Spain is to reduce VAT on fuel from 21% to 10% to mitigate the impact of the Iran war, Ser Radio reports
Every headline is on the live feed 20 minutes before this site.
ECB's Rehn says no decision has been locked in ahead of time
Russia is to limit major foreign container shipping companies from routes involving Russian ports unless they meet strict domestic control requirements
Spain is to reduce VAT on fuel from 21% to 10% to mitigate the impact of the Iran war, Ser Radio reports
ECB's Villeroy says rate hikes will be decided meeting by meeting and are totally determined to bring inflation back to 2%
Iran announces the death of IRGC spokesperson Narini
On the Newsquawk feed at , 20 minutes before this page.
Context
Spain's decision to reduce VAT on fuel from 21% to 10% is aimed at alleviating the rising costs driven by the ongoing Iran war, which is likely to influence energy prices in the region. This move may set a precedent for other EU countries considering similar measures to combat inflation in energy costs, potentially affecting overall energy demand and market dynamics.
Related headlines
- CRUDE WRAP: WTI (X6) SETTLES USD 3.44 HIGHER AT USD 101.41/BBL; BRENT (Z6) SETTLES USD 3.94 HIGHER AT USD 109.86/BBL1 day ago
- US lawmakers introduce bill to block US President Trump’s Russia diesel deal1 day ago
- Russia’s Ryazan oil refinery has halted operations of one of its primary units since October 15th drone attack, according to reports, citing sources1 day ago
- Russian President Envoy Dmitriev says Russia and the US discussed in the Arctic and LNG1 day ago
- Russia has reportedly doubled its attacks on Naftogaz facilities in 2026, sources say; Ukraine's 2026 gas consumption is seen falling by 1BCM after Russian strikes on business infrastructure1 day ago
- Russian Deputy PM Novak says that he sees no obstacles to direct diesel shipments from Russia to the US, adding that restrictions have been lifted, TASS reports1 day ago
- South Korea is reportedly to extend oil fuel price cap for another four weeks1 day ago
- Russia and Iran is reportedly discussing gas pipeline route and pricing1 day ago
- Japanese Chief Cabinet Secretary Kihara says Japan expects October crude procurement to be at the same level as last year1 day ago
- Russian Deputy PM Novak says the gasoline shortage on the Russian market currently is about 5%, Interfax reports; The global oil market is unbalanced, experienced shock, and has a significant supply deficit; the imbalance is estimated at 4-6mln barrels1 day ago
- Irib reports that the East-West oil pipeline of Saudi Arabia has been targeted once again; adds, detection of a new thermal anomaly in the Yanbu area, near the oil pipeline1 day ago
- Reports suggest that a force majeure at a natural gas field has been lifted1 day ago
- Germany's Upper House approves the further release of oil stocks following the G7 agreement1 day ago
- US Market Wrap: Stocks hit as AI growth concerns weigh on sentiment 1 day ago
- US FX WRAP: Dollar weighed by Warsh avoiding forward guidance 1 day ago
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 2+ TICKS LOWER AT 105-14+1 day ago
- Two rockets were launched from the city of Tabriz in western Iran, Sabreen reports; Two missiles fired from Iran towards the Strait of Hormuz1 day ago
- Indian shipping official says a crude oil tanker was targeted by a missile in the Strait of Hormuz; official also notes the Romania incident on October 14th1 day ago
- Iran's Deputy Foreign Minister says that Saudi Arabia is yet to respond to the Iran response on mediation efforts relating to Yemen1 day ago
- Iran Foreign Ministry Spokesperson says Iran is ready to help peacefully resolve issues between Saudi Arabia and Yemen; has always been ready to use best efforts to help resolve the conflict1 day ago
The feed had this first.
Use the Platform