Gas prices have skyrocketed, now over 40 euros. Storage is barely a third full
Wholesale gas prices in Europe have surged over 25% due to US-Israeli attacks on Iran, raising fears of long-term disruptions in shipping through the Strait of Hormuz.
Platts Suspends Oil Valuations Due to Hormuz Strait Disruptions
Platts has suspended oil valuation bids for Middle East refined products due to shipping disruptions caused by U.S.-Israeli attacks on Iran.
Oil prices spike as key shipping route disrupted by Iran attacks
Oil prices have surged sharply due to disruptions in shipping routes resulting from attacks by Iran, raising concerns about rising inflation.
Asian Oil Buyers Seek Alternative Supplies After War on Iran
Asian oil buyers are evaluating alternative supplies due to disruptions caused by the war on Iran affecting shipping routes through the crucial Strait of Hormuz.
"Hormuz Effectively Blockaded"... Will 20% of the World's Oil Supply Be Cut Off?
Following U.S. and Israeli airstrikes on Iran, the Strait of Hormuz, a crucial passage for global oil supply, is facing an effective blockade, affecting shipping routes and causing concerns over oil delivery.
The offensive against Iran shakes air and maritime traffic and unleashes a global disruption
The U.S. and Israel's military offensive against Iran has led to significant disruptions in air and maritime traffic in the Middle East, causing large-scale travel interruptions and raising alarms over major shipping routes.
Iran Suspends Trading in Financial Markets
Iran has suspended trading in its capital market due to escalating tensions from joint U.S. and Israeli strikes, raising fears of broader disruptions in energy and shipping markets in the region.