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.

Ireland, all fuels in this run. 22 series can be drawn; 7 cannot be seen at all and are shown as labelled empty panels below.

286 published readings, 0 offsets with nothing published within one period, and 91 offsets on series we cannot see at all. Every one of them is on this page.

Europe Brent spot FOB

Unit: $ per barrelPublished: dailyCalculatedHigh
T0−30−14T0+14+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
T0−30−14T0+14+30+60+90271,117158,7182026-01-01: 248,821 tonnes, used for offsets −30same print as T0 — 2026-02-01, 247,453 tonnes, used for offsets −14, −7, −3, −1, T02026-03-01: 260,240 tonnes, used for offsets +1, +3, +7, +14, +302026-04-01: 169,595 tonnes, used for offsets +602026-05-01: 257,370 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
−302026-01-01248,821+1,368+0.55%+0.01
−142026-02-01same print as T0247,4530.0000.00%0.00
−72026-02-01same print as T0247,4530.0000.00%0.00
−32026-02-01same print as T0247,4530.0000.00%0.00
−12026-02-01same print as T0247,4530.0000.00%0.00
T02026-02-01same print as T0247,4530.0000.00%0.00
+12026-03-01260,240+12,787+5.17%+0.13
+32026-03-01260,240+12,787+5.17%+0.13
+72026-03-01260,240+12,787+5.17%+0.13
+142026-03-01260,240+12,787+5.17%+0.13
+302026-03-01260,240+12,787+5.17%+0.13
+602026-04-01169,595-77,858-31.46%-0.79
+902026-05-01257,370+9,917+4.01%+0.10

One volatility unit for this series is 39.92%, 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-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
T0−30−14T0+14+30+60+901.3360.7082026-01-26: 0.7691 € per litre, used for offsets −302026-02-09: 0.7873 € per litre, used for offsets −142026-02-16: 0.7927 € per litre, used for offsets −7same print as T0 — 2026-02-23, 0.7965 € per litre, used for offsets −3, −1, T0, +12026-03-02: 0.8188 € per litre, used for offsets +3, +72026-03-09: 0.8479 € per litre, used for offsets +142026-03-30: 1.095 € per litre, used for offsets +302026-04-27: 1.223 € per litre, used for offsets +602026-05-25: 1.275 € 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
−302026-01-260.7691-0.027-3.44%-0.18
−142026-02-090.7873-0.009-1.16%-0.06
−72026-02-160.7927-0.004-0.48%-0.02
−32026-02-23same print as T00.79650.0000.00%0.00
−12026-02-23same print as T00.79650.0000.00%0.00
T02026-02-23same print as T00.79650.0000.00%0.00
+12026-02-23same print as T00.79650.0000.00%0.00
+32026-03-020.8188+0.022+2.80%+0.14
+72026-03-020.8188+0.022+2.80%+0.14
+142026-03-090.8479+0.051+6.45%+0.33
+302026-03-301.095+0.299+37.52%+1.92
+602026-04-271.223+0.427+53.59%+2.74
+902026-05-251.275+0.478+60.06%+3.07

One volatility unit for this series is 19.57%, 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-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
T0−30−14T0+14+30+60+901.0510.6482026-01-26: 0.6867 € per litre, used for offsets −302026-02-09: 0.6973 € per litre, used for offsets −142026-02-16: 0.7028 € per litre, used for offsets −7same print as T0 — 2026-02-23, 0.7047 € per litre, used for offsets −3, −1, T0, +12026-03-02: 0.7216 € per litre, used for offsets +3, +72026-03-09: 0.7437 € per litre, used for offsets +142026-03-30: 0.9100 € per litre, used for offsets +302026-04-27: 0.9996 € per litre, used for offsets +602026-05-25: 1.012 € 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
−302026-01-260.6867-0.018-2.55%-2.12
−142026-02-090.6973-0.007-1.06%-0.88
−72026-02-160.7028-0.002-0.28%-0.23
−32026-02-23same print as T00.70470.0000.00%0.00
−12026-02-23same print as T00.70470.0000.00%0.00
T02026-02-23same print as T00.70470.0000.00%0.00
+12026-02-23same print as T00.70470.0000.00%0.00
+32026-03-020.7216+0.017+2.39%+1.99
+72026-03-020.7216+0.017+2.39%+1.99
+142026-03-090.7437+0.039+5.54%+4.61
+302026-03-300.9100+0.205+29.13%+24.24
+602026-04-270.9996+0.295+41.85%+34.82
+902026-05-251.012+0.308+43.64%+36.31

One volatility unit for this series is 1.20%, 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
T0−30−14T0+14+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: monthlyCalculatedLow
T0−30−14T0+14+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: monthlyCalculatedLow
T0−30−14T0+14+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 refined-product Hormuz exposure D2: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302026-01-0100.000not 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.

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

Unit: days of coverPublished: monthlyCalculatedHigh
T0−30−14T0+14+30+60+9087.7880.152026-01-01: 87.04 days of cover, used for offsets −30same print as T0 — 2026-02-01, 86.46 days of cover, used for offsets −14, −7, −3, −1, T02026-03-01: 86.54 days of cover, used for offsets +1, +3, +7, +14, +302026-04-01: 80.89 days of cover, used for offsets +602026-05-01: 81.12 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
−302026-01-0187.04+0.579+0.67%+0.57
−142026-02-01same print as T086.460.0000.00%0.00
−72026-02-01same print as T086.460.0000.00%0.00
−32026-02-01same print as T086.460.0000.00%0.00
−12026-02-01same print as T086.460.0000.00%0.00
T02026-02-01same print as T086.460.0000.00%0.00
+12026-03-0186.54+0.078+0.09%+0.08
+32026-03-0186.54+0.078+0.09%+0.08
+72026-03-0186.54+0.078+0.09%+0.08
+142026-03-0186.54+0.078+0.09%+0.08
+302026-03-0186.54+0.078+0.09%+0.08
+602026-04-0180.89-5.570-6.44%-5.47
+902026-05-0181.12-5.345-6.18%-5.25

One volatility unit for this series is 1.18%, 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.

