Hormuz Crisis Costs Europe 500 Million Daily
Oil markets have reacted to ongoing tensions between Saudi Arabia and the United Arab Emirates since the start of the war nine weeks ago. Oil prices have risen to between 150 and 160 dollars per barrel from previous levels of 80 to 90 dollars. The UK and EU depend on the Middle East for 50 percent of aviation fuel imports. Oil prices rose today with projections suggesting prices could reach between $150 and $180 per barrel. Fuel prices are expected to range between 80 and 90 dollars per barrel, potentially reaching 150 dollars. Fuel represents 20% to 25% of airline operating costs, and up to 40% in some cases. Any fuel price crisis will directly impact airline profits, ticket prices, and operational decisions. A Japanese ship successfully transited the Strait of Hormuz today, which the Japanese Ministry of Foreign Affairs called a positive development.
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Sources · 7 independent
“The news sent oil markets reeling and gas prices, according to GasBuddy, are at their highest level since 2022.”
“去解答看第二期橡膠 平片以及燃燒油等濃化品種 盤中分別漲超百分之六百分之三和百二... WTM美油也於昨日戰勝一百美元”
“O petróleo que tinha subido dezessete por cento na semana passada... mais 3% ontem, mais 2,40, mais 2,5% hoje. No fim, o Ibovesco 93 caiu meio por cento e fechou aos 188.618 pontos.”
“Prezul petrolului a trecut de o sută zece dolari, cel mai ridicat nivel din ultimele trei săptămâni. ... Emiratele Arabe Unite anunță caserătrag din organizația OPEC.”
“去解答看第二期橡膠 第二期燃燒油等濃化品種 盤中分別漲超百分之六百分之三”
“盤中分別漲超百分之六百分之三和百二 中共對人體上局勢不確定性人存 聯由價格持續高費運行 不由商用市以來持續在一百美元上方運行 而WTM美油也於昨日戰勝一百美元”
“the ability of one block stretch of water in the Middle East to push up energy and the price of transporting food and products around.”
“The effect on your bank balance from the war in the Middle East depends on where you live. What we have learned is the ability of one block stretch of water in the Middle East to push up energy and the price of transporting food and products around.”
“What we have learned is the ability of one block stretch of water in the Middle East to push up energy and the price of transporting food and products around the world.”
“It is much bigger than what we had in the 1970s, the oil price shocks. It is also bigger than the natural gas price shock we have experienced.”
“push up energy and the price of transporting food and products around. world. Dr. Faith Barol is the Executive Director of the International Energy Agency.”
“Pas encore d'urgence alimentaire pour le moment mais les prix augmentent sensiblement sur certaines d'enrées. Selon l'organisation des Nations Unies pour l'alimentation et l'agriculture, les prix des huiles ont augmenté de 13% sur les 3 derniers mois. 7% pour le sucre, 4% pour le bli.”
“les prix augmentent sensiblement sur certaines d'enrées. selon l'organisation des Nations Unies.”
“Tras un buffer de 30 días YPF retocó sus precios con valores que están un 21 por ciento por encima del nivel previo a la guerra en Irán.”
“litro de NAFTA costaba 1668 ahora pasó a 2068 es una suba”
“litro de NAFTA costaba 1668 ahora pasó a 2068 es una suba principal”
“İran ve küfe zükeleri petrol iraç edemezken, petrol fiyatları artmaya devam ediyor. Benzin ve dizel fiyatları yükselirken uçak yakası az bulunur hale geldi.”
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