Since the Strait of Hormuz closure sent Brent crude up 58% year-on-year, the European Commission has only trimmed its 2026 growth forecast from 1.5% to 1.1%, with unemployment steady near 6%. That resilience stems from a structural shift: Russian gas has dropped from 45% to 12% of EU imports while US LNG now supplies two-thirds of Europe's gas, backed by $750 billion in commitments through 2028, and EU output uses 44% less energy per euro than in 1995.
oilprice.com
· 2026-09-12
The United States has managed to loosen Iran's hold on the Strait of Hormuz and has nearly halted Iran's oil exports through a naval blockade, deepening Tehran's economic crisis. Despite this, the conflict launched by the US and Israel in February continues with no diplomatic breakthrough since a June truce collapsed, and low-level fighting persists without a clear American exit strategy.
fastcompany.com
· 2026-09-11
AAA reported the national average diesel price reached $6.05 a gallon on Friday, up from $5.85 the prior week and $3.70 a year ago, as the conflict between the U.S. and Iran disrupts global fuel supplies. Regular gasoline also rose to $4.29 a gallon, tracking a jump in both Brent and U.S. crude oil above $100 a barrel for the first time in months.
fastcompany.com
· 2026-09-11
President Trump said Wednesday that oil prices, driven up by the ongoing Iran conflict, will likely stay elevated until after U.S. midterm elections. His remarks came as Brent crude topped $100 a barrel for the first time since July, with prices jumping over 3% amid escalating U.S.-Iran military exchanges.
fastcompany.com
· 2026-09-10
Brent crude climbed past the $100-per-barrel mark amid escalating US-Canada trade tensions, while Apple prepared to hold its annual product event, expected to unveil its first foldable iPhone. The event also marks the public debut of John Ternus, who recently took over as Apple's CEO, with analysts watching for potential price increases across the product lineup.
cnbc.com
· 2026-09-09
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