This is an energy emergency: ‘If the Strait stays closed for two months, you’ll have plants without feedstock and we’ll get real rationing’
https://www.telegraph.co.uk/business/2026/03/19/russia-2022-picnic-compared-this-global-energy-disaster/ By Ambrose Evans-Pritchard – World Economy Editor Excerpt: The benchmark TTF contract for gas in Europe was €29 (£25) per megawatt-hour (MWh) in mid-February. Bank of America says it could reach €500 this winter if the Strait of Hormuz remains closed for 10 weeks, as it may well do. That would blow through the […]