{"id":3571,"date":"2026-05-01T17:34:00","date_gmt":"2026-05-01T14:34:00","guid":{"rendered":"https:\/\/en.tomanifesto.gr\/?p=3571"},"modified":"2026-05-01T17:34:00","modified_gmt":"2026-05-01T14:34:00","slug":"oil-new-price-rally-burns-the-global-market-what-the-crisis-scenarios-show-video","status":"publish","type":"post","link":"https:\/\/en.tomanifesto.gr\/?p=3571","title":{"rendered":"Oil: new price rally “burns” the global market – what the crisis scenarios show (video)"},"content":{"rendered":"

Oil prices<\/b> are rising due to tension in the Middle East<\/b>, with concerns about the Strait of Hormuz<\/b> and a new global energy crisis<\/b>.<\/p>\n

At a time of intense geopolitical uncertainty and heightened nervousness<\/b> in international energy<\/b> markets, oil prices<\/b> continue their upward trajectory<\/b>, reinforcing concerns of a new wave of stress in the global economy<\/b>. Prolonged tension in the Middle East<\/b> and developments around the Sea of Hormuz<\/b> have created an explosive mix of expectations and fears<\/b>, with investors reacting strongly to any sign of further destabilization<\/b>. In this environment, the energy market<\/b> is showing characteristic rallies<\/b>, while the outlook for short-term price movements remains highly uncertain<\/b>, directly affecting fuel, transport and the cost of living globally<\/b>.<\/p>\n

Oil prices remain high<\/b> with the impact on the global energy market from the blockade in the Strait of Hormuz<\/b> being visible daily<\/b> and concern continued as the US and Iran<\/b> do not appear to reach an agreement<\/b>, ERTnews reports.gr.<\/p>\n

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Swings<\/h3>\n

Oil prices have been moving up in international markets over the past two weeks as expectations of a peace deal between the US and Iran have been raised, and for the opening of the Strait of Hormuz soon, have been steadily fading.<\/p>\n

The Brent oil price is currently sitting firmly above $111 a barrel, registering a slight rise from yesterday. This has a direct impact on prices in our country, as the wholesale price of unleaded and diesel oil are foreshadowing a new rise in the retail price at petrol stations.<\/p>\n

The rise in diesel is more moderate, as the 20 cents per litre subsidy on diesel at the pump has been in place since April and continues into May.<\/p>\n

Prices unchanged in electricity tariffs<\/h3>\n

As far as electricity prices are concerned, announcements from suppliers started yesterday, with prices unchanged, as the fact that there is a reduction in the wholesale price in April contributes to this, as well as the rise in the price of gas was also moderate.<\/p>\n

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Oil prices are soaring on tensions in the Middle East, with concerns over the Strait of Hormuz and a new global energy crisis.In a …<\/p>\n","protected":false},"author":1,"featured_media":3572,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-3571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"acf":[],"_links":{"self":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts\/3571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3571"}],"version-history":[{"count":0,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts\/3571\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/media\/3572"}],"wp:attachment":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}