- The Federal Reserve System is studying administration policies, utilizing the Dallas branch for publications.
- The current geopolitical situation involving the Iran conflict and the war in Ukraine is causing spikes in global oil and gas prices, leading to a major scrutiny of US energy policy and independence.
Renewed US-Iran hostilities and the Ukraine invasion are driving high wholesale gas prices in Europe.
1 report, 1 independent
Updated Sep 3
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Renewed US-Iran hostilities and the Ukraine invasion are driving high wholesale gas prices in Europe.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- US war on Iran causes price shocks.Sub-event
Ofgem is dealing with high wholesale gas prices driven by US-Iran and Ukraine conflicts.1 source
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The entities involved
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Europe
terrestrial continent located in north-western Eurasia
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Ofgem
United Kingdom government non-ministerial department
Related events
- War with Iran caused surging jet fuel prices while demand for autumn travel is growing in Europe.
- Ofgem sets the energy price cap for the UK amid rising prices driven by the Middle East conflict.
- Due to the ongoing war in Iran, oil and gas prices are soaring, leading to increased commercial curtailment in Germany.
- The war in Iran affects global energy prices, leading to increased demand for LNG shipments destined for European markets.
- Renewed US-Iran conflict is driving energy price surges, leading financial institutions to raise oil price forecasts based on geopolitical risk.