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Tuesday
14
Jul 2026
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Mitsotakis: Further decline in petrol prices at the pump expected, cabinet meeting in progress

With the focus on the course of government work, the economy, agricultural payments, and a series of draft laws on public administration, labour, social policy and shipping, the cabinet is meeting. The agenda also includes the selection of the leadership of the Supreme Court and the Legal Council of the State

Congestion in the Strait of Hormuz as US–Iran agreement revives shipping – Oil exports resume (videos)

The first major oil shipments are passing through the Strait again as shipping activity restarts, though shipping and insurance market officials remain cautious despite the increased movement

Mitsotakis in Brussels: It is our duty to ensure the reduction in oil prices is passed directly to the pump

“At this moment, the main priority is the restoration of freedom of navigation in the Strait of Hormuz, and we are closely monitoring oil and gas prices,” the Prime Minister said

Airbnb in Greece: Rise in demand, prices and occupancy in May (Charts)

Greece goes against the European trend with rising demand, while the European average shows a decline according to AirDNA data

Theodoricacos: If food industries and supermarkets do not agree on price cuts, the cap should be extended for two months

Strict controls and fines are imposed on anyone who violates the law, the Development Minister said

PPC: Stable prices in June despite the uncertainty of the international markets

At 13.8 cents for the green kilowatt-hour, at 14.5 cents for the blue fixed tariffs

Housing price slowdown after 8 years of increases

A normalization phase is beginning, as land prices fell by 1.7%, the pace of house price increases is slowing, and rents are decreasing in some areas - While demand remains high, up 12% compared to last year

ELSTAT: Inflation rose to 5.4% in April

Jump in diesel (+32.4% year-on-year), petrol (+17.1%) and other fuels (+42.4%)

Analysis: Even if peace comes to the Middle East now, it will still take a long time for fuel prices to fall

Even if a U.S.–Iran agreement is reached and the Strait of Hormuz reopens immediately, fuel prices are unlikely to return quickly to their early-2026 levels. Markets will need months to be “convinced” that the danger has truly passed. This is the well-known “rockets and feathers” phenomenon

Oil: 9% plunge after Axios report that US and Iran are nearing an agreement

Axios claims the agreement would include, among other things, the lifting of restrictions on ship passage through the Strait of Hormuz

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