German minister accuses energy firms of "exploiting" Middle East tensions as soaring costs become a political flashpoint ahead of elections in eight EU states next year.
Eight years after tax-triggered protests, fishermen and other groups are blockading ports and terminals over energy price hikes.
The Bank of England kept interest rates unchanged but warned borrowing costs could rise if high energy prices persist, according to BBC News.
A new report highlights renewed inflationary pressure worldwide, driven by rising energy costs and prompting central banks to consider further interest rate increases.
US president says Washington is 'hopefully toward the end' of tensions with Iran as global energy prices remain elevated, according to Al Jazeera.
Final data show consumer prices in the euro area rose 3.2% year-on-year in August, below the earlier estimate of 3.3%, as energy costs surged 14.3%.
The Consumer Prices Index increased from 2.9% in July, driven by higher fuel and energy prices, according to official data cited by the Guardian.
Consumer prices accelerated from July's 2.9% reading, with ANSA reporting energy costs as the main driver.
Energy analyst Bill Farren-Price says European gas prices have climbed to their highest level since tensions involving Iran began, though they remain far below the record highs seen in 2022.
MOEX and RTS indexes both posted gains of more than 3% as energy prices climbed, according to TASS.
With inflation pressured by rising energy prices, policymakers this month are weighing whether interest rates need to rise again, BBC Business reports.
National Air Traffic Services says recovery from a technical issue that disrupted departures at several UK airports will take time, as European gas prices also rise ahead of winter.