Gulf Nations Shift Exports Amid Iranian Strikes on Energy Infrastructure
Gulf Arab nations shifted exports to Yanbu and Fujairah after Iran closed the Strait of Hormuz.
Brent oil prices reached $114 per barrel, highest since May 2022.
European natural gas futures spiked to 68 euros per megawatt-hour.
Qatar's Emir and French President condemned the strikes as a dangerous escalation.
Sweden may act on power and heating prices to support consumers.
1 week ago