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

Unit: € per litrePublished: weeklyCalculatedMedium
T0−30−14T0+14+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: weeklyCalculatedMedium
T0−30−14T0+14+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
T0−30−14T0+14+30+60+902,366,6981,988,4642026-01-01: 2,268,882 tonnes, used for offsets −30same print as T0 — 2026-02-01, 2,262,744 tonnes, used for offsets −14, −7, −3, −1, T02026-03-01: 2,330,095 tonnes, used for offsets +1, +3, +7, +14, +302026-04-01: 2,025,067 tonnes, used for offsets +602026-05-01: 2,032,821 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
−302026-01-012,268,882+6,138+0.27%+0.08
−142026-02-01same print as T02,262,7440.0000.00%0.00
−72026-02-01same print as T02,262,7440.0000.00%0.00
−32026-02-01same print as T02,262,7440.0000.00%0.00
−12026-02-01same print as T02,262,7440.0000.00%0.00
T02026-02-01same print as T02,262,7440.0000.00%0.00
+12026-03-012,330,095+67,351+2.98%+0.90
+32026-03-012,330,095+67,351+2.98%+0.90
+72026-03-012,330,095+67,351+2.98%+0.90
+142026-03-012,330,095+67,351+2.98%+0.90
+302026-03-012,330,095+67,351+2.98%+0.90
+602026-04-012,025,067-237,677-10.50%-3.18
+902026-05-012,032,821-229,923-10.16%-3.08

One volatility unit for this series is 3.30%, 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
T0−30−14T0+14+30+60+900.238-0.1312026-01-26: 0.0131 € per litre, used for offsets −302026-02-09: 0.0064 € per litre, used for offsets −142026-02-16: 0.0022 € per litre, used for offsets −7same print as T0 — 2026-02-23, 0 € per litre, used for offsets −3, −1, T0, +12026-03-02: -0.0211 € per litre, used for offsets +3, +72026-03-09: -0.0430 € per litre, used for offsets +142026-03-30: 0.2022 € per litre, used for offsets +302026-04-27: 0.0533 € per litre, used for offsets +602026-05-25: -0.0955 € 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
−302026-01-260.0131+0.013not publishednot published
−142026-02-090.0064+0.006not publishednot published
−72026-02-160.0022+0.002not 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
+32026-03-02-0.0211-0.021not publishednot published
+72026-03-02-0.0211-0.021not publishednot published
+142026-03-09-0.0430-0.043not publishednot published
+302026-03-300.2022+0.202not publishednot published
+602026-04-270.0533+0.053not publishednot published
+902026-05-25-0.0955-0.095not 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.

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

Unit: € per litrePublished: weeklyCalculatedMedium
T0−30−14T0+14+30+60+900.093-0.0652026-01-26: 0.0100 € per litre, used for offsets −302026-02-09: 0.0069 € per litre, used for offsets −142026-02-16: 0.0012 € per litre, used for offsets −7same print as T0 — 2026-02-23, 0 € per litre, used for offsets −3, −1, T0, +12026-03-02: -0.0160 € per litre, used for offsets +3, +72026-03-09: -0.0320 € per litre, used for offsets +142026-03-30: 0.0778 € per litre, used for offsets +302026-04-27: -0.0434 € per litre, used for offsets +602026-05-25: -0.0497 € 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
−302026-01-260.0100+0.010not publishednot published
−142026-02-090.0069+0.007not publishednot published
−72026-02-160.0012+0.001not 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
+32026-03-02-0.0160-0.016not publishednot published
+72026-03-02-0.0160-0.016not publishednot published
+142026-03-09-0.0320-0.032not publishednot published
+302026-03-300.0778+0.078not publishednot published
+602026-04-27-0.0434-0.043not publishednot published
+902026-05-25-0.0497-0.050not 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
T0−30−14T0+14+30+60+902.2331.6642026-01-26: 1.719 € per litre, used for offsets −302026-02-09: 1.734 € per litre, used for offsets −142026-02-16: 1.735 € per litre, used for offsets −7same print as T0 — 2026-02-23, 1.737 € per litre, used for offsets −3, −1, T0, +12026-03-02: 1.738 € per litre, used for offsets +3, +72026-03-09: 1.747 € per litre, used for offsets +142026-03-30: 2.178 € per litre, used for offsets +302026-04-27: 2.053 € per litre, used for offsets +602026-05-25: 1.933 € 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
−302026-01-261.719-0.018-1.01%-1.08
−142026-02-091.734-0.004-0.20%-0.22
−72026-02-161.735-0.002-0.12%-0.12
−32026-02-23same print as T01.7370.0000.00%0.00
−12026-02-23same print as T01.7370.0000.00%0.00
T02026-02-23same print as T01.7370.0000.00%0.00
+12026-02-23same print as T01.7370.0000.00%0.00
+32026-03-021.738+0.001+0.08%+0.09
+72026-03-021.738+0.001+0.08%+0.09
+142026-03-091.747+0.010+0.59%+0.63
+302026-03-302.178+0.441+25.39%+27.15
+602026-04-272.053+0.316+18.16%+19.42
+902026-05-251.933+0.196+11.27%+12.05

One volatility unit for this series is 0.94%, 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
T0−30−14T0+14+30+60+901.9861.7012026-01-26: 1.729 € per litre, used for offsets −302026-02-09: 1.738 € per litre, used for offsets −142026-02-16: 1.738 € per litre, used for offsets −7same print as T0 — 2026-02-23, 1.739 € per litre, used for offsets −3, −1, T0, +12026-03-02: 1.740 € per litre, used for offsets +3, +72026-03-09: 1.747 € per litre, used for offsets +142026-03-30: 1.958 € per litre, used for offsets +302026-04-27: 1.819 € per litre, used for offsets +602026-05-25: 1.827 € 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
−302026-01-261.729-0.010-0.56%-0.79
−142026-02-091.738-0.001-0.04%-0.06
−72026-02-161.738-0.001-0.05%-0.07
−32026-02-23same print as T01.7390.0000.00%0.00
−12026-02-23same print as T01.7390.0000.00%0.00
T02026-02-23same print as T01.7390.0000.00%0.00
+12026-02-23same print as T01.7390.0000.00%0.00
+32026-03-021.740+0.001+0.06%+0.08
+72026-03-021.740+0.001+0.06%+0.08
+142026-03-091.747+0.009+0.50%+0.70
+302026-03-301.958+0.220+12.63%+17.72
+602026-04-271.819+0.081+4.64%+6.51
+902026-05-251.827+0.089+5.09%+7.14

