Chemical markets in the crossfire: assessing the impacts of the Middle East conflict
Wood Mackenzie
Wood Mackenzie
2 articles from Wood Mackenzie indexed by Voice Herald. Below is what Wood Mackenzie covers most and which stories they have contributed to.
What Wood Mackenzie covers most
Stories Wood Mackenzie has contributed to
Impact of Geopolitical Events on Global Energy Markets
Resolved2 from this sourceGeopolitical tensions, particularly involving Iran, are creating significant volatility across global energy markets, driving up prices for both oil and natural gas. With oil projected to hit high levels amidst conflict, airlines like United are anticipating cuts, while the Trump administration has temporarily lifted sanctions on Iranian oil to help manage soaring costs. These events are further exacerbated by a recent strike on a major LNG plant, attributed to Iran, which has sent European gas prices surging.
Iran War
Peaked2 from this sourceEscalation in the conflict involving Iran has seen the UK grant the US use of British bases for strikes targeting the vital Strait of Hormuz, a key oil transit point. These developments are having immediate global economic repercussions, with European gas prices surging 35% after an LNG plant was reportedly hit by Iran, and airlines bracing for oil prices to reach $175 a barrel.