An association of airports told European Union officials that fuel shipments through the Strait of Hormuz had to restart within three weeks to avoid a “systemic” shortage.
Category: European Union
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White House Secures Foreign Steel for Ballroom Project
ArcelorMittal, a European steel maker, is donating tens of millions of dollars of foreign steel for President Trump’s new ballroom.
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Europe Heads for Another Energy Shock in a Vulnerable State
The region’s stores of natural gas are running at the lowest level in years, and filling them up is increasingly daunting as the U.S.-led war in Iran pushes up prices.
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The Iran War’s Economic Threat to Europe and Asia
Inflation and its consequences for growth is a growing concern for countries where memories of the 2022 energy crisis are fresh.
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Surging Energy Costs Put German Industry ‘Really in Danger’
Four years after the Russian invasion of Ukraine sent energy prices soaring, the war in Iran is posing another challenge to efforts to revive European factories.
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Trump to Target Forced Labor in Global Tariff Scheme
The Trump administration is expected to begin a trade investigation into whether dozens of countries have policies to combat forced labor.
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War-Induced Inflation Spike Looms Over Europe’s Economic Recovery
For months, the region has been encouraged by low inflation and better-than-expected economic growth. A disruption to energy supplies from the Middle East could knock it off course.
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The Unexpected Winners From Trump’s New Global Tariff
The president’s flat 10 percent tariff is most beneficial to nations that previously faced the highest rates. But it’s not clear how much that will prompt a new surge in imports.
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E.U. Pushes Ahead With South American Trade Deal Despite Legal Challenge
The provisional application of the agreement with Brazil, Argentina, Paraguay and Uruguay is intended to diversify Europe’s trading relationships.
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Europe Worries Trump Poses Threat to Its Financial and Tech Sovereignty
European leaders have been compelled to address the possibility of once-remote risks to the financial networks and technology that undergird their economies.