One volatility unit for this series is 0.71%, 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
T0−30−14T0+14+30+60+901.3590.7202026-01-26: 0.7822 € per litre, used for offsets −302026-02-09: 0.7937 € per litre, used for offsets −142026-02-16: 0.7949 € per litre, used for offsets −7same print as T0 — 2026-02-23, 0.7965 € per litre, used for offsets −3, −1, T0, +12026-03-02: 0.7977 € per litre, used for offsets +3, +72026-03-09: 0.8049 € per litre, used for offsets +142026-03-30: 1.298 € per litre, used for offsets +302026-04-27: 1.277 € per litre, used for offsets +602026-05-25: 1.179 € 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
−302026-01-260.7822-0.014-1.80%-1.06
−142026-02-090.7937-0.003-0.36%-0.21
−72026-02-160.7949-0.002-0.20%-0.12
−32026-02-23same print as T00.79650.0000.00%0.00
−12026-02-23same print as T00.79650.0000.00%0.00
T02026-02-23same print as T00.79650.0000.00%0.00
+12026-02-23same print as T00.79650.0000.00%0.00
+32026-03-020.7977+0.001+0.14%+0.08
+72026-03-020.7977+0.001+0.14%+0.08
+142026-03-090.8049+0.008+1.05%+0.62
+302026-03-301.298+0.501+62.91%+37.21
+602026-04-271.277+0.480+60.27%+35.65
+902026-05-251.179+0.383+48.08%+28.44

One volatility unit for this series is 1.69%, 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
T0−30−14T0+14+30+60+901.0230.6622026-01-26: 0.6967 € per litre, used for offsets −302026-02-09: 0.7041 € per litre, used for offsets −142026-02-16: 0.7040 € per litre, used for offsets −7same print as T0 — 2026-02-23, 0.7047 € per litre, used for offsets −3, −1, T0, +12026-03-02: 0.7055 € per litre, used for offsets +3, +72026-03-09: 0.7118 € per litre, used for offsets +142026-03-30: 0.9878 € per litre, used for offsets +302026-04-27: 0.9562 € per litre, used for offsets +602026-05-25: 0.9626 € 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
−302026-01-260.6967-0.008-1.13%-0.75
−142026-02-090.7041-0.001-0.08%-0.05
−72026-02-160.7040-0.001-0.10%-0.07
−32026-02-23same print as T00.70470.0000.00%0.00
−12026-02-23same print as T00.70470.0000.00%0.00
T02026-02-23same print as T00.70470.0000.00%0.00
+12026-02-23same print as T00.70470.0000.00%0.00
+32026-03-020.7055+0.001+0.12%+0.08
+72026-03-020.7055+0.001+0.12%+0.08
+142026-03-090.7118+0.007+1.00%+0.66
+302026-03-300.9878+0.283+40.17%+26.56
+602026-04-270.9562+0.252+35.69%+23.60
+902026-05-250.9626+0.258+36.59%+24.20

One volatility unit for this series is 1.51%, 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: weeklyCalculatedMedium
T0−30−14T0+14+30+60+900.9650.7312026-01-26: 0.9372 € per litre, used for offsets −302026-02-09: 0.9398 € per litre, used for offsets −142026-02-16: 0.9401 € per litre, used for offsets −7same print as T0 — 2026-02-23, 0.9405 € per litre, used for offsets −3, −1, T0, +12026-03-02: 0.9407 € per litre, used for offsets +3, +72026-03-09: 0.9424 € per litre, used for offsets +142026-03-30: 0.8804 € per litre, used for offsets +302026-04-27: 0.7759 € per litre, used for offsets +602026-05-25: 0.7533 € 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
−302026-01-260.9372-0.003-0.35%-0.40
−142026-02-090.9398-0.001-0.07%-0.08
−72026-02-160.9401-0.000-0.04%-0.05
−32026-02-23same print as T00.94050.0000.00%0.00
−12026-02-23same print as T00.94050.0000.00%0.00
T02026-02-23same print as T00.94050.0000.00%0.00
+12026-02-23same print as T00.94050.0000.00%0.00
+32026-03-020.9407+0.000+0.03%+0.03
+72026-03-020.9407+0.000+0.03%+0.03
+142026-03-090.9424+0.002+0.20%+0.24
+302026-03-300.8804-0.060-6.39%-7.36
+602026-04-270.7759-0.165-17.50%-20.17
+902026-05-250.7533-0.187-19.91%-22.94

One volatility unit for this series is 0.87%, 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: weeklyCalculatedMedium
T0−30−14T0+14+30+60+901.0560.8422026-01-26: 1.032 € per litre, used for offsets −302026-02-09: 1.034 € per litre, used for offsets −142026-02-16: 1.034 € per litre, used for offsets −7same print as T0 — 2026-02-23, 1.034 € per litre, used for offsets −3, −1, T0, +12026-03-02: 1.034 € per litre, used for offsets +3, +72026-03-09: 1.036 € per litre, used for offsets +142026-03-30: 0.9703 € per litre, used for offsets +302026-04-27: 0.8631 € per litre, used for offsets +602026-05-25: 0.8645 € 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
−302026-01-261.032-0.002-0.18%-0.19
−142026-02-091.034-0.000-0.01%-0.01
−72026-02-161.034-0.000-0.02%-0.02
−32026-02-23same print as T01.0340.0000.00%0.00
−12026-02-23same print as T01.0340.0000.00%0.00
T02026-02-23same print as T01.0340.0000.00%0.00
+12026-02-23same print as T01.0340.0000.00%0.00
+32026-03-021.034+0.000+0.02%+0.02
+72026-03-021.034+0.000+0.02%+0.02
+142026-03-091.036+0.002+0.16%+0.17
+302026-03-300.9703-0.064-6.15%-6.73
+602026-04-270.8631-0.171-16.52%-18.09
+902026-05-250.8645-0.169-16.38%-17.93

One volatility unit for this series is 0.91%, 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
T0−30−14T0+14+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
T0−30−14T0+14+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
T0−30−14T0+14+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.

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.Observed0 % 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.Observed0 % 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.Observed86.54 days of cover at +30 d (published 2026-03-01)+0.09% from the level at T0 = +0.08 volatility units
Crude benchmarkThe quoted crude price European cargoes are priced against.Observed121.9 $ 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.Observed2,330,095 tonnes at +30 d (published 2026-03-01)+2.98% from the level at T0 = +0.90 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.Observed1.298 € per litre at +30 d (published 2026-03-30)+62.91% from the level at T0 = +37.21 volatility units
Pump price with taxWhat a driver actually paid.Observed2.178 € per litre at +30 d (published 2026-03-30)+25.39% from the level at T0 = +27.15 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: Ireland, 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.

The crude-only comparison could not be read.

