Economy

Global oil prices have continued to rise as conflict in the Middle East threatens the vital Strait of Hormuz shipping lane. While the United States prepares market interventions to stabilise costs, European motorists are already facing higher prices at the petrol pump. Experts warn that fuel costs could soon approach the record highs seen in 2022 if the regional instability persists.

The Veldhoven chip-machine giant ASML is planning to expand its expertise into the field of advanced packaging to support the AI revolution. By developing tools that connect specialised chips, the company aims to secure its position in the semiconductor industry for the next fifteen years.

Industrial activity in the Netherlands picked up slightly in February, with production and business confidence both improving. New orders from abroad fell, but economists expect this decline to be temporary. Rising energy prices and growing defence investments are shaping the outlook for the sector.

ProRail says gas use at train stations has dropped sharply after changing how and when heating is used. The organisation is now exploring alternatives for the few locations that still need warmth. Survey results suggest passengers have not noticed any decline in comfort.

Air France-KLM and other major airlines fell sharply on Monday as the conflict in the Middle East disrupted flights and sent fuel prices soaring. Energy companies, including Shell, benefited from the surge in oil and gas prices. European markets broadly declined as investors reacted to rising geopolitical tensions and uncertainty over how long the crisis may last.

European gas prices jumped sharply after military escalation involving Iran disrupted shipping through the Strait of Hormuz, a key LNG route. The surge comes as European gas reserves are already at unusually low levels, increasing concerns about supply ahead of next winter. Market analysts warn prices could rise much further if disruptions persist.

More than 9.6 million people have been invited to file their 2025 income tax return, with the deadline set for 1 May. The Tax and Customs Administration expects heavy traffic on the first day, as happened last year. Support is available online and in person for those who need help completing their return.

Amsterdam’s main index trended upwards as semiconductor companies found their footing after a volatile reaction to Nvidia’s latest financial update. While major tech players regained some ground, geo-data firm Fugro struggled following a year of offshore project delays. Rising geopolitical tensions also pushed oil prices significantly higher as the trading week drew to a close.