Economy
Energy in Europe is also at stake as Israel-Iran conflict escalates
As the Israel-Iran conflict escalates further, there is a mounting fear that natural gas fields are going to be targeted — as well as oil shipping routes. Europe’s liquefied natural gas supply would be seriously impacted, along with its economies.
Economy
Israel-Iran crisis: How vital is the Strait of Hormuz for oil market?
Tensions between Israel and Iran have raised fears of disruption in the Strait of Hormuz, a vital route for global oil and LNG. Experts warn that even the threat of closure could rattle markets and push energy prices sharply higher.
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Europe News
EU and UK underline commitment to energy transition at London summit
The president of the European Commission has underlined the need for Europe to reduce its dependence on fossil fuels at an energy security summit hosted jointly by the UK government and International Energy Agency, despite US demands for Europe to ramp up LNG imports.
Markets
European gas prices spike to 2-year highs as storage levels falter
European gas prices have surged 30% in the past month as colder weather, weak renewables, and supply concerns strain storage levels, now at their lowest since 2022. With refilling costs rising, Germany is weighing subsidies, while markets watch for potential Russian gas flows.
LNG