Latest news from Italy (Dec 12, 10 p.m.): the Truckers' strike seems to be over. The government and the unions have reached an agreement. The blockade is being lifted; the situation may go back to normal in a few days. It was only a test, apparently. A taste of things to come

Ah Ugo, that's too bad. I was looking forward to pictures of chaos and carnage. This is the market at work. Italy has just saved us a few hundred thousand barrels.