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11
Jun 2026
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Ankara proposes extending the pipeline linking Turkey and Iraq as an alternative to the Strait of Hormuz

This proposal was presented in an interview by Turkey’s Energy Minister as an alternative solution in case the Strait of Hormuz is closed

Energy anxiety in Europe, 50% chance of recession in the US: The economic victims of the war in Iran

Oil in Europe flirts with $110 per barrel, natural gas up 94% since the start of the year – The most expensive gasoline in the US since summer 2022, when the war in Ukraine was raging – What Politico writes about Asian countries pushing demand and driving prices higher

Oil in Europe is heading toward $110 after the strike on an Iranian natural gas facility – up 80% since the beginning of the year

The escalation of attacks on Iran’s critical energy infrastructure, such as the South Pars gas field, is triggering a new surge in prices

The Kremlin condemns the “assassination” of Iranian leaders and leaves the energy front with Europe open

“Europe does not appear willing to engage in discussions; Putin is open to talks,” said Kremlin spokesman Dmitry Peskov

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