at sea was met with criticism in the EU, with Merz and Costa claiming the move undermines support for Ukraine at critical moment.

Europe in Motion

As Europe imports no Iranian oil, how does the conflict impact trade?

Tensions in the Middle East have threatened to drive up inflation and energy costs despite the EU having little direct trade with Tehran.

Azerbaijan

Global Baku Forum opens with Iran war raging across the border

As a supplier of gas to the EU, Azerbaijan has been increasing its deliveries to help fill the gap from the shutdown of the shipments from the Gulf as a result of the Iran war, said President Ilham Aliyev's chief foreign policy advisor.

Economy

Oil shock splits the world: Who's gaining and who's paying the price?

As oil prices surge, one question is emerging as the key determinant of economic vulnerability: does a country sell energy, or buy it?

Europe Today

Watch: Strait of Hormuz, Iran and naval mines — an explosive mix?

The narrow Strait of Hormuz is becoming a literal geopolitical landmine. The US wants to control it, but for Iran, the waterway is its ultimate leverage. Who is up for a history lesson?

Economy

How high could Europe's inflation go if the Iran war continues?

Economists estimate that rising oil and gas prices could significantly lift eurozone inflation. Markets have already begun pricing in the risk of a rate hike in 2026.

Business

Oil prices jump after Qatar warns disruption could push crude to $150

Oil prices surged on Friday after warnings from Qatar that the war will force Gulf to stop energy exports "within days".

Europe News

What are Europe's oil route alternatives to the Strait of Hormuz?

Many European countries like Italy, Greece, Spain, Poland and Belgium rely on the Strait of Hormuz for imports or refining. Experts say the closure of this corridor will not cut off Europe’s oil supply, but will continue to drive up oil prices and disrupt markets.

Earth News

Trump Tracker: How the POTUS is gutting climate progress in 2026

Euronews Green is holding the world's most powerful man to account, by documenting all the ways he's sabotaging climate progress this year.

Iran

Why the Strait of Hormuz is crucial to global oil and maritime trade

The Strait of Hormuz is a key shipping lane linking the Gulf to global markets, with a large share of the world’s oil and gas passing through it daily. Disruptions caused by tensions between Iran, the US and Israel risk affecting energy supplies and international trade. Watch the video for more.

Markets

Oil soars as escalating Iran conflict spurs energy supply concerns

Crude prices soared on Monday as investors continue to weigh the potential impact of escalating tensions in the Middle East on the supply of energy.

Europe News

Belgium seizes Russian shadow fleet tanker in North Sea crackdown

The Belgian navy has seized a tanker suspected of busting EU sanctions on Russia, sailing under a false flag in Belgian waters. France assisted the operation, which targets Moscow's shadow oil fleet.

World News

Yerevan to receive new oil shipment in key peace deal development

Armenia is to receive 4,500 tonnes of diesel in February 2026, a key step in peace efforts that has already lowered fuel prices in the South Caucasus country.

France

French probe reveals Russian security agents on seized shadow tanker

Two Russian nationals working for a private security company were confirmed to have been onboard a tanker seized by France in September, sources told French media. The vessel was suspected to be part of the Kremlin’s shadow fleet, carrying Russian oil and gas to evade Western sanctions.

Cuba

Fuel shortages tighten grip on Cuba as US blockade deepens energy crisis

Cuba is rationing fuel as aviation authorities warn of limited jet fuel supplies. While Havana’s airport remains operational, long-haul flights face disruption. Public transport has stalled, banks reduced hours, and Mexico pledged diplomatic efforts to help resume oil shipments.