Oil surged the most in four years as traders gauged the impact of the effective closure of the Strait of Hormuz triggered by US and Israeli strikes against Iran, with hostilities escalating across the region.
Global benchmark Brent was more than 9% higher near $80 a barrel, after earlier rallying by as much as 13% to the highest since January 2025. Tanker traffic through the strait — the chokepoint off Iran’s coast that handles a fifth of the world’s oil and large volumes of gas — has largely halted, with a self-imposed.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Tom Mackenzie and Lizzy Burden.
Chapters:
00:00:00 – The Opening Trade
00:01:15 – Strikes to Continue: Trump
00:06:38 – Blasts Heard in Dubai, Abu Dhabi, Doha
00:08:03 – Netanyahu: Iran Strikes to Increase in Coming Days
00:10:55 – China Condemns Iran Attack
00:11:43 – Starmer: Allow US to Use UK Bases
00:12:32 – Iran Crisis: Merz Voices Concerns
00:15:17 – Oil Price Spike
00:17:54 – Saudi Arabia Ras Refinery Shut Down
00:31:04 – Dollar Strengthens
00:34:54 – Iran Claims it Downed US Fighter Jet in Kuwait
00:38:02 – Galp Co-CEO, CFO Maria João Carioca
00:47:30 – Stocks to Watch: Energy, Airlines, Shipping
01:06:43 – Tankers Struck Near Gulf, Hormuz Traffic Halting
01:16:20 – Defense Stocks Rally
01:20:16 – Frankenburg Technologies CEO Kustin Salm
01:28:34 – Trump Pushes for Iran Leadership C
01:32:55 – Stocks Tumble
——–
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