European gas prices soared on Monday. While Asia faces the greatest threat from supply disruptions, Europe is also vulnerable as its reserves reach historic lows.

The closure of the Strait of Hormuz and US-Israeli strikes in Iran are reigniting the specter of a surge in crude oil prices. But the global economy is less vulnerable today than…

As noted, 20% of global LNG supplies pass through the Strait of Hormuz, and after its closure, they were effectively blocked