Bulgaria Warned: Gasoline Could Hit €1.50 if Oil Reaches 100 Dollars per Barrel
In Bulgaria, fuel industry experts warn that if oil prices reach USD 100 per barrel, gasoline at the pump could exceed €1.50 per liter.
Ahead of the upcoming Three Seas Initiative Summit in Warsaw, Bulgarian President Rumen Radev held a telephone conversation with Polish President Andrzej Duda. During their discussion, Radev emphasized the importance of expanding bilateral industrial cooperation, particularly in the areas of defense, transport, and energy.
At the end of the month, President Radev, accompanied by an economic delegation, will participate in the Three Seas Initiative Summit, which marks its 10th anniversary this year. This regional initiative brings together 13 EU countries situated between the Baltic, Adriatic, and Black Seas. The initiative is supported by the United States, Germany, and the European Commission, and since 2023, Moldova and Ukraine have held the status of associate members.
The primary aim of the Three Seas Initiative is to enhance regional integration in Central and Eastern Europe by boosting connectivity in transport, energy, and digital sectors. It also seeks to strengthen the transatlantic partnership between the EU and the United States.
France, Italy and Greece have agreed to align their military presence in Cyprus and the eastern Mediterranean in response to rising regional tension
Natural gas prices in Europe climbed sharply, rising 8% in early trading today following warnings from Russian President Vladimir Putin that Moscow could halt deliveries to the continent.
Spanish Foreign Minister José Manuel Albares has firmly denied claims by the United States that Spain has agreed to assist in the American military operation against Iran
Spanish Prime Minister Pedro Sanchez has delivered a firm rebuttal to US President Donald Trump’s threat to cut trade with Spain, emphasizing his government’s refusal to participate in military action against Iran and reiterating a clear stance of “No to
French President Emmanuel Macron delivered a keynote address on France’s nuclear strategy from a military base hosting the country’s ballistic missile submarines, outlining a significant update to the nation’s deterrence doctrine
Spain has barred the use of its military bases for strikes on Iranian targets, prompting the immediate departure of U.S. aircraft stationed in the country
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