Investors rip up European boom bets as stagflation fears soar on Iran war oil shock

Bank of America's latest European Fund Manager survey suggests stagflation is now the consensus view for the coming months.

As war in Iran roils energy markets, Europe pays price of ‘dependency’

Europe woke on Thursday to another energy shock, as military attacks on critical infrastructure in Qatar and Iran sent oil and gas prices across the continent soaring to levels unseen since Russia’s invasion of Ukraine in 2022. The continent’s benchmark natural gas price, the Dutch TTF, climbed above €70 (US$80) per megawatt hour in Thursday morning trading – its highest level since December 2022, though still well below the more than €300 peak reached in the summer of 2022. Brent crude surge...

By Xiaofei Xu

Oil Prices Surge as Brent-WTI Spread Blows Out on Iran Supply Risk

Oil rises 3% after Iran strikes Middle East energy facilities

Europe scrambles to limit effects of energy escalation in Iran war

European countries scrambled to cushion the impact of soaring oil prices on Thursday after tit-for-tat strikes on Gulf energy plants, including the world’s largest gas plant in Qatar – the most economically significant escalation of the U.S.-Israeli war on Iran. State oil giant QatarEnergy reported “extensive damage” after Iranian missiles hit the Ras Laffan Industrial […]

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