Wars in the Middle East and Ukraine are prompting governments across Europe to introduce subsidies, change taxes and revise policies to shield their economies, companies and households from record petrol 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 Organisation for Economic Co-operation and Development (OECD). Seven of the 10 nations taking the most measures to contain the economic damage are in the European Union, the OECD said in a report published Wednesday.
