Fuel Origin

Events / Shipping disruption

Strait of Hormuz shipping disruption (2026)

Dates
2026-02-28 → no end date recorded
Dated to
the day
Status
Ongoing
Scope
Strait of Hormuz / Persian Gulf

What the sources said

Onset date as published by two independent agencies. IEA, 11 March 2026: "The conflict in the Middle East that began on 28 February 2026 has impeded oil flows through the Strait of Hormuz, with export volumes of crude and refined products currently at less than 10% of pre-conflict levels." EIA Short-Term Energy Outlook, April 2026: "The strait has been effectively closed to shipping traffic since military action began on February 28." EIA STEO March 2026 dates the same onset ("the onset of military action in the Middle East that began on February 28"). Reported transit volumes: EIA STEO August 2026 - "crude oil and petroleum liquids transported through the Strait of Hormuz averaged 4.9 million barrels per day (b/d) in the second quarter of 2026 (2Q26), down from an average of 21.6 million b/d in 4Q25 before the conflict began"; IEA commentary 22 June 2026 gives an average of 2.7 million b/d for March-May 2026 against "around 20 million barrels per day" before. Date disagreement recorded, not resolved: EIA Today in Energy of 15 July 2026 dates the US-Iran memorandum of understanding on resuming traffic to 17 June 2026, while the EIA press release of 7 July 2026 dates the same memorandum to 18 June 2026. No end date is recorded: EIA STEO September 2026 still describes flows through the strait as constrained and variable, and EIA STEO August 2026 records renewed attacks on tankers from 7 July 2026. This row is a timeline marker only; it makes no statement about prices.

IEA, EIA, European Commission, European Council and national legislators (cited per row)Verified
Retrieved 2026-09-23 07:22 UTCRevision 1
Source documents (7)
CountryCountryGermanyFranceNetherlandsPolandFinlandEstoniaAustriaBelgiumBulgariaCroatiaCyprusCzechiaDenmarkGreeceHungaryIrelandItalyLatviaLithuaniaLuxembourgMaltaPortugalRomaniaSlovakiaSloveniaSpainSweden
FuelFuelDiesel (automotive gas oil)Petrol (Euro-super 95)Both fuels

Choosing a fuel keeps that fuel's series and the channels shared by every fuel - the crude benchmark, FX, crude imports and Hormuz exposure. It drops only the other fuel's series.

The event window

What each series was worth from -30 to 90 days around the event date, how far that is from the same series' level at the event date, and how big that move is against the series' own normal variation.

Finland, all fuels in this run. 20 series can be drawn; 9 cannot be seen at all and are shown as labelled empty panels below.

254 published readings, 6 offsets with nothing published within one period, and 117 offsets on series we cannot see at all. Every one of them is on this page.

Europe Brent spot FOB

Unit: $ per barrelPublished: dailyCalculatedHigh
T0−30T0+30+60+90130.763.52026-01-29: 71.00 $ per barrel, used for offsets −302026-02-13: 69.96 $ per barrel, used for offsets −142026-02-20: 72.75 $ per barrel, used for offsets −72026-02-25: 70.69 $ per barrel, used for offsets −3same print as T0 — 2026-02-27, 71.32 $ per barrel, used for offsets −1, T0, +12026-03-03: 83.28 $ per barrel, used for offsets +32026-03-06: 95.74 $ per barrel, used for offsets +72026-03-13: 103.2 $ per barrel, used for offsets +142026-03-30: 121.9 $ per barrel, used for offsets +302026-04-29: 124.2 $ per barrel, used for offsets +602026-05-29: 92.88 $ per barrel, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset.

Window table for Europe Brent spot FOB: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302026-01-2971.00-0.320-0.45%-0.23
−142026-02-1369.96-1.360-1.91%-0.99
−72026-02-2072.75+1.430+2.01%+1.04
−32026-02-2570.69-0.630-0.88%-0.46
−12026-02-27same print as T071.320.0000.00%0.00
T02026-02-27same print as T071.320.0000.00%0.00
+12026-02-27same print as T071.320.0000.00%0.00
+32026-03-0383.28+11.960+16.77%+8.68
+72026-03-0695.74+24.420+34.24%+17.72
+142026-03-13103.2+31.910+44.74%+23.16
+302026-03-30121.9+50.560+70.89%+36.70
+602026-04-29124.2+52.840+74.09%+38.35
+902026-05-2992.88+21.560+30.23%+15.65

One volatility unit for this series is 1.93%, the standard deviation of its own day-on-day percentage changes over the three years before the event (756 changes). It is not a significance test.

reported crude oil imports, all origins

Unit: tonnesPublished: monthlyCalculatedHigh
T0−30T0+30+60+90963,20002026-01-01: 0 tonnes, used for offsets −30same print as T0 — 2026-02-01, 0 tonnes, used for offsets −14, −7, −3, −1, T02026-03-01: 0 tonnes, used for offsets +1, +3, +7, +14, +302026-04-01: 860,000 tonnes, used for offsets +602026-05-01: 0 tonnes, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for reported crude oil imports, all origins: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302026-01-0100.000not publishednot published
−142026-02-01same print as T000.000not publishednot published
−72026-02-01same print as T000.000not publishednot published
−32026-02-01same print as T000.000not publishednot published
−12026-02-01same print as T000.000not publishednot published
T02026-02-01same print as T000.000not publishednot published
+12026-03-0100.000not publishednot published
+32026-03-0100.000not publishednot published
+72026-03-0100.000not publishednot published
+142026-03-0100.000not publishednot published
+302026-03-0100.000not publishednot published
+602026-04-01860,000+860,000not publishednot published
+902026-05-0100.000not publishednot published

One volatility unit for this series is 41.93%, the standard deviation of its own month-on-month percentage changes over the three years before the event (22 changes). It is not a significance test.

crude-only expected pre-tax price: the T0 bulletin-week price plus what the stored pass-through curves say crude alone would have done since

Unit: € per litrePublished: weeklyCalculatedMedium
T0−30T0+30+60+901.2220.5682026-01-26: 0.6313 € per litre, used for offsets −302026-02-09: 0.6340 € per litre, used for offsets −142026-02-16: 0.6416 € per litre, used for offsets −7same print as T0 — 2026-02-23, 0.6422 € per litre, used for offsets −3, −1, T0, +12026-03-02: 0.7240 € per litre, used for offsets +3, +72026-03-09: 0.7865 € per litre, used for offsets +142026-03-30: 0.9464 € per litre, used for offsets +302026-04-27: 1.049 € per litre, used for offsets +602026-05-25: 1.159 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for crude-only expected pre-tax price: the T0 bulletin-week price plus what the stored pass-through curves say crude alone would have done since: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302026-01-260.6313-0.011-1.70%-0.07
−142026-02-090.6340-0.008-1.26%-0.05
−72026-02-160.6416-0.001-0.09%-0.00
−32026-02-23same print as T00.64220.0000.00%0.00
−12026-02-23same print as T00.64220.0000.00%0.00
T02026-02-23same print as T00.64220.0000.00%0.00
+12026-02-23same print as T00.64220.0000.00%0.00
+32026-03-020.7240+0.082+12.74%+0.53
+72026-03-020.7240+0.082+12.74%+0.53
+142026-03-090.7865+0.144+22.47%+0.93
+302026-03-300.9464+0.304+47.37%+1.96
+602026-04-271.049+0.407+63.36%+2.62
+902026-05-251.159+0.517+80.44%+3.32

One volatility unit for this series is 24.20%, the standard deviation of its own week-on-week percentage changes over the three years before the event (155 changes). It is not a significance test.

ECB euro foreign exchange reference rate

Unit: US dollars per euroPublished: dailyCalculatedHigh
T0−30T0+30+60+901.2031.1422026-01-29: 1.197 US dollars per euro, used for offsets −302026-02-13: 1.186 US dollars per euro, used for offsets −142026-02-20: 1.177 US dollars per euro, used for offsets −72026-02-25: 1.178 US dollars per euro, used for offsets −3same print as T0 — 2026-02-27, 1.181 US dollars per euro, used for offsets −1, T0, +12026-03-03: 1.161 US dollars per euro, used for offsets +32026-03-06: 1.156 US dollars per euro, used for offsets +72026-03-13: 1.148 US dollars per euro, used for offsets +142026-03-30: 1.148 US dollars per euro, used for offsets +302026-04-29: 1.171 US dollars per euro, used for offsets +602026-05-29: 1.164 US dollars per euro, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset.

Window table for ECB euro foreign exchange reference rate: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302026-01-291.197+0.016+1.38%+3.12
−142026-02-131.186+0.006+0.48%+1.09
−72026-02-201.177-0.004-0.32%-0.73
−32026-02-251.178-0.002-0.18%-0.40
−12026-02-27same print as T01.1810.0000.00%0.00
T02026-02-27same print as T01.1810.0000.00%0.00
+12026-02-27same print as T01.1810.0000.00%0.00
+32026-03-031.161-0.020-1.69%-3.81
+72026-03-061.156-0.024-2.07%-4.67
+142026-03-131.148-0.033-2.79%-6.29
+302026-03-301.148-0.032-2.72%-6.14
+602026-04-291.171-0.010-0.84%-1.89
+902026-05-291.164-0.016-1.36%-3.08

One volatility unit for this series is 0.44%, the standard deviation of its own day-on-day percentage changes over the three years before the event (765 changes). It is not a significance test.

direct crude Hormuz exposure D1

Unit: % of imported tonnesPublished: monthlyInferred · mediumLow
T0−30T0+30+60+901.0000.0002026-01-01: 0 % of imported tonnes, used for offsets −30same print as T0 — 2026-02-01, 0 % of imported tonnes, used for offsets −14, −7, −3, −1, T02026-03-01: 0 % of imported tonnes, used for offsets +1, +3, +7, +14, +302026-04-01: 0 % of imported tonnes, used for offsets +602026-05-01: 0 % of imported tonnes, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for direct crude Hormuz exposure D1: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302026-01-0100.000not publishednot published
−142026-02-01same print as T000.000not publishednot published
−72026-02-01same print as T000.000not publishednot published
−32026-02-01same print as T000.000not publishednot published
−12026-02-01same print as T000.000not publishednot published
T02026-02-01same print as T000.000not publishednot published
+12026-03-0100.000not publishednot published
+32026-03-0100.000not publishednot published
+72026-03-0100.000not publishednot published
+142026-03-0100.000not publishednot published
+302026-03-0100.000not publishednot published
+602026-04-0100.000not publishednot published
+902026-05-0100.000not publishednot published

No normal volatility is published for this series, so no change is expressed in volatility units. That is a missing input, not a zero.

direct refined-product Hormuz exposure D2

Unit: % of imported tonnesPublished: monthlyUnknownUnknown
T0−30T0+30+60+9014.630.002026-03-01: 0.8658 % of imported tonnes, used for offsets +1, +3, +7, +14, +302026-04-01: 3.136 % of imported tonnes, used for offsets +602026-05-01: 0 % of imported tonnes, used for offsets +902026-02-01: 8.955 to 13.06 % of imported tonnes. No point estimate is published, so no midpoint is drawn.

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. The line stops at −30 where no figure was published within one period of the offset. The shaded band is the admissible range. No midpoint is drawn, because no point estimate is published.

