Gas, fuel, transport: what is the bill of the crisis in Iran for Italia

First economic damage count. The escalation of the war in the Middle East also overwhelms the stock markets, which close in the deep red (Milan -2%) and see gas, oil and dollar quotations skyrocket. Especially the blockade of the Strait of Hormuz, where huge flows of greece and Gnl pass through, weighed heavily.

The price of gas rose by almost 40%. Important increases also for oil while the European stock exchanges slipped, in some cases heavily, with a total of over 300 billion 'burnt'. But the winds of war in the Gulf especially inflamed natural gas, which closed in Amsterdam with a 39% boom at EUR 44.5 per Megawatt-hour and a high for the day at EUR 49, at the highest levels since October 2022.

The rises linked to the attack on Tehran were further strengthened by QatarEnergy's announcement on stopping production of liquefied natural gas after retaliation on its Ras Laffan plant, the world's largest. The blockade of the Strait of Hormuz also pushed oil, which in New York moved up an average of 5 per cent to $70 a barrel, with session highs of $75 at the start of the session. Europe's Brent reached as high as 80 dollars per barrel. A picture that is becoming worrying for consumers.

The fuel pricesi are rising sharply, with new increases on diesel, which is already at its highest level for a year. And according to the Staffetta Quotidiana on energy sources we are 'only at the beginning'. The increases recorded on the first day of the week do not take into account this jump in oil prices, so the effects on prices at the pump will only be seen in the coming hours.

In short, the risk is of 'a new sting for families'. This is stated by Codacons, which warns - after the first effects on fuel prices - that the consequences could soon extend to bills and prices of transported products.