Macron warns of energy price surge amid Houthi attacks
after close1 source ↓written by the desknot a recommendation
- in August
- 7.6 million barrels per day
- pre-war levels
- 13.1 million barrels below
French President Emmanuel Macron cautioned of an "explosion in energy prices" due to disruptions in the Strait of Hormuz and attacks on Saudi oil infrastructure. Flows through Hormuz averaged 7.6 million barrels per day in August, about 13.1 million barrels below pre-war levels, impacting global crude, diesel, and gas prices. ⚡
This situation may lead to heightened volatility in energy markets as supply constraints persist.
Not investment advice. For informational purposes only.