Window table for direct refined-product Hormuz exposure D2: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302026-01-01not publishednot publishednot publishednot published
−142026-02-018.955–13.06not publishednot publishednot published
−72026-02-018.955–13.06not publishednot publishednot published
−32026-02-018.955–13.06not publishednot publishednot published
−12026-02-018.955–13.06not publishednot publishednot published
T02026-02-018.955–13.06not publishednot publishednot published
+12026-03-010.8658not publishednot publishednot published
+32026-03-010.8658not publishednot publishednot published
+72026-03-010.8658not publishednot publishednot published
+142026-03-010.8658not publishednot publishednot published
+302026-03-010.8658not publishednot publishednot published
+602026-04-013.136not publishednot publishednot published
+902026-05-010not publishednot publishednot published

One volatility unit for this series is 88.43%, the standard deviation of its own month-on-month percentage changes over the three years before the event (18 changes). It is not a significance test.

inventory exposure D7: published days of emergency stock cover, carried through

Unit: days of coverPublished: monthlyCalculatedHigh
T0−30T0+30+60+90213.30.02026-01-01: 190.4 days of cover, used for offsets −30same print as T0 — 2026-02-01, 190.4 days of cover, used for offsets −14, −7, −3, −1, T02026-03-01: 190.3 days of cover, used for offsets +1, +3, +7, +14, +302026-04-01: 181.8 days of cover, used for offsets +602026-05-01: 0 days of cover, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for inventory exposure D7: published days of emergency stock cover, carried through: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302026-01-01190.40.0000.00%0.00
−142026-02-01same print as T0190.40.0000.00%0.00
−72026-02-01same print as T0190.40.0000.00%0.00
−32026-02-01same print as T0190.40.0000.00%0.00
−12026-02-01same print as T0190.40.0000.00%0.00
T02026-02-01same print as T0190.40.0000.00%0.00
+12026-03-01190.3-0.125-0.07%-0.00
+32026-03-01190.3-0.125-0.07%-0.00
+72026-03-01190.3-0.125-0.07%-0.00
+142026-03-01190.3-0.125-0.07%-0.00
+302026-03-01190.3-0.125-0.07%-0.00
+602026-04-01181.8-8.604-4.52%-0.26
+902026-05-010-190.414-100.00%-5.69

One volatility unit for this series is 17.58%, the standard deviation of its own month-on-month percentage changes over the three years before the event (33 changes). It is not a significance test.

crude cost per litre: Brent in EUR/L averaged over the bulletin week (refinery yield not modelled)

Unit: € per litrePublished: weeklyCalculatedHigh
T0−30T0+30+60+900.7130.3352026-01-26: 0.3714 € per litre, used for offsets −302026-02-09: 0.3742 € per litre, used for offsets −142026-02-16: 0.3817 € per litre, used for offsets −7same print as T0 — 2026-02-23, 0.3806 € per litre, used for offsets −3, −1, T0, +12026-03-02: 0.4615 € per litre, used for offsets +3, +72026-03-09: 0.5233 € per litre, used for offsets +142026-03-30: 0.6763 € per litre, used for offsets +302026-04-27: 0.6445 € per litre, used for offsets +602026-05-25: 0.5248 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for crude cost per litre: Brent in EUR/L averaged over the bulletin week (refinery yield not modelled): value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302026-01-260.3714-0.009-2.40%-0.66
−142026-02-090.3742-0.006-1.68%-0.46
−72026-02-160.3817+0.001+0.29%+0.08
−32026-02-23same print as T00.38060.0000.00%0.00
−12026-02-23same print as T00.38060.0000.00%0.00
T02026-02-23same print as T00.38060.0000.00%0.00
+12026-02-23same print as T00.38060.0000.00%0.00
+32026-03-020.4615+0.081+21.26%+5.80
+72026-03-020.4615+0.081+21.26%+5.80
+142026-03-090.5233+0.143+37.50%+10.24
+302026-03-300.6763+0.296+77.69%+21.21
+602026-04-270.6445+0.264+69.35%+18.93
+902026-05-250.5248+0.144+37.88%+10.34

One volatility unit for this series is 3.66%, the standard deviation of its own week-on-week percentage changes over the three years before the event (155 changes). It is not a significance test.

crude cost per litre: Brent in EUR/L averaged over the bulletin week (refinery yield not modelled)

Unit: € per litrePublished: weeklyCalculatedHigh
T0−30T0+30+60+900.7130.3352026-01-26: 0.3714 € per litre, used for offsets −302026-02-09: 0.3742 € per litre, used for offsets −142026-02-16: 0.3817 € per litre, used for offsets −7same print as T0 — 2026-02-23, 0.3806 € per litre, used for offsets −3, −1, T0, +12026-03-02: 0.4615 € per litre, used for offsets +3, +72026-03-09: 0.5233 € per litre, used for offsets +142026-03-30: 0.6763 € per litre, used for offsets +302026-04-27: 0.6445 € per litre, used for offsets +602026-05-25: 0.5248 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for crude cost per litre: Brent in EUR/L averaged over the bulletin week (refinery yield not modelled): value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302026-01-260.3714-0.009-2.40%-0.66
−142026-02-090.3742-0.006-1.68%-0.46
−72026-02-160.3817+0.001+0.29%+0.08
−32026-02-23same print as T00.38060.0000.00%0.00
−12026-02-23same print as T00.38060.0000.00%0.00
T02026-02-23same print as T00.38060.0000.00%0.00
+12026-02-23same print as T00.38060.0000.00%0.00
+32026-03-020.4615+0.081+21.26%+5.80
+72026-03-020.4615+0.081+21.26%+5.80
+142026-03-090.5233+0.143+37.50%+10.24
+302026-03-300.6763+0.296+77.69%+21.21
+602026-04-270.6445+0.264+69.35%+18.93
+902026-05-250.5248+0.144+37.88%+10.34

One volatility unit for this series is 3.66%, the standard deviation of its own week-on-week percentage changes over the three years before the event (155 changes). It is not a significance test.

national total oil stocks (Eurostat, commercial holders), with the published days of cover alongside

Unit: tonnesPublished: monthlyCalculatedHigh
T0−30T0+30+60+904,308,8003,794,2002026-01-01: 3,985,000 tonnes, used for offsets −30same print as T0 — 2026-02-01, 3,882,000 tonnes, used for offsets −14, −7, −3, −1, T02026-03-01: 3,844,000 tonnes, used for offsets +1, +3, +7, +14, +302026-04-01: 3,976,000 tonnes, used for offsets +602026-05-01: 4,259,000 tonnes, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for national total oil stocks (Eurostat, commercial holders), with the published days of cover alongside: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302026-01-013,985,000+103,000+2.65%+0.73
−142026-02-01same print as T03,882,0000.0000.00%0.00
−72026-02-01same print as T03,882,0000.0000.00%0.00
−32026-02-01same print as T03,882,0000.0000.00%0.00
−12026-02-01same print as T03,882,0000.0000.00%0.00
T02026-02-01same print as T03,882,0000.0000.00%0.00
+12026-03-013,844,000-38,000-0.98%-0.27
+32026-03-013,844,000-38,000-0.98%-0.27
+72026-03-013,844,000-38,000-0.98%-0.27
+142026-03-013,844,000-38,000-0.98%-0.27
+302026-03-013,844,000-38,000-0.98%-0.27
+602026-04-013,976,000+94,000+2.42%+0.66
+902026-05-014,259,000+377,000+9.71%+2.66

One volatility unit for this series is 3.66%, the standard deviation of its own month-on-month percentage changes over the three years before the event (35 changes). It is not a significance test.

not explained by crude: actual pre-tax change since T0 minus the crude-only expected change. Never attributed

Unit: € per litrePublished: weeklyCalculatedMedium
T0−30T0+30+60+900.166-0.1722026-01-26: 0.1018 € per litre, used for offsets −302026-02-09: 0.0612 € per litre, used for offsets −142026-02-16: 0.1330 € per litre, used for offsets −7same print as T0 — 2026-02-23, 0 € per litre, used for offsets −3, −1, T0, +12026-03-02: 0.0913 € per litre, used for offsets +3, +72026-03-09: 0.0258 € per litre, used for offsets +142026-03-30: -0.0361 € per litre, used for offsets +302026-04-27: -0.1080 € per litre, used for offsets +602026-05-25: -0.1389 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for not explained by crude: actual pre-tax change since T0 minus the crude-only expected change. Never attributed: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302026-01-260.1018+0.102not publishednot published
−142026-02-090.0612+0.061not publishednot published
−72026-02-160.1330+0.133not publishednot published
−32026-02-23same print as T000.000not publishednot published
−12026-02-23same print as T000.000not publishednot published
T02026-02-23same print as T000.000not publishednot published
+12026-02-23same print as T000.000not publishednot published
+32026-03-020.0913+0.091not publishednot published
+72026-03-020.0913+0.091not publishednot published
+142026-03-090.0258+0.026not publishednot published
+302026-03-30-0.0361-0.036not publishednot published
+602026-04-27-0.1080-0.108not publishednot published
+902026-05-25-0.1389-0.139not publishednot published

No normal volatility is published for this series, so no change is expressed in volatility units. That is a missing input, not a zero.

Weekly Oil Bulletin price with taxes

Unit: € per litrePublished: weeklyCalculatedHigh
T0−30T0+30+60+902.4091.6662026-01-26: 1.848 € per litre, used for offsets −302026-02-09: 1.834 € per litre, used for offsets −142026-02-16: 1.919 € per litre, used for offsets −7same print as T0 — 2026-02-23, 1.738 € per litre, used for offsets −3, −1, T0, +12026-03-02: 1.951 € per litre, used for offsets +3, +72026-03-09: 2.042 € per litre, used for offsets +142026-03-30: 2.270 € per litre, used for offsets +302026-04-27: 2.337 € per litre, used for offsets +602026-05-25: 2.319 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for Weekly Oil Bulletin price with taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302026-01-261.848+0.110+6.34%+1.56
−142026-02-091.834+0.096+5.54%+1.37
−72026-02-161.919+0.181+10.44%+2.57
−32026-02-23same print as T01.7380.0000.00%0.00
−12026-02-23same print as T01.7380.0000.00%0.00
T02026-02-23same print as T01.7380.0000.00%0.00
+12026-02-23same print as T01.7380.0000.00%0.00
+32026-03-021.951+0.213+12.26%+3.02
+72026-03-021.951+0.213+12.26%+3.02
+142026-03-092.042+0.304+17.50%+4.31
+302026-03-302.270+0.532+30.64%+7.54
+602026-04-272.337+0.599+34.48%+8.49
+902026-05-252.319+0.581+33.41%+8.23

One volatility unit for this series is 4.06%, the standard deviation of its own week-on-week percentage changes over the three years before the event (155 changes). It is not a significance test.

Weekly Oil Bulletin price with taxes

Unit: € per litrePublished: weeklyCalculatedHigh
T0−30T0+30+60+902.2431.6562026-01-26: 1.827 € per litre, used for offsets −302026-02-09: 1.779 € per litre, used for offsets −142026-02-16: 1.879 € per litre, used for offsets −7same print as T0 — 2026-02-23, 1.713 € per litre, used for offsets −3, −1, T0, +12026-03-02: 1.930 € per litre, used for offsets +3, +72026-03-09: 1.926 € per litre, used for offsets +142026-03-30: 2.049 € per litre, used for offsets +302026-04-27: 2.088 € per litre, used for offsets +602026-05-25: 2.187 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for Weekly Oil Bulletin price with taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302026-01-261.827+0.114+6.66%+1.81
−142026-02-091.779+0.067+3.89%+1.06
−72026-02-161.879+0.166+9.71%+2.63
−32026-02-23same print as T01.7130.0000.00%0.00
−12026-02-23same print as T01.7130.0000.00%0.00
T02026-02-23same print as T01.7130.0000.00%0.00
+12026-02-23same print as T01.7130.0000.00%0.00
+32026-03-021.930+0.217+12.69%+3.44
+72026-03-021.930+0.217+12.69%+3.44
+142026-03-091.926+0.213+12.46%+3.38
+302026-03-302.049+0.336+19.65%+5.33
+602026-04-272.088+0.375+21.90%+5.94
+902026-05-252.187+0.474+27.68%+7.51

One volatility unit for this series is 3.69%, the standard deviation of its own week-on-week percentage changes over the three years before the event (155 changes). It is not a significance test.

