NoiZe on Nostr: “This will be a long crisis . . . energy prices will be higher for a very long ...

“This will be a long crisis . . . energy prices will be higher for a very long time,” Dan Jørgensen told the FT, warning that for some more “critical” products “we expect it to be even worse in the weeks to come”.

The near closure of the crucial Strait of Hormuz waterway and strikes on infrastructure in the Gulf have created chaos in energy markets, sending prices soaring and prompting long-term supply fears.

“The rhetoric that we’re using and the words we’re using are more serious now than they were earlier in the crisis,” Jørgensen said. “It certainly is our analysis that this will be a prolonged situation and countries need to be sure that they . . . have what they need.”

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