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Europe Today
Energy commissioner teases new measures as energy prices spike
EU energy chief says the executive can do more to abate prices while calling on member states to cut taxes on electricity immediately. Oil and gas prices have soared as a result of the war in Iran and its retaliation on the Gulf countries, halting the flow of energy along the Strait of Hormuz.
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Markets
Oil steadies as IEA and G7 move to release record reserves
Oil is trading flat in expectation that the International Energy Agency could trigger the largest-ever release of oil reserves, exceeding the 182 million barrels in 2022 after Russia’s invasion of Ukraine. The G7 will also meet on Wednesday to discuss using the reserves.
Iran
US says it destroyed Iranian mine-laying vessels near Strait of Hormuz
Washington says it has destroyed 16 Iranian mine-laying vessels near the Strait of Hormuz, after Tehran threatened to not allow oil to pass through the waterway, through which a fifth of the world’s crude flows. Israel and Iran have also launched fresh attacks early on Wednesday, as the war enters i
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Von der Leyen 'acting outside of competence,' Araud tells Euronews
Gérard Araud told Euronews Ursula von der Leyen is overstepping her mandate on foreign policy as Commission chief and pushing a German line on the 27. While not historically a competence of the Commission, von der Leyen is establishing her own line on geopolitics - not without friction.
Qatar
Qatar warns the world Iran war could yield 'catastrophic results'
“This is the biggest I told you so in the history of I told you sos in the world,” Qatari Foreign Ministry spokesman Dr Majed Al-Ansari told the media in a striking statement directed to all active combat forces in the Iran war just as a new wave of Iranian attacks triggered air raid alerts in Doha.
World News
Estonian minister says 'unpredictability' the biggest economic danger
At a meeting in Brussels on Tuesday, the 27 EU finance ministers considered the economic consequences of the war in Iran. Interviewed by Euronews, Estonian Minister Jürgen Ligi said he believed the bloc could rise to the challenge.
Australia
Protesters block bus carrying Iranian women’s team in Australia after five players granted asylum
Australia granted asylum to five members of Iran’s women’s soccer team visiting for a tournament as the Iran war began. Outside the team’s hotel, protesters tried to block a bus believed to carry other players. It remains unclear what will happen to the rest of the team.
The Iran war refers to the ongoing military confrontation involving Iran, Israel and the United States, with fighting and tensions spreading across the region — stay up to date on the latest developments as the situation unfolds