> Strait of Hormuz
> Strait of Hormuz
Europe’s €100 billion winter problem: how the energy crisis is pushing up costs for households and businesses
The European Commission foresees no supply shortages, but Energy Commissioner Dan Jørgensen warned of a difficult season, with Brussels weighing measures to curb transport fuel costs as energy poverty threatens to spread across the bloc


Trump rejects Iran’s proposal for a seven-day ceasefire as opening of Strait of Hormuz hangs in the balance
Tehran seeks to reopen the strategic sea route under certain conditions, while Washington appears determined to continue operations
Oil: Brent Below $104, Saudi Arabia Moves to Gradually Restore Critical East-West Pipeline
Second consecutive day of declines for oil, with prices, however, remaining at extremely high levels

“It’s not a war”: Vance tones down rhetoric on Iran, Trump seeks a way out of the conflict
The U.S. vice president, J.D. Vance, sought to play down tensions surrounding the U.S.-Iran conflict, saying that the situation “is not a war” and claiming that shipping traffic through the strategically important Strait of Hormuz has “almost” returned to pre-escalation levels

Brent above $94 following new US strikes on Iran — European natural gas hits highest level since 2023
Oil and natural gas prices surged following the US-Iran escalation — Markets are once again concerned about developments in the Strait of Hormuz

Iran launches retalliation with missile and drone strikes on US interests in the Gulf
Tehran says its armed forces have launched a decisive operation against American bases and interests across the Middle East, in retaliation for fresh US strikes near the Strait of Hormuz, according to Tasnim news agency




