Economy News | LeadStory

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Europe faces gas squeeze as prices surge amid Iran war

Gas storage facilities across Europe are significantly emptier than usual following a harsh winter, with levels at just 28 percent compared to 58 percent two years ago. The Netherlands' storage stands at only 5 percent, while Germany's...

Al Jazeera

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How Germans feel about daily fuel price freeze

As escalating tensions in the Middle East drive crude oil prices higher, Germany has introduced a new law to curb fuel price gouging. Many drivers, however, remain doubtful it will bring real relief.

DW News

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Iran war pushes Germany's deficit to 4.2%

Germany's top economic institutes say the Iran war is exposing structural weaknesses that predate the conflict — and warn that without reform, the country risks permanently underperforming its growth potential.

Euronews

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Best gas credit cards to save money at the pump

With gas prices soaring this spring, a gas credit card can lower your fill-up costs. Here are some of the best ones.

Scripps Local

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French truck drivers protest over rising fuel prices

French truck drivers are taking part in a go-slow operation across the country to protest against soaring fuel prices caused by the war in the Middle East and to demand more substantial support from the government.

France 24

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Russia to ban petrol exports

The Russian government is imposing a complete ban on petrol exports. The decision is meant to prevent Russian petrol producers from selling abroad. While Moscow continues to export crude oil and other oil products including diesel, despi...

Al Jazeera

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South Africans load up on fuel as Iran war leads to major price hike

South African motorists headed to gas stations in large numbers in anticipation of record fuel hikes that will come into effect at midnight as the world continues to feel impacts of the Iran war that has affected global oil and fuel prices.

Africanews

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EU warns energy prices won’t fall quickly after Iran war

The EU has warned that oil and gas prices will not go down any time soon, even if the Iran war ends, citing pressure on fuel supplies and tight global markets, as it prepares support measures for households and businesses.

Euronews

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No end in sight for rising gas prices across U.S.

Continued military operations in the Middle East means no relief for consumers hoping for cheaper gas prices. FOX 4's Vania Castillo spoke to an expert on what exactly you're paying for at the pump.

Fox News

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South Africans react as fuel prices surge despite tax relief

Authorities announced a reduction of the general fuel levy by three rand per litre, a measure aimed at cushioning the impact of soaring global oil prices linked to the Iran war. However, the relief has done little to offset one of the st...

Africanews

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JPMorgan head acknowledges struggles across parts of society

The head of JPMorgan Chase is acknowledging that the American dream is slipping out of reach for many. Jamie Dimon says he's on a crusade to change that.

CBS America

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DoorDash driver feels the squeeze as gas prices top $4 a gallon in many states

Drivers in at least 13 states across the country are paying an average price of $4 a gallon or more for gas. Jason Allen spoke to a man who's feeling the strain with his second job as a DoorDash driver.

CBS America

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Farmers, truckers feel pinch of rising energy costs

The average cost of a gallon of regular gas is now over $4 for the first time since 2022, when Russia invaded Ukraine. Diesel prices also rose on Tuesday, reaching $5.45 a gallon. When energy prices rise, the prices of most other goods r...

CBS America

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Asian governments scramble to contain fuel costs

Geopolitical turmoil and soaring energy costs are rattling financial markets across Asia as governments scramble to address supply disruptions and economic fallout from the ongoing War in Iran and the closure of Strait of Hormuz.

Al Jazeera

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Easter eggs smaller, more expensive as cocoa prices remain high

Inflation, war in the middle east, energy prices - consumers really haven't been having a great time of it lately, and we're sorry to report that Easter and its habitual chocolates aren't really going to relieve the gloom either.

France 24

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Iran war energy shock puts ECB on alert

The Iran war has sent oil and gas prices surging and rate hike bets rising, but ECB chief Christine Lagarde says the eurozone is far better placed to absorb the shock than it was when Russia invaded Ukraine.

Euronews

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National average price of gas in U.S. hits $4 per gallon

For the first time since August 2022, the average price of gas in the U.S. has hit $4 per gallon as the Iran war grinds on. CBS News business analyst Jill Schlesinger breaks down how consumers are feeling the economic pinch with the war ...

CBS America

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EU governments are throwing billions at the petrol shock. Will it help?

European drivers face soaring fuel prices as the Iran war hits oil markets, prompting EU states to cut fuel taxes, cap prices and tighten regulation.

Euronews

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Oil price steadies for now but cost of petrol soars around the world

The price of a barrel of oil has steadied with signs the US is open to ending the war against Iran, even if the Strait of Hormuz remains closed. But at the petrol pump, consumers are still paying the price for the global supply chain dis...

Africanews

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Malian army denies releasing jihadists to end fuel convoy attacks

The Malian army denied on Monday that it had released around 200 suspected jihadists in mid-March to secure an end to attacks on fuel convoys that are crippling the landlocked nation's economy.

Africanews

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Consumers bearing the cost of war with Iran

Consumers have paid an extra $8 billion in gas prices alone since the U.S. and Israel began their attacks on Iran, according to industry analysts. But gas is only the beginning. We look at how airlines are increasing their prices and how...

Fox News

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Israel Parliament approves 2026 budget with $10 million defense boost

Israel’s parliament approved the 2026 budget early Monday, providing for a significant increase in military spending as the country remains engaged in wars on multiple fronts. Lawmakers passed the budget with 62 votes in favour and 55 ag...

Al Jazeera

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Why some Cubans see a brighter future beyond oil blockade

Cubans have been living through power outages since the start of a U.S.-imposed oil blockade three months ago. For The National, CBC’s Jorge Barrera goes to the island to gauge how it’s changed daily life and how they view the future.

CBC News

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Rising gas prices could ripple across the economy

Higher oil prices are hitting consumers at the gas pump hard. Meanwhile, economists warn they could lead to inflation as financial markets struggle to recover from five weeks of losses. Jason Allen has more.

CBS America

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Spike in marathon runners gives boost to local economies and charities

A post-pandemic running boom is changing the sport with millions of people joining run clubs and signing up for races each year, even the toughest marathons.

CBS America

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Iran war pushes U.S. gas prices near $4

The ongoing conflict involving Iran has pushed U.S. gas prices to a national average of $3.99 per gallon, with international oil benchmark Brent crude rising to $115 per barrel.

Scripps News

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ACFTA Fest 2026 unites Africa’s youth, innovation and culture in Abuja

ACFTA Fest positions itself as a unifying platform — harnessing trade, talent and creativity to drive Africa’s next wave of growth.

Africanews

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Nigeria's giant oil refinery fails to prevent record gasoline prices

Fuel prices in oil-producing Nigeria have reached record-high levels, industry figures show, as maximum output from the giant Dangote Petroleum Refinery has failed to shield the country from the energy market impact of war in the Middle ...

Reuters

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Airlines face fare dilemma as fuel spike threatens travel demand

Global airlines have begun to hike fares and cut capacity to cope with the sudden surge in oil prices, but the industry's ability to remain profitable may depend on whether consumers pull back on flying as gasoline costs threaten househo...

Reuters

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Asian economies scramble to find solutions to war's impact on oil

Iran's strategy to cut off the Strait of Hormuz has been effective as it piles pressure on the U.S. to the end the war. Over 80% of oil and gas typically passing through the Strait of Hormuz heads for Asia.

France 24