London: Catherine Shakdam, a French-British analyst, warned, ‘The geographical location of Iran is a bigger strength of the country than nuclear weapons. Iran will use nuclear weapons as a shield. But Iranian control over the Strait of Hormuz and Bab Al-Mandab Gulf could block the entire global fuel movement. The crisis created in that scenario […]
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Berlin: Last week, Russia reduced the fuel supply to some leading European countries. Taking the Russian aggression into account, Germany declared an Alarm Stage in the fuel sector. German Commerce Minister Robert Habeck warned that if the situation does not improve soon or if Russia stops fuel supplies, the resulting fuel crisis will be like […]
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Bern: The conflict in Ukraine is not the cause of the current global energy crisis. However, the chief of the world’s leading fuel company, Aramco, blamed the fuel sector’s reduced investment and insufficient options and backup plans as the main reasons. The chief of Aramco, Amin Nasser, strongly criticised the decisions of Western countries at […]
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Panama City – While countries in the East and West are polarizing and the rift between nations in the North and South is widening, India is working to connect them all, said External Affairs Minister S. Jaishankar. Mr Jaishankar, who went from Guyana to Panama, a Central American country, explained India’s stand during his visit. […]
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Washington/Moscow: ‘I don’t think anyone likes it. We don’t know how far it will go. Today, it’s Russia. But tomorrow, that can change, and it could be a global price cap. That would be extremely serious,’ warned Oman’s Minister of Fuel, Salim Al-Aufi. Oman is a leading country in OPEC, an organisation of fuel-producing countries, […]
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Berlin: The federation of German Industries’ chief, the apex body of the industry, issued a serious warning that 25% of the companies in Germany have been preparing to leave the country due to the energy crisis created against the backdrop of the Russia-Ukraine conflict. Other senior officials have confirmed this in Germany, and they allege […]
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Brussels: The energy crisis summit, held in the backdrop of sanctions imposed on Russia and the fuel cuts by Russia, once again showed that differences between European countries have come to the fore. The proposal to cap Russian fuel prices could not be approved at the meeting. Some countries in the European Union have maintained […]
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Paris/Berlin/Rome: Effects of sharply escalating fuel prices resulting in peak inflation are being felt across leading European countries like France, Germany, and Italy. Professionals in France declared a nationwide strike against the government on Tuesday. It has received a positive response from all the strata of French society. Also, the protestors in Germany are expressing […]
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Washington/Geneva: Slowdown in the Chinese growth rate and falling economic output in the United States are deepening the grip of recession in Europe. The fuel crisis in Europe, dependent on Russian fuel, will continue in the coming times. The President of the World Bank, David Malpass, warned that the economic recession crisis is hovering over […]
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Washington/Brussels: There are indications that the fuel crisis has been intensifying more in Europe, which had planned to shake Russia by imposing restrictions on the import of Russian fuel. European leaders and experts had claimed that Russian fuel could be substituted with the support of US, Gulf and African countries. However, the Gulf and African […]
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