US EditionCroatia Imposes a Ceiling on Fuel Prices Following the Closure of the Strait of Ormuz
5 Articles
5 Articles
El Periódico
The Croatian Government announced this Monday its intention to adopt a decree for the establishment of maximum prices for the sale to the public of petroleum derivatives, as well as the amendment of the decree on the excise duty on energy products and electricity, in order to mitigate the increase in energy prices and protect citizens.Continue reading....
The global financial markets registered sharp declines on Monday, March 9, due to the impact of the armed conflict between Iran, the United States and Israel, which led to the closure of the Strait of Ormuz, a strategic route through which nearly 20% of the oil consumed in the world transits, causing an accelerated rebound in crude oil prices, exceeding $100 per barrel. The main factor pressing the markets is the fear that the military conflict …
The European Union (EU) and the leaders of thirteen Middle Eastern countries discussed Monday the impact of attacks on energy infrastructure and the closure of the Strait of Ormuz on global energy security, and explored ways to strengthen cooperation in order to "mitigate these risks." At the same time, they called for "full respect for international law" in the face of war escalation in that region and opted for diplomacy "as the only viable pa…
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