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18
Jul 2026
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Over 400 million barrels of oil reserves released to the market by the International Energy Agency

Governments of IEA countries have pledged to make available 271.7 million barrels of oil from government reserves, 116.6 million barrels from industry's mandatory stocks and 23.6 million barrels from other sources

Middle East crisis: How fuel, food & consumers are affected – The best and worst case scenarios

Which measures the government has already put in place to keep prices in check and limit the burden on households - The psychological factor and the new profile of the Greek consumer

Oil: Brent holds $100 as Iran conflict enters third week

Energy markets remain tense, with oil holding above $100 as the conflict between the US, Israel and Iran escalates and navigation in the Strait of Hormuz remains restricted

“The war with Iran will end soon, there’s nothing left to target,” Trump says

At the same time, Israel’s Defense Minister Israel Katz stated that operations will continue “without a time limit, for as long as necessary, until all objectives are achieved and a decisive victory is secured."

The Administrative Judges express their concern about the dangerous escalation of the war in the Middle East

The Association of Administrative Judges (AJA) stresses in a statement "the vicious circle of violations of international law that extends to our neighbourhood, with the real victims being the peoples of all the countries involved"

Middle East: Conflict may hasten Europe’s “divorce” from Russian gas

The message from the Americans is clear: Accelerate the flow of US LNG to Europe's most vulnerable markets and that is why, according to Reuters, the value of the Vertical Corridor is highlighted

More expensive ferry tickets: Rising fuel costs due to the Middle East put pressure on prices

The surge in marine fuel prices increases companies’ operating costs by €14 million per month

War in the Middle East: How freight rates soared to historic levels

VLCC supertanker freight rates are at historic levels - Ships stranded in the Persian Sea with insurers withdrawing cover for transits from the region

Emergency meeting at Maximos Mansion to address the consequences of the Middle East crisis

Measures to tackle rising costs on the agenda

Fuel price rally: Unleaded could reach €2 per liter by the end of the week if Brent’s surge continues

Increases of up to €0.40 for gasoline and €0.60 for diesel – Energy costs are at the forefront of the Eurogroup meeting

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