Article
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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Authored by Andrew Moran via The Epoch Times (emphasis ours),
Long-awaited banking regulation—also known as the Basel III Endgame framework—will be released next month, said the Federal Reserve’s top banking regulator.
Michelle Bowman, vice chair for supervision of the Federal Reserve Board, in Washington on July 22, 2025. Ken Cedeno/Reuters
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