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Economy

Moody's says US recession increasingly 'hard to avoid' amid Iran war

Moody’s Analytics model forecasts a 49% chance of a US recession in the next 12 months, the closest probability in years.

Business

Tankers still cross Strait of Hormuz as Iran controls who gets through

Dozens of ships are still navigating the Strait of Hormuz as Iran keeps oil flowing, despite continued attacks aimed at one of the world’s most critical trade routes.

Iran

Iran vows to retaliate as Israel continues targeting leadership

Israel killed another top Iranian official in its campaign against Iran's leadership, and reportedly attacked an Iranian offshore natural gas field Wednesday amid the war's escalating pressure on the region’s economic lifeblood: energy.

EU.XL

Is the EU’s Grids Package the answer to energy independence?

Energy prices are spiking after the Strait of Hormuz closure, bringing Europe’s vulnerabilities back into focus and turning attention to the EU’s planned Grids Package. Watch the video.

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France

Macron says France could join Hormuz mission once situation 'calmer'

The French president rejected US President Trump's calls for immediate action to reopen the key oil route, but said an international escort mission could be considered once fighting subsides.

Economy

Hormuz tensions threaten Asia's energy lifeline as crisis deepens

Countries across Asia are scrambling to contain surging energy costs and fuel shortages as disruptions in the Strait of Hormuz threaten supplies.

Markets

Iran war: Europe's corporate winners and losers revealed

As the conflict in Iran enters its third week, the market is telling a stark story — one of energy windfalls and industrial ruin, drawn along a single fault line: proximity to oil.

Iran

Leaving NATO is 'something we should think about,' Trump says

On Monday, Trump warned that NATO faces a "very bad future" if allies didn't respond to his call to create an international naval police force to keep the key waterway open.

Europe Today

Newsletter: Europe resists US pressure to help open Strait of Hormuz

Also in this newsletter: European Commissioner for the Mediterranean Dubravka Šuica and Finnish Foreign Minister Elena Valtonen speak to Europe Today.

EU.XL

Can the Grids Package free the EU from its energy dependence?

US-Iran tensions disrupt Middle East energy routes, driving up oil and gas prices. After the 2022 energy crisis, Brussels launched the Grids Package. Can this plan cut Europe’s reliance on foreign energy?

Europe News

Kallas says 'no appetite' to shift mandate of EU Hormuz naval mission

The EU's foreign affairs ministers gathered in Brussels a day after US president Donald Trump increased pressure on the bloc to help protect the Strait of Hormuz, warning that NATO faces a “very bad” future if its members fail to come to Washington’s aid.

Europe News

Why is the Strait of Hormuz critical to Europe?

The closure of the Strait of Hormuz is affecting energy prices for industries and households, but the vital trade passage also accounts for a significant share of fertiliser shipments, threatening long-term food production. Euronews' explainer goes through the main issues affecting the Strait.

Economy

Hormuz becomes world's costliest waterway after 300% premium surge

Missile threats, soaring insurance premiums and suspended voyages are reshaping the trade that once went through Hormuz — and consumers will feel it within weeks.

Economy

Oil prices rise as Trump presses allies to secure the Strait of Hormuz

Oil prices continue to rise as the Iran war enters its third week, with President Trump pushing allies to help secure the Strait of Hormuz as investors react to threats facing Middle Eastern export facilities.

Europe News

Kallas eyes EU naval mission shift to protect Strait of Hormuz

The EU's 27 foreign ministers meet in Brussels to discuss ways to secure the Strait of Hormuz, as US President Donald Trump urged allies to help open the waterway or face a “very bad” future within NATO.

Iran

Trump says unclear if Iran's leader Mojtaba Khamenei is 'dead or not'

Speaking in the East Room of the White House, Trump said that the “powerful military campaign” in Iran is continuing and that all of Iran’s military has been “obliterated.”

Europe Today

Newsletter: EU ministers to mull bolstering naval mission

Also in this newsletter: Belgian Prime Ministers calls on Europe to cut deal with Russia on war in Ukraine, and EU diplomats expect tensions over the closed Druzhba pipeline to play out until after April's Hungarian elections.

USA

Watch: Trump warns US ‘will remember’ countries that don’t help secure the Strait of Hormuz

Donald Trump said the US is in talks with other countries to help police the Strait of Hormuz and keep it open to shipping, warning that NATO allies should support the effort as Washington has backed them on Ukraine.

Iran

Trump says he is assembling coalition to police Strait of Hormuz

Trump says attacks on Iran could last several more weeks despite soaring energy costs. The US president says he is assembling a coalition to help police the Strait of Hormuz and escort stranded oil vessels out to address international energy supply crises caused by the war.

United Arab Emirates

UAE will oppose Iran’s 'nihilism,' minister tells Euronews

For policymakers in Abu Dhabi, the ongoing crisis is viewed as another test of a development model that has enabled the UAE's rapid expansion over the past five decades.

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