Strikes on Iran Threaten Hormuz and Drive Oil and LNG Prices Soaring
US and Israeli strikes on Iran push Brent crude to $83 a barrel and LNG freight rates up over 40%, threatening the Strait of Hormuz, a critical chokepoint for a fifth of global oil production.
| Countries | États-Unis, Israël, Iran, Qatar |
|---|---|
| Sector | Pétrole, Gaz, GNL |
| Theme | Politique & Géopolitique, Sécurité énergétique |
US and Israeli attacks on Iran have triggered a surge in oil and natural gas prices, reviving memories of an energy crisis similar to the 1970s. Brent crude reached $83 a barrel on Tuesday morning. Following Qatar's announced production halt on Monday, daily freight rates for tankers carrying liquefied natural gas (LNG) jumped more than 40%.
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