WS #16622
Reports confirm Iran is using limpet mines to attack super-tankers in the Strait of Hormuz, a critical chokepoint for global energy supplies. This escalation has pushed Brent crude toward $120 per barrel and caused European natural gas prices to spike 5% to 103 euros per megawatt-hour. The supply shock threatens to reignite inflation globally, pressuring consumer spending and airline margins while benefiting integrated energy majors.
Middle East Energy Crisis
Reports confirm Iran is using limpet mines to attack super-tankers in the Strait of Hormuz, a critical chokepoint for global energy supplies. This escalation has pushed Brent crude toward $120 per barrel and caused European natural gas prices to spike 5% to 103 euros per megawatt-hour. The supply shock threatens to reignite inflation globally, pressuring consumer spending and airline margins while benefiting integrated energy majors.