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42 resultsfor “impact of US actions on oil prices”

Politics

US war on Iran was a 'mistake', says Reeves

prices have soared since the war began more than six weeks ago, causing a sharp reduction to traffic through the key Strait of Hormuz shipping route. Reeves told an audience at the Invest in America

BBC NewsApr 15
Politics

Iran war: Why the BRICS foreign ministers meeting in India matters

actions in Gaza, leading to a failure within the bloc to arrive at a consensus on the subject. “The meeting in India occurs at a difficult time in which the cohesion of the BRICS confronts

Al Jazeera EnglishMay 14
Politics

Could key climate talks mark ground zero in global push to ditch fossil fuels?

US-Israel attacks on Iran, the second such crisis within five years, after the price rises that followed Russia’s invasion of Ukraine. Households across the world are [spiralling into debt](https://www.theguardian.com/business/2026/apr/30/rising-costs-forcing-3m-uk-households-skip-meals-which-report), farmers

The Guardian WorldMay 1
Politics

Renewable energy will boost national security and protect UK from sabotage, minister says

oil crisis caused by the US-Israel war](https://www.theguardian.com/environment/2026/apr/24/global-oil-crisis-changed-fossil-fuel-industry-for-ever-iea-chief-fatih-birol) on Iran and the soaring [gas prices that followed Russia’s invasion of Ukraine](https://www.theguardian.com/environment/2026/apr/24/global-oil-crisis-changed-fossil-fuel-industry-for-ever-iea-chief-fatih-birol) in 2022. “We are dealing with

The Guardian WorldApr 26
Business

UK firms halt investments and hiring as Iran war pushes up costs, bosses warn

US-Israeli war on Iran, leading surveys of UK employers showed companies were increasingly prioritising cost management over growth as rising costs and global uncertainty weigh on confidence. According to a survey by the accountancy

The Guardian WorldMay 17
Politics

India-Nordic summit: Why is Modi wooing Northern Europe?

impacts India’s monsoon. Besides carrying out scientific endeavours in the region, in recent years, India has been eager to expand its strategic and economic footprint in the Arctic, which is rich in natural

Al Jazeera EnglishMay 19
Business

UAE quits OPEC: What that means for the Gulf, energy markets and beyond

impact on the market because the UAE’s exports, like those of all its neighbouring countries, are currently constrained by Iran’s control of the Strait of Hormuz. The UAE has been able to sell

Al Jazeera EnglishApr 29
Business

‘Turbulent and dangerous’: How shipping is the new global battleground

oil prices to multiyear highs. “Even short of a full shutdown, ‘permissioning’ and pressure can impose major costs and uncertainty,” Jack Kennedy, head of MENA Country Risk at S&P Global Market Intelligence, said

Al Jazeera EnglishMay 1
Conflicts

Why is piracy rising off Somalia again — and is the Iran war responsible?

impact of piracy off Somalia on the global economy was as high as $18bn during the height of the crisis. Intermittent hijackings have continued since then, with a number of incidents occurring in the area

Al Jazeera EnglishMay 1
Politics

The Iran war has strengthened Ukraine in surprising ways. Could a ceasefire with Russia be closer?

impact of attacking an adversary's oil export facilities. Russia's energy infrastructure is now a priority target, using Ukraine-manufactured long-range drones. According to Zelensky, Russia is suffering "critical" losses running to billions

BBC NewsMay 2
Politics

Hegseth faces questions about Iran in first congressional appearance since war began

us at exactly the same place we were before." Iran's closing of the Strait of Hormuz, a vital shipping corridor for the world's oil, has sent fuel prices skyrocketing and posed problems

NPR Topics: NewsMay 1
Business

Oil price slumps as Trump says he called off Iran attacks

action ⁠regarding Iran. However, oil prices fell back later after reports that an Iranian news agency said the US had accepted a temporary waiver on sanctions of Iran's crude oil during the negotiations, raising

BBC NewsMay 18
Business

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

prices depends on a guaranteed and lasting end to the economic and military pressure against Iran and its allies.” Since the [US naval blockade](/features/2026/4/29/can-russia-serve-as-an-economic-lifeline-for-iran-amid-the-hormuz-blockade) on the strait began, the US has opened fire

Al Jazeera EnglishApr 29
Politics

Another day, another pivot as Trump flails in an Iran trap of his own making

oil price and boosted stock markets, as the president’s upbeat messages are designed to do. But it all remained tenuous. Iran’s Islamic Revolutionary Guard Corps (IRGC) said the reopening of the strait

The Guardian WorldMay 6
Business

Airlines hike fares, cut millions of seats as Iran war drives up fuel costs

oil, have risen more than 80 percent since the US and Israel launched their war on Iran in late February, prompting airlines to hike fares, reduce their schedules, or both. In the starkest example

Al Jazeera EnglishMay 6
Politics

Hormuz effect? How US, China are ramping up tensions over the Panama Canal

actions as “bullying”, saying they raised “serious concerns” about using economic leverage to undermine Panama’s “sovereignty”. Beijing has denied the charges, calling them “groundless”. ## What other maritime crises are happening now? What makes

Al Jazeera EnglishApr 30
Politics

Trump administration blocks US wind energy projects in switch to oil and gas

prices, while the [increasing energy appetite of new AI datacenters has put more pressure](https://www.reuters.com/business/energy/us-consumers-face-rising-electricity-prices-despite-clean-power-savings--reeii-2026-04-28/) on power supplies. As energy costs and consumption continue to rise, wind and other renewable sources have been

The Guardian WorldApr 28
Politics

UK voters need to hear battle over bills and climate crisis are linked, green experts say

us hooked on expensive, imported oil and gas, and those that offer a way out of this cycle of insecurity.” ![Nigel Farage speaking outside Westminster to the media](https://i.guim.co.uk/img/media/7dbf045bc852398d957868fca99697acfd0eefd8/99_70_3292_2235/master/3292.jpg?width=445&dpr=1&s=none&crop=none) Nigel Farage’s Reform

The Guardian WorldMay 6
Politics

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

us to fight about whether we are going to do [the transition away from fossil fuels]," she adds. " This is a space for those who are ready to move forward." ![Daniela Durán, head of international

NPR Topics: NewsApr 29
Politics

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

BBC NewsApr 25
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