United States/Economy/Oil and gas prices surge after military strikes disrupt Strait of Hormuz shipping

Oil and gas prices surge after military strikes disrupt Strait of Hormuz shipping

Mar 1, 20265 sources

US energy dominance reshapes geopolitics

Summary

Following military strikes involving the US and Israel against Iran, ship traffic through the critical Strait of Hormuz has plummeted. This disruption has caused oil and gold prices to spike, with Goldman Sachs warning European gas prices could jump 130% if the shipping lane remains affected.

Source Headlines

5 headlines from 5 publishers

Goldman Says European Gas Could Jump 130% on Hormuz Disruption

Mar 1

Bloomberg →