68 resultsfor “impact of Iran conflict on US gas prices”
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
gas uses the crucial waterway, whose blockage has sent prices soaring globally. A ceasefire has been in place between the US and Iran since April, but US President Donald Trump has said
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
Iran that started on 8 April has largely held, but efforts to strike a long-term peace agreement between the two sides have not been successful. Control of the strait has been a major sticking
US treasury secretary, Scott Bessent, extended a 30-day sanctions waiver allowing the purchase of Russian oil shipments already at sea, saying in a post on X that the extension would “provide additional flexibility
conflict with Iran has affected the domestic fortunes of the US president. But first, the headlines. ## Five big stories 1. ***UK politics*** | Keir Starmer was looking increasingly isolated over the Peter Mandelson scandal
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
impacts, and costs that continue to mount across generations. The lesson is clear. When nuclear systems fail, the consequences are long-lasting, widespread, and extraordinarily difficult to manage. The damage does not end when headlines
impact of the United States-Israeli war on Iran and the shutdown of the Strait of Hormuz on the world economy. The war has damaged energy infrastructure across the Gulf, while critical exports like
conflict,” Hurst said, promising to also provide a cost breakdown later. The estimated figure only reflects “the costs of the war”, Hurst said, explaining: “We’re factoring in costs of munitions expended in that total
conflict is driving up the costs of fuel, fertilisers, plastics and transport, resulting in higher food prices for communities from Manila to Quito. And now food production is at risk, with upwards of 20 percent
prices rose early on Monday after Iran fired missiles at Israel** and after heavy losses on Wall Street. At 9.53am (0053 GMT) Japan’s **Nikkei** 225 was off 3.41% while South Korea’s **Kospi
impact on lowering prices is questionable](/economy/2026/4/13/energy-prices-rise-despite-jones-act-suspension-by-trump), reflects a broader push by the White House to dampen politically sensitive fuel price spikes before November’s midterm elections, where affordability is expected to be a defining
conflict on the cost of living in the UK. Inflation is now expected to be higher this year due to the war and higher energy costs could also slow down the economy as people
conflict. Iran was already facing a multi-year drought and decline in precipitation, but the US-Israel war has added to the water woes after desalination plants, water pipelines and other civilian infrastructures were
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
Iran took turns at closing and blockading the strait of Hormuz shipping channel. Limiting the number of cargo ships passing through the 5km-wide passage has had an extraordinary global impact, reducing the global supply
gas and 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
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
gas (LNG) supplies are shipped during peacetime, causing oil prices to soar. Later, [Iran began charging tolls](/news/2026/3/26/tehranstollbooth-how-iran-picks-who-to-let-through-strait-of-hormuz) for passage through – a move until now unheard of for a strait. Despite a fragile ceasefire, Washington