Germany Moves to Cap Fuel Price Hikes as War Drives Costs Higher

Germany is clamping down on fuel price hikes amid war-driven oil volatility that is stressing Europe’s largest economy. The government approved draft legislation on Tuesday that would limit how often gas stations can hike prices, tightening antitrust oversight of fuel suppliers. The crackdown comes as Brent tops $100 per barrel amid the ongoing Iran conflict, with retail fuel costs soaring across the continent. Under the proposal, gas stations in Germany will be allowed to increase gasoline and diesel prices only once per day, at noon. Price…