2026-05-05
The Wire Daily
Europe Edition: Oil at $116, Heat Pumps Surge, and the Fracturing of the Western Energy Order
Strait of Hormuz tensions push Brent within striking distance of recession-triggering levels as Europe accelerates energy transition amid crisis.
The Wire Daily
Strait of Hormuz Escalation Drives Decoupling Across Energy, Tech, and Capital Markets
Military convoy deployment, zero-percent China market share, and $43.6 billion in strategic M&A signal accelerating bifurcation as oil nears recession threshold.