Land oil and gas prices are rising sharply in the wake of rising geopolitical tensions, following the US attack on Iran and Tehran's threats to close the Strait of Hormuz, a crucial transit route for energy resources.
In Amsterdam, gas prices jumped 2% to 41,90 euros per megawatt hour at the opening of the day. On the oil market, Brent gained 1,12% to $77,88 per barrel, while WTI rose 1,15% to $74,69. In the last few hours, both indices reached their highest levels since January, although they later reduced their gains.
Since the conflict began on June 13, Brent has risen by 13% and WTI by 10%.
The increase is also reflected in fuel prices: according to Staffetta Quotidiana, average prices of gasoline and diesel at the pump have reached their highest levels since April, with a jump recorded since Friday.
Tensions are also weighing on European stock markets, which are opening the week in negative territory. Milan, the Ftse Mib falls 0,8% to 38.915 points. There are also declines in Paris (-0,52%), Frankfurt (-0,46%) and London (-0,36%), with markets cautious awaiting Tehran's moves.
Geopolitical uncertainty continues to dominate economic scenarios, fueling fears for the stability of global energy supplies.
Article published on 23 June 2025 - 15:25
