Trump is trying to kill a carbon tax on global shipping. He may not succeed.
The U.S. has threatened countries supporting the tax with visa restrictions, tariffs, and port fees. A slim majority of nations still back it.
Europe will have enough gas supply for the next 10 years and thereafter despite a move by the U.S. administration to pause approvals on new liquefied natural gas (LNG) plants, EU energy officials and analysts said, dismissing industry's warnings.
Crude oil sales, at record highs, are making the country a net exporter for the first time since World War II
"The new normal will not look like the old one," an expert told Newsweek.
Europe is entering the 2026 gas injection season with its lowest level of gas in storage since 2018.
Almost 90 percent of the LNG that transited the Strait of Hormuz in 2025 was destined for Asian countries.
When the Iran War disrupted shipping through the Strait of Hormuz and tightened global gas balances, a familiar assumption quickly resurfaced: Russia, possessing the largest proven natural gas reserves in the world, would inevitably emerge as one of the principal beneficiaries.