'It is obscene': Activists blast corporate greed as war sends crude to $119/barrel

As energy and finance officials from across the European Union prepared to review energy supply levels amid the US-Israeli war on Iran on Tuesday, campaigners from a leading climate action group renewed their call for officials to go further than just releasing oil reserves in order to keep costs down.

Oil giants that have benefited from the growing global energy crisis set off by the US-Israeli attacks and Iran’s retaliatory closing of the Strait of Hormuz should be held to account for...