On 17 July 2026, the European Commission proposed a targeted revision of the EU Emissions Trading System to strengthen European industrial competitiveness and support delivery of the EU’s 2040 climate target. European Shipowners (ECSA) welcomed the proposal to earmark...

Macroeconomic conditions in developed Europe will remain impaired by spillovers from the Iran war, even if the Strait of Hormuz reopens swiftly, says Fitch Ratings in a new report. The risk that this could affect rating trends is highlighted by the net negative...

Global oil markets are moving through a fragile phase in which geopolitical risk, maritime disruption, depleted inventory buffers, and stress across refining systems are converging. The immediate US-Iran war risk premium has unwound sharply after the US halted its...