How did we get here? As we face the early winds of what is the largest energy shock in history, Europe is caught in the cross. Having given up Russian LNG and energy imports, we now rely heavily on The US for energy. We have traded a supposed Russian boogeyman for a manacle empire that will assert its dominance today.
Brent Oil Faces Rising Selling Pressure as Hormuz Flows Recover
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Key Points:
- Europe's US energy dependence: 58% of LNG, 25% of diesel, 19% of crude now sourced from the US (Eurostat, Q2 2026). The single number that carries the piece's thesis.
- Trump signaled support for restricting US diesel exports; Energy Secretary Wright pushed back, no policy set (Reuters, 24 Sep 2026). The news hook.
- Managed Money increased Brent shorts 23.2% week-on-week (ICE COT, 22 Sep 2026), a level read as crowded and squeeze-prone. Actionable/contrarian angle for a trading audience.