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Economy

ECB holds rates at 2% as inflation rises and eurozone growth slows

The European Central Bank has held interest rates at 2% for a third straight meeting, even as inflation rises and growth slows across the eurozone.

Europe News

Belgium seeks control of its nuclear reactors to secure energy supply

Brussels believes the solution to soaring energy prices as a result of Russia's full-scale invasion of Ukraine and the war in the Middle East is to permanently transition away from fossil fuels.

Markets

Oil hits $126 wartime high as US–Iran standoff fuels supply fears

Oil markets face upward pressure on Thursday, with Brent crude briefly touching $126 as markets price in tensions in the negotiations between the US and Iran.

Earth News

What could the UAE’s exit from OPEC mean for the climate?

The world's third-largest oil producer has the capacity to increase its output by almost 50 per cent, according to industry estimates.

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USA

US lawmakers clash with Hegseth on Iran war and $25bn price tag

The war has cost $25 billion so far (€21 billion), according to Pentagon figures presented to the House Armed Services Committee.

Economy

US Fed leaves rates unchanged as Powell set to remain on board

A divided US Federal Reserve has held interest rates steady for a third consecutive meeting, as policymakers grapple with heightened uncertainty linked to the war in the Middle East. The decision is expected to be the last overseen by Chair Jerome Powell.

Travel News

Europe’s regional airports face ‘existential threat’ from fuel crisis

The energy crisis is compounding challenges already faced by Europe’s smaller airports, amounting to an “existential threat”.

Iran

Iran’s parliament speaker says US blockade aims at 'internal division'

Mohammad Bagher Ghalibaf, a powerful figure, has grown in prominence since the start of the war and was the lead negotiator in the so far only round of direct US-Iranian talks.

Markets

Oil prices rise despite UAE exit from OPEC amid Iran ceasefire impasse

Oil markets are navigating a period of unprecedented volatility after the UAE announced its withdrawal from OPEC and the OPEC+.

Economy

Qatar rolls out business relief package amid Iran war

Qatar has introduced new measures to maintain market stability and reinforce investor confidence as regional tensions weigh on economic sentiment.

Lebanon

Israeli strikes kill eight in south Lebanon, including rescue workers

Israel has been fighting Hezbollah since early March, sending troops into south Lebanon to battle the Iran-backed militant group, with the violence ongoing despite a shaky ongoing ceasefire.

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US military boards commercial ship suspected of attempting to evade Iran blockade

US Marines boarded a commercial vessel suspected of heading to Iran before releasing it after inspection, as Washington enforces its blockade and redirects ships in the Strait of Hormuz.

USA

US has 'no closer friends than the British,' Trump tells King Charles

Trump’s up-and-down relationship with UK Prime Minister Keir Starmer has taken a particularly sour turn over the past several months as the president has sought to rally international support for the Iran war.

Economy

Iran war to trigger largest energy price surge since 2022, report says

The World Bank’s latest Commodity Markets Outlook report predicts a 24% surge in energy prices this year as the Iran war delivers a historic shock to global supply chains.

Business

How the Iran war boosted profits at BP and Barclays

Barclays' profits rose, but loan losses weighed on its first-quarter results. At the same time, oil giant BP’s earnings jumped, largely driven by an exceptional oil trading boom linked to the Iran war.

Europe News

Louis Arnaud, former French hostage in Iran, tells his story

Speaking to Euronews, Louis Arnaud says the memories of Evin Prison continue to haunt him, as he recalls a place where captives are crammed into windowless cells and where the lights never go out.

The Cube

What do we know about claims of Iranian protesters facing execution?

US President Donald Trump claims he helped save these eight Iranian female protesters from execution, whilst social media users claim the image is AI-generated. What do we know about the women pictured?

Iran

Iran to reopen Strait of Hormuz if US lifts blockade, reports claim

Despite an ongoing ceasefire, the US and Iran are locked in a standoff over the Strait of Hormuz, through which a fifth of the world’s oil and gas trade passes in peacetime.

Earth News

How renewables are helping EU avoid the ‘price of other people's wars’

"As long as we depend on oil and gas, we will continue to pay the price of other people's wars,” said French Prime Minister Sebastien Lecornu.

Lebanon

Israel’s PM says action needed over Hezbollah rockets and drones

Hezbollah drew Lebanon into the Middle East war by firing rockets towards Israel to avenge the killing of Iranian supreme leader Ali Khamenei in US-Israeli strikes.

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