Iran’s military may be decimated, but it’s winning the energy war as it controls who gets cargoes through the Strait of Hormuz
Fortune
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The war of attrition in Iran could lead to an Iranian "major victory" if the U.S. withdraws without controlling commerce.
Hormuz crisis hits global fuel
- European ministers call for profit caps on energy companies as Iran war drives price surge The Independent —
- European ministers urge EU to impose windfall taxes on energy companies as prices spike ‘to ensure that this burden is distributed fairly’ Fortune —
- European drivers choke on rising diesel prices due to Iran conflict France 24 —
- Five EU States Call for Energy Windfall Profit Tax, Reuters Says Bloomberg —
- Fuel stations bracing for demand surge after Easter breaks amid 'shortage' threat Mirror —