The EU rule that could choke Europe’s fuel supply

Europe is already being forced to reconsider how it keeps fuel moving through an increasingly volatile world. Now, as the crisis in the Strait of Hormuz exposes the fragility of international energy routes, ExxonMobil is warning that the bloc could be preparing to restrict its own access to oil and gas from next year.

In an ExxonMobil commentary included in its July 17 energy newsletter, Alice Wells said the timetable attached to the EU’s new methane rules could raise costs for consumers...