Weekly Oil Bulletin price without taxes

Unit: € per litrePublished: weeklyCalculatedHigh
T0−30T0+30+60+901.4090.8172026-01-26: 0.9621 € per litre, used for offsets −302026-02-09: 0.9511 € per litre, used for offsets −142026-02-16: 1.019 € per litre, used for offsets −7same print as T0 — 2026-02-23, 0.8743 € per litre, used for offsets −3, −1, T0, +12026-03-02: 1.044 € per litre, used for offsets +3, +72026-03-09: 1.117 € per litre, used for offsets +142026-03-30: 1.299 € per litre, used for offsets +302026-04-27: 1.352 € per litre, used for offsets +602026-05-25: 1.337 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for Weekly Oil Bulletin price without taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302026-01-260.9621+0.088+10.05%+1.56
−142026-02-090.9511+0.077+8.78%+1.37
−72026-02-161.019+0.145+16.53%+2.57
−32026-02-23same print as T00.87430.0000.00%0.00
−12026-02-23same print as T00.87430.0000.00%0.00
T02026-02-23same print as T00.87430.0000.00%0.00
+12026-02-23same print as T00.87430.0000.00%0.00
+32026-03-021.044+0.170+19.41%+3.02
+72026-03-021.044+0.170+19.41%+3.02
+142026-03-091.117+0.242+27.71%+4.31
+302026-03-301.299+0.424+48.53%+7.55
+602026-04-271.352+0.478+54.62%+8.50
+902026-05-251.337+0.463+52.92%+8.24

One volatility unit for this series is 6.43%, the standard deviation of its own week-on-week percentage changes over the three years before the event (155 changes). It is not a significance test.

Weekly Oil Bulletin price without taxes

Unit: € per litrePublished: weeklyCalculatedHigh
T0−30T0+30+60+901.0650.5972026-01-26: 0.7330 € per litre, used for offsets −302026-02-09: 0.6953 € per litre, used for offsets −142026-02-16: 0.7746 € per litre, used for offsets −7same print as T0 — 2026-02-23, 0.6422 € per litre, used for offsets −3, −1, T0, +12026-03-02: 0.8153 € per litre, used for offsets +3, +72026-03-09: 0.8122 € per litre, used for offsets +142026-03-30: 0.9103 € per litre, used for offsets +302026-04-27: 0.9410 € per litre, used for offsets +602026-05-25: 1.020 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for Weekly Oil Bulletin price without taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302026-01-260.7330+0.091+14.15%+1.88
−142026-02-090.6953+0.053+8.27%+1.10
−72026-02-160.7746+0.132+20.62%+2.74
−32026-02-23same print as T00.64220.0000.00%0.00
−12026-02-23same print as T00.64220.0000.00%0.00
T02026-02-23same print as T00.64220.0000.00%0.00
+12026-02-23same print as T00.64220.0000.00%0.00
+32026-03-020.8153+0.173+26.96%+3.58
+72026-03-020.8153+0.173+26.96%+3.58
+142026-03-090.8122+0.170+26.49%+3.52
+302026-03-300.9103+0.268+41.75%+5.54
+602026-04-270.9410+0.299+46.53%+6.18
+902026-05-251.020+0.378+58.81%+7.81

One volatility unit for this series is 7.53%, the standard deviation of its own week-on-week percentage changes over the three years before the event (155 changes). It is not a significance test.

total tax per litre: price with taxes minus price without taxes

Unit: € per litrePublished: weeklyCalculatedHigh
T0−30T0+30+60+901.0000.8492026-01-26: 0.8860 € per litre, used for offsets −302026-02-09: 0.8832 € per litre, used for offsets −142026-02-16: 0.9005 € per litre, used for offsets −7same print as T0 — 2026-02-23, 0.8636 € per litre, used for offsets −3, −1, T0, +12026-03-02: 0.9069 € per litre, used for offsets +3, +72026-03-09: 0.9254 € per litre, used for offsets +142026-03-30: 0.9718 € per litre, used for offsets +302026-04-27: 0.9854 € per litre, used for offsets +602026-05-25: 0.9816 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for total tax per litre: price with taxes minus price without taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302026-01-260.8860+0.022+2.59%+1.62
−142026-02-090.8832+0.020+2.27%+1.41
−72026-02-160.9005+0.037+4.27%+2.66
−32026-02-23same print as T00.86360.0000.00%0.00
−12026-02-23same print as T00.86360.0000.00%0.00
T02026-02-23same print as T00.86360.0000.00%0.00
+12026-02-23same print as T00.86360.0000.00%0.00
+32026-03-020.9069+0.043+5.01%+3.12
+72026-03-020.9069+0.043+5.01%+3.12
+142026-03-090.9254+0.062+7.15%+4.46
+302026-03-300.9718+0.108+12.53%+7.80
+602026-04-270.9854+0.122+14.10%+8.78
+902026-05-250.9816+0.118+13.66%+8.51

One volatility unit for this series is 1.61%, the standard deviation of its own week-on-week percentage changes over the three years before the event (155 changes). It is not a significance test.

total tax per litre: price with taxes minus price without taxes

Unit: € per litrePublished: weeklyCalculatedHigh
T0−30T0+30+60+901.1781.0592026-01-26: 1.094 € per litre, used for offsets −302026-02-09: 1.084 € per litre, used for offsets −142026-02-16: 1.104 € per litre, used for offsets −7same print as T0 — 2026-02-23, 1.070 € per litre, used for offsets −3, −1, T0, +12026-03-02: 1.115 € per litre, used for offsets +3, +72026-03-09: 1.114 € per litre, used for offsets +142026-03-30: 1.139 € per litre, used for offsets +302026-04-27: 1.147 € per litre, used for offsets +602026-05-25: 1.167 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for total tax per litre: price with taxes minus price without taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302026-01-261.094+0.023+2.16%+1.83
−142026-02-091.084+0.014+1.26%+1.07
−72026-02-161.104+0.034+3.16%+2.67
−32026-02-23same print as T01.0700.0000.00%0.00
−12026-02-23same print as T01.0700.0000.00%0.00
T02026-02-23same print as T01.0700.0000.00%0.00
+12026-02-23same print as T01.0700.0000.00%0.00
+32026-03-021.115+0.044+4.13%+3.49
+72026-03-021.115+0.044+4.13%+3.49
+142026-03-091.114+0.043+4.05%+3.43
+302026-03-301.139+0.068+6.39%+5.40
+602026-04-271.147+0.076+7.12%+6.02
+902026-05-251.167+0.096+9.00%+7.61

One volatility unit for this series is 1.18%, the standard deviation of its own week-on-week percentage changes over the three years before the event (155 changes). It is not a significance test.

US proxy - not a European price: US diesel spot minus Brent spot, USD per barrel. A proxy for the Atlantic-basin product market, NOT a measure of European refining margins (§H).

Unit: $ per barrelPublished: dailyCalculatedLow
T0−30T0+30+60+9071.0527.842026-01-29: 32.03 $ per barrel, used for offsets −302026-02-13: 32.27 $ per barrel, used for offsets −142026-02-20: 37.84 $ per barrel, used for offsets −72026-02-25: 43.84 $ per barrel, used for offsets −3same print as T0 — 2026-02-27, 41.49 $ per barrel, used for offsets −1, T0, +12026-03-03: 52.13 $ per barrel, used for offsets +32026-03-06: 58.90 $ per barrel, used for offsets +72026-03-13: 66.83 $ per barrel, used for offsets +142026-03-30: 66.87 $ per barrel, used for offsets +302026-04-29: 54.93 $ per barrel, used for offsets +602026-05-29: 55.17 $ per barrel, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset.

Window table for US proxy - not a European price: US diesel spot minus Brent spot, USD per barrel. A proxy for the Atlantic-basin product market, NOT a measure of European refining margins (§H).: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302026-01-2932.03-9.466-22.81%-3.77
−142026-02-1332.27-9.224-22.23%-3.68
−72026-02-2037.84-3.656-8.81%-1.46
−32026-02-2543.84+2.352+5.67%+0.94
−12026-02-27same print as T041.490.0000.00%0.00
T02026-02-27same print as T041.490.0000.00%0.00
+12026-02-27same print as T041.490.0000.00%0.00
+32026-03-0352.13+10.636+25.63%+4.24
+72026-03-0658.90+17.412+41.96%+6.94
+142026-03-1366.83+25.336+61.06%+10.10
+302026-03-3066.87+25.376+61.16%+10.12
+602026-04-2954.93+13.436+32.38%+5.36
+902026-05-2955.17+13.678+32.97%+5.45

One volatility unit for this series is 6.05%, the standard deviation of its own day-on-day percentage changes over the three years before the event (733 changes). It is not a significance test.

US proxy - not a European price: US gasoline spot minus Brent spot, USD per barrel. A proxy for the Atlantic-basin product market, NOT a measure of European refining margins (§H).

Unit: $ per barrelPublished: dailyCalculatedLow
T0−30T0+30+60+9044.976.732026-01-29: 19.97 $ per barrel, used for offsets −302026-02-13: 10.43 $ per barrel, used for offsets −142026-02-20: 11.42 $ per barrel, used for offsets −72026-02-25: 13.39 $ per barrel, used for offsets −3same print as T0 — 2026-02-27, 15.87 $ per barrel, used for offsets −1, T0, +12026-03-03: 19.87 $ per barrel, used for offsets +32026-03-06: 20.56 $ per barrel, used for offsets +72026-03-13: 25.33 $ per barrel, used for offsets +142026-03-30: 21.09 $ per barrel, used for offsets +302026-04-29: 34.94 $ per barrel, used for offsets +602026-05-29: 41.27 $ per barrel, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset.

Window table for US proxy - not a European price: US gasoline spot minus Brent spot, USD per barrel. A proxy for the Atlantic-basin product market, NOT a measure of European refining margins (§H).: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302026-01-2919.97+4.100+25.83%+0.93
−142026-02-1310.43-5.444-34.30%-1.23
−72026-02-2011.42-4.454-28.06%-1.00
−32026-02-2513.39-2.478-15.61%-0.56
−12026-02-27same print as T015.870.0000.00%0.00
T02026-02-27same print as T015.870.0000.00%0.00
+12026-02-27same print as T015.870.0000.00%0.00
+32026-03-0319.87+4.000+25.20%+0.90
+72026-03-0620.56+4.686+29.52%+1.06
+142026-03-1325.33+9.460+59.60%+2.13
+302026-03-3021.09+5.216+32.86%+1.18
+602026-04-2934.94+19.064+120.11%+4.30
+902026-05-2941.27+25.396+160.01%+5.73

One volatility unit for this series is 27.92%, the standard deviation of its own day-on-day percentage changes over the three years before the event (733 changes). It is not a significance test.

US proxy - not a European price: US jet spot minus Brent spot, USD per barrel. A proxy for the Atlantic-basin product market, NOT a measure of European refining margins (§H).

