Hormuz disruption pushes energy markets into a higher-for-longer regime
TL;DR
Shut Strait of Hormuz keeps about a fifth of worldwide oil and LNG supply stranded, pushing Brent to around $112 and European gas prices up sharply, signaling a persistent energy shock that traders expect to endure even in the best-case scenario.
- Even the best-case scenario for energy markets is disastrous The Economist
- Opinion: Endless war and global recession: Can you feel the looming dread? The Globe and Mail
- ING’s updated forecasts amid energy disruption ING THINK economic and financial analysis | ING THINK
- Timeline: Iran attacks threaten prolonged disruptions to Gulf supply Quantum Commodity Intelligence
- Strait of Hormuz disruption exposed GCC energy vulnerabilities, says S&P Oil & Gas Middle East
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