API 404 for /api/events/hormuz-2026/crude-only: No stored crude-only run for 'hormuz-2026' and country 'ireland'. Runs are stored for the pilot countries; available_countries lists them.

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), Ireland's pre-tax petrol price moved +0.1%, which is 0.1 times its normal week-to-week variation over the previous three years — within that range.

    about IrelandCalculatedHigh
    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
    0.7055289430894309
    status
    OBSERVED
    country
    Ireland
    z_score
    0.17377603328028302
    t0_value
    0.7047159349593494
    fuel_type
    EURO_SUPER_95
    change_pct
    0.11536678677891084
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    offset_days
    7
    series_code
    RETAIL_PRETAX_IE_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    variation_label
    week-to-week
    observation_date
    2026-03-02
    same_observation
    false
    volatility_units
    0.07629726615473524
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.0008130081300815606
    change_pct_from_t0
    0.11536678677891084
    observation_gap_days
    5
    normal_volatility_pct
    1.5120697318949852
    change_in_volatility_units
    0.07629726615473524
    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
    0.7055289430894309
    status
    OBSERVED
    country
    Ireland
    z_score
    0.17377603328028302
    t0_value
    0.7047159349593494
    fuel_type
    EURO_SUPER_95
    change_pct
    0.11536678677891084
    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_IE_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2026-03-02
    same_observation
    false
    volatility_units
    0.07629726615473524
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.0008130081300815606
    change_pct_from_t0
    0.11536678677891084
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    5
    normal_volatility_pct
    1.5120697318949852
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    0.07629726615473524

    Template event.price_move.within_normal v1.1 · Fingerprint 9238dd38d5735fec50fbd7613b21ca947d38c57daa5b5829299cb54a698a85c4 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  2. In the 30 days after Strait of Hormuz shipping disruption (2026), Ireland's pre-tax petrol price moved +40.2%, which is 26.6 times its normal week-to-week variation over the previous three years — outside that range.

    about IrelandCalculatedHigh
    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
    0.987771219512195
    status
    OBSERVED
    country
    Ireland
    z_score
    23.98735767598356
    t0_value
    0.7047159349593494
    fuel_type
    EURO_SUPER_95
    change_pct
    40.165869751359224
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    offset_days
    30
    series_code
    RETAIL_PRETAX_IE_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    variation_label
    week-to-week
    observation_date
    2026-03-30
    same_observation
    false
    volatility_units
    26.563503589891837
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.2830552845528457
    change_pct_from_t0
    40.165869751359224
    observation_gap_days
    0
    normal_volatility_pct
    1.5120697318949852
    change_in_volatility_units
    26.563503589891837
    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
    0.987771219512195
    status
    OBSERVED
    country
    Ireland
    z_score
    23.98735767598356
    t0_value
    0.7047159349593494
    fuel_type
    EURO_SUPER_95
    change_pct
    40.165869751359224
    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_IE_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2026-03-30
    same_observation
    false
    volatility_units
    26.563503589891837
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.2830552845528457
    change_pct_from_t0
    40.165869751359224
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    1.5120697318949852
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    26.563503589891837

    Template event.price_move.outside_normal v1.1 · Fingerprint 4c98a1c2ff87c0c4ea623f1c093be9741d3e174e72a89785d904088e62cb0cc8 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  3. In the 90 days after Strait of Hormuz shipping disruption (2026), Ireland's pre-tax petrol price moved +36.6%, which is 24.2 times its normal week-to-week variation over the previous three years — outside that range.

    about IrelandCalculatedHigh
    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
    0.96257
    status
    OBSERVED
    country
    Ireland
    z_score
    21.86105928456037
    t0_value
    0.7047159349593494
    fuel_type
    EURO_SUPER_95
    change_pct
    36.5897877781811
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    offset_days
    90
    series_code
    RETAIL_PRETAX_IE_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    variation_label
    week-to-week
    observation_date
    2026-05-25
    same_observation
    false
    volatility_units
    24.198479082261198
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.25785406504065067
    change_pct_from_t0
    36.5897877781811
    observation_gap_days
    4
    normal_volatility_pct
    1.5120697318949852
    change_in_volatility_units
    24.198479082261198
    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
    0.96257
    status
    OBSERVED
    country
    Ireland
    z_score
    21.86105928456037
    t0_value
    0.7047159349593494
    fuel_type
    EURO_SUPER_95
    change_pct
    36.5897877781811
    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_IE_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2026-05-25
    same_observation
    false
    volatility_units
    24.198479082261198
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.25785406504065067
    change_pct_from_t0
    36.5897877781811
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    4
    normal_volatility_pct
    1.5120697318949852
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    24.198479082261198

    Template event.price_move.outside_normal v1.1 · Fingerprint 18b93932c43b75fde7ef1c2bf3727992b9d1f06b21183d206a72bd2aa148671d · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  4. In the 7 days after Strait of Hormuz shipping disruption (2026), Ireland's tax-inclusive petrol price moved +0.1%, which is 0.1 times its normal week-to-week variation over the previous three years — within that range.

    about IrelandCalculatedHigh
    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
    1.7396
    status
    OBSERVED
    country
    Ireland
    z_score
    0.17377603328028968
    t0_value
    1.7386
    fuel_type
    EURO_SUPER_95
    change_pct
    0.057517542850575865
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    offset_days
    7
    series_code
    RETAIL_INCLTAX_IE_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    variation_label
    week-to-week
    observation_date
    2026-03-02
    same_observation
    false
    volatility_units
    0.08071202279857881
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.001000000000000112
    change_pct_from_t0
    0.057517542850575865
    observation_gap_days
    5
    normal_volatility_pct
    0.7126267048728785
    change_in_volatility_units
    0.08071202279857881
    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
    1.7396
    status
    OBSERVED
    country
    Ireland
    z_score
    0.17377603328028968
    t0_value
    1.7386
    fuel_type
    EURO_SUPER_95
    change_pct
    0.057517542850575865
    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_IE_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2026-03-02
    same_observation
    false
    volatility_units
    0.08071202279857881
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.001000000000000112
    change_pct_from_t0
    0.057517542850575865
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    5
    normal_volatility_pct
    0.7126267048728785
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    0.08071202279857881

    Template event.price_move.within_normal v1.1 · Fingerprint 289d4939f8d88ee5fde7adf25f0a2090defc05b93f41be65c47ad23c11f47c1a · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  5. In the 30 days after Strait of Hormuz shipping disruption (2026), Ireland's tax-inclusive petrol price moved +12.6%, which is 17.7 times its normal week-to-week variation over the previous three years — outside that range.

