Politics & Diplomacy
EU approves nearly €3 billion for Ukraine as Norway joins recovery funding
The EU Council approved nearly €3 billion for Ukraine under its reform-linked facility and added Norway’s 1-billion-kroner contribution to the…
Desk
Economy & Energy
News and analysis on the global economy, energy security, oil and gas, sanctions, trade and the economic impact of geopolitical developments.
Economy & Energy
BIS warns AI-driven market boom shows signs of vulnerability
The BIS has identified signs of vulnerability in the AI-driven market rally, while saying that financial markets are not yet…
Economy & Energy
US awards $2 billion contract to rebuild strategic tungsten stockpile
Elmet Group says a subsidiary has secured an approximately $2 billion US contract focused on rebuilding strategic tungsten reserves.
Economy & Energy
Planned Gulf–Iran meeting on Strait of Hormuz is postponed
Diplomatic efforts over navigation in the Strait of Hormuz suffered a setback after a planned Oman meeting was postponed.
Economy & Energy
Fidan promotes Gulf–Europe corridor through Syria and Turkey
Turkey’s foreign minister has promoted transport and energy links connecting the Gulf to Europe through Jordan, Syria and Turkey.
Economy & Energy
Russia says attack on fuel trucks endangered Zaporizhzhia nuclear plant
Russia’s nuclear chief said two servicemen were killed in an alleged Ukrainian strike on diesel trucks serving backup generators at…
Politics & Diplomacy
Trump urges Zelenskiy to halt strikes on Russian diesel infrastructure
The U.S. president said Ukrainian attacks on Russian diesel infrastructure were contributing to a global shortage as fuel prices remained…
Economy & Energy
Saudi pipeline outage puts up to 4% of global oil supply at risk
Saudi Arabia’s East-West pipeline shutdown has put a major Red Sea export route at risk, with traders warning that stored…
News
Strike on Iranian cargo ship near Qeshm kills one
An Iranian commercial vessel was hit near Qeshm Island in the Strait of Hormuz, leaving one person dead and three…
Economy & Energy
IEA warns oil supply shock is deepening as Gulf recovery slips to 2027
The IEA has cut its 2026 oil supply and demand forecasts as Gulf disruptions, shrinking inventories and record diesel prices…
News
Greece unveils first national maritime spatial strategy
The act of forming the National Spatial Strategy for the Marine Area, which specifies and maps the country’s Marine Spatial…
Economy & Energy
DFC Commits $125 Million to Modernize Elefsina Shipyard in Greece, Establish Critical Energy Supply Hub in the Mediterranean
ATHENS – The U.S. International Development Finance Corporation (DFC) Chief Executive Officer (CEO) Scott Nathan today signed a financing agreement for…