68 resultsfor “impact of US Iran ceasefire on oil prices”
impacted by the conflict as they are heavily reliant on energy from the Gulf. UK and US energy and financial markets are closed on Monday for public holidays. Trump said on social media on Saturday
oil and liquefied natural 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
impacted companies to grasp the situation,” he said, adding that a fact-finding hearing would take place on Tuesday. However, major ink and chemical producers have raised prices due to the volatility in oil
ceasefire was reached, but a durable peace agreement remains elusive. Furthermore, the Strait of Hormuz – through which before the war one-fifth of the world’s oil and natural gas supplies were shipped, largely
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 involvement in the international mission to secure shipping through the Strait of Hormuz. “We believe this would be desirable,″ he said. Trump later appeared to rebuff his overtures, saying on social media that
prices are spiking again as efforts to resolve the [Iran 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
ceasefire, warning that the whole deal was contingent on its application to Lebanon.  Trump insisted that the agreement over
Iran agreed to over the weekend certainly could pave the way for even lower prices… in the next two to three days by what we saw over the weekend,” Patrick De Haan, head of petroleum
oil and gas supplies – as well as Iran’s nuclear and ballistic missile programme. Talks have largely not progressed and the strait remains mostly closed, despite the ceasefire and mediation efforts. On Saturday, the US
ceasefire between the US and Iran in April, Iran has been working on formalising a mechanism to charge a transit fee from ships crossing the critical chokepoint, through which 20 percent of the world
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 of the war and the importance of reopening the Strait of Hormuz, observers are less united on the severity of the current outlook. Traders who buy and sell financial contracts linked to food crops
impact,” it said. Kuwait’s Defence Ministry said a “number of hostile drones” were detected in the country’s airspace at dawn. In a post on X, a spokesperson said the drones were dealt with
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 oil
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, in an attempt to pressure Iran, has imposed
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
ceasefire, but a stand off between Iran and the US means the strait remains 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
ceasefire was on "massive life support" after rejecting Iran's demands, labelling them "totally unacceptable". According to news platform Axios, Trump is expected to hold a meeting on Tuesday with his top national security advisers
ceasefire that ends on 21 April.** “I think you’re going to be watching an amazing two days ahead,” Trump told reporter Jonathan Karl. > double quotation markIt could end either way, but I think