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How the Strait of Hormuz standoff flipped the energy security debate

How the Strait of Hormuz standoff flipped the energy security debate

In this picture obtained from Iran’s ISNA news agency on June 1, 2026, Iranians sit on Suru Beach in Bandar Abbas along the Strait of Hormuz. Amirhossein Khorgooei | Afp | Getty Images HELSINKI, Finland — Iran’s influence over the strategically vital Strait of Hormuz has inadvertently transformed the energy security debate, effectively casting fossil … Read more

Anthropic to offer EU access to its advanced Mythos model

Anthropic to offer EU access to its advanced Mythos model

In this photo illustration, the Anthropic logo is seen on a smartphone with a Claude mythos logo in the background. Sopa Images | Lightrocket | Getty Images Anthropic is sharing access to its most advanced AI model Mythos with the EU after the region sought access over months due to cybersecurity concerns. The European Commission … Read more

Russian drone hits apartment block in NATO state Romania; EU prepares fresh sanctions against Moscow

Russian drone hits apartment block in NATO state Romania; EU prepares fresh sanctions against Moscow

Police and forensic investigators examine the location of impact after a Russian drone struck an apartment building in Galati, western Romania. Daniel Mihailescu | Afp | Getty Images A Russian drone collided with an apartment building in Romania, a NATO member state, early on Friday morning. Romanian President Nicușor Dan said in a post on … Read more

ECB ‘will do what is necessary’ to tame inflation, Bank of France governor tells CNBC

ECB ‘will do what is necessary’ to tame inflation, Bank of France governor tells CNBC

The European Central Bank “will do what is necessary” to keep inflation on target, one of its top policymakers has told CNBC. Speaking to CNBC’s Lisa Kim in Singapore on Tuesday, Bank of France Governor Francois Villeroy de Galhau sought to reassure sovereign debt markets that central bankers in Europe were committed to minimizing the … Read more

Stellantis’ Leapmotor partnership points to a wider — and riskier— industry gamble

Stellantis’ Leapmotor partnership points to a wider — and riskier— industry gamble

Eric Haan, director of the Stellantis Poissy plant, poses for a portrait next to cars at the Stellantis multinational car manufacturer’s plant in Poissy, west of Paris, on April 15, 2026. Simon Wohlfahrt | Afp | Getty Images LONDON — A recent tie-up between Jeep maker Stellantis and China’s Leapmotor is seen as a watershed … Read more

Finland’s Kone to buy German rival TK Elevator in blockbuster $34.4 billion deal

Finland’s Kone to buy German rival TK Elevator in blockbuster .4 billion deal

A TK Elevator (TKE) elevator on display at the Microsoft Corp. booth at the Hannover Messe 2026 trade fair in Hannover, Germany, on Monday, April 20, 2026. Bloomberg | Bloomberg | Getty Images Finland’s Kone has agreed to buy German rival TK Elevator in a deal valued at 29.4 billion euros ($34.4 billion), marking one … Read more

Exit poll suggests center-left coalition of former president Rumen Radev will win Bulgaria election

Exit poll suggests center-left coalition of former president Rumen Radev will win Bulgaria election

Former President and opposition party leader Rumen Radev speaks to the press after voting in Sofia, Bulgaria, on April 19, 2026. Bulgarians are voting in their eighth election in just five years. Nurphoto | Nurphoto | Getty Images An exit poll in Bulgaria suggested Sunday that the center-left Progressive Bulgaria coalition led by ex-president Rumen … Read more

‘No rule forbids Iran’: Tehran rejects EU stand on Hormuz transit rights

‘No rule forbids Iran’: Tehran rejects EU stand on Hormuz transit rights

Iran has rejected remarks by European Union foreign policy chief Kaja Kallas on transit through the Strait of Hormuz, asserting that international law does not prevent it from acting to safeguard its security. Kallas had said that passage through key waterways like Hormuz “must remain open and free of charge” under international law. Responding, Iran’s … Read more

Spain touts energy resilience to Iran war as Trump tensions cast shadow over trade

Spain touts energy resilience to Iran war as Trump tensions cast shadow over trade

Wind turbines operated by Gamesa Eloica SA near Zaragoza, Spain, on Wednesday, March 25, 2026. Renewables are helping cushion the blow of higher oil and gas prices in Europe. Bloomberg | Bloomberg | Getty Images Spanish Economy Minister Carlos Cuerpo lauded the country’s energy resilience to the Iran war, saying a pivot to solar and … Read more

Europe could run out of jet fuel in 6 weeks, IEA warns

Europe could run out of jet fuel in 6 weeks, IEA warns

Stock picture of a British Airways plane taking off from London Heathrow Airport. Stefan Rousseau – Pa Images | Pa Images | Getty Images Europe may have just six weeks left of jet fuel, with serious consequences for the continent’s economy, the International Energy Agency warned on Thursday. “Several European countries may start to face … Read more

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