Economy

EU energy crisis of its own making, Russia snub to blame

European Commission President Ursula von der Leyen is still too slow to admit that it is critical in the EU, the special presidential envoy said

US threatening to deprive EU of “favorable” access to gas if it fails to ratify trade deal

The US ambassador to the EU has urged the bloc to ratify a trade deal with Washington or lose “favorable” access to American gas imports

EU delays proposal to completely ban Russian oil imports amid Iran war

The EU has reportedly postponed a proposal to ban Russian oil imports, removing the draft from the agenda as the Iran war fuels energy price turmoil

Russia to bolster oil supply to India amid Middle East energy crisis

Russia remains a reliable energy partner for New Delhi despite US tariffs. Expert Ivan Timofeev discusses boosting oil purchases, ahead of PM Modi’s visit.

Kenya Airways to add flights as demand hits 99% amid Iran war disruption

Kenya Airways plans to boost capacity after passenger demand surges during the Iran conflict that has disrupted airspace and global aviation routes

Oil traders placed $580 million in bets 15 minutes before Trump’s Iran talks post, the FT says

Traders placed $580 million in oil bets minutes before Trump announced “productive” Iran talks, with the White House rejecting insider trading claims