    about IrelandCalculatedHigh
    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
    1.9581
    status
    OBSERVED
    country
    Ireland
    z_score
    15.161958903704292
    t0_value
    1.7386
    fuel_type
    EURO_SUPER_95
    change_pct
    12.62510065569999
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    offset_days
    30
    series_code
    RETAIL_INCLTAX_IE_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    variation_label
    week-to-week
    observation_date
    2026-03-30
    same_observation
    false
    volatility_units
    17.716289004286068
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.21950000000000003
    change_pct_from_t0
    12.62510065569999
    observation_gap_days
    0
    normal_volatility_pct
    0.7126267048728785
    change_in_volatility_units
    17.716289004286068
    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
    1.9581
    status
    OBSERVED
    country
    Ireland
    z_score
    15.161958903704292
    t0_value
    1.7386
    fuel_type
    EURO_SUPER_95
    change_pct
    12.62510065569999
    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_IE_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2026-03-30
    same_observation
    false
    volatility_units
    17.716289004286068
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.21950000000000003
    change_pct_from_t0
    12.62510065569999
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    0.7126267048728785
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    17.716289004286068

    Template event.price_move.outside_normal v1.1 · Fingerprint 5de30159e38b7c717b9ad7fc93d959034251222b07c3239658f1c87c0990c412 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  6. In the 90 days after Strait of Hormuz shipping disruption (2026), Ireland's tax-inclusive petrol price moved +5.1%, which is 7.1 times its normal week-to-week variation over the previous three years — outside that range.

    about IrelandCalculatedHigh
    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
    1.8271
    status
    OBSERVED
    country
    Ireland
    z_score
    6.175908761710951
    t0_value
    1.7386
    fuel_type
    EURO_SUPER_95
    change_pct
    5.090302542275395
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    offset_days
    90
    series_code
    RETAIL_INCLTAX_IE_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    variation_label
    week-to-week
    observation_date
    2026-05-25
    same_observation
    false
    volatility_units
    7.143014017673426
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.08850000000000002
    change_pct_from_t0
    5.090302542275395
    observation_gap_days
    4
    normal_volatility_pct
    0.7126267048728785
    change_in_volatility_units
    7.143014017673426
    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
    1.8271
    status
    OBSERVED
    country
    Ireland
    z_score
    6.175908761710951
    t0_value
    1.7386
    fuel_type
    EURO_SUPER_95
    change_pct
    5.090302542275395
    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_IE_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2026-05-25
    same_observation
    false
    volatility_units
    7.143014017673426
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.08850000000000002
    change_pct_from_t0
    5.090302542275395
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    4
    normal_volatility_pct
    0.7126267048728785
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    7.143014017673426

    Template event.price_move.outside_normal v1.1 · Fingerprint 818603639ea6235aaf4f4782439f57ed37f89fd993e1bc6579d26e3b4a9ce1d1 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  7. In the 7 days after Strait of Hormuz shipping disruption (2026), Ireland's pre-tax diesel price moved +0.1%, which is 0.1 times its normal week-to-week variation over the previous three years — within that range.

    about IrelandCalculatedHigh
    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
    0.7976533333333334
    status
    OBSERVED
    country
    Ireland
    z_score
    0.28107819589121585
    t0_value
    0.7965151219512195
    fuel_type
    DIESEL
    change_pct
    0.1428989043328675
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    offset_days
    7
    series_code
    RETAIL_PRETAX_IE_DIESEL
    series_kind
    pre-tax
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    variation_label
    week-to-week
    observation_date
    2026-03-02
    same_observation
    false
    volatility_units
    0.08452132113018661
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.0011382113821138962
    change_pct_from_t0
    0.1428989043328675
    observation_gap_days
    5
    normal_volatility_pct
    1.6906846985124973
    change_in_volatility_units
    0.08452132113018661
    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
    0.7976533333333334
    status
    OBSERVED
    country
    Ireland
    z_score
    0.28107819589121585
    t0_value
    0.7965151219512195
    fuel_type
    DIESEL
    change_pct
    0.1428989043328675
    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_IE_DIESEL
    series_kind
    pre-tax
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2026-03-02
    same_observation
    false
    volatility_units
    0.08452132113018661
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.0011382113821138962
    change_pct_from_t0
    0.1428989043328675
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    5
    normal_volatility_pct
    1.6906846985124973
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    0.08452132113018661

    Template event.price_move.within_normal v1.1 · Fingerprint fccae5cf85b6ae4871c4dc648ce045789faef6b8dd7ed92b5b23a0daad6b381b · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  8. In the 30 days after Strait of Hormuz shipping disruption (2026), Ireland's pre-tax diesel price moved +62.9%, which is 37.2 times its normal week-to-week variation over the previous three years — outside that range.

    about IrelandCalculatedHigh
    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
    1.2975817073170735
    status
    OBSERVED
    country
    Ireland
    z_score
    35.55420625385816
    t0_value
    0.7965151219512195
    fuel_type
    DIESEL
    change_pct
    62.907353740930034
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    offset_days
    30
    series_code
    RETAIL_PRETAX_IE_DIESEL
    series_kind
    pre-tax
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    variation_label
    week-to-week
    observation_date
    2026-03-30
    same_observation
    false
    volatility_units
    37.20821144018004
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.5010665853658539
    change_pct_from_t0
    62.907353740930034
    observation_gap_days
    0
    normal_volatility_pct
    1.6906846985124973
    change_in_volatility_units
    37.20821144018004
    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
    1.2975817073170735
    status
    OBSERVED
    country
    Ireland
    z_score
    35.55420625385816
    t0_value
    0.7965151219512195
    fuel_type
    DIESEL
    change_pct
    62.907353740930034
    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_IE_DIESEL
    series_kind
    pre-tax
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2026-03-30
    same_observation
    false
    volatility_units
    37.20821144018004
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.5010665853658539
    change_pct_from_t0
    62.907353740930034
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    1.6906846985124973
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    37.20821144018004

    Template event.price_move.outside_normal v1.1 · Fingerprint 191200ee2222b510a6d4d4d8b1a7ff2f734c035a2eabe8e36e1acee268adc15d · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  9. In the 90 days after Strait of Hormuz shipping disruption (2026), Ireland's pre-tax diesel price moved +48.1%, which is 28.4 times its normal week-to-week variation over the previous three years — outside that range.

