87 resultsfor “impact of Iran war on global oil supply”
supply and impacted living costs globally. [](https://www.npr.org/2026/04/12/g-s1-117045/hezbollah-commander-lebanon-israel) ### [Middle East conflict](https://www.npr.org/series/1205445976/middle-east-crisis)
oil each day. Last month the company said it was able to maintain supplies despite the war in Iran. The company said there was no “immediate impact” to fuel supply from the fire
war continues, with the US on Sunday capturing an Iranian cargo vessel, even as Washington says it is willing to hold another round of talks with Tehran in Pakistan to reach a deal. Tehran
global benchmark – has soared from $66 per barrel to well above $100. On Tuesday, it was trading at about $110. Russian Urals crude, by comparison, is trading at between $97 and $100 per barrel
global instability puts businesses under pressure we'll always do what's needed to support them and ensure Britain's resilience," said Business Secretary Peter Kyle. However the support will not be immediately available. From
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
global benchmark for oil prices – closed at $72.48 per barrel. After Iran closed the waterway on March 4 and began attacks on vessels attempting to sail through, traffic came to a standstill, stranding about
Iran war. International Airlines Group (IAG), which also owns Aer Lingus, Iberia and Vueling, said it has hedged 70% of its expected fuel use for this year with costs expected to be about
oil depot last month](https://i.guim.co.uk/img/media/b15a71bc0546c06492cd5adcc1a1f188e7e45e89/139_0_2805_2244/master/2805.jpg?width=445&dpr=1&s=none&crop=none) The EY Item Club says the Iran war will cause the biggest economic hit since the pandemic. Photograph: Sasan/Middle East Images/AFP/Getty Images Matt Swannell, the forecast group
impacts go beyond imports. Many households in Africa and Asia [depend on remittances](https://www.dw.com/en/iran-war-puts-south-asias-gulf-remittances-at-risk/a-76513989) from relatives who work in the Gulf and send money home, but the war has caused serious economic disruption
impacted after Iran effectively closed the [key Strait of Hormuz waterway](https://www.bbc.com/news/articles/c78n6p09pzno) in retaliation for US and Israeli strikes on the country. In recent weeks, companies around the world have warned that supply
Iran war adds to the pressure on Keir Starmer’s government, the National Institute of Economic and Social Research (Niesr) has warned. 3. ***Oil*** | The UAE has [quit the Opec oil cartel](https://www.theguardian.com/business/2026/apr/28/uae-quit-opec-oil-exporters-cartel-donald-trump)
Impact Summit in New Delhi, which saw the participation of heads of state and tech billionaires, including French President Emmanuel Macron and OpenAI CEO Sam Altman. It was touted as the biggest edition
oil price. The most significant development this week was the collapse of Trump’s Project Freedom on Tuesday after just 50 hours. The unilateral US proposal had sought to create a safe zone for merchant
impacted by rising energy prices and supply disruptions from the US-Israel war on Iran. However, New Delhi had been avoiding hiking retail fuel prices, making it one of the last major economies to pass
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 of Iranian crude. On Friday, Brent crude, the international benchmark
war began. A ceasefire between the US/Israel and 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
war. Energy shipments through the Strait of Hormuz - a narrow shipping lane that has become a flashpoint since Israel and the US attacked Iran in February - have virtually ground to a halt. Iran has used
supplies remain trapped in the region. Here is what we know: ## In Iran - **Iran presses US on peace proposal:** Iran’s chief negotiator and Parliament Speaker Mohammad Bagher Ghalibaf said Washington must accept Tehran
supplies are shipped through the corridor. Two days after the US and Israel launched their first air strikes in their war on Iran on February 28, Ebrahim Jabari, a senior adviser to the commander