Unit: $ per barrelPublished: dailyCalculatedLow
T0−30T0+30+60+9062.7117.062026-01-29: 23.42 $ per barrel, used for offsets −302026-02-13: 21.47 $ per barrel, used for offsets −142026-02-20: 27.04 $ per barrel, used for offsets −72026-02-25: 33.05 $ per barrel, used for offsets −3same print as T0 — 2026-02-27, 30.66 $ per barrel, used for offsets −1, T0, +12026-03-03: 41.29 $ per barrel, used for offsets +32026-03-06: 48.07 $ per barrel, used for offsets +72026-03-13: 56.03 $ per barrel, used for offsets +142026-03-30: 56.07 $ per barrel, used for offsets +302026-04-29: 58.29 $ per barrel, used for offsets +602026-05-29: 43.07 $ per barrel, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset.

Window table for US proxy - not a European price: US jet spot minus Brent spot, USD per barrel. A proxy for the Atlantic-basin product market, NOT a measure of European refining margins (§H).: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302026-01-2923.42-7.240-23.62%-2.64
−142026-02-1321.47-9.182-29.95%-3.35
−72026-02-2027.04-3.614-11.79%-1.32
−32026-02-2533.05+2.394+7.81%+0.87
−12026-02-27same print as T030.660.0000.00%0.00
T02026-02-27same print as T030.660.0000.00%0.00
+12026-02-27same print as T030.660.0000.00%0.00
+32026-03-0341.29+10.636+34.69%+3.88
+72026-03-0648.07+17.412+56.80%+6.35
+142026-03-1356.03+25.378+82.78%+9.26
+302026-03-3056.07+25.418+82.91%+9.28
+602026-04-2958.29+27.632+90.14%+10.08
+902026-05-2943.07+12.418+40.51%+4.53

One volatility unit for this series is 8.94%, the standard deviation of its own day-on-day percentage changes over the three years before the event (733 changes). It is not a significance test.

Not available: licence-blocked

A source exists and its licence does not permit us to republish it. These channels are not missing from the world, only from this page.

Arabian Gulf to north-west Europe dirty tanker rate

Tanker freight rates are licensed such that public display, onward passing and derived data are all expressly prohibited, verified verbatim, and no open institution publishes a tanker rate.

13 offsets in the window are affected.

EU refined-product benchmark

EU refined-product benchmarks (Platts / Argus) are proprietary with no redistribution grant. US crack spreads are not a valid EU proxy and are not substituted.

13 offsets in the window are affected.

EU refined-product benchmark

EU refined-product benchmarks (Platts / Argus) are proprietary with no redistribution grant. US crack spreads are not a valid EU proxy and are not substituted.

13 offsets in the window are affected.

north-west Europe refining margin / crack spread

No published refining-margin series is held, and computing a margin ourselves would need the licensed EU product benchmarks, which may not be republished.

13 offsets in the window are affected.

north-west Europe refining margin / crack spread

No published refining-margin series is held, and computing a margin ourselves would need the licensed EU product benchmarks, which may not be republished.

13 offsets in the window are affected.

wholesale / rack price

Wholesale / rack price series are proprietary with no redistribution grant.

13 offsets in the window are affected.

wholesale / rack price

Wholesale / rack price series are proprietary with no redistribution grant.

13 offsets in the window are affected.

Not available: reason not classified

The API gave a reason code this page does not recognise. Its own sentence is shown unchanged below.

crude-only expected pre-tax price: the T0 bulletin-week price plus what the stored pass-through curves say crude alone would have done since

Neither the most recent three-year pass-through window nor the full sample has a COMPUTED estimate for this country and fuel, so there is no measured crude response to project. No substitute such as full pass-through is used.

13 offsets in the window are affected.

not explained by crude: actual pre-tax change since T0 minus the crude-only expected change. Never attributed

Neither the most recent three-year pass-through window nor the full sample has a COMPUTED estimate for this country and fuel, so there is no measured crude response to project. No substitute such as full pass-through is used.

13 offsets in the window are affected.

Source
European Commission, Directorate-General for Energy (DG ENER)Unknown
Period 2026-01Updated 2026-09-25 14:09 UTCConfidenceUnknownMethodologyDownload CSV

T0 is 2026-02-28. The baseline window is -90 to -31 days. Offsets materialised: -30, -14, -7, -3, -1, 0, 1, 3, 7, 14, 30, 60, 90. Method 1.0, calculation event_study-1.0, computed 2026-09-25 14:09 UTC.

Is Strait of Hormuz shipping disruption (2026) really the reason?

The question splits into dimensions that are measured separately and never added into one number. Each row says whether we can see that dimension at all, and gives one published figure where we can.

Of the eight price-transmission channels this site reports, 4 have data in this run Calculated - a count of the rows below, not a measurement.

Methodology §11.1 publishes the thresholds the sentences below use: all eight channels present for the full comparison, at least three for the claim to be testable here at all, and 2.0 volatility units for a move to be described as outside a series' normal variation. Those are published wording choices, not statistical tests.

Dimensions of exposure to Strait of Hormuz shipping disruption (2026), each with its status and one published figure.
DimensionStatusPublished figure, or why there is none
Direct crude exposure (D1)Share of imported crude whose route requires the Strait of Hormuz.Observed
0 % of imported tonnes at +30 d (published 2026-03-01)
Direct product exposure (D2)Share of imported refined product whose route requires the Strait of Hormuz.Observed
0.8658 % of imported tonnes at +30 d (published 2026-03-01)
Emergency stock cover (D7)Days of cover the published emergency stocks amount to. A buffer against a supply disruption, not a share of imports, and not a price channel.Observed
190.3 days of cover at +30 d (published 2026-03-01)-0.07% from the level at T0 = -0.00 volatility units
Crude benchmarkThe quoted crude price European cargoes are priced against.Observed
121.9 $ per barrel at +30 d (published 2026-03-30)+70.89% from the level at T0 = +36.70 volatility units
Refined-product benchmarkThe quoted product price refineries and wholesalers price against.UnavailableEU refined-product benchmarks (Platts / Argus) are proprietary with no redistribution grant. US crack spreads are not a valid EU proxy and are not substituted.
Refining marginWhat refining a barrel into this product earned.UnavailableNo published refining-margin series is held, and computing a margin ourselves would need the licensed EU product benchmarks, which may not be republished.
Freight ratesWhat it cost to ship the cargo.UnavailableTanker freight rates are licensed such that public display, onward passing and derived data are all expressly prohibited, verified verbatim, and no open institution publishes a tanker rate.
InventoriesStocks held, which absorb or amplify a supply change.Observed
3,844,000 tonnes at +30 d (published 2026-03-01)-0.98% from the level at T0 = -0.27 volatility units
Wholesale pricesThe price between the refinery gate and the forecourt.UnavailableWholesale / rack price series are proprietary with no redistribution grant.
Pump price before taxThe pump price with excise, VAT and other fuel taxes stripped out.Observed
1.299 € per litre at +30 d (published 2026-03-30)+48.53% from the level at T0 = +7.55 volatility units
Pump price with taxWhat a driver actually paid.Observed
2.270 € per litre at +30 d (published 2026-03-30)+30.64% from the level at T0 = +7.54 volatility units

Physical exposure to the Strait of Hormuz and price exposure are different questions. A country with almost no direct physical exposure can still see its pump price move, because crude is priced globally - and a series that moved in this window may have moved for other reasons.

What the pump price did around this date

The decomposition page can be pinned to the weeks around the event date, so the pump move can be split into tax, input cost and the part the input cost does not account for.

Price decomposition, 2026-02-21 to 2026-03-30 →

The window is the published event date minus 7 days to plus 30 days. It is a window for looking, not a claim that the event caused what is inside it.

Actual vs crude-only: Finland, petrol (euro-super 95)

What the pre-tax price did from four weeks before to thirteen weeks after the event week, next to what it would have done had it followed only the crude input cost at the speed the stored pass-through estimate measures. The shaded difference is not explained by crude; it is not attributed to the event or to anything else. No fuel is selected, so petrol is shown.

2026-03-232026-05-25-250255075100c/L since the anchor week
  • Actual pre-tax change(official prices)
  • What crude alone would have done(calculated, with range)
  • Shaded: not explained by crude(not attributed to any cause)

Changes are measured from the bulletin week of 2026-02-23. Crude response taken from the stored pass-through estimate over the most recent three-year window (2023-09-25 to 2026-09-14). The light band is a conservative range, not a 90% interval. The shaded area is not explained by crude: refining margins, freight, retail margins and model error are all inside it, and none is named as its cause.

  • Over the 4 weeks after Strait of Hormuz shipping disruption (2026), crude costs alone would have moved Finland's pre-tax petrol price by +23.2 c/L (range +11.4–+35.1); it actually moved +32.1 c/L, leaving +8.8 c/L not explained by crude. Over the same period the US gasoline crack spread, a proxy for the Atlantic product market and not a European margin, widened by 9.9 $/bbl.
  • Over the 13 weeks after Strait of Hormuz shipping disruption (2026), crude costs alone would have moved Finland's pre-tax petrol price by +51.7 c/L (range +16.5–+86.8); it actually moved +37.8 c/L, leaving -13.9 c/L not explained by crude. Over the same period the US gasoline crack spread, a proxy for the Atlantic product market and not a European margin, widened by 27.0 $/bbl.

What the numbers support, sentence by sentence

Each sentence comes from a fixed template, chosen by published thresholds. Open “why this sentence” to see the numbers that selected it. None of this text is written by a language model, and none of it attributes cause.

  1. In the 7 days after Strait of Hormuz shipping disruption (2026), Finland's pre-tax petrol price moved +27.0%, which is 3.6 times its normal week-to-week variation over the previous three years — outside that range.

    about FinlandCalculatedHigh
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Strait of Hormuz shipping disruption (2026)
    value
    0.8153151936653386
    status
    OBSERVED
    country
    Finland
    z_score
    1.9778651883897702
    t0_value
    0.6421641614306407
    fuel_type
    EURO_SUPER_95
    change_pct
    26.963671072665374
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    offset_days
    7
    series_code
    RETAIL_PRETAX_FI_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    variation_label
    week-to-week
    observation_date
    2026-03-02
    same_observation
    false
    volatility_units
    3.579262379859465
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.17315103223469785
    change_pct_from_t0
    26.963671072665374
    observation_gap_days
    5
    normal_volatility_pct
    7.533303851762906
    change_in_volatility_units
    3.579262379859465
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2026-02-28T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Strait of Hormuz shipping disruption (2026)
    value
    0.8153151936653386
    status
    OBSERVED
    country
    Finland
    z_score
    1.9778651883897702
    t0_value
    0.6421641614306407
    fuel_type
    EURO_SUPER_95
    change_pct
    26.963671072665374
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    7
    series_code
    RETAIL_PRETAX_FI_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2026-03-02
    same_observation
    false
    volatility_units
    3.579262379859465
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.17315103223469785
    change_pct_from_t0
    26.963671072665374
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    5
    normal_volatility_pct
    7.533303851762906
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    3.579262379859465

    Template event.price_move.outside_normal v1.1 · Fingerprint 05b46169d712ae15575f0629d72f80958445a16c8c10f30cf82b9cf3008c6e40 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  2. In the 30 days after Strait of Hormuz shipping disruption (2026), Finland's pre-tax petrol price moved +41.7%, which is 5.5 times its normal week-to-week variation over the previous three years — outside that range.