    about IrelandCalculatedHigh
    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
    1.17945
    status
    OBSERVED
    country
    Ireland
    z_score
    27.219262576432634
    t0_value
    0.7965151219512195
    fuel_type
    DIESEL
    change_pct
    48.07628474280647
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    offset_days
    90
    series_code
    RETAIL_PRETAX_IE_DIESEL
    series_kind
    pre-tax
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    variation_label
    week-to-week
    observation_date
    2026-05-25
    same_observation
    false
    volatility_units
    28.43598500956747
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.38293487804878057
    change_pct_from_t0
    48.07628474280647
    observation_gap_days
    4
    normal_volatility_pct
    1.6906846985124973
    change_in_volatility_units
    28.43598500956747
    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
    1.17945
    status
    OBSERVED
    country
    Ireland
    z_score
    27.219262576432634
    t0_value
    0.7965151219512195
    fuel_type
    DIESEL
    change_pct
    48.07628474280647
    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_IE_DIESEL
    series_kind
    pre-tax
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2026-05-25
    same_observation
    false
    volatility_units
    28.43598500956747
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.38293487804878057
    change_pct_from_t0
    48.07628474280647
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    4
    normal_volatility_pct
    1.6906846985124973
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    28.43598500956747

    Template event.price_move.outside_normal v1.1 · Fingerprint e9d108f234093ac56281e87edbb1694203bdfc88fd20af98a55331fb27abdd83 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  10. In the 7 days after Strait of Hormuz shipping disruption (2026), Ireland's tax-inclusive diesel price moved +0.1%, which is 0.1 times its normal week-to-week variation over the previous three years — within that range.

    about IrelandCalculatedHigh
    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
    1.7384000000000002
    status
    OBSERVED
    country
    Ireland
    z_score
    0.281078195891207
    t0_value
    1.737
    fuel_type
    DIESEL
    change_pct
    0.08059873344847829
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    offset_days
    7
    series_code
    RETAIL_INCLTAX_IE_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    variation_label
    week-to-week
    observation_date
    2026-03-02
    same_observation
    false
    volatility_units
    0.08618137480289732
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.0014000000000000679
    change_pct_from_t0
    0.08059873344847829
    observation_gap_days
    5
    normal_volatility_pct
    0.9352221826678105
    change_in_volatility_units
    0.08618137480289732
    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
    1.7384000000000002
    status
    OBSERVED
    country
    Ireland
    z_score
    0.281078195891207
    t0_value
    1.737
    fuel_type
    DIESEL
    change_pct
    0.08059873344847829
    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_IE_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2026-03-02
    same_observation
    false
    volatility_units
    0.08618137480289732
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.0014000000000000679
    change_pct_from_t0
    0.08059873344847829
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    5
    normal_volatility_pct
    0.9352221826678105
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    0.08618137480289732

    Template event.price_move.within_normal v1.1 · Fingerprint 8ea717b30f97c762986d6690786389c1415cc68456d5d4aef7af9b022ce9c629 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  11. In the 30 days after Strait of Hormuz shipping disruption (2026), Ireland's tax-inclusive diesel price moved +25.4%, which is 27.1 times its normal week-to-week variation over the previous three years — outside that range.

    about IrelandCalculatedHigh
    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
    2.178
    status
    OBSERVED
    country
    Ireland
    z_score
    25.497807770131406
    t0_value
    1.737
    fuel_type
    DIESEL
    change_pct
    25.388601036269417
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    offset_days
    30
    series_code
    RETAIL_INCLTAX_IE_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    variation_label
    week-to-week
    observation_date
    2026-03-30
    same_observation
    false
    volatility_units
    27.14713306291133
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.44099999999999984
    change_pct_from_t0
    25.388601036269417
    observation_gap_days
    0
    normal_volatility_pct
    0.9352221826678105
    change_in_volatility_units
    27.14713306291133
    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
    2.178
    status
    OBSERVED
    country
    Ireland
    z_score
    25.497807770131406
    t0_value
    1.737
    fuel_type
    DIESEL
    change_pct
    25.388601036269417
    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_IE_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2026-03-30
    same_observation
    false
    volatility_units
    27.14713306291133
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.44099999999999984
    change_pct_from_t0
    25.388601036269417
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    0.9352221826678105
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    27.14713306291133

    Template event.price_move.outside_normal v1.1 · Fingerprint 05edfccb83c5142fd5f2a5586a76d0ff77266103133dcd57193def5b07bf67d0 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  12. In the 90 days after Strait of Hormuz shipping disruption (2026), Ireland's tax-inclusive diesel price moved +11.3%, which is 12.0 times its normal week-to-week variation over the previous three years — outside that range.

    about IrelandCalculatedHigh
    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
    1.9327
    status
    OBSERVED
    country
    Ireland
    z_score
    11.426689106434589
    t0_value
    1.737
    fuel_type
    DIESEL
    change_pct
    11.266551525618883
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    offset_days
    90
    series_code
    RETAIL_INCLTAX_IE_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    variation_label
    week-to-week
    observation_date
    2026-05-25
    same_observation
    false
    volatility_units
    12.046925034947279
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.19569999999999999
    change_pct_from_t0
    11.266551525618883
    observation_gap_days
    4
    normal_volatility_pct
    0.9352221826678105
    change_in_volatility_units
    12.046925034947279
    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
    1.9327
    status
    OBSERVED
    country
    Ireland
    z_score
    11.426689106434589
    t0_value
    1.737
    fuel_type
    DIESEL
    change_pct
    11.266551525618883
    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_IE_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2026-05-25
    same_observation
    false
    volatility_units
    12.046925034947279
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.19569999999999999
    change_pct_from_t0
    11.266551525618883
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    4
    normal_volatility_pct
    0.9352221826678105
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    12.046925034947279

    Template event.price_move.outside_normal v1.1 · Fingerprint 166124f42c7e2d682881a52ec49b75c5741525914d27966f8aed507f40bb88c1 · 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 Ireland's pre-tax petrol price by +14.8 c/L (range +10.2–+19.3); it actually moved +11.9 c/L, leaving -2.9 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 9.9 $/bbl.

