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European Gas Set for Weekly Gain With US-Iran Deal Still Elusive
Gas storage in Germany. Photographer: Krisztian Bocsi/Bloomberg
European Commission responds to Italy's call for energy cost relief flexibility
The measures indirectly address Italy's request that the Commission relax its fiscal rules to allow member states to tackle rising energy prices without incurring excessive debt and risking penalties. The European Commission is set to allow limited energy-related spending from fiscal rules to give EU countries more leeway to address soaring prices. The measures announced by the EU executive on Wednesday are an attempt to reassure fiscally conservative capitals struggling with skyrocketing...
Newsletter: The bloc’s budget gameplay
As the 2026 FIFA World Cup officially kicks off in Mexico on Thursday, the European Union is attempting to figure out it's own on-field strategy for combatting finance crunches triggered by energy shocks and shifting geopolitics. Angela Skujins with your Thursday newsletter, where dollar signs are beaming from all corners of the bloc. But before we get into the money weeds, it is a mammoth day for international football fans.
Hormuz closure sparks global pitchfest on energy
Multiple countries are pitching the Trump administration on how they can offer alternatives to the energy crisis the Iran war has sparked over the Strait of Hormuz. They’re hoping to get political backing and financial support in Washington. And they appear to be knocking on an open door.
Solar Energy Saves Europeans $135M a Day
Solar Energy Saves Europeans $135 Million A Day Support CleanTechnica's work through a Substack subscription or on Stripe. You would think the fighting in the Middle East and the closure of the Strait of Hormuz would be sending the price of oil and methane for power plants in Europe soaring, and cause the price people and businesses pay for electricity to increase. You would be right, except for one thing.
How solar has saved Europe €136 million per day since the start of the Iran war
A new analysis found that Europe’s existing solar fleet has already saved the continent billions in 2026. Solar is helping to rescue Europe from the crippling costs of fossil fuel imports, as the war on Iran continues to keep oil and gas prices sky-high. Brent crude, which is used as the worldwide benchmark for oil prices, remains particularly volatile due to Iran's stranglehold on the Strait of Hormuz, a vital passage which usually carries around one-fifth of global oil supplies.
Brussels set to unveil plan to lower electricity bills amid energy crisis
The upcoming legislation will propose to have electricity taxed more favourably than gas, reform network charges and encourage the mass deployment of digital devices to track energy consumption in real time, according to a document seen by Euronews. Faced with rising energy costs, geopolitical instability and mounting pressure on Europe's power grids, the European Commission wants to make electricity taxation more favourable than natural gas in a bid to lower bills, according to a document...
Putin issues warning to Armenia over European ambitions ahead of election
Putin issues warning to Armenia over European ambitions ahead of election The Russian leader issued the warning before a parliamentary election in Armenia on Sunday - Bookmark - CommentsGo to comments President Vladimir Putin has read long-term ally Armenia the riot act: persist in wanting to join the European Union and you can kiss goodbye to cheap Russian oil and gas. The Russian leader issued the warning before a parliamentary election in Armenia on Sunday, which polls suggest the party...
Commentary: The Strait of Hormuz is getting less dire by the day
Commentary: The Strait of Hormuz is getting less dire by the day The longer we go without oil from the Persian Gulf, the less we’ll need it, says Christopher Smart for the New York Times. NEW YORK: Whatever peace agreement the United States and Iran may cobble together, there will be no quick return to pre-war energy flows through the Strait of Hormuz. Even after the mines are cleared, it will take a brave tanker captain to trust that the passage is once again secure - and higher insurance...
Ukraine Is Not Losing. Russia Is Not Winning.
In a field outside of Kyiv last weekend, a van was parked discreetly behind some trees. Inside the van there were no passenger seats, just a long desk, two office chairs, two laptops, extra screens. Outside appearances to the contrary, this was a mobile drone-interceptor base, one of hundreds of similar vehicles now scattered around Ukraine.