    about FinlandCalculatedHigh
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Strait of Hormuz shipping disruption (2026)
    value
    0.9102554327091636
    status
    OBSERVED
    country
    Finland
    z_score
    3.448909074460552
    t0_value
    0.6421641614306407
    fuel_type
    EURO_SUPER_95
    change_pct
    41.74808987802399
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    offset_days
    30
    series_code
    RETAIL_PRETAX_FI_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    variation_label
    week-to-week
    observation_date
    2026-03-30
    same_observation
    false
    volatility_units
    5.54180352996837
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.26809127127852295
    change_pct_from_t0
    41.74808987802399
    observation_gap_days
    0
    normal_volatility_pct
    7.533303851762906
    change_in_volatility_units
    5.54180352996837
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2026-02-28T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Strait of Hormuz shipping disruption (2026)
    value
    0.9102554327091636
    status
    OBSERVED
    country
    Finland
    z_score
    3.448909074460552
    t0_value
    0.6421641614306407
    fuel_type
    EURO_SUPER_95
    change_pct
    41.74808987802399
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    30
    series_code
    RETAIL_PRETAX_FI_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2026-03-30
    same_observation
    false
    volatility_units
    5.54180352996837
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.26809127127852295
    change_pct_from_t0
    41.74808987802399
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    7.533303851762906
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    5.54180352996837

    Template event.price_move.outside_normal v1.1 · Fingerprint 432dce0ab908ae5d6852de4dd81aa219741beb3ac7b632d3619b350ed82ff03a · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  3. In the 90 days after Strait of Hormuz shipping disruption (2026), Finland's pre-tax petrol price moved +58.8%, which is 7.8 times its normal week-to-week variation over the previous three years — outside that range.

    about FinlandCalculatedHigh
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Strait of Hormuz shipping disruption (2026)
    value
    1.0198171856972111
    status
    OBSERVED
    country
    Finland
    z_score
    5.14650483052208
    t0_value
    0.6421641614306407
    fuel_type
    EURO_SUPER_95
    change_pct
    58.809420853574096
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    offset_days
    90
    series_code
    RETAIL_PRETAX_FI_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    variation_label
    week-to-week
    observation_date
    2026-05-25
    same_observation
    false
    volatility_units
    7.8065908412564315
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.37765302426657044
    change_pct_from_t0
    58.809420853574096
    observation_gap_days
    4
    normal_volatility_pct
    7.533303851762906
    change_in_volatility_units
    7.8065908412564315
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2026-02-28T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Strait of Hormuz shipping disruption (2026)
    value
    1.0198171856972111
    status
    OBSERVED
    country
    Finland
    z_score
    5.14650483052208
    t0_value
    0.6421641614306407
    fuel_type
    EURO_SUPER_95
    change_pct
    58.809420853574096
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    90
    series_code
    RETAIL_PRETAX_FI_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2026-05-25
    same_observation
    false
    volatility_units
    7.8065908412564315
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.37765302426657044
    change_pct_from_t0
    58.809420853574096
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    4
    normal_volatility_pct
    7.533303851762906
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    7.8065908412564315

    Template event.price_move.outside_normal v1.1 · Fingerprint 6c80699a599620b2233964b6394bb2fb87e06d8a54680c791dfb8d0702a6e7c2 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  4. In the 7 days after Strait of Hormuz shipping disruption (2026), Finland's tax-inclusive petrol price moved +12.7%, which is 3.4 times its normal week-to-week variation over the previous three years — outside that range.

    about FinlandCalculatedHigh
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Strait of Hormuz shipping disruption (2026)
    value
    1.9298499999999998
    status
    OBSERVED
    country
    Finland
    z_score
    2.0969326688790657
    t0_value
    1.7125454545454544
    fuel_type
    EURO_SUPER_95
    change_pct
    12.68897972183884
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    offset_days
    7
    series_code
    RETAIL_INCLTAX_FI_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    variation_label
    week-to-week
    observation_date
    2026-03-02
    same_observation
    false
    volatility_units
    3.44244240942622
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.21730454545454547
    change_pct_from_t0
    12.68897972183884
    observation_gap_days
    5
    normal_volatility_pct
    3.6860397975267265
    change_in_volatility_units
    3.44244240942622
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2026-02-28T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Strait of Hormuz shipping disruption (2026)
    value
    1.9298499999999998
    status
    OBSERVED
    country
    Finland
    z_score
    2.0969326688790657
    t0_value
    1.7125454545454544
    fuel_type
    EURO_SUPER_95
    change_pct
    12.68897972183884
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    7
    series_code
    RETAIL_INCLTAX_FI_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2026-03-02
    same_observation
    false
    volatility_units
    3.44244240942622
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.21730454545454547
    change_pct_from_t0
    12.68897972183884
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    5
    normal_volatility_pct
    3.6860397975267265
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    3.44244240942622

    Template event.price_move.outside_normal v1.1 · Fingerprint 3f91bc9981b14a6a75b3b40a5db65be32b63e2d274e1555ced810226b2ae721c · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  5. In the 30 days after Strait of Hormuz shipping disruption (2026), Finland's tax-inclusive petrol price moved +19.6%, which is 5.3 times its normal week-to-week variation over the previous three years — outside that range.

    about FinlandCalculatedHigh
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Strait of Hormuz shipping disruption (2026)
    value
    2.0490000000000004
    status
    OBSERVED
    country
    Finland
    z_score
    3.5310272977915975
    t0_value
    1.7125454545454544
    fuel_type
    EURO_SUPER_95
    change_pct
    19.64645928442513
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    offset_days
    30
    series_code
    RETAIL_INCLTAX_FI_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    variation_label
    week-to-week
    observation_date
    2026-03-30
    same_observation
    false
    volatility_units
    5.329963962301109
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.336454545454546
    change_pct_from_t0
    19.64645928442513
    observation_gap_days
    0
    normal_volatility_pct
    3.6860397975267265
    change_in_volatility_units
    5.329963962301109
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2026-02-28T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Strait of Hormuz shipping disruption (2026)
    value
    2.0490000000000004
    status
    OBSERVED
    country
    Finland
    z_score
    3.5310272977915975
    t0_value
    1.7125454545454544
    fuel_type
    EURO_SUPER_95
    change_pct
    19.64645928442513
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    30
    series_code
    RETAIL_INCLTAX_FI_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2026-03-30
    same_observation
    false
    volatility_units
    5.329963962301109
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.336454545454546
    change_pct_from_t0
    19.64645928442513
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    3.6860397975267265
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    5.329963962301109

    Template event.price_move.outside_normal v1.1 · Fingerprint 200931884eb2d7fba401826feb68a7d5b4c13ce994facd02527c065f2505f843 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  6. In the 90 days after Strait of Hormuz shipping disruption (2026), Finland's tax-inclusive petrol price moved +27.7%, which is 7.5 times its normal week-to-week variation over the previous three years — outside that range.

    about FinlandCalculatedHigh
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Strait of Hormuz shipping disruption (2026)
    value
    2.1865
    status
    OBSERVED
    country
    Finland
    z_score
    5.185983331996145
    t0_value
    1.7125454545454544
    fuel_type
    EURO_SUPER_95
    change_pct
    27.675443252999276
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    offset_days
    90
    series_code
    RETAIL_INCLTAX_FI_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    variation_label
    week-to-week
    observation_date
    2026-05-25
    same_observation
    false
    volatility_units
    7.508178091720294
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.47395454545454574
    change_pct_from_t0
    27.675443252999276
    observation_gap_days
    4
    normal_volatility_pct
    3.6860397975267265
    change_in_volatility_units
    7.508178091720294
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2026-02-28T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Strait of Hormuz shipping disruption (2026)
    value
    2.1865
    status
    OBSERVED
    country
    Finland
    z_score
    5.185983331996145
    t0_value
    1.7125454545454544
    fuel_type
    EURO_SUPER_95
    change_pct
    27.675443252999276
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    90
    series_code
    RETAIL_INCLTAX_FI_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2026-05-25
    same_observation
    false
    volatility_units
    7.508178091720294
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.47395454545454574
    change_pct_from_t0
    27.675443252999276
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    4
    normal_volatility_pct
    3.6860397975267265
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    7.508178091720294

    Template event.price_move.outside_normal v1.1 · Fingerprint 91423005cb620ff63b58882940f7e553c73e5749e0d96a34e1597458943f791b · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  7. In the 7 days after Strait of Hormuz shipping disruption (2026), Finland's pre-tax diesel price moved +19.4%, which is 3.0 times its normal week-to-week variation over the previous three years — outside that range.

    about FinlandCalculatedHigh
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Strait of Hormuz shipping disruption (2026)
    value
    1.0439844320318725
    status
    OBSERVED
    country
    Finland
    z_score
    1.9042533927646383
    t0_value
    0.8742705602462872
    fuel_type
    DIESEL
    change_pct
    19.412053831227702
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    offset_days
    7
    series_code
    RETAIL_PRETAX_FI_DIESEL
    series_kind
    pre-tax
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    variation_label
    week-to-week
    observation_date
    2026-03-02
    same_observation
    false
    volatility_units
    3.021265042141774
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.16971387178558528
    change_pct_from_t0
    19.412053831227702
    observation_gap_days
    5
    normal_volatility_pct
    6.425140979179536
    change_in_volatility_units
    3.021265042141774
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2026-02-28T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Strait of Hormuz shipping disruption (2026)
    value
    1.0439844320318725
    status
    OBSERVED
    country
    Finland
    z_score
    1.9042533927646383
    t0_value
    0.8742705602462872
    fuel_type
    DIESEL
    change_pct
    19.412053831227702
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    7
    series_code
    RETAIL_PRETAX_FI_DIESEL
    series_kind
    pre-tax
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2026-03-02
    same_observation
    false
    volatility_units
    3.021265042141774
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.16971387178558528
    change_pct_from_t0
    19.412053831227702
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    5
    normal_volatility_pct
    6.425140979179536
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    3.021265042141774

    Template event.price_move.outside_normal v1.1 · Fingerprint 5f582a29072c2b094f5d30380d4b687b7029cfd742955ae3f7f67a31c38ad0c3 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  8. In the 30 days after Strait of Hormuz shipping disruption (2026), Finland's pre-tax diesel price moved +48.5%, which is 7.6 times its normal week-to-week variation over the previous three years — outside that range.

    about FinlandCalculatedHigh
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Strait of Hormuz shipping disruption (2026)
    value
    1.2985262647011948
    status
    OBSERVED
    country
    Finland
    z_score
    5.32484328006132
    t0_value
    0.8742705602462872
    fuel_type
    DIESEL
    change_pct
    48.526820385601475
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    offset_days
    30
    series_code
    RETAIL_PRETAX_FI_DIESEL
    series_kind
    pre-tax
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    variation_label
    week-to-week
    observation_date
    2026-03-30
    same_observation
    false
    volatility_units
    7.552646789051179
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.42425570445490757
    change_pct_from_t0
    48.526820385601475
    observation_gap_days
    0
    normal_volatility_pct
    6.425140979179536
    change_in_volatility_units
    7.552646789051179
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2026-02-28T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Strait of Hormuz shipping disruption (2026)
    value
    1.2985262647011948
    status
    OBSERVED
    country
    Finland
    z_score
    5.32484328006132
    t0_value
    0.8742705602462872
    fuel_type
    DIESEL
    change_pct
    48.526820385601475
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    30
    series_code
    RETAIL_PRETAX_FI_DIESEL
    series_kind
    pre-tax
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2026-03-30
    same_observation
    false
    volatility_units
    7.552646789051179
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.42425570445490757
    change_pct_from_t0
    48.526820385601475
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    6.425140979179536
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    7.552646789051179

