Friday

29th Mar 2024

Ticker

US calls for new 'coalition of willing' in Persian Gulf

The US is working on a coalition to safeguard oil tankers in the Persian Gulf, after US secretary of state Mike Pompeo said he hoped more than 20 countries would join. There would be patrols in the Strait of Hormuz and Bab Al Mandeb, the street between Yemen and the Horn of Africa, where nearly one-third of all oil transports pass. The US blames Iran for the current insecurity.

Read and decide

Join EUobserver today

Get the EU news that really matters

Instant access to all articles — and 20 years of archives. 14-day free trial.

... or subscribe as a group

Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

Join EUobserver

EU news that matters

Join us