Post by EBRD

The conflict in the Middle East has impacted #EBRDregions through higher prices of energy and fertiliser, as well as disruptions to trade and tourism flows and tighter financing conditions. The price of natural gas in Europe more than doubled by 20 March as liquified natural gas (LNG) production in Qatar was halted and production facilities sustained substantial damage. Oil price surpassed $100 per barrel on 9 March 2026 as around 14% of world production could be off the market if the Strait of Hormuz remains effectively closed. So far, oil prices have remained far below the levels of 2011–14 and earlier historical peaks, and gas prices are short of the peak levels of 2022. However, oil demand in the short run is inelastic and prices might reach $180 per barrel if Gulf oil remains largely off-market. Read more in our latest report: https://lnkd.in/dx8bDrdu