    Template event.price_move.outside_normal v1.1 · Fingerprint 162497ab0af00d22f44f4e8e140f1294ac33eeb285312bd402fbea87feed36c4 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  9. In the 90 days after Strait of Hormuz shipping disruption (2026), Finland's pre-tax diesel price moved +52.9%, which is 8.2 times its normal week-to-week variation over the previous three years — outside that range.

    about FinlandCalculatedHigh
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Strait of Hormuz shipping disruption (2026)
    value
    1.336892798565737
    status
    OBSERVED
    country
    Finland
    z_score
    5.8404213144120405
    t0_value
    0.8742705602462872
    fuel_type
    DIESEL
    change_pct
    52.915225486847724
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    offset_days
    90
    series_code
    RETAIL_PRETAX_FI_DIESEL
    series_kind
    pre-tax
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    variation_label
    week-to-week
    observation_date
    2026-05-25
    same_observation
    false
    volatility_units
    8.235652051576427
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.4626222383194498
    change_pct_from_t0
    52.915225486847724
    observation_gap_days
    4
    normal_volatility_pct
    6.425140979179536
    change_in_volatility_units
    8.235652051576427
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2026-02-28T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Strait of Hormuz shipping disruption (2026)
    value
    1.336892798565737
    status
    OBSERVED
    country
    Finland
    z_score
    5.8404213144120405
    t0_value
    0.8742705602462872
    fuel_type
    DIESEL
    change_pct
    52.915225486847724
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    90
    series_code
    RETAIL_PRETAX_FI_DIESEL
    series_kind
    pre-tax
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2026-05-25
    same_observation
    false
    volatility_units
    8.235652051576427
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.4626222383194498
    change_pct_from_t0
    52.915225486847724
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    4
    normal_volatility_pct
    6.425140979179536
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    8.235652051576427

    Template event.price_move.outside_normal v1.1 · Fingerprint 58970a04f1497f263cc7b24af9717efc63f1689514828140ba80d7d24a0f7a43 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  10. In the 7 days after Strait of Hormuz shipping disruption (2026), Finland's tax-inclusive diesel price moved +12.3%, which is 3.0 times its normal week-to-week variation over the previous three years — outside that range.

    about FinlandCalculatedHigh
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Strait of Hormuz shipping disruption (2026)
    value
    1.9509
    status
    OBSERVED
    country
    Finland
    z_score
    1.9938963012057103
    t0_value
    1.7379090909090906
    fuel_type
    DIESEL
    change_pct
    12.255584035151982
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    offset_days
    7
    series_code
    RETAIL_INCLTAX_FI_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    variation_label
    week-to-week
    observation_date
    2026-03-02
    same_observation
    false
    volatility_units
    3.0176196318205806
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.21299090909090945
    change_pct_from_t0
    12.255584035151982
    observation_gap_days
    5
    normal_volatility_pct
    4.0613415640320385
    change_in_volatility_units
    3.0176196318205806
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2026-02-28T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Strait of Hormuz shipping disruption (2026)
    value
    1.9509
    status
    OBSERVED
    country
    Finland
    z_score
    1.9938963012057103
    t0_value
    1.7379090909090906
    fuel_type
    DIESEL
    change_pct
    12.255584035151982
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    7
    series_code
    RETAIL_INCLTAX_FI_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2026-03-02
    same_observation
    false
    volatility_units
    3.0176196318205806
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.21299090909090945
    change_pct_from_t0
    12.255584035151982
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    5
    normal_volatility_pct
    4.0613415640320385
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    3.0176196318205806

    Template event.price_move.outside_normal v1.1 · Fingerprint d9a462f09e1a1e7892d9a18345b8261e6b1daf9f21b4af139b1a4be3b69fd605 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  11. In the 30 days after Strait of Hormuz shipping disruption (2026), Finland's tax-inclusive diesel price moved +30.6%, which is 7.5 times its normal week-to-week variation over the previous three years — outside that range.

    about FinlandCalculatedHigh
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Strait of Hormuz shipping disruption (2026)
    value
    2.2703499999999996
    status
    OBSERVED
    country
    Finland
    z_score
    5.314272087831578
    t0_value
    1.7379090909090906
    fuel_type
    DIESEL
    change_pct
    30.636867709368623
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    offset_days
    30
    series_code
    RETAIL_INCLTAX_FI_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    variation_label
    week-to-week
    observation_date
    2026-03-30
    same_observation
    false
    volatility_units
    7.543533885623942
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.532440909090909
    change_pct_from_t0
    30.636867709368623
    observation_gap_days
    0
    normal_volatility_pct
    4.0613415640320385
    change_in_volatility_units
    7.543533885623942
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2026-02-28T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Strait of Hormuz shipping disruption (2026)
    value
    2.2703499999999996
    status
    OBSERVED
    country
    Finland
    z_score
    5.314272087831578
    t0_value
    1.7379090909090906
    fuel_type
    DIESEL
    change_pct
    30.636867709368623
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    30
    series_code
    RETAIL_INCLTAX_FI_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2026-03-30
    same_observation
    false
    volatility_units
    7.543533885623942
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.532440909090909
    change_pct_from_t0
    30.636867709368623
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    4.0613415640320385
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    7.543533885623942

    Template event.price_move.outside_normal v1.1 · Fingerprint f8ba0d98888c33f755fcb84940b5aa7540cc34541a6b2b4de21e44aa2be4da63 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  12. In the 90 days after Strait of Hormuz shipping disruption (2026), Finland's tax-inclusive diesel price moved +33.4%, which is 8.2 times its normal week-to-week variation over the previous three years — outside that range.

    about FinlandCalculatedHigh
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Strait of Hormuz shipping disruption (2026)
    value
    2.3185000000000002
    status
    OBSERVED
    country
    Finland
    z_score
    5.8147450699134
    t0_value
    1.7379090909090906
    fuel_type
    DIESEL
    change_pct
    33.40743840560761
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    offset_days
    90
    series_code
    RETAIL_INCLTAX_FI_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    variation_label
    week-to-week
    observation_date
    2026-05-25
    same_observation
    false
    volatility_units
    8.225715044868378
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.5805909090909096
    change_pct_from_t0
    33.40743840560761
    observation_gap_days
    4
    normal_volatility_pct
    4.0613415640320385
    change_in_volatility_units
    8.225715044868378
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2026-02-28T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Strait of Hormuz shipping disruption (2026)
    value
    2.3185000000000002
    status
    OBSERVED
    country
    Finland
    z_score
    5.8147450699134
    t0_value
    1.7379090909090906
    fuel_type
    DIESEL
    change_pct
    33.40743840560761
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    90
    series_code
    RETAIL_INCLTAX_FI_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2026-05-25
    same_observation
    false
    volatility_units
    8.225715044868378
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.5805909090909096
    change_pct_from_t0
    33.40743840560761
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    4
    normal_volatility_pct
    4.0613415640320385
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    8.225715044868378

    Template event.price_move.outside_normal v1.1 · Fingerprint e634c693dc399a8b171167c576409ac815fe82f13747ab3d715d0c61e023ad38 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  13. Over the 4 weeks after Strait of Hormuz shipping disruption (2026), crude costs alone would have moved Finland's pre-tax petrol price by +23.2 c/L (range +11.4–+35.1); it actually moved +32.1 c/L, leaving +8.8 c/L not explained by crude. Over the same period the US gasoline crack spread, a proxy for the Atlantic product market and not a European margin, widened by 9.9 $/bbl.

    about FinlandCalculatedMedium
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    fuel
    petrol
    event
    Strait of Hormuz shipping disruption (2026)
    weeks
    4
    status
    COMPUTED
    country
    Finland
    fuel_type
    EURO_SUPER_95
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    series_code
    CRUDE_ONLY_EXPECTED_FI_EURO_SUPER_95
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    offset_weeks
    4
    proxy_product
    GASOLINE
    proxy_to_date
    2026-03-23
    pass_through_k
    0
    proxy_from_date
    2026-02-23
    observation_date
    2026-03-23
    gap_eur_per_litre
    0.08831036175162843
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2026-02-23
    actual_eur_per_litre
    0.32068091271278554
    expected_eur_per_litre
    0.2323705509611571
    proxy_volatility_units
    2.8999750350600633
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    9.9
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    expected_low_eur_per_litre
    0.11371659485111829
    expected_high_eur_per_litre
    0.3510245070711875
    proxy_normal_volatility_pct
    27.922644296421584
    Thresholds
    source
    docs/PRICE_MODEL.md §7.7; horizons are a v1 choice of this module
    proxy_rule
    the proxy sentence is added only when the US crack spread proxy moved by at least UNUSUAL_MOVE_VOLATILITY_UNITS of its normal day-to-day variation over the same weeks
    confidence_cap
    MEDIUM (docs/PRICE_MODEL.md §7.5)
    statement_weeks
    [4,13]
    unusual_move_volatility_units
    2
    Inputs
    t0
    2026-02-28T00:00:00+00:00
    fuel
    petrol
    event
    Strait of Hormuz shipping disruption (2026)
    weeks
    4
    status
    COMPUTED
    country
    Finland
    fuel_type
    EURO_SUPER_95
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    series_code
    CRUDE_ONLY_EXPECTED_FI_EURO_SUPER_95
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    offset_weeks
    4
    proxy_product
    GASOLINE
    proxy_to_date
    2026-03-23
    pass_through_k
    0
    proxy_from_date
    2026-02-23
    statement_topic
    event
    observation_date
    2026-03-23
    gap_eur_per_litre
    0.08831036175162843
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2026-02-23
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    actual_eur_per_litre
    0.32068091271278554
    expected_eur_per_litre
    0.2323705509611571
    proxy_volatility_units
    2.8999750350600633
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    9.9
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    study_calculation_version
    event_study-1.0
    expected_low_eur_per_litre
    0.11371659485111829
    expected_high_eur_per_litre
    0.3510245070711875
    proxy_normal_volatility_pct
    27.922644296421584

    Template event.crude_only.computed_with_proxy v1.1 · Fingerprint 0cd9cb079e5e47227f1ea47b1a5d4808e5a4834388d14add74b1d49cad71cf5d · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  14. Over the 13 weeks after Strait of Hormuz shipping disruption (2026), crude costs alone would have moved Finland's pre-tax petrol price by +51.7 c/L (range +16.5–+86.8); it actually moved +37.8 c/L, leaving -13.9 c/L not explained by crude. Over the same period the US gasoline crack spread, a proxy for the Atlantic product market and not a European margin, widened by 27.0 $/bbl.

