Oil seen at USD 190 per barrel by May if Hormuz isn’t reopened – analysis
As much as USD 3.5 trillion of global GDP is at risk in case of a prolonged Hormuz closure, which would also imply an oil price spike, SolAbility found
US temporarily lifts sanctions on Russian oil purchases
The United States has authorized the purchase of Russian oil and petroleum products already at sea until April 11
Von der Leyen: EU considering natural gas price cap to curb electricity prices
These measures have gained renewed urgency as natural gas prices have skyrocketed due to the conflict between US and Israel on one side and Iran on the other
There is no power price crisis in Europe – analysis
Intervening in wholesale electricity markets would increase costs for consumers, while undermining investor confidence, according to a paper that Eurelectric commissioned
Von der Leyen: EU wants to be part of global nuclear revival
Reducing the share of nuclear energy was a “strategic mistake” that has exposed Europe to volatile fossil fuel imports, said Ursula von der Leyen
Governments in Southeastern Europe launch measures to contain fuel price surge
In light of the Iran war, several Balkan countries have moved to ease the jump in fuel prices
Threat of mass exodus as desalination plants targeted in Gulf countries, Iran
The Iran war could heavily disrupt the water supply in the region, and desalination plants in particular, alongside environmental disasters
Panic in fossil fuel markets as oil, gas prices spike 30% amid Iran war
Oil and gas prices skyrocketed at the start of trading, over fears of a prolonged supply disruption from the attack by the United States and Israel on Iran