Global Energy Crisis Deepens as Oil, LNG, and Commodity Markets Face Disruptions

A series of events is putting pressure on global energy markets. Goldman Sachs' CEO warned that an oil shock could change how consumers behave, while Kuwait said its oil output won't recover for 10-12 weeks after the Strait of Hormuz reopens. Britain's borrowing outlook worsened as its energy crisis deepened, and Japan committed $19.4 billion to fight its own energy crunch. Meanwhile, an Australian LNG strike at the Ichthys plant began disrupting cargo loadings, and South Korea locked in long-term deals for Canadian crude and LNG to overhaul its supply. Copper prices topped $14,000 as banks predicted further gains, and BlackRock-backed Atlas Renewable froze $1 billion in Brazilian solar projects. Senator Rubio said the U.S. wants to end waivers on Russian oil "as soon as possible."