The conflict raging in the Middle East will test the resilience of a global economy that has already contended with wars and trade disruptions over the past year.

Germany is seeing unusually strong solar power output in March, helping to cap electricity prices even as the conflict in the Middle East drives up the cost of energy worldwide.

Today, our energy correspondent reports on the crisis talks that will attempt to address Europe’s exposure to the Iran war shock, and our competition correspondent reports on how the EU’s landmark Digital Markets Act is impacting Big Tech.

Markets in Europe and the United States appeared to stabilize after days of turmoil, but stocks in Asia fell sharply.

Treasury Department is ‌expected to announce measures as ‌soon as Thursday aimed at combating rising ​energy prices, including potential action involving the oil futures market, a senior White House official said.

New data indicates what residents here already know: electricity prices continue to rise quickly in the region and state. On Wednesday, the Empire Center noted New York state has some of the highest household energy prices in the nation,

U.S. oil traded 7.6% higher at $72.12 per barrel, while international standard Brent was up 8.6% at $79.11 per barrel. Natural gas futures in Europe jumped more than 40% after Qatar, a major supplier, halted production due to the conflict.

Balcony solar can be installed almost anywhere, is cheap, easy to set up and reduces bills. It’s increasingly appealing to Americans struggling with soaring energy costs, but it exists in a legal gray

The dollar held firm near three-month highs on Wednesday, with investors turning deeply bearish towards the euro.