Meanwhile In London's Trafalgar Square...

Trump Posts Map Depicting Hormuz As 'New' US Territory, Just After Latest Tanker Attack By Iranians Yet another attack has occurred in the Strait of Hormuz, this time on a foreign tanker on an outbound transit route, which Iran and Oman claim to directly oversee and administer according to the terms of the Oman deal for managing the strait which is still being finalized. UK Maritime Trade Operations says Tuesday that the unknown projectile caused engine-room damage and a crew casualty, with the remaining crew being rescued and assisted by the...

Europe Braces For A Winter Energy Crisis As Gas Reserves Run Low Authored by Felicity Bradstock via OilPrice, Europe faces another expensive winter as low gas reserves and Middle East disruptions drive up energy prices. Rising fuel costs threaten household budgets, industrial production, and employment across Europe. Increased U.S. LNG supplies could provide some relief, but continued geopolitical risks leave energy markets vulnerable. After months of elevated energy prices, Europe can expect fuel costs to continue rising through the winter months as demand grows. Ongoing energy trade constraints and threats to energy...

Goldman Sounds Alarm: Europe May Need €100 NatGas Shock To Refill Winter Storage We have warned that Europe is approaching a twin energy crisis, with the Northern Hemisphere winter now just three months away. Dutch front-month gas futures, Europe's benchmark contract, surged Monday morning to 67 euros per megawatt-hour, the highest level since early 2023. Goldman Sachs commodities expert Samantha Dart warns that EU NatGas prices may need to more than double from her base-case forecast if LNG exports through the Strait of Hormuz remain constrained. Dart said reduced Qatari LNG loadings...