The G7 countries are playing the musical chairs game with energy markets. And this game is, as usual, catching Europe out of synch with the rest of the pack.  Even before the start of the US-Israel-Iran War, the majority of energy market analysts and investors saw any hostilities with Iran that go beyond the customary targeted bombing campaigns as a major threat to global hydrocarbons supply. With the start of the American and Israeli raids, and their escalation to a full-blown air and naval war, this shock came into play.  Four corollaries of the recent events are now worth considering…

Want to continue reading?

Unlock full access to The Currency and The Wall Street Journal with an Annual membership and receive a free Samsonite suitcase – worth €235 delivered to your door.

Subscribe

Cancel at any time.

Are you already a member? .