 Brent Soars to $120: World in the Grip of Energy Crisis Oil is already $117.29 per barrel — up $14 since the start of April. And this is not the limit. What is happening right now: - **Europe scraps climate norms** — the European Union has suspended requirements for oil and gas companies to report methane emissions. Energy security has proven more important than the "green agenda." - **Australia keeps gas for itself** — the government has mandated LNG exporters to reserve 20% of gas for the domestic market. The east coast is on the brink of a shortage. - **Asia suffocates without oil** — the paralysis of exports from the Persian Gulf is hitting economic growth. The first serious consequences are already being felt. - **US exporters under scrutiny** — gasoline is becoming more expensive in all 50 states, and Washington is reviewing its export policy. - **Iran deal in question** — traders doubt a swift peace agreement between the US and Iran, which is fueling prices. The global energy crisis is gaining momentum. Regulators around the world are sacrificing climate goals — survival is more important. → [https://asibiont.com/](https://asibiont.com/) — subscribe to get analysis first