125 resultsfor “current oil prices Iran conflict”
currently under a two-week ceasefire. Trump hopes to put pressure on Iran by targeting two economic drivers - the huge tolls it was demanding ships pay to pass through the Strait of Hormuz
oil prices were $98 a barrel in afternoon trading after topping $100 earlier on Monday. **We’ve got vision here of [Donald Trump](https://www.theguardian.com/us-news/donaldtrump) commenting on the AI-generated image he posted
oil, gas, chemicals and fertiliser remain largely stranded by Iran’s shutdown of the strait and the subsequent US naval blockade of Iranian ports. In the worst-case scenario of a prolonged
current blockade of the vital waterway, through which [20% of oil and seaborne gas flowed before the Iran war](https://www.theguardian.com/world/2026/mar/11/how-iran-has-used-the-strait-of-hormuz-to-throttle-oil-and-gas-a-visual-guide), is approaching the 11-week mark, sending energy prices soaring around the world
oil prices and the ripple effect of the prolonged closure of the strait of Hormuz shipping channel were among the factors cited by the BRC. Customers can still find bargains on TV and audiovisual equipment
current oil prices do not reflect the severity of what is going on in the Middle East. While prices have retreated from $100 a barrel, crude oil is still far more expensive than
conflict continues into the middle of the year and oil prices remain above $100 a barrel.  A farmer harvests wheat crops in the suburbs of Peshawar, Pakistan
currently [buying oil](https://www.bloomberg.com/news/articles/2026-03-30/sable-restarts-california-oil-sales-sends-crude-to-chevron) shipped through an offshore pipeline that California has attempted to [keep shut down.](https://oag.ca.gov/news/press-releases/attorney-general-bonta-seeks-halt-trump-administration%E2%80%99s-illegal-greenlight-oil) In the latest salvos, Chevron has [posted placards at California gas stations
conflict, the Asia Pacific region, where many economies are heavily reliant on imported fuel, is expected to take the biggest economic hit. In its latest forecast last month, the Asian Development Bank downgraded
oil supplies and contributed to rising prices. Countries around the world have been forced to seek alternative supplies and implement austerity measures to keep their economies afloat. Despite the breakdown in direct engagement, diplomacy continues
oil prices](https://www.theguardian.com/world/2026/apr/30/oil-price-news-highest-since-2022-us-iran-ceasefire-strait-of-hormuz) triggered by conflict, according to the Institute for Public Policy Research (IPPR). The institute said ministers should also temporarily cut fuel duty by 10p and bring in a new energy
conflict. ## Five big stories 1. ***Iran war*** | JD Vance was expected to fly to Islamabad at the head of a US diplomatic delegation on Tuesday [if Iran agrees to further talks](https://www.theguardian.com/world/2026/apr/20/jd-vance-to-lead-us-delegation-in-pakistan-if-iran-agrees-to-talks)
conflicted relationship between the US president and the Israeli prime minister, frenemies who could determine the fate of the current ceasefire. Trump went out of his way on Sunday to stress that
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
currently faces a 10% US tariff for most of its goods. However, US Treasury Secretary Scott Bessent said on Tuesday that the levies may be restored by the beginning of July to the levels
current Secretary General of ASD Europe (Aerospace, Security, and Defence Industries Association for Europe). "Are Europeans sufficiently aligned with the US, according to Trump's tastes?" That is the wrong question for Washington
conflict, mostly related to preventing Tehran from being able to expand its nuclear programme. At the weekend, Iran sent counter-proposals that Trump dismissed out of hand. ![A US destroyer implements a maritime blockade against
currently no exchanges with the US over the details of Tehran’s nuclear programme. “We know when it is necessary to act on nuclear matters. No negotiations have taken place on the details
oil prices and talk stock market prices up,” Sayigh said. “But also, I suspect, because he’s preparing the ground for more revelations about what is being negotiated with Iran.” ## Trump says Iran will ‘never
currently seeing a shortage of jet fuel". The closure of the Strait of Hormuz as a result of the conflict in Iran [has had a dramatic impact on jet fuel prices and raised concerns