Gas & oil
Gulf nations have found ways to keep oil flowing through the Iran war, but the costs are mounting
When Iran shut down the Strait of Hormuz at the start of the war, many feared that prices would skyrocket, cratering the world economy

Global energy markets face ongoing volatility as Gulf nations navigate supply routes during the Iran war and the EU warns against potential US diesel export bans. These supply constraints and high production costs are impacting businesses and consumers through rising fuel prices and industrial production suspensions. Observers are now monitoring how these geopolitical tensions and shifting government policies, including new tax subsidies for fossil fuel firms, will influence energy security and costs heading into winter.
2 stories say getting worse
Reported by several outletsDeadline Jan 15, 2027
Will the European Union report a diesel supply shortage or implement emergency rationing by January 15, 2027?
No moves yet. The odds change only when one of the events below is confirmed by at least two outlets or an official source.
These are possible future events Zoose is watching for, not news. None has happened unless it is marked Confirmed.
Started at 35% / 65% on Sep 25. Each event can fire once.
Odds move when a signpost is confirmed by the news.
New forecast: Will the European Union report a diesel supply shortage or implement emergency rationing by January 15, 2027? Starting odds: Shortage or rationing reported 35%, Supply remains stable 65%.
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Gas & oil
When Iran shut down the Strait of Hormuz at the start of the war, many feared that prices would skyrocket, cratering the world economy
Odds move when a signpost is confirmed by the news.
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A rapid surge in the price of diesel fuel is straining businesses and threatening to raise costs across the economy. It's also putting pressure on President Trump to bring relief at the pump, including through a diesel export ban that's been pushed by some Republican lawmakers ahead of November's midterm elections. Wil