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European Car Sales Jump 11% As Fuel Shock Drives EV Demand
European Car Sales Jump 11% As Fuel Shock Drives EV Demand
European auto sales posted their strongest monthly gain in almost two years in March, as robust demand emerged for fully electric and hybrid models. The surge in demand follows the US-Iran conflict, which disrupted energy flows through the Hormuz chokepoint. As a result, petrol and diesel prices at the pump in Europe soared. Another issue is China flooding the continent with cheap EVs, undercutting already struggling domestic automakers.
Bloomberg cited new-vehicle registration data for last month showing an 11%...
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Apr 8, 2026 / Tyler Durden
Watch Live: White House Addresses Fragile Iran Truce
Watch Live: White House Addresses Fragile Iran Truce
All eyes are on the very shaky Iran ceasefire, at a moment Tehran is already threatening to pull out due to heavy Israeli attacks on Lebanon. Iran says it has again halted Hormuz oil transit, and there's much that's still up in the air and uncertain. The briefing with press secretary Karoline Leavitt is expected to begin at 1300ET:
Washington and Tehran have just entered a two-week ceasefire, brokered by Pakistani mediation, aimed at negotiating a broader settlement following over a month of brutal...
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Mar 28, 2026 / Tyler Durden
Maersk Slaps Emergency Fuel Surcharge As War Upends Marine Supply Chains
Maersk Slaps Emergency Fuel Surcharge As War Upends Marine Supply Chains
Submitted by Michael Kern of OilPrice.com,
The war in the Middle East has upended shipping fuel markets with prices of marine fuels skyrocketing and regions running low on supply, pushing some traders to forgo cargo and ship additional fuel volumes to key bunkering ports outside the Middle East.
The price of fuel oil has surged this month as the stalled tanker traffic at the Strait of Hormuz is tightening supplies of the fuel in Asia, the key bunkering hub for fuel...
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Jun 30, 2026 / Tyler Durden
Today Will Or Won't See A US-Iran Meeting In Doha Which Will Be "Perhaps Important, Perhaps Not"
Today Will Or Won't See A US-Iran Meeting In Doha Which Will Be "Perhaps Important, Perhaps Not"
By Michael Every of Rabobank
Build 'em up or Burnham down?
In typical form, today will or won’t see a US-Iran meeting in Doha; which will be ‘perhaps important, perhaps not’; and either discussing the MoU or unfreezing $6bn of Iranian assets. So, the ‘peacefire’ continues, as expected, but with little chance this holds permanently. Likewise in Lebanon, where the US is pushing to disarm Hezbollah --which refuses-- and Israel won’t leave until that happens....
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