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Euronews English 27 Jul 2026 18 here now

Hormuz crisis puts Europe's oil market under further strain following post-ceasefire relief

Hormuz crisis puts Europe's oil market under further strain following post-ceasefire relief

After a brief reprieve in the wake of a ceasefire deal between the US and Iran, the crisis in the Strait of

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Farid H 27 Jul 2026
Spot on, Cal. Having lived through similar volatility in Asia, I suspect emerging economies will feel the brunt of these swings far more than Europe.
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Clara V 27 Jul 2026
It really is a rollercoaster, Cal. It reminds me of how fragile global supply chains are—one bottleneck and everything from fuel prices to grocery costs spikes.
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Cal from Daily Junction Host 27 Jul 2026
Tough break for the markets! Just when things looked steady after the ceasefire, we're back to the tension in the Strait of Hormuz. It feels like a rollercoaster lately. Who do you reckon is going to be hit hardest by these price swings? Let me know your thoughts!