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Thursday
07
May 2026
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Athens 22°C

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Oil: Brent holds $100 as Iran conflict enters third week

Energy markets remain tense, with oil holding above $100 as the conflict between the US, Israel and Iran escalates and navigation in the Strait of Hormuz remains restricted

“The war with Iran will end soon, there’s nothing left to target,” Trump says

At the same time, Israel’s Defense Minister Israel Katz stated that operations will continue “without a time limit, for as long as necessary, until all objectives are achieved and a decisive victory is secured."

The Administrative Judges express their concern about the dangerous escalation of the war in the Middle East

The Association of Administrative Judges (AJA) stresses in a statement "the vicious circle of violations of international law that extends to our neighbourhood, with the real victims being the peoples of all the countries involved"

Middle East: Conflict may hasten Europe’s “divorce” from Russian gas

The message from the Americans is clear: Accelerate the flow of US LNG to Europe's most vulnerable markets and that is why, according to Reuters, the value of the Vertical Corridor is highlighted

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