Eurozone inflation accelerated to 3.2% in May as energy prices surged 10.8% due to Iran war. ECB hiked rates and signals further increases may be needed. The post Eurozone Inflation Climbs to 3.2% in May Amid Iran Conflict and... .
The head of the InternationalEnergyAgency said today that "unconditionally" opening the Strait of Hormuz to Gulf tanker traffic was essential to ending the shock from soaring oil and gas prices to economies worldwide.
The study concludes that Spain has largely decoupled electricity prices from gas market fluctuations, driven by a renewable expansion that began before the 2021–2024 energy crisis and was later ...
Spain's electricity bills have fallen while many other countries have seen a rise since the energy crisis caused by the outbreak of the Iran war ... Spain's renewables revolution will keep energy bills low even as gas prices soar.
The pace of the recovery will depend on how confident companies are that the deal between the United States and Iran will hold and be extended.| ��NYT > World > Middle East....
The global economy is facing a serious, but not unprecedented, energy crisis ... At the same time, the energy crisis makes it imperative to upgrade the policy framework for the green transition, with an emphasis on the construction and transport sectors.
This is exactly why I have repeatedly stated that energy is the lifeblood of the economy ... It is a warning that the energy crisis is spreading through the economic system and that the inflation battle is far from over.