With the near-total closure of the Strait of Hormuz since March 1st, nearly 200 million barrels of oil from the Gulf have not entered the market. The fear of a prolonged war pushed oil prices to near 120 dollars this Monday at the opening of the Asian session. The G7 decided to intervene. Expresso spoke with Barry Eichengreen, Peter Cohan, Dan Steinbock, Pedro Amaral, João Queiroz, and Luis Mah.
Temporary disruption or here to stay? In doubt, G7 negotiates the release of 300,000 barrels from reserves
Monday, 9 March 2026RSS
Context & Explainers
Joaquim Miranda Sarmento is Portugal’s Finance Minister who gave a hearing before the Budget, Finance and Public Administration Committee about fiscal measures affecting housing. His remarks matter to expats because finance ministry decisions — like exemptions and public guarantees for young homebuyers — influence the property market, taxes and programmes that can affect housing affordability.
AI Summary AvailableG7 holds off on releasing oil reserves despite price spikesRead the synthesized summary with context and explainers
View full article on Expresso
