Standard Chartered Predicts Oil Prices Will Remain Higher For Longer
On Monday, European Union foreign ministers rejected demands by U.S. President Donald Trump to help secure the Strait of Hormuz through military means, with Europe only keen on further bolstering the security of its own military bases in the region. Previously, Kaja Kallas, Vice-President of the European Commission, proposed extending the mandate of Operation Aspides to boost security in the Strait of Hormuz amid rising tensions and energy disruptions. Aspides is an active EU military operation launched in 2024 to safeguard merchant shipping and…