Pump prices could remain high in Europe, adding to inflationary pressure. The immediate problem is not just the supply or price of crude oil, but limited refining capacity, disrupted trade flows and shortages of finished fuels, particularly diesel.

Renewed US-Iran fighting near the Strait of Hormuz pushes Brent crude past $95 and European gas to three-year highs, threatening eurozone

Oil prices surge amid escalating Iran conflict. Crude oil to reach a new all-time high by December 31 at 11% YES.