Wars in the Middle East and Ukraine are driving governments across Europe to craft subsidies, taxes and policy revisions that might shield their economies, companies and increasingly aggrieved citizens from record gasoline and diesel prices.
Countries around the world have intervened to limit the economic impact of diminished energy supplies and soaring fuel prices since the start of the Iran war, according to the Organization for Economic Cooperation and Development. Seven of the 10 nations working most actively to contain the economic damage are in the European Union, the OECD said in a report published Wednesday.
