👁 Fishing boats dot the sea as cargo ships, in the background, sail through the Arabian Gulf toward the Strait of Hormuz off the United Arab Emirates, Friday, March 27, 2026.

Europe News

Euronews explains: What the Strait of Hormuz crisis means for Europe

The closure of the Strait of Hormuz is rattling global markets, sending energy prices soaring and fuelling fears of supply shortages. Euronews explains:

31/03/2026

👁 European Commissioner for Energy and Housing Dan Jorgensen speaks with the media as he arrives for a meeting of EU energy ministers in Brussels, Monday, March 16, 2026.

Europe News

EU calls on member states to curb oil and gas demand

EU urges governments to boost energy savings and explore alternatives amid supply pressure, letter seen by Euronews reveals.

31/03/2026

👁 FILE - The logo of TotalEnergies is seen at the company's headquarters skyscraper in the La Defense business district in Courbevoie near Paris, France. 1 March 2023.

Business

TotalEnergies reaps $1bn windfall from Middle East oil war bet

The French energy giant is reported to have dominated the Middle East crude market in March, snapping up dozens of oil cargoes as wartime disruptions created a historic opening for traders.

30/03/2026

👁 Closing the "deterrence gap": Bundeswehr association calls for war economy

Economy

Germany's armed forces association calls for shift to 'war economy'

The German Armed Forces Association is warning of a growing Russian threat, a weakened Europe and an unreliable Washington — while the Iran conflict pours billions into Putin's coffers.

26/03/2026

👁 Hungary remains connected to Russian oil.

Europe News

EU delays proposal to ban Russian oil amid Iran war and price spikes

A law to permanently ban Russian oil from the European Union has been pushed back amid rising prices fuelled by the war in the Middle East.

24/03/2026

👁 Portugal close to energy crisis: when can it be applied?

Business

Portugal could declare an energy crisis — but what does that mean?

An existing energy crisis scenario allows the government to act directly in limiting prices, but this can only happen after an EU-level decision.

23/03/2026

👁 Flames emerge from burners on a natural gas stove.

Europe News

EU pushes early gas refills while easing storage targets on Iran war

Goal is to avoid panic buying while ensuring that EU countries' gas storage is replenished by next winter. The European Commission also told member states to refill below the 90% level set by law in 2022.

23/03/2026

👁 JJ

Europe Today

Spain is spending €5bn to lower energy costs — will others follow?

Spain's Prime Minister Pedro Sanchez just took drastic action, rolling out a €5bn energy emergency package featuring 80 different measures. What are they and will they help to cut the bills?

23/03/2026

👁 Fire and plumes of smoke rise from an oil facility in Fujairah, United Arab Emirates, Saturday, March 14, 2026.

Iran

Iran launches strikes on Gulf states day after US threatens oil assets

Bahrain, Saudi Arabia and the UAE warned people that they were working to intercept incoming projectiles, a day after Iran called for port evacuations, threatening for the first time a neighbouring country’s non-US assets.

15/03/2026

👁 French President Emmanuel Macron, center, chairs a video conference of G7 leaders to discuss the fallout of the war in Iran on the world economy in Paris, 11 March 2026.

World News

France's Macron opposed to lifting sanctions against Russia

French President Emmanuel Macron also said he had "no confirmation" Iran was laying sea mines in the Strait of Hormuz.

11/03/2026

👁 Russian President Vladimir Putin.

Europe News

'Self-defeating': EU and US clash over Russia sanctions relief

Granting sanctions relief to Russia would be "self-defeating", Commissioner Valdis Dombrovskis said after Donald Trump's announcement.

10/03/2026

👁 Prices are displayed at a petrol station with the European Central Bank in background in Frankfurt, Germany, Monday, March 2, 2026.

Europe News

Hungary demands EU lift sanctions on Russian energy as prices surge

Hungarian PM Viktor Orbán has written to EU leaders demanding a suspension of sanctions on Russian energy as energy prices surge. The European Commission has not responded yet.

09/03/2026

👁 FILE - A general arial view of Bahrain Financial Harbour is seen. 29 March 29 2021

Business

Bahrain declares force majeure as Iran sets its only refinery ablaze

Bapco Energies invoked force majeure on Monday after a strike set the Al-Ma'ameer facility ablaze, joining Qatar and Kuwait in suspending shipments as Iran escalates its attacks on Gulf energy infrastructure.

09/03/2026

👁 FILE - The Sheskharis oil terminal in Novorossiisk, in southern Russia, is seen on Thursday, Aug. 20, 2015.

Business

The country likely winning from Iran's Hormuz gambit? Russia

The world's most critical shipping chokepoint is becoming a geopolitical battleground — and Russia may be the unlikely winner.

06/03/2026

👁 FILE. Oil tanker navigating near the coast of California.

Economy

US offers India 30-day waiver to buy stranded Russian oil

The United States has issued a temporary 30-day waiver allowing Indian refiners to purchase Russian crude oil currently stranded at sea, as disruptions from the Iran conflict threaten global energy supplies.

06/03/2026

👁 FILE. Traders work on the floor at the NYSE, New York, Nov. 2022

Markets

Crypto's 24/7 platforms dominated Iran war trading when markets closed

Over the weekend, as US and Israeli strikes on Iran unfolded, decentralised crypto exchanges operating around the clock became the primary venue for real-time price discovery in oil, gold and other assets.

05/03/2026