European gas and oil prices rise amid US-Iran tensions and Strait of Hormuz danger
European gas prices are reported near a three-year high, while oil prices rise following a US attack on Iranian tankers. The Strait of Hormuz remains dangerous, according to the supplied reports.
By DoomRadar · Published on DoomRadar .
Why it matters
Energy-market disruption around a major shipping chokepoint could increase costs and supply risks internationally.
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