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14
Jun 2026
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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

Research: Yet, we are a country of property owners (not renters)

In Greece, there are 7.3 million registered real estate properties, 70% of which are used for owner-occupation - Renters are estimated at around 800,000, while rising prices and limited availability of housing drive burdensome rent increases

Mass exodus of the ultra-wealthy from Dubai by private jet, paying hundreds of thousands of dollars

When Iranian missiles and drones appeared over the skyscrapers on Saturday, some paid astronomical sums to secure an escape route

Natural Gas jumps 20% as prices “soar” in Europe due to Middle East war

The price on the European market reached €53.6/MWh – Under the pressure of the ongoing conflict in the Middle East, April delivery contracts surged 20.44% in a single day at TTF

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