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If the Strait of Hormuz remains closed.. these are the energy market scenarios for the next 3 months

March 7, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
If the Strait of Hormuz remains closed.. these are the energy market scenarios for the next 3 months

Continued disruptions in the Strait of Hormuz for several months could lead to oil losses ranging from 315 million barrels to 1.38 billion barrels, and an increase in Brent crude prices to levels exceeding $100 per barrel, with liquefied natural gas prices in Europe rising to around €65 per megawatt-hour in the worst-case scenario. The strait controls the passage of about 25% of global maritime oil trade and 20% of liquefied natural gas trade, making markets vulnerable to sharp fluctuations if the disruption continues. Read the full content on Echourouk Online.

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