Iran maintains strategic control over the Strait of Hormuz, while the US grapples with the political, economic, and military fallout from its failed war.

Several trade unions in Germany warn of the severe consequences of soaring energy costs in the country, saying hundreds of thousands of jobs are at risk due to high electricity prices exceeding international standards.

Thousands of Italians hold protests against high cost of living and energy prices, calling for the suspension of the shipment of weapons and money to Ukraine. 

The European Union has warned that the eurozone is set to slide into recession over the winter with Brussels hiking inflation forecasts for 2022 and 2023 amid soaring energy prices.

US President Joe Biden has heightened efforts to reduce gasoline prices, taking a series of actions that industry experts say are “costly and dangerous” and a “desperate political" move to win the midterms.

Protests are held in some of the EU’s major capital cities against soaring inflation and the rising costs of living caused by sanctions imposed on Russia.

As Germany's energy crisis deepens, a think tank has warned that the country will fall into recession next year.