energy-and-climate10.745 min read
MAGA allies push solar power to win over the GOP base
2 days ago•Source: Politico
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2.865 min•10 days ago
Oil surges on looming U.S.-Iran clash and Gulf supply risk
Oil prices jumped to their highest levels since last summer as markets priced in the risk of a U.S.-Iran confrontation and potential disruption to Persian Gulf supply, with Brent trading above $71 and WTI around $66 as traders weigh Iranian exports and the Hormuz chokepoint.
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Russia's Gazprom Halts Gas Supplies to Austria
Austria's Chancellor Karl Nehammer assured citizens of a secure alternative fuel supply as Russia's Gazprom plans to halt gas deliveries to Austria, following a payment dispute linked to an arbitration award. Despite the cutoff, Austria, which heavily relies on Russian gas, is working to diversify its energy sources. The move is part of broader tensions over Europe's support for Ukraine, with Russia previously cutting gas supplies over payment disputes. Meanwhile, Germany's Chancellor Olaf Scholz has resumed direct communication with Russian President Vladimir Putin.