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The change furthers President Donald Trump's promise to revoke policies that encouraged or created incentives for the production of electric vehicles.
Global energy markets face ongoing volatility as Gulf nations navigate supply routes during the Iran war and the EU warns against potential US diesel export bans. These supply constraints and high production costs are impacting businesses and consumers through rising fuel prices and industrial production suspensions. Observers are now monitoring how these geopolitical tensions and shifting government policies, including new tax subsidies for fossil fuel firms, will influence energy security and costs heading into winter.
1 story says getting better, 1 story says getting worse
Reported by several outlets
Gas & oil
From a difficult economic landscape to decisions on oil and gas drilling, welfare spending and the Chagos Islands, we look at what’s on the horizonAndy Burnham is riding high ahead of the Labour party conference after a successful first meeting with Donald Trump, and with his party faithful excited by their uplift in t
German lawmakers hope to drive down fuel prices by cutting taxes on gas and diesel from October 1. Meanwhile, students in many cities are set to protest against military conscription. DW has the latest.
In a DW interview, Prime Minister Mindaugas Sinkevicius discussed threats to Lithuania from Russia and Belarus, NATO's need for stronger air defense and why military spending alone cannot ensure security.
Police have used tear gas on protests by the opposition Congress party demanding India's election commission head steps down, following a report alleging "rigged" elections.
Climate
It has been called Europe's disaster year. 2026 has seen more than 30,000 excess deaths linked to heatwaves, along with mega wildfires, nuclear power plants having to shut down, gas plants under pressure, droughts reducing hydropower generation from rivers and wild fluctuations in electricity prices, not to mention maj
Iran conflict
In an interview with FRANCE 24 on the sidelines of the UN General Assembly, Anwar Gargash, senior diplomatic adviser to the UAE president, said Iran "has dragged us into this conflict", after the UAE was "the target of 3,300 missiles and drones" fired by Iran. After US President Donald Trump said he could either negoti
Gas & oil
Ineos said natural gas in the UK is twelve times more expensive than in the US.
Gas & oil
Role for Anant Ambani, son of India’s richest person, who also runs a controversial mega-zoo, met with incredulityNewcastle University is facing a backlash from conservationists over the appointment of the heir to an Indian oil and gas fortune who runs a controversial mega-zoo as a professor of sustainability.The unive
Inflation
Guardian investigation: 7-Eleven and Circle K stores often fail to honor advertised prices – charging more at pump and register for gas, snacks, and other itemsMarco Cruz pulled off a four-lane road into the parking lot of a Circle K convenience store in McAllen, Texas, 12 miles north of the US-Mexico border. It was 1.
Iran conflict
The Senate tally, 49-50, coming days after Trump's bombastic address to the United Nations in which he threatened to "annihilate" Iran, was likely the last chance for lawmakers to go on record about the war ahead of November.
Gas & oil
Germany's gas storage sites are far less full than in recent years. Officials say supplies are secure, but analysts warn that a cold winter or import disruptions could push prices higher. So how secure is the supply?