Robert Abela on Monday told parliament that utility, gas and fuel prices will remain subsidised despite energy prices soaring abroad amid supply disruptions caused by the Israeli-US war on Iran. RELATED STORIES How will Malta be impacted by the Strait of Hormuz closure? Earlier, oil prices rocketed above $100 a barrel for the first time since Russia's
Prime Minister Robert Abela said Malta has built a financial “war chest” that will allow the government to continue shielding families and businesses from global shocks, following a ministerial statement on escalating international tensions. Delivering a ministerial statement in Parliament on Monday, Abela said that Malta will remain stable, secure
Prime Minister Robert Abela has warned that escalating global tensions are already beginning to impact economies around the world, with oil prices surging past $100 per barrel for the first time since the COVID-19 pandemic. Delivering a ministerial statement, Abela said that at certain moments the price of oil had even approached $120 per barrel following
The escalating conflict in Iran has triggered an exogenous supply shock in global energy markets, sending oil and gas prices sharply higher and unsettling financial markets worldwide. With key energy infrastructure disrupted and shipping routes paralysed, investors are grappling with a wide range of possible economic outcomes – from a short-lived market
