Iran's closure of the Strait of Hormuz disrupts energy supplies, pushing European gas prices up 60% since the conflict began.
Breakdown
- Iran's closure of the Strait of Hormuz halts energy shipments 26s
- European natural gas prices have surged nearly 60% 47s
- Spain and Germany introduce relief measures for high prices 52s
- Italy seeks alternative LNG supplies from Algeria 1m 21s
- Europe must now compete with Asia for shrinking LNG supplies 1m 39s
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Middle East Conflict
The U.S-brokered ceasefire deal in Gaza is holding, after Hamas released the remaining Israeli hostages.

Iran Strikes
The United States and Israel have launched military strikes across Iran after failed nuclear talks. In response, Tehran has launched retaliatory attacks targeting Israeli and U.S.-linked positions across the Gulf region.