    about FinlandCalculatedMedium
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    fuel
    petrol
    event
    Strait of Hormuz shipping disruption (2026)
    weeks
    13
    status
    COMPUTED
    country
    Finland
    fuel_type
    EURO_SUPER_95
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    series_code
    CRUDE_ONLY_EXPECTED_FI_EURO_SUPER_95
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    offset_weeks
    13
    proxy_product
    GASOLINE
    proxy_to_date
    2026-05-22
    pass_through_k
    0
    proxy_from_date
    2026-02-23
    observation_date
    2026-05-25
    gap_eur_per_litre
    -0.13892806419700243
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2026-02-23
    actual_eur_per_litre
    0.37765302426657044
    expected_eur_per_litre
    0.5165810884635729
    proxy_volatility_units
    7.918982333112501
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    27.034
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    expected_low_eur_per_litre
    0.16500294094182566
    expected_high_eur_per_litre
    0.8681592359853134
    proxy_normal_volatility_pct
    27.922644296421584
    Thresholds
    source
    docs/PRICE_MODEL.md §7.7; horizons are a v1 choice of this module
    proxy_rule
    the proxy sentence is added only when the US crack spread proxy moved by at least UNUSUAL_MOVE_VOLATILITY_UNITS of its normal day-to-day variation over the same weeks
    confidence_cap
    MEDIUM (docs/PRICE_MODEL.md §7.5)
    statement_weeks
    [4,13]
    unusual_move_volatility_units
    2
    Inputs
    t0
    2026-02-28T00:00:00+00:00
    fuel
    petrol
    event
    Strait of Hormuz shipping disruption (2026)
    weeks
    13
    status
    COMPUTED
    country
    Finland
    fuel_type
    EURO_SUPER_95
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    series_code
    CRUDE_ONLY_EXPECTED_FI_EURO_SUPER_95
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    offset_weeks
    13
    proxy_product
    GASOLINE
    proxy_to_date
    2026-05-22
    pass_through_k
    0
    proxy_from_date
    2026-02-23
    statement_topic
    event
    observation_date
    2026-05-25
    gap_eur_per_litre
    -0.13892806419700243
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2026-02-23
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    actual_eur_per_litre
    0.37765302426657044
    expected_eur_per_litre
    0.5165810884635729
    proxy_volatility_units
    7.918982333112501
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    27.034
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    study_calculation_version
    event_study-1.0
    expected_low_eur_per_litre
    0.16500294094182566
    expected_high_eur_per_litre
    0.8681592359853134
    proxy_normal_volatility_pct
    27.922644296421584

    Template event.crude_only.computed_with_proxy v1.1 · Fingerprint 898a0ad7129701789f267a998865cc4d18eb9d9a9560fea46f84d793c49b622f · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  15. What crude costs alone would have done to Finland's pre-tax diesel price over the 4 weeks after Strait of Hormuz shipping disruption (2026) is UNKNOWN: Neither the most recent three-year pass-through window nor the full sample has a COMPUTED estimate for this country and fuel (docs/PRICE_MODEL.md §4.5), so there is no measured crude response to project. No substitute such as full pass-through is used (docs/PRICE_MODEL.md §7.2).

    about FinlandUnknownUnknown
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    fuel
    diesel
    event
    Strait of Hormuz shipping disruption (2026)
    weeks
    4
    status
    UNKNOWN
    country
    Finland
    fuel_type
    DIESEL
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    reason_code
    NO_COMPUTED_PASS_THROUGH_ESTIMATE
    series_code
    CRUDE_ONLY_EXPECTED_FI_DIESEL
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    proxy_product
    null
    gap_eur_per_litre
    null
    actual_eur_per_litre
    null
    expected_eur_per_litre
    null
    proxy_volatility_units
    null
    proxy_change_usd_per_bbl
    null
    pass_through_window_label
    null
    expected_low_eur_per_litre
    null
    expected_high_eur_per_litre
    null
    Thresholds
    source
    docs/PRICE_MODEL.md §7.7; horizons are a v1 choice of this module
    proxy_rule
    the proxy sentence is added only when the US crack spread proxy moved by at least UNUSUAL_MOVE_VOLATILITY_UNITS of its normal day-to-day variation over the same weeks
    confidence_cap
    MEDIUM (docs/PRICE_MODEL.md §7.5)
    statement_weeks
    [4,13]
    unusual_move_volatility_units
    2
    Inputs
    t0
    2026-02-28T00:00:00+00:00
    fuel
    diesel
    event
    Strait of Hormuz shipping disruption (2026)
    weeks
    4
    status
    UNKNOWN
    country
    Finland
    fuel_type
    DIESEL
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    reason_code
    NO_COMPUTED_PASS_THROUGH_ESTIMATE
    series_code
    CRUDE_ONLY_EXPECTED_FI_DIESEL
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    proxy_product
    null
    statement_topic
    event
    gap_eur_per_litre
    null
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    actual_eur_per_litre
    null
    expected_eur_per_litre
    null
    proxy_volatility_units
    null
    proxy_change_usd_per_bbl
    null
    pass_through_window_label
    null
    study_calculation_version
    event_study-1.0
    expected_low_eur_per_litre
    null
    expected_high_eur_per_litre
    null

    Template event.crude_only.unknown v1.1 · Fingerprint d4657c94b4114259a30e46efb2bdc6b12f4aaff524dfd295e7b7fa48ed301324 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  16. Direct physical dependence on Hormuz-linked crude was limited (0%) for Finland in 2026-02.

    about FinlandInferred · mediumLow
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    band
    limited
    unit
    % of imported tonnes
    period
    2026-02
    status
    OBSERVED
    country
    Finland
    commodity
    crude
    dimension
    DIRECT_CRUDE
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    value_max_pct
    0
    value_min_pct
    0
    exposure_status
    COMPUTED
    value_point_pct
    0
    observation_date
    2026-02-01
    Thresholds
    source
    v1 choice of this module; docs/METHODOLOGY.md §9 publishes no bands
    band_applied_to
    upper bound of the range (docs/HORMUZ_METHOD.md §3.2: a range has no meaningful midpoint)
    dependence_limited_max_pct
    10
    dependence_moderate_max_pct
    33
    Inputs
    t0
    2026-02-28T00:00:00+00:00
    band
    limited
    unit
    % of imported tonnes
    period
    2026-02
    status
    OBSERVED
    country
    Finland
    commodity
    crude
    dimension
    DIRECT_CRUDE
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    value_max_pct
    0
    value_min_pct
    0
    exposure_status
    COMPUTED
    statement_topic
    hormuz
    value_point_pct
    0
    observation_date
    2026-02-01
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.dependence.point v1.1 · Fingerprint f6fe7e45d4a731f42d520dc6000d7146784051ed847bf576c9e6979b620ef569 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  17. Direct physical dependence on Hormuz-linked refined product was moderate (9%–13%) for Finland in 2026-02. No point estimate is published: the origins concerned export from both inside and outside the Persian Gulf and the split per period is not public.

    about FinlandCalculatedMedium
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    band
    moderate
    unit
    % of imported tonnes
    period
    2026-02
    status
    NO_OBSERVATION
    country
    Finland
    commodity
    refined product
    dimension
    DIRECT_PRODUCT
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    value_max_pct
    13.0597014925373
    value_min_pct
    8.95522388059701
    exposure_status
    PARTIAL
    value_point_pct
    null
    observation_date
    2026-02-01
    Thresholds
    source
    v1 choice of this module; docs/METHODOLOGY.md §9 publishes no bands
    band_applied_to
    upper bound of the range (docs/HORMUZ_METHOD.md §3.2: a range has no meaningful midpoint)
    dependence_limited_max_pct
    10
    dependence_moderate_max_pct
    33
    Inputs
    t0
    2026-02-28T00:00:00+00:00
    band
    moderate
    unit
    % of imported tonnes
    period
    2026-02
    status
    NO_OBSERVATION
    country
    Finland
    commodity
    refined product
    dimension
    DIRECT_PRODUCT
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    value_max_pct
    13.0597014925373
    value_min_pct
    8.95522388059701
    exposure_status
    PARTIAL
    statement_topic
    hormuz
    value_point_pct
    null
    observation_date
    2026-02-01
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.dependence.range v1.1 · Fingerprint 6706da7abcbea6e0a865446edffcea90585bd6a24c83a7163aef83dcaf875071 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  18. Available evidence does show a physical supply reduction: Finland's reported crude imports in 2026-02 were -100.0% against the mean of the previous 12 months.

    about FinlandCalculatedHigh
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    unit
    tonnes
    month
    2026-02
    country
    Finland
    change_pct
    -100.00000000000001
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    partner_role
    ORIGIN
    value_tonnes
    0
    baseline_months
    12
    observation_date
    2026-02-01
    series_source_ids
    ["eurostat_nrg_ti_oilm"]
    baseline_mean_tonnes
    50583.333333333336
    Thresholds
    source
    v1 choice of this module; docs/METHODOLOGY.md publishes no cut-off
    min_baseline_months
    6
    baseline_months_used
    12
    supply_reduction_pct
    -10
    supply_baseline_months
    12
    Inputs
    t0
    2026-02-28T00:00:00+00:00
    unit
    tonnes
    month
    2026-02
    country
    Finland
    change_pct
    -100.00000000000001
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    partner_role
    ORIGIN
    value_tonnes
    0
    baseline_months
    12
    statement_topic
    event
    observation_date
    2026-02-01
    series_source_ids
    ["eurostat_nrg_ti_oilm"]
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    baseline_mean_tonnes
    50583.333333333336
    study_calculation_version
    event_study-1.0

    Template event.supply.reduction v1.1 · Fingerprint fcdabac5c83cc629e1178c04c046494354a5236d1ce4eac56ccb9f6fed90319b · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  19. In 2026-02, Finland's oil stocks stood 3.3% below their trailing 12-month mean — inside the 5% either side that this site reads as in line with it, with 190.4 days of cover (as published).

    about FinlandCalculatedHigh
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    unit
    tonnes
    month
    2026-02
    status
    OBSERVED
    country
    Finland
    direction
    below
    siec_code
    O4000
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    holder_type
    STK_CL
    series_code
    INVENTORY_FI
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    days_of_cover
    190.414
    metric_status
    COMPUTED
    mom_change_pct
    -2.584692597239649
    observation_date
    2026-02-01
    series_source_ids
    ["eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm"]
    total_stock_tonnes
    3882000
    days_of_cover_basis
    as published by Eurostat (nrg_stk_oem, STK_EUE_DIR); not stocks divided by consumption (docs/HORMUZ_METHOD.md D7)
    observation_gap_days
    27
    trailing_12m_mean_tonnes
    4015250
    level_vs_trailing_12m_pct
    -3.3185978457132186
    trailing_12m_observations
    12
    Thresholds
    source
    v1 choice of this module; docs/METHODOLOGY.md publishes no band
    band_applied_to
    the rounded figure printed in the sentence
    days_of_cover_basis
    as published (Eurostat nrg_stk_oem, STK_EUE_DIR); never stocks divided by consumption (docs/HORMUZ_METHOD.md D7)
    trailing_window_months
    12
    level_vs_trailing_12m_pct_raw
    -3.3185978457132186
    level_vs_trailing_12m_pct_shown
    -3.3
    inventory_material_deviation_pct
    5
    Inputs
    t0
    2026-02-28T00:00:00+00:00
    unit
    tonnes
    month
    2026-02
    status
    OBSERVED
    country
    Finland
    direction
    below
    siec_code
    O4000
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    holder_type
    STK_CL
    series_code
    INVENTORY_FI
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    days_of_cover
    190.414
    metric_status
    COMPUTED
    mom_change_pct
    -2.584692597239649
    statement_topic
    event
    observation_date
    2026-02-01
    series_source_ids
    ["eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm"]
    total_stock_tonnes
    3882000
    calculation_version
    event_statements-1.0
    days_of_cover_basis
    as published by Eurostat (nrg_stk_oem, STK_EUE_DIR); not stocks divided by consumption (docs/HORMUZ_METHOD.md D7)
    methodology_version
    1.0
    observation_gap_days
    27
    trailing_12m_mean_tonnes
    4015250
    level_vs_trailing_12m_pct
    -3.3185978457132186
    study_calculation_version
    event_study-1.0
    trailing_12m_observations
    12

    Template event.inventory_level.in_line v1.1 · Fingerprint 7545ad456fed6df356a821e950d73a9536b3fb86230347a0c9688f3a95bda0c1 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  20. Summary of what can be checked here

