Germany's Debt Spiral Warning Ignored As Berlin Doubles Down On Spending

UK Moves To Ban New North Sea Oil & Gas Licenses Permanently Via City AM, The UK government will introduce legislation banning new North Sea oil and gas exploration licences as part of its Energy Independence Bill. Critics argue the policy will increase Britain’s reliance on imported fossil fuels while damaging Scotland’s oil and gas industry. Rising oil prices and disruptions tied to the Iran conflict have intensified political pressure on Labour to reconsider the ban. The government will make it illegal to grant new oil and gas licences in the North Sea, the King...

Iran Offers New Proposal To Reopen Strait - Trump Open To Sealing Deal Via Phone Summary After a weekend of stalemate malaise, Iran reportedly offers new proposal for opening ship traffic, while postponing the thorny nuclear issue  Trump says peace could come via telephone rather than face-to-face meetings Iranian FM has been sending written messages to US via Pakistani intermediaries  Iranian Foreign Minister Araghchi visits Russia for talks with President Putin Trump says Iranian oil infrastructure could explode from within unless flow resumes Iran Offers New Path To Opening Strait Running a little ahead of schedule, Sunday...

Moscow Oil Refinery Faces Six-Month Shutdown After Relentless Ukrainian Drone Attacks Moscow's largest oil refinery is expected to remain out of service for at least six months after suffering significant damage in a series of Ukrainian drone attacks this month, according to Reuters, citing sources familiar with the matter, after Zelensky earlier vowed to bring the war to Russian territory. Kiev and the West are flirty with massive Russian retaliation at this point, which is precisely what Putin has vowed. The refinery is located on the southern outskirts of the Russian...