Slovenia has moved to limit how much fuel each motorist can buy, becoming the first EU member state to introduce nationwide rationing as regional tensions push up prices.The government says the measure responds to market disruptions driven by recent strikes in the Middle East that have shaken global energy supplies and sent pump prices higher.Under the new rules, private drivers may purchase up...

Slovenia has announced daily limits on fuel purchases, becoming the first European Union member to introduce rationing amid regional supply worries and rising prices.The government says the move is aimed at preventing shortages and stopping motorists from filling up in Slovenia and returning home with cheaper fuel.Private drivers are now limited to 50 litres per day, while businesses and farmers...

A bitter disagreement over the damaged Druzhba oil pipeline has stalled a vital €90bn EU loan to Ukraine and laid bare how a single member state can disrupt bloc decisions.No crude has passed from Russia through Ukraine to Hungary and Slovakia since a Russian strike hit the Brody pumping station in western Ukraine on 27 January.Satellite imagery and on-the-ground reports show a massive storage...

Another surge in energy prices has jolted Europe, reviving memories of the 2022 shock that followed Russia’s invasion of Ukraine.This time the trigger is instability in the Middle East, which has disrupted key shipping routes and sent markets into a fresh tailspin.The EU had vowed to end its heavy dependence on Russian fuels after 2022 and moved quickly: Russia now supplies almost none of the...

Danish authorities reportedly prepared to disable key Greenland airstrips to stop a potential US seizure of the Arctic territory, the Danish broadcaster DR has reported.DR says its account is based on a dozen sources inside Denmark's government and military, plus officials in France and Germany, and the Financial Times later said two European diplomats corroborated parts of the story.According to...

A fresh shock from the Middle East has sent energy markets reeling and reopened a debate Europe hoped it had settled.Months after stepping away from Russian fuels, EU capitals now face sharp price jumps and renewed political pressure as supplies tighten.After Russia’s 2022 invasion of Ukraine, the EU moved quickly to cut dependence on Moscow. Oil flows from Russia have almost disappeared for...

Hungary's decision to block a €90bn EU loan for Ukraine has provoked sharp criticism from fellow European leaders and exposed deep divisions ahead of next month's Hungarian elections.After a tense summit in Brussels, Prime Minister Viktor Orbán refused to lift his veto, posting on X: "No oil = no money." He linked his move to a dispute over a damaged section of the Druzhba pipeline that...

Households face a sharp rise in energy costs from July, with consultancy Cornwall Insight projecting an increase of roughly £332 a year for a typical dual-fuel home.The firm estimates the annual bill under Ofgem's price cap for July to September would reach about £1,973, up from the current level of £1,641.Cornwall Insight is updating its outlook weekly because of large swings in wholesale...

Danish authorities reportedly planned to sabotage key airstrips in Greenland to block any attempt by the United States to seize the island, according to a report by Denmark's public broadcaster DR.DR says its account is drawn from a dozen senior sources in the Danish government and military, with two European officials later confirming elements of the story to the Financial Times.The Danish...

The flare-up around Iran is already sending sharp ripples through the UK economy, touching everything from farmers' fuel supplies to homebuyers' mortgage deals.Even though Britain does not import Iranian gas, recent missile strikes have driven up global energy prices fast enough to affect domestic markets.Farmers are rationing red diesel and some mortgage offers have been withdrawn as lenders...