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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....
Trump said US forces had "totally obliterated" all military targets on Kharg Island oil export hub, describing it in a social media post as "one of...
State media in Iran said there was no damage to any oil infrastructure on the crucial island that handles roughly 90% of Iran's crude exports.
EU economy chief says intensity and duration of the Iran war will define fallout of the crisis on Europe as global coalition agrees to the biggest...
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...
Also in this newsletter: European Commissioner for the Economy Valdis Dombrovskis tells Europe Today that a prolonged and escalating war in the Middle East could mean...
As the Iran war approaches the two-week mark, energy markets are bracing for a potential "super shock". The IRGC has repeatedly threatened to push oil prices...
Iran has begun firing barrages of drones and missiles early on Thursday as the war with the US and Israel nears the two-week mark. Air raid...
French President Emmanuel Macron also said he had "no confirmation" Iran was laying sea mines in the Strait of Hormuz.
Granting sanctions relief to Russia would be "self-defeating", Commissioner Valdis Dombrovskis said after Donald Trump's announcement.
