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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: E_K_S	6/27/2025 7:44:07 AM
	of 206084

Europe's LNG Gamble Exposed By Middle East War Oil and the security of its supply have stolen the media spotlight in the context of the new Middle East war, and with good reason. Ever since Israel first bombed Iran, diesel prices have soared, jet fuel prices have soared, and importers have been troubled. For Europe, the situation is even worse due to natural gas. It is the fact that around 20% of global LNG trade passes through the Strait of Hormuz and Iran threatened to close the waterway in response to Israeli and U.S. attacks. This prompted a jump in European natural gas prices by a fitting 20% per the Financial Times, which highlighted the dangers of import dependence in energy commodities.

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