Europe and Japan Pledge Action to Stabilize Energy Markets and Secure Gulf Oil Chokepoint

Europe and Japan ready to help stabilise energy prices and secure oil chokepoint

Leading nations in Europe, with Japan, said on Thursday they would act to stabilise energy markets and join “appropriate efforts” to open the Gulf’s oil chokepoint after tit-for-tat strikes on energy plants dramatically escalated the U.S.-Israeli war on Iran. Major economies have been scrambling to cushion the impact of soaring oil prices after state oil […]