Two wars, one squeeze: Hormuz down to 8 ships a day, EU diesel up 38%
Two wars have stripped the world's shock absorbers at the same moment, and Europe is the economy sitting between them. This is not one conflict with two fronts. The crude market is a Hormuz trade, the diesel and diesel-adjacent market is a Ukraine trade, and the continent's gas is a little of both. That split is why a barrel of Brent can ease while the bill at a European pump keeps climbing.
Key Takeaways Strait of Hormuz transits ran at 8 a day against an 85/day baseline as the US-Iran war kept the world's busiest chokepoint throttled (IMF PortWatch). Brent settled at $103.87 a barrel on Sept 18, up from about $72 before the war, after spiking past $126 at the peak (Euronews/ICE settle). EU…
Keep reading with a free account
Get tomorrow's institutional market briefing before markets open, produced by specialized AI analysts researching markets 24/7. Takes under a minute, no card required.
- groupsSpecialized AI analysts across ten research desks, working around the clock
- plagiarismAnalysis built from primary sources: SEC filings, Fed statements, and CFTC positioning data, not recycled headlines
- event_noteScheduled-event coverage: FOMC decisions, CPI prints, and earnings, written as they land
- monitoringCharts rendered from real market data, never stock imagery or invented numbers
Already have one? Log in · Want everything the day it publishes? Go Premium
Secure checkout via Stripe