    about IrelandCalculatedMedium
    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
    Ireland
    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_IE_EURO_SUPER_95
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    offset_weeks
    4
    proxy_product
    GASOLINE
    proxy_to_date
    2026-03-23
    pass_through_k
    5
    proxy_from_date
    2026-02-23
    observation_date
    2026-03-23
    gap_eur_per_litre
    -0.028793179385566386
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2026-02-23
    actual_eur_per_litre
    0.11902439024390266
    expected_eur_per_litre
    0.14781756962946904
    proxy_volatility_units
    2.8999750350600633
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    9.9
    pass_through_sample_start
    2005-01-03
    pass_through_window_label
    FULL_SAMPLE
    expected_low_eur_per_litre
    0.10216738936713891
    expected_high_eur_per_litre
    0.19346774989179916
    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
    Ireland
    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_IE_EURO_SUPER_95
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    offset_weeks
    4
    proxy_product
    GASOLINE
    proxy_to_date
    2026-03-23
    pass_through_k
    5
    proxy_from_date
    2026-02-23
    statement_topic
    event
    observation_date
    2026-03-23
    gap_eur_per_litre
    -0.028793179385566386
    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
    0.11902439024390266
    expected_eur_per_litre
    0.14781756962946904
    proxy_volatility_units
    2.8999750350600633
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    9.9
    pass_through_sample_start
    2005-01-03
    pass_through_window_label
    FULL_SAMPLE
    study_calculation_version
    event_study-1.0
    expected_low_eur_per_litre
    0.10216738936713891
    expected_high_eur_per_litre
    0.19346774989179916
    proxy_normal_volatility_pct
    27.922644296421584

    Template event.crude_only.computed_with_proxy v1.1 · Fingerprint fe82fb2ca6676fc08c9195c636d553275d3028d2470f19ab775044ca74213cbc · 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 Ireland's pre-tax petrol price by +30.8 c/L (range +17.4–+44.1); it actually moved +25.8 c/L, leaving -5.0 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 IrelandCalculatedMedium
    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
    Ireland
    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_IE_EURO_SUPER_95
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    offset_weeks
    13
    proxy_product
    GASOLINE
    proxy_to_date
    2026-05-22
    pass_through_k
    5
    proxy_from_date
    2026-02-23
    observation_date
    2026-05-25
    gap_eur_per_litre
    -0.04970424791272282
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2026-02-23
    actual_eur_per_litre
    0.25785406504065067
    expected_eur_per_litre
    0.3075583129533735
    proxy_volatility_units
    7.918982333112501
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    27.034
    pass_through_sample_start
    2005-01-03
    pass_through_window_label
    FULL_SAMPLE
    expected_low_eur_per_litre
    0.17402609482432704
    expected_high_eur_per_litre
    0.4410905310824209
    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
    Ireland
    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_IE_EURO_SUPER_95
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    offset_weeks
    13
    proxy_product
    GASOLINE
    proxy_to_date
    2026-05-22
    pass_through_k
    5
    proxy_from_date
    2026-02-23
    statement_topic
    event
    observation_date
    2026-05-25
    gap_eur_per_litre
    -0.04970424791272282
    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
    0.25785406504065067
    expected_eur_per_litre
    0.3075583129533735
    proxy_volatility_units
    7.918982333112501
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    27.034
    pass_through_sample_start
    2005-01-03
    pass_through_window_label
    FULL_SAMPLE
    study_calculation_version
    event_study-1.0
    expected_low_eur_per_litre
    0.17402609482432704
    expected_high_eur_per_litre
    0.4410905310824209
    proxy_normal_volatility_pct
    27.922644296421584

    Template event.crude_only.computed_with_proxy v1.1 · Fingerprint 66a8a496bc33476c94275b3bf81bfb8e4ecb64cd76b1f13c7fd8ff3df0b926fd · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  15. Over the 4 weeks after Strait of Hormuz shipping disruption (2026), crude costs alone would have moved Ireland's pre-tax diesel price by +20.7 c/L (range +12.7–+28.7); it actually moved +27.9 c/L, leaving +7.2 c/L not explained by crude. Over the same period the US diesel crack spread, a proxy for the Atlantic product market and not a European margin, widened by 28.8 $/bbl.

    about IrelandCalculatedMedium
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    fuel
    diesel
    event
    Strait of Hormuz shipping disruption (2026)
    weeks
    4
    status
    COMPUTED
    country
    Ireland
    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
    series_code
    CRUDE_ONLY_EXPECTED_IE_DIESEL
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    offset_weeks
    4
    proxy_product
    DIESEL
    proxy_to_date
    2026-03-23
    pass_through_k
    4
    proxy_from_date
    2026-02-23
    observation_date
    2026-03-23
    gap_eur_per_litre
    0.07181818798289266
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2026-02-23
    actual_eur_per_litre
    0.27869918699187013
    expected_eur_per_litre
    0.20688099900897747
    proxy_volatility_units
    10.98407307729496
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    28.757999999999996
    pass_through_sample_start
    2005-01-03
    pass_through_window_label
    FULL_SAMPLE
    expected_low_eur_per_litre
    0.12718925673518902
    expected_high_eur_per_litre
    0.286572741282766
    proxy_normal_volatility_pct
    6.045708372099533
    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
    COMPUTED
    country
    Ireland
    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"]
    series_code
    CRUDE_ONLY_EXPECTED_IE_DIESEL
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    offset_weeks
    4
    proxy_product
    DIESEL
    proxy_to_date
    2026-03-23
    pass_through_k
    4
    proxy_from_date
    2026-02-23
    statement_topic
    event
    observation_date
    2026-03-23
    gap_eur_per_litre
    0.07181818798289266
    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
    0.27869918699187013
    expected_eur_per_litre
    0.20688099900897747
    proxy_volatility_units
    10.98407307729496
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    28.757999999999996
    pass_through_sample_start
    2005-01-03
    pass_through_window_label
    FULL_SAMPLE
    study_calculation_version
    event_study-1.0
    expected_low_eur_per_litre
    0.12718925673518902
    expected_high_eur_per_litre
    0.286572741282766
    proxy_normal_volatility_pct
    6.045708372099533

    Template event.crude_only.computed_with_proxy v1.1 · Fingerprint a9c95cc7d472ee04f5765466cde25521b30da0fd47f95811de33895dca852aa0 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  16. Over the 13 weeks after Strait of Hormuz shipping disruption (2026), crude costs alone would have moved Ireland's pre-tax diesel price by +47.8 c/L (range +25.0–+70.7); it actually moved +38.3 c/L, leaving -9.5 c/L not explained by crude. Over the same period the US diesel crack spread, a proxy for the Atlantic product market and not a European margin, widened by 16.0 $/bbl.

