Charting the Global Economy: Oil Storms Higher on War Escalation
Iran targeted more sites in Arab Gulf states overnight and into Friday, hours after US President Donald Trump issued fresh threats against Iranian infrastructure to pressure Tehran to start peace negotiations.
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 —