The EU is spending an extra $28 billion on energy imports, and answering with demand destruction, tax cuts, and a rapid clean energy shift
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Four years ago, Europe was taught a brutal lesson in energy security when Russian natural gas flows to the EU slowed to a trickle. The war in Iran has sparked an even more severe energy crisis, highlighting how a stubborn reliance on energy imports continues to dog the continent.
Nearly two months since the war in the Middle East first broke out, the Strait of Hormuz remains closed to almost all traffic, despite an ongoing ceasefire and negotiations to reopen the critical chokepoint that lock
Nearly two months since the war in the Middle East first broke out, the Strait of Hormuz remains closed to almost all traffic, despite an ongoing ceasefire and negotiations to reopen the critical chokepoint that lock
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