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Iranian Foreign Ministry spokesman Bagaei: The situation in the Strait of Hormuz has not changed; the strait remains closed.

2026-07-27

Iranian Foreign Ministry spokesman Bagaei: The situation in the Strait of Hormuz has not changed; the strait remains closed.

Other News
2026-07-27

South Korea's KOSPI slipped into negative territory intraday after earlier gains of more than 1.7%.

South Korea's KOSPI slipped into negative territory intraday after earlier gains of more than 1.7%.
2026-07-27

Last month Washington and Tehran signed a 14-point memorandum including a ceasefire, which briefly halted European fuel-price rises. Eurostat shows June diesel fell 6.4% MoM and gasoline fell 4.2% MoM versus May. Renewed tensions and fresh supply dis

Last month Washington and Tehran signed a 14-point memorandum including a ceasefire, which briefly halted European fuel-price rises. Eurostat shows June diesel fell 6.4% MoM and gasoline fell 4.2% MoM versus May. Renewed tensions and fresh supply disruptions around the Strait of Hormuz, with no resolution visible, have pushed prices higher; global crude topped $100/bbl last week, the strongest level since early June. YoY fuel-price moves were largest in Bulgaria, Lithuania and Romania, each up more than 23%. Hungary maintains a fuel-price cap; Spain and Poland cut VAT on gasoline and diesel to blunt increases—Brussels has pushed for excise-duty cuts instead. Spain’s large downstream refining network limits its dependence on imported finished fuels despite heavy crude import reliance.
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