With household costs rising sharply and inlfation surging partly because of the Iran conflict, Athens is weighing a package of fuel subsidies worth up to 200 million euros, to be announced before the end of next week.

The Dow gained over 270 points Thursday to close at an all-time high of 50,256, as oil prices eased and investors bet on a Middle East resolution

The organization says the ongoing conflict in the Middle East is weighing on growth prospects and fueling inflationary pressures, with updated forecasts expected in early June

Metlen's chief used a high-profile Athens conference to call for political consensus, attack European energy policy, and reveal that his company's gallium venture has achieved production costs below those of Chinese rivals.

The head of the International Energy Agency warns that commercial oil stocks are draining at a record pace as the Iran war keeps the Strait of Hormuz shut

: Washington granted a second 30-day sanctions exemption for Russian seaborne oil, citing the need to support energy-vulnerable nations affected by disrupted Gulf supplies and the ongoing closure of the Strait of Hormuz

Soaring energy prices, disrupted supply chains and shipping bottlenecks linked to the Iran war have already cost global companies at least $25 billion, with losses mounting across airlines, manufacturers and consumer goods firms

Household gas prices jumped across European capitals following the Iran conflict, while electricity costs fell on average despite sharp increases in countries heavily reliant on gas-fired power

Global leaders gathered in southern Greece for the Europe Gulf Forum, where discussions focused on strategic ties between Europe and Gulf nations amid mounting instability in the Middle East and shifting geopolitical alliances

Abu Dhabi is fast-tracking a major pipeline project to bypass the Strait of Hormuz as regional tensions disrupt global energy flows, while India and the UAE deepen defense and energy cooperation during Prime Minister Narendra Modi’s visit

A series of events and developments confirm that repositioning is needed to adapt to new global balances, as Athens watches with deep concern

Iran dominated talks during Trump's 2-day visit to Beijing, China, which wrapped up with a state luncheon