Even if the Straits of Hormuz reopen, energy market officials and analysts estimate that the industry will no longer be able to rely on them as in the past. For the Straits, there is no return to normality. Countries throughout the region are considering the construction, expansion or restoration of infrastructure that will bypass [...]
The aircraft fuel crisis, caused by the closure of the Strait of Ormuz, forces major European airlines to cut flights and freeze aircraft, amid tightness in the offer, notes Politico. International Energy Agency chief Fatih Birol told the AP Thursday that the continent has «aircraft fuel stocks perhaps for [...]
Deutsche Bank foresees a broad weakening of the dollar, with George Saravelos, head of the global exchange strategy, assessing that deescalating the risks surrounding the war in Iran opens the way for a new retreat cycle of the American currency. The bank proposes selling the dollar index, predicting a possible rise in the euro/dollar rate above 1.20. The main factors are the reduction in return in the US, the slowdown of capital flows and the possible strengthening of «petroyuan»With China expanding its role in the Middle East.
The countries should «to prepare for difficult times» if the price of oil remains high due to the Middle East war, International Monetary Fund (IMF) Director General Kristalina Georgyeva said at a press conference she granted. War has accelerated price increases «We must prepare for difficult times» if the collision [...]
