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Nathalie ALONSO AFP

Shipping toll for Hormuz passage sharply divides nations

Shipping toll for Hormuz passage sharply divides nations

Iran's imposition of a toll for ships to pass through the Strait of Hormuz looks set to be a key point of contention at talks opening in Pakistan Friday. When the United States and Israel launched their attack on Iran on February 28, Iran responded by blocking passage

European drivers choke on rising diesel prices

European drivers choke on rising diesel prices

The price of diesel fuel has rocketed by more than 30 percent across Europe since the start of the Middle East war highlighting the continent's dependence on imported energy and the lingering prominence of diesel on the car market. The Easter holiday weekend across Europe is expected to

Global energy body discusses releasing strategic oil reserves

Global energy body discusses releasing strategic oil reserves

Member states of the International Energy Agency (IEA) met on Tuesday for crisis talks to assess security of supply and the potential release of emergency stocks as the Middle East war roils markets, the body's chief said. In a statement following a Paris meeting of G7 energy ministers