[Regnum] The price of Brent crude oil futures on the London ICE Exchange exceeded $115 per barrel, according to trading data from March 30.
As of 1:15 AM Moscow time, the price of North Sea fuel had risen by 2.74%, reaching $115.65 per barrel. By 1:25 AM Moscow time, the rise had slowed somewhat, falling to $115.40 (up 2.51%), according to data.
On March 19, amid escalating tensions in the Middle East and shipping restrictions in the Strait of Hormuz, the price of gas on the London Stock Exchange exceeded $850 per 1,000 cubic meters for the first time since December 2022. On the same day, oil prices rose above $111 per barrel.
On March 25, Shell CEO Wael Sawan warned that if tensions around the Strait of Hormuz persist, Europe could face fuel shortages as early as April. Slovenian authorities became the first in the EU to impose restrictions on daily fuel supplies.
On March 26, Russian Presidential Special Representative Kirill Dmitriev stated that the world is entering the most powerful energy crisis in history, for which neither Europe nor Great Britain is prepared, although they may subsequently turn to Russia for energy supplies.
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