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37 resultsfor “Why did oil prices rise on Monday”

Politics

US-Iran ceasefire holds despite Hormuz standoff: Pentagon chief Hegseth

rising petrol costs for US consumers are [fuelling inflation](/news/2026/4/10/inflation-rises-in-us-amid-iran-war-hormuz-blockade), creating a political liability for Trump’s Republican Party in the run-up to the midterm elections in November. The average price of a gallon

Al Jazeera EnglishMay 5
Business

Middle East crisis could cost world $1tn while oil firms make ‘obscene’ profit, analysis finds

rising employment. ![A tanker anchored in the strait of Hormuz off the coast of Iran.](https://i.guim.co.uk/img/media/973ffa3b625ff78168531c6ad6694231d6cb71af/0_0_6000_4000/master/6000.jpg?width=445&dpr=1&s=none&crop=none) A tanker anchored in the strait of Hormuz off the coast of Iran. Photograph: Asghar Besharati/AP

The Guardian WorldApr 28
Conflicts

UAE accuses Iran of renewed drone and missile attacks

rising tensions come as the US said navy destroyers and US-flagged merchant ships sailed through the Strait of Hormuz on Monday. Iran called the claims "entirely false" and its military said it fired warning

BBC NewsMay 4
Politics

Germany’s Merz downplays rift with Washington despite US troop drawdown

Monday when Merz appeared to [criticise](/news/2026/4/27/iran-very-skilful-as-us-humiliated-says-german-chancellor) Trump’s actions in Iran, where the US and Israel started a war without consulting Washington’s NATO allies. Iran was “humiliating” the US, Merz said, warning that

Al Jazeera EnglishMay 3
Business

Oil prices surge as violence flares in Strait of Hormuz

Monday, the head of the International Transport Workers’ Federation (ITF) said that ships should not be asked to cross the strait “without a full guarantee of safety”. “Freedom of navigation must be restored in full

Al Jazeera EnglishMay 5
Politics

Two weeks that pushed Trump to the edge. Is his presidency unravelling?

rise after airstrikes on an oil depot in Tehran on 7 March. Trump and Israel started a war against Iran in February. Photograph: Sasan/Middle East Images/AFP/Getty Images The aura was punctured by the Covid pandemic

The Guardian WorldApr 18
Business

Oil rises above $106 per barrel as US, Iran deadlocked in Strait of Hormuz

rises above $106 per barrel as US, Iran deadlocked in Strait of Hormuz Oil prices have jumped on heightened tensions between the United States and Iran in the Strait of Hormuz following Washington and Tehran

Al Jazeera EnglishApr 24
Conflicts

Russian oil exports slump as Ukraine hammers ports and refineries

prices. On April 13, it renewed the waiver to May 16. The waiver does not seem to have helped Russia much, and April may have been even worse than March, according to some reports. Russian

Al Jazeera EnglishApr 24
Politics

Have US-Iran talks failed? Why no deal yet doesn’t mean diplomacy is dead

Monday [blamed the US](/video/newsfeed/2026/4/27/irans-foreign-minister-in-russia-for-talks) for the failure of the talks. “US approaches caused the previous round of negotiations, despite progress, to fail to reach its goals because of the excessive demands,” he said during

Al Jazeera EnglishApr 27
World

As Iran crisis drags on, fears of global food crisis grow

oil prices, especially in developing countries. There has been no comparable rush to ban food exports during the war, though Iran and Kuwait – neither of which are major food suppliers globally – have imposed restrictions

Al Jazeera EnglishApr 21
Politics

First Thing: Tensions rise over Hormuz as Trump threatens to blow Iran ‘off the face of the earth’

Monday apologized for the** **“legally deficient****” treatment** of the man [accused of attempting to assassinate Trump](https://www.theguardian.com/us-news/2026/may/04/judge-cole-allen-treatment-suspect-trump-assassination-attempt) at the White House correspondents’ dinner. - **The rapper** **Kid Cudi** **has fired** **MIA** **from his tour

The Guardian WorldMay 5
Politics

Could this conference be a 'turning point' for the world's use of fossil fuels?

prices and energy shortages triggered by the recent war have created what the Executive Director of the International Energy Agency, Fatih Birol, has called "[the mother of all energy crises](https://www.youtube.com/watch?v=hmHIrtBZIAg)." With

NPR Topics: NewsApr 29
Conflicts

Iran war: What’s happening on day 67 as Hormuz crisis deepens?

rise, with United States President Donald Trump warning Iran would be “blown off the face of the earth” if US Navy ships are targeted in the Strait of Hormuz. Iran had claimed a US naval

Al Jazeera EnglishMay 5
Politics

First Thing: Vance to lead US delegation in Pakistan if Iran agrees to talks

Monday, after a string of misconduct allegations, including of drinking on the job and having an affair with a subordinate. Chavez-DeRemer and her close aides are being investigated by the department’s inspector general

The Guardian WorldApr 21
Conflicts

Iran-Iraq Tanker War redux? Why the Strait of Hormuz crisis is different

rise again in the Strait of Hormuz – this time between Iran and the US – we break down what happened in the 1980s and examine the parallels and differences between the situations then

Al Jazeera EnglishApr 24
Politics

Trump says peace talks could resume in days as U.S. military blocks Iranian ports

Monday following face-to-face negotiations between U.S. and Iranian officials in Islamabad to end the war. According to Trump, the meeting failed to achieve a breakthrough over Iran's insistence to continue its nuclear

NPR Topics: NewsApr 15
Conflicts

Why are anti-war protests in the West muted on Iran?

price increases, fertiliser shortages and stock market volatility – the effects have been felt faster than in most previous conflicts. Why? There are few clear answers — but analysts say several factors might help explain why this

Al Jazeera EnglishApr 17
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