    Only part of the chain can be checked for Finland around Strait of Hormuz shipping disruption (2026): 4 of the 8 series the method compares are available (crude benchmark, inventories, pre-tax pump price and pump price with tax), while refined-product benchmark, refining margin, freight rates and wholesale prices are not. Any claim that rests on the missing links cannot be tested here. Direct physical dependence on Hormuz-linked crude was limited (0–0%) over the period covered. This page describes what each series did around the event date. It is not a finding about cause: no causal design is published for this site, and a series that moved in the same window may have moved for other reasons.

    about FinlandUnknownUnknown
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    event
    Strait of Hormuz shipping disruption (2026)
    country
    Finland
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    dependence_band
    limited
    dependence_range
    0–0%
    channels_available
    ["crude benchmark","inventories","pre-tax pump price","pump price with tax"]
    supply_template_id
    event.supply.reduction
    channels_unavailable
    ["refined-product benchmark","refining margin","freight rates","wholesale prices"]
    Thresholds
    source
    v1 choice of this module; the channel list is docs/PRICE_MODEL.md §2.3
    channels_total
    8
    channels_available
    4
    verdict_partial_min_channels
    3
    verdict_assessable_min_channels
    8
    Inputs
    t0
    2026-02-28T00:00:00+00:00
    event
    Strait of Hormuz shipping disruption (2026)
    country
    Finland
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    dependence_band
    limited
    statement_topic
    event
    dependence_range
    0–0%
    channels_available
    ["crude benchmark","inventories","pre-tax pump price","pump price with tax"]
    supply_template_id
    event.supply.reduction
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    channels_unavailable
    ["refined-product benchmark","refining margin","freight rates","wholesale prices"]
    study_calculation_version
    event_study-1.0

    Template event.verdict.partial v1.1 · Fingerprint 7856de4d28c43c3429d6f7b886f6b8ca9c6b1b07b49c71e61e307fe55aa05896 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  21. In the 7 days after Strait of Hormuz shipping disruption (2026), the Brent crude benchmark moved +34.2%, which is 17.7 times its normal day-to-day variation over the previous three years — outside that range.

    about the event as a wholeCalculatedHigh
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    unit
    $/BBL
    event
    Strait of Hormuz shipping disruption (2026)
    value
    95.74
    status
    OBSERVED
    z_score
    11.429511613277612
    t0_value
    71.32
    benchmark
    Brent crude
    change_pct
    34.24004486819967
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    offset_days
    7
    series_code
    BRENT
    variation_label
    day-to-day
    observation_date
    2026-03-06
    same_observation
    false
    volatility_units
    17.72499106459417
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    24.42
    change_pct_from_t0
    34.24004486819967
    observation_gap_days
    1
    normal_volatility_pct
    1.9317383429656259
    change_in_volatility_units
    17.72499106459417
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (day-to-day)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2026-02-28T00:00:00+00:00
    unit
    $/BBL
    event
    Strait of Hormuz shipping disruption (2026)
    value
    95.74
    status
    OBSERVED
    z_score
    11.429511613277612
    t0_value
    71.32
    benchmark
    Brent crude
    change_pct
    34.24004486819967
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    7
    series_code
    BRENT
    statement_topic
    event
    variation_label
    day-to-day
    observation_date
    2026-03-06
    same_observation
    false
    volatility_units
    17.72499106459417
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    24.42
    change_pct_from_t0
    34.24004486819967
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    1
    normal_volatility_pct
    1.9317383429656259
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    17.72499106459417

    Template event.benchmark_move.outside_normal v1.1 · Fingerprint 4ea435198e2ad85179076b27dc38a89512f04178c41f341853cd2dbe9edcddb3 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  22. In the 30 days after Strait of Hormuz shipping disruption (2026), the Brent crude benchmark moved +70.9%, which is 36.7 times its normal day-to-day variation over the previous three years — outside that range.

    about the event as a wholeCalculatedHigh
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    unit
    $/BBL
    event
    Strait of Hormuz shipping disruption (2026)
    value
    121.88
    status
    OBSERVED
    z_score
    20.908399390463835
    t0_value
    71.32
    benchmark
    Brent crude
    change_pct
    70.89175546831184
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    offset_days
    30
    series_code
    BRENT
    variation_label
    day-to-day
    observation_date
    2026-03-30
    same_observation
    false
    volatility_units
    36.69842539827523
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    50.56
    change_pct_from_t0
    70.89175546831184
    observation_gap_days
    0
    normal_volatility_pct
    1.9317383429656259
    change_in_volatility_units
    36.69842539827523
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (day-to-day)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2026-02-28T00:00:00+00:00
    unit
    $/BBL
    event
    Strait of Hormuz shipping disruption (2026)
    value
    121.88
    status
    OBSERVED
    z_score
    20.908399390463835
    t0_value
    71.32
    benchmark
    Brent crude
    change_pct
    70.89175546831184
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    30
    series_code
    BRENT
    statement_topic
    event
    variation_label
    day-to-day
    observation_date
    2026-03-30
    same_observation
    false
    volatility_units
    36.69842539827523
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    50.56
    change_pct_from_t0
    70.89175546831184
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    1.9317383429656259
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    36.69842539827523

    Template event.benchmark_move.outside_normal v1.1 · Fingerprint 29bbc9c1226a318de551eedf873f282db221eb9ec716b009f1161b898b5d397c · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  23. In the 90 days after Strait of Hormuz shipping disruption (2026), the Brent crude benchmark moved +30.2%, which is 15.6 times its normal day-to-day variation over the previous three years — outside that range.

    about the event as a wholeCalculatedHigh
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    unit
    $/BBL
    event
    Strait of Hormuz shipping disruption (2026)
    value
    92.88
    status
    OBSERVED
    z_score
    10.392418306362824
    t0_value
    71.32
    benchmark
    Brent crude
    change_pct
    30.22994952327538
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    offset_days
    90
    series_code
    BRENT
    variation_label
    day-to-day
    observation_date
    2026-05-29
    same_observation
    false
    volatility_units
    15.64909121018224
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    21.560000000000002
    change_pct_from_t0
    30.22994952327538
    observation_gap_days
    0
    normal_volatility_pct
    1.9317383429656259
    change_in_volatility_units
    15.64909121018224
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (day-to-day)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2026-02-28T00:00:00+00:00
    unit
    $/BBL
    event
    Strait of Hormuz shipping disruption (2026)
    value
    92.88
    status
    OBSERVED
    z_score
    10.392418306362824
    t0_value
    71.32
    benchmark
    Brent crude
    change_pct
    30.22994952327538
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    90
    series_code
    BRENT
    statement_topic
    event
    variation_label
    day-to-day
    observation_date
    2026-05-29
    same_observation
    false
    volatility_units
    15.64909121018224
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    21.560000000000002
    change_pct_from_t0
    30.22994952327538
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    1.9317383429656259
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    15.64909121018224

    Template event.benchmark_move.outside_normal v1.1 · Fingerprint da6e291650428ea4feda72840b110dea4b3e2942f69e01f932de816d3716527d · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  24. Freight rates reaction cannot be assessed: tanker freight rates are licensed such that public display, onward passing and derived data are all expressly prohibited, verified verbatim, and no open institution publishes a tanker rate.

    about the event as a wholeUnknownUnknown
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    channels
    ["freight rates"]
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    reason_code
    NO_LICENSED_FREIGHT_SOURCE
    Thresholds
    source
    CLAUDE.md §1; docs/PRICE_MODEL.md §2.1 (a series with no licensed source is visible as a gap)
    any_missing_channel_is_disclosed
    true
    Inputs
    t0
    2026-02-28T00:00:00+00:00
    channels
    ["freight rates"]
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    reason_code
    NO_LICENSED_FREIGHT_SOURCE
    statement_topic
    event
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.channel.unavailable v1.1 · Fingerprint cbf9fd2371d9caad14a75cea5013e1be30bd2eb2033908f832c88c88067f87e7 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  25. Refined-product benchmark reaction cannot be assessed: EU refined-product benchmarks (Platts / Argus) are proprietary with no redistribution grant. US crack spreads are not a valid EU proxy and are not substituted.

    about the event as a wholeUnknownUnknown
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    channels
    ["refined-product benchmark"]
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    reason_code
    NO_LICENSED_PRODUCT_BENCHMARK
    Thresholds
    source
    CLAUDE.md §1; docs/PRICE_MODEL.md §2.1 (a series with no licensed source is visible as a gap)
    any_missing_channel_is_disclosed
    true
    Inputs
    t0
    2026-02-28T00:00:00+00:00
    channels
    ["refined-product benchmark"]
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    reason_code
    NO_LICENSED_PRODUCT_BENCHMARK
    statement_topic
    event
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.channel.unavailable v1.1 · Fingerprint 8af490b1ea34e00f40494098d666c15e05cfca35931abd7a50a334f8e61f0d3e · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  26. Wholesale prices reaction cannot be assessed: wholesale / rack price series are proprietary with no redistribution grant.

    about the event as a wholeUnknownUnknown
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    channels
    ["wholesale prices"]
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    reason_code
    NO_LICENSED_WHOLESALE_SERIES
    Thresholds
    source
    CLAUDE.md §1; docs/PRICE_MODEL.md §2.1 (a series with no licensed source is visible as a gap)
    any_missing_channel_is_disclosed
    true
    Inputs
    t0
    2026-02-28T00:00:00+00:00
    channels
    ["wholesale prices"]
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    reason_code
    NO_LICENSED_WHOLESALE_SERIES
    statement_topic
    event
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.channel.unavailable v1.1 · Fingerprint cb537d4c961760559b281257dfa2ff078da30874030ebc0d45438e5b240ce371 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  27. Refining margin reaction cannot be assessed: no published refining-margin series is held, and computing a margin ourselves would need the licensed EU product benchmarks, which may not be republished.

    about the event as a wholeUnknownUnknown
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    channels
    ["refining margin"]
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    reason_code
    NO_REFINERY_MARGIN_SERIES
    Thresholds
    source
    CLAUDE.md §1; docs/PRICE_MODEL.md §2.1 (a series with no licensed source is visible as a gap)
    any_missing_channel_is_disclosed
    true
    Inputs
    t0
    2026-02-28T00:00:00+00:00
    channels
    ["refining margin"]
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    reason_code
    NO_REFINERY_MARGIN_SERIES
    statement_topic
    event
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.channel.unavailable v1.1 · Fingerprint c3272c131b1b047dc850145474462c0a9daea21ea6429e3edc6c8e07abc867e8 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

What this does not show

  • It does not show that the event caused anything. No causal design is published for this site, and a series that moved in this window may have moved for other reasons.
  • A change in volatility units is not a significance test, and neither is a z-score. They measure different things and are not interchangeable.
  • Channels with no licensed or loaded source are shown as empty panels, not as flat lines. “We cannot see this” is not “this did not move”.
  • Nothing is interpolated. Where several offsets resolve to one published figure, that is what the publisher printed, and the change against the event date is zero because it is the same number.

Finland: supply, refineries and pump prices →

How to read the labels

  • OfficialReported directly by an official authority.
  • VerifiedReported by a third party we have verified against a primary record.
  • CalculatedComputed by us from reported inputs. The method is published on the methodology page.
  • Inferred · highNot reported. Inferred from at least two independent physical records.
  • Inferred · mediumNot reported. Inferred from strong indirect evidence, with no explicit confirmation.
  • Inferred · lowNot reported. Plausible from infrastructure or movement data only. Do not read as fact.
  • UnknownNo defensible public evidence establishes this. We are not guessing, and this is not a measurement of zero.