UK Inflation Rises After Iran War Pushes up Fuel Prices

EU relaxes state aid rules, encouraging member states to issue energy vouchers

Member states are also being encouraged to cut electricity taxes and refill underground gas storages

Albo holds fuel talks with states, territories

Anthony Albanese is updating the states and territories on Australia’s fuel security as Asia and Europe embark on a buying blitz.

Iran war drives UK inflation up to 3.3% in major blow for Reeves

Chancellor says Middle East crisis is ‘not our war, but it is pushing up bills for families and businesses’

EU plans to cut electricity taxes to shield households from Iran war energy crisis

Brussels will relax state aid rules to allow member countries to offer ‘targeted and temporary’ supportThe EU will cut electricity taxes and provide consumers with fresh incentives to ditch fuel-burning cars and boilers, the European Commission has announced, as the energy crisis from the Iran war speeds a shift to a clean economy.The plan, which foresees tweaking rules so that electricity is taxed less than oil and gas, aims to bring down bills…

UK inflation rises after Iran war pushes up fuel prices

The figures provide the first official look at the impact of the Iran war on the cost of living in the UK.

Albo in talks to build Australia's first new oil refinery in 70 years

The Prime Minister is considering a proposal to build a new oil refinery, the first to be constructed in almost 70 years.