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As US-Iran talks remain ‘stalled’, experts warn of ‘long-term disruptions’

Iran on February 28. Tehran retaliated by closing off the Strait of Hormuz, the narrow channel linking the Gulf to the Gulf of Oman, through which approximately 20 percent of the world

Europe has only six weeks’ supply of jet fuel left due to Iran war, says energy chief

closed the strait of Hormuz, a [vital export route for oil from the Gulf](https://www.theguardian.com/world/2026/apr/08/us-iran-ceasefire-mass-exodus-ships-strait-hormuz-analysts). The US and Iran last week agreed a two-week ceasefire, but talks on ending the war failed

Takeaway coffee sales plunge as fuel and living costs dent Australian spending. Is the economy next?

Iran conflict. “We are hearing from cafes and restaurants around the country that they’ve seen a slowdown in what patrons are purchasing,” says Wes Lambert, chief executive of the Australian Restaurant & Cafe Association. “Unfortunately

Guardian Essential poll: Australians want higher tax on gas exports and extension of petrol excise cut

impact of the Iran war bites,” said Peter Lewis, executive director of Essential Media. “This creates real challenges for the treasurer leading into the budget, but there is strong support for measures to review housing

Britain to create joint naval force with nine European countries as ‘complement’ to Nato

closed after the US-Israel war in Iran that “Russia remains the gravest threat to our security”. In a speech, the first sea lord said the 10 members of the Joint Expeditionary Force

Iran sees mass redundancies from war with US and Israel

closed down after being hit by air strikes. It also includes other manufacturers, retailers, import and export business, and the digital sector. "You can see it from the emptiness of the metro," posted one user

Iranian FM Araghchi to visit Pakistan as talks with US set to resume

Strait of Hormuz are key sticking points that in recent days have threatened to rupture Pakistan’s mediation efforts. For the residents of Pakistan’s capital, the equation is simpler – if frustrating: They want

Wall Street seems to have decided the recession risk is over. Can the Australian market do the same?

Hormuz is reopened.” Which means despite the IMF’s grim warnings, investors have “already decided that the risk of recession is receding”. [Sign up for the Breaking News Australia email](https://www.theguardian.com/email-newsletters?CMP=copyembed&CMP=emailbutton) Oliver

EU faces ‘China shock’ as EV imports drive Beijing’s record surplus with bloc

Iran war with the “largest quarterly growth figures … since 2022”. Soapbox figures released last week showed that exports from the EU to China fell 16.2% in February, with pork shipments notably in decline. Although China

Katya Adler: Europe's Nato allies push back at reported US threat to Spain

impact, reared its Medusa-like head. Again. "No worries," Spain's determined-to-appear calm prime minister, Pedro Sanchez, said to waiting journalists as he arrived at the leaders' summit. "We are fulfilling our obligations

Why the Iran war did not go according to US plans

closing the strait, but Trump rejected the general’s assessment and assumed Iran would surrender before reaching that point. On the ground, however, the Strait of Hormuz became a decisive factor in disrupting both economic

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

close to meeting the “actual malice” standard that public figures must clear in defamation. Trump has said he will refile the lawsuit. Meanwhile Trump suffered a setback on the global stage with the election result

Is Iran’s oil storage nearly full – and will it have to cut production?

Strait of Hormuz to other shipping. This is the primary motive behind Washington’s naval blockade of Iranian ports. Iran exported 1.84 million barrels per day (bpd) of crude oil in March and shipped

The UAE’s OPEC exit is not about oil; it is the end of Gulf solidarity

Strait of Hormuz partially closed, would limit the immediate price impact. Analysts pointed to the longstanding tension with the quotas imposed on Abu Dhabi National Oil Company’s (ADNOC) ambition to reach five million barrels

Jet fuel shortage: Why Iran war could ground flights in Europe

Iran. The strait is a vital water passageway through which one-fifth of the world’s oil and liquefied natural gas (LNG) supplies are shipped during peacetime. The collapse in supplies has driven a sharp

UK could face gaps on supermarket shelves by summer if Iran war continues

Hormuz](https://www.theguardian.com/world/strait-of-hormuz) does not reopen, disrupting supplies of the CO2 required by the food industry. Officials from government departments including No 10, the Treasury and the Ministry of Defence have run a planning

'I don't want the children to see how worried we are': UK family finances hit by Iran war

closed to most traffic. - [Why the Strait of Hormuz matters so much in the Iran war](https://www.bbc.co.uk/news/articles/c78n6p09pzno) Although the UK gets very little of its gas from the region, the squeeze on supply

From syringes to stents: Iran war exposes NHS dependency on petrochemicals

Iran is likely to have a severe knock-on effect on the NHS. Photograph: Meysam Mirzadeh/Tasnim/AFP/Getty In response, NHS England has increased purchases of drugs and devices to build up buffers. While there

Australia news live: Albanese and Sultan of Brunei pledge energy cooperation; antisemitism royal commission to hold first public hearings in May

close friend and trusted partner. The two nations signed a joint statement on energy and food security, with the PM welcoming the “very positive discussions”. - **Gina Rinehart’s** Hancock Prospecting has [lost