Strait of Hormuz closure sparks oil supply crisis
Iran-US war has effectively closed the Strait of Hormuz with zero tanker crossings reported, forcing global energy markets to find alternative routes. Oil prices are spiking, and traders are hedging via energy and infrastructure plays while the world adjusts to permanently reshaped trading routes.
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Prime Minister Mark Carney published a strategy that aims to double Canada’s electricity generation by 2050, including adjusting its clean electricity rules to give more flexibility on power generation using natural gas.
1h ago - PR Newswire FinancialMitrade Launches Trumponomics Ebook; Strait of Hormuz Crisis Stokes Europe's Energy Volatility
LIMASSOL, Cyprus, May 14, 2026 /PRNewswire/ -- CFD broker Mitrade today announced the release of its new ebook, Decoding Trumponomics: Trading Volatility in 2026, for European readers seeking to understand a year of cross-asset volatility. The launch comes as Brent crude has held above...
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- BloombergEurope’s Oil, Gas Lobbies Urge Flexibility on Storage Targets
European Union energy lobby groups called for more flexibility in reaching the bloc’s natural gas storage targets, to avoid market pressure during the summer refilling season.
1d ago - BloombergJapan’s Coal Power Generation Climbs as War Makes LNG Expensive
Japan’s coal-power generation is rising while natural gas-fired output falls, as conflict in the Middle East chokes supplies of the less-polluting fossil fuel and sends prices higher.
1d ago - BloombergIran War Will Make EU More Reliant on US Gas Than Ever: IEEFA
Europe’s reliance on natural gas from the US is expected to surge to a record this year as the country helps offset supplies lost from the Middle East, according to an energy think tank.
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Live coverage of the Iran conflict, Persian Gulf oil supply disruption, OPEC reaction and the cross-asset trades pricing it.