Eurozone Ministers Confront Energy Crisis and Inflation

Energy costs and rising inflation are top of mind for eurozone finance ministers meeting in Dublin today. The group is grappling with surging oil prices, which have reached new heights due to reduced global supplies and attacks on Saudi Arabia's East-West pipeline. French President Emmanuel Macron has ordered a 'mobilisation' to address fuel prices, with Finance Minister Simon Harris noting that energy companies are making 'extraordinarily large profits' off the crisis.

Harris disputed US President Donald Trump's claim that Ukraine is responsible for the current energy crisis, attributing it instead to the closure of the Strait of Hormuz. The meeting also aims to address concerns over bond market volatility and rising inflation, with European Central Bank President Christine Lagarde set to join discussions.