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EU NatGas Hits 2023 Energy Crisis Levels As Trump's "Economic D-Day" Clouds Hormuz Reopening

EU NatGas Hits 2023 Energy Crisis Levels As Trump's "Economic D-Day" Clouds Hormuz Reopening European natural gas prices surged to levels last seen during the energy crisis triggered by Russia's invasion of Ukraine, when severe supply disruptions sent global markets into turmoil. The catalyst was an overnight Truth Social post from President Trump declaring "ECONOMIC D-DAY" against Iran. The announcement raises the probability of prolonged disruption in the Strait of Hormuz, a critical maritime transit corridor for Gulf energy exports. For Europe, continued disruptions in the Strait of Hormuz would constrain access...
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Mar 28, 2026 / Tyler Durden
European Conservative Lawmakers Warn Of 'No-Go Zones' Tied To Mass Immigration And Islamization
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Oil Prices Extend Gains After Another Big Crude Draw, Cushing 'Tank Bottoms' Loom
Oil Prices Extend Gains After Another Big Crude Draw, Cushing 'Tank Bottoms' Loom Oil prices are higher this morning on renewed fighting between the US and Iran (and Trump rhetoric), while API reported a major crude inventory draw (for an eighth week in a row). Additionally, in its monthly Short-Term Energy Outlook released on Tuesday, the Energy Information Administration (EIA) reported the closure of the Strait is depleting global inventories, keeping prices high. "Global oil markets remain highly volatile as very limited shipping traffic through the Strait of Hormuz has caused oil...
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