Hormuz disruption and Saudi supply shock push Brent above $107, TTF to €83

Brent crude has surged above $107 and European TTF gas to €83/MWh following an energy shock originating from the Strait of Hormuz and Saudi Arabia, per Greek government statements. The government is monitoring the situation and may reinstate electricity subsidies if conditions warrant. The exact nature of the disruption—whether a military incident, infrastructure attack, or supply cut—remains unspecified, but the price spike signals a significant supply-side shock with direct implications for European energy costs and inflation.