Eurotopics.net

According to Secretary of State Marco Rubio, the US administration has invited Russian President Vladimir Putin to the G20 summit in Miami in December. "In order to solve problems, you have to meet with the people that you disagree with," he said. The EU has said it does not intend to boycott the summit, pointing out that it wants a say in any peace deal for Ukraine.

The situation in the straits of Hormuz and Bab al-Mandab and the decline in Russian exports due to the war in Ukraine are putting pressure on global crude oil and fuel markets. Diesel prices in particular have been hitting record highs. European governments are once again trying to counter market trends with tax cuts or subsidies. In Germany, for example, filling up is to cost 17 cents less per litre as of October. Are such fuel discounts a good idea?