48 resultsfor “Impact of Strait of Hormuz closure on oil prices”
Hormuz](/news/2026/5/3/strait-of-hormuz-blockade-and-other-major-naval-sieges-in-modern-times), through which one-fifth of the world’s oil is shipped during peacetime, has been effectively shut. The closure of the strait has affected Japan, which imports 40 percent of its naphtha
closure of the Strait of Hormuz, a key shipping channel through which 20% of the world's oil and liquid natural gas usually passes, has sent oil prices soaring since the conflict began. Earlier this
impact of blockading the Strait of Hormuz also goes beyond traffic flow. The disruption in the flow of oil, gas, fertilisers and maritime traffic in general has left several countries reeling under a rising cost
impact of the Iran war. The Office for National Statistics (ONS) said the rate of unemployment was up in the three months to March, from 4.9% in February, a rate that City economists had expected
prices due to the closure of the Strait of Hormuz. Zelenskyy said Russian internal documents seen by his foreign intelligence service admitted that Ukraine had deprived oil offloading ports of much of their capacity
closure of the strait of Hormuz, a key shipping lane that carried a fifth of global oil and gas, has sent oil prices soaring since the US and Israeli attacks on Iran began in February
impact from the Iran conflict and “short-term adjustments to travel plans”, the airport said. However, the number of transfer passengers transiting for onward flights rose 10% in April year-on-year, as travellers rerouting
impact of the Iran war. The Bank’s rate-setting monetary policy committee (MPC) voted to leave borrowing costs on hold at noon on Thursday, after its latest rate-setting meeting. The vote
Hormuz – a chokepoint for about a fifth of the world’s oil and gas supplies – as well as Iran’s nuclear and ballistic missile programme. Talks have largely not progressed and the strait remains mostly
Strait of Hormuz, a lifeline for India’s gas imports, continues. Meanwhile, the war continues, with the US on Sunday capturing an Iranian cargo vessel, even as Washington says it is willing to hold another
impact of the war in Iran ripples across the aviation industry. [ about possible shortages in the months
closure](https://www.theguardian.com/world/2026/apr/12/trump-says-us-will-blockade-strait-of-hormuz-as-iran-peace-talks-fail) of the strait of Hormuz, where a fifth of the world’s oil and gas normally travels, in the wake of the US and Israel’s attack on Iran caused energy
prices are spiking again as efforts to resolve the [Iran war](/news/liveblog/2026/5/1/iran-war-live-tehran-says-us-ports-siege-intolerable-trump-mulls-action) remain at an impasse, with Tehran continuing to block the Strait of Hormuz and the United States Navy blockading Iranian ports and exports
prices at about $100 (£74) a barrel. While US forces have proved capable of stopping ships coming out of Iranian ports, they have still not demonstrated the capacity to open the strait to vessels coming
impact. However, bosses warned the damage from the Middle East conflict was steadily rising. A separate report from the Chartered Institute of Personnel and Development, the professional body for HR, also found that UK employers
Strait of Hormuz, a critical passage for global energy shipments. Fuel costs surged by 78 percent to nearly $6.5bn in April, following a 26 percent jump in March, according to US Department of Transportation
closure of the strait of Hormuz trade route and its strikes on its regional neighbours, which have sent oil and gas prices soaring, will cause the biggest economic hit since the Covid pandemic, according
prices triggered by the closure of the strait of Hormuz. “We want to maintain the full intensity of our sanctions,” von der Leyen said. EU officials also want to add 30 “shadow fleet” vessels helping