Brent crude topped €100 a barrel after the Strait of Hormuz was closed. With no unified EU response from Brussels, capitals are opting for tax cuts, price caps or simply delaying concrete action.
Corporate executives are not panicking over a short-term increase in oil prices and Strait of Hormuz closure, but patience may wear thin in a matter of weeks.
US President Donald Trump said it would 'obliterate' Iran's power plants if it did not reopen the Strait of Hormuz in 48 hours. Iran threatened retaliation on US and Israeli energy infrastructure if …