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Friday
15
May 2026
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Oil markets remain nervous, Brent above $90 again

The oil market remains highly volatile, with prices affected by the conflict in the Middle East and discussions about a possible release of strategic reserves

Musk is the richest man in the world for another year – His fortune stands at $839 billion

His fortune is more than triple that of the other two entrepreneurs who make up the top three: Google co-founders Larry Page ($257 billion) and Sergey Brin ($237 billion)

Forbes: these are the Greek billionaires on the 2026 list

The 2026 Forbes list includes 21 Greek billionaires. The highest-ranked Greek presence is Vicky Safra together with her four children, followed by Maria Angelicoussis

Strait of Hormuz: The maritime chokepoint driving up freight rates, insurance costs, and energy prices

Just 21 miles wide, it is the world’s most important energy chokepoint — In peacetime, 114 to 138 ships pass through daily, carrying 21 million barrels of oil — U.S. and French plans to escort commercial vessels

Oil: Drops below $90 after rally toward $120

Crude oil prices fell sharply on Monday shortly after trading closed, after Donald Trump, President of the United States, said he is considering the possibility that the U.S. could take control of the Strait of Hormuz

Croatia imposes a cap on fuel prices – Gasoline capped at €1.5 per liter

The ceiling for the price of diesel will be set at €1.55, thus avoiding an increase that would bring the price above €1.70

Fuel price rally: Unleaded could reach €2 per liter by the end of the week if Brent’s surge continues

Increases of up to €0.40 for gasoline and €0.60 for diesel – Energy costs are at the forefront of the Eurogroup meeting

George Prokopiou: His ships defy the missiles in the Strait of Hormuz, as Onassis & Niarchos once did, writes the Wall Street Journal

In a feature on the Greek shipowner, the Wall Street Journal describes one of the boldest moves of his career, as his ships are among the very few sailing through the Strait of Hormuz

Oil: Explosive weekly surge of 35% in US crude and 28% in Brent amid crisis in the Strait of Hormuz

The escalation of the US–Iran war sent oil prices soaring, with WTI recording its biggest weekly rise since 1983 and Brent its largest since 2020

The crisis in the Middle East affects 21% of global air cargo flows

Airspace closures and flight reroutings are creating pressure on global supply chains – The region’s role as an international transport hub is decisive

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