    about IrelandCalculatedMedium
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    fuel
    diesel
    event
    Strait of Hormuz shipping disruption (2026)
    weeks
    13
    status
    COMPUTED
    country
    Ireland
    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
    series_code
    CRUDE_ONLY_EXPECTED_IE_DIESEL
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    offset_weeks
    13
    proxy_product
    DIESEL
    proxy_to_date
    2026-05-22
    pass_through_k
    4
    proxy_from_date
    2026-02-23
    observation_date
    2026-05-25
    gap_eur_per_litre
    -0.09545228132304229
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2026-02-23
    actual_eur_per_litre
    0.38293487804878057
    expected_eur_per_litre
    0.47838715937182286
    proxy_volatility_units
    6.106591569642946
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    15.988
    pass_through_sample_start
    2005-01-03
    pass_through_window_label
    FULL_SAMPLE
    expected_low_eur_per_litre
    0.2499734403846808
    expected_high_eur_per_litre
    0.7068008783589601
    proxy_normal_volatility_pct
    6.045708372099533
    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
    13
    status
    COMPUTED
    country
    Ireland
    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"]
    series_code
    CRUDE_ONLY_EXPECTED_IE_DIESEL
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    offset_weeks
    13
    proxy_product
    DIESEL
    proxy_to_date
    2026-05-22
    pass_through_k
    4
    proxy_from_date
    2026-02-23
    statement_topic
    event
    observation_date
    2026-05-25
    gap_eur_per_litre
    -0.09545228132304229
    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
    0.38293487804878057
    expected_eur_per_litre
    0.47838715937182286
    proxy_volatility_units
    6.106591569642946
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    15.988
    pass_through_sample_start
    2005-01-03
    pass_through_window_label
    FULL_SAMPLE
    study_calculation_version
    event_study-1.0
    expected_low_eur_per_litre
    0.2499734403846808
    expected_high_eur_per_litre
    0.7068008783589601
    proxy_normal_volatility_pct
    6.045708372099533

    Template event.crude_only.computed_with_proxy v1.1 · Fingerprint ba01fffbf58d022b5be7e74c116b08aa8eeff8946a79a797d03eeee964329d3e · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

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

    about IrelandCalculatedLow
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    band
    limited
    unit
    % of imported tonnes
    period
    2026-02
    status
    OBSERVED
    country
    Ireland
    commodity
    crude
    dimension
    DIRECT_CRUDE
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    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
    Ireland
    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
    IE
    country_name
    Ireland
    country_slug
    ireland
    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 fd532efaf5bc1bea63f203ac4b367ebd008022f94074ff5d9d2670eb03de9bcd · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  18. Direct physical dependence on Hormuz-linked refined product was limited (0%) for Ireland in 2026-02.

    about IrelandCalculatedLow
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    band
    limited
    unit
    % of imported tonnes
    period
    2026-02
    status
    OBSERVED
    country
    Ireland
    commodity
    refined product
    dimension
    DIRECT_PRODUCT
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    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
    Ireland
    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
    IE
    country_name
    Ireland
    country_slug
    ireland
    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 6e7ca536ff6dd86fe9293ac8e940afad2797d6b55469724d641ff6ebe67bb4cc · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  19. Available evidence does not show a physical supply reduction: Ireland's reported crude imports in 2026-02 were +0.4% against the mean of the previous 12 months.

    about IrelandCalculatedHigh
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    unit
    tonnes
    month
    2026-02
    country
    Ireland
    change_pct
    0.3740912644771494
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    partner_role
    ORIGIN
    value_tonnes
    247453
    baseline_months
    12
    observation_date
    2026-02-01
    series_source_ids
    ["eurostat_nrg_ti_oilm"]
    baseline_mean_tonnes
    246530.75
    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
    Ireland
    change_pct
    0.3740912644771494
    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
    IE
    country_name
    Ireland
    country_slug
    ireland
    partner_role
    ORIGIN
    value_tonnes
    247453
    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
    246530.75
    study_calculation_version
    event_study-1.0

    Template event.supply.no_reduction v1.1 · Fingerprint 83d3ca7ecdd5471c967a34c1130bccd69095a340aad5f23a075375afab7eefa6 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  20. In 2026-02, Ireland's oil stocks stood 6.5% above their trailing 12-month mean, with 86.5 days of cover (as published).

    about IrelandCalculatedHigh
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    unit
    tonnes
    month
    2026-02
    status
    OBSERVED
    country
    Ireland
    direction
    above
    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_IE
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    days_of_cover
    86.461
    metric_status
    COMPUTED
    mom_change_pct
    -0.27052971463478487
    observation_date
    2026-02-01
    series_source_ids
    ["eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm"]
    total_stock_tonnes
    2262744
    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
    2124517.4166666665
    level_vs_trailing_12m_pct
    6.506257950580071
    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
    6.506257950580071
    level_vs_trailing_12m_pct_shown
    6.5
    inventory_material_deviation_pct
    5
    Inputs
    t0
    2026-02-28T00:00:00+00:00
    unit
    tonnes
    month
    2026-02
    status
    OBSERVED
    country
    Ireland
    direction
    above
    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_IE
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    days_of_cover
    86.461
    metric_status
    COMPUTED
    mom_change_pct
    -0.27052971463478487
    statement_topic
    event
    observation_date
    2026-02-01
    series_source_ids
    ["eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm"]
    total_stock_tonnes
    2262744
    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
    2124517.4166666665
    level_vs_trailing_12m_pct
    6.506257950580071
    study_calculation_version
    event_study-1.0
    trailing_12m_observations
    12

    Template event.inventory_level.above v1.1 · Fingerprint 2ebe52c042a8a0d01f4a9432eb7b9dd44c68bf08250848d8608cfb01ff0d075b · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  21. Summary of what can be checked here

    Only part of the chain can be checked for Ireland 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 IrelandUnknownUnknown
    Why this sentence
    Variables
    t0
    2026-02-28T00:00:00+00:00
    event
    Strait of Hormuz shipping disruption (2026)
    country
    Ireland
    event_name
    Strait of Hormuz shipping disruption (2026)
    event_slug
    hormuz-2026
    event_type
    HORMUZ_DISRUPTION
    country_iso2
    IE
    country_name
    Ireland
    country_slug
    ireland
    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.no_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
    Ireland
    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
    IE
    country_name
    Ireland
    country_slug
    ireland
    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.no_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 84d241e78025da577c0ceb2e91eb12329d5e93478d17edd0ca18969452b3dc3c · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  22. 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

  23. 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

  24. 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

  25. 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

  26. 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

  27. 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

  28. 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.

Ireland: 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.