104 resultsfor “how is the Iran war affecting oil prices”
prices have clearly been the leading preoccupation for airlines since the start of the conflict in Iran, there is another looming concern that particularly affects Europe: the risk that supplies could actually run short
Iran war, say estate agents Fears of higher mortgage rates and rising inflation as a result of the Middle East conflict are leading to a subdued and downbeat housing market, according to estate agents. Demand
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
oil prices soaring since the conflict began. Earlier this month, government officials drew up [a worst case scenario](https://www.bbc.co.uk/news/articles/cpvxp4xnrwdo) of food shortages, including chicken and pork, by the summer if the war continues
war in late February. The effective closure of the strait of Hormuz – which Iran’s Islamic Revolutionary Guard Corps said on Wednesday [could soon reopen](https://www.theguardian.com/world/live/2026/may/06/trump-iran-hormuz-us-project-freedom-live-updates-middle-east-crisis?filterKeyEvents=false&page=with%3Ablock-69fb1cad8f08d59811001e38#block-69fb1cad8f08d59811001e38) – has throttled global supplies of fertiliser, crucial
oil price significantly, albeit temporarily, bringing profits to those who bet the right way. [Recent reports](https://www.theguardian.com/business/2026/apr/08/polymarket-trump-us-iran-ceasefire) confirmed that Trump’s volatility has been making [lots of money](https://www.bbc.co.uk/news/articles/cge0grppe3po) for those
Iran war could push up inflation due to the surge in energy costs. The price of global oil benchmark Brent crude surged on Friday morning to over $109 a barrel - up from $105.72 on Thursday
war on Iran. [Sign up for the Breaking News Australia email](https://www.theguardian.com/email-newsletters?CMP=copyembed&CMP=emailbutton) One litre of Coles brand fresh milk has risen from $1.65 to $1.85, with two litres up from
war with Iran, potentially triggering a global recession that would [affect the UK more](https://www.theguardian.com/business/2026/apr/14/iran-war-global-recession-imf-uk-growth-forecasts-oil-prices?CMP=Share_iOSApp_Other) than any of the other G7 nations. Rachel Reeves, the chancellor, has said she is [“frustrated and angry
oil and gas prices have risen sharply due to the effective closure of the strait of Hormuz. The emerging picture of how the UK economy has been faring since the start of the Middle East
affected energy markets, maritime transport and global supply chains, as tanker traffic was brought down from an average of 129 in February to a virtual standstill. Mohammad Reza Farzanegan, professor of economics of the Middle
war on Iran. In a post on X on Monday, Treasury Secretary Scott Bessent announced that the US would issue the extension “to provide the most vulnerable nations with the ability to temporarily access Russian
affect US abilities to respond to threats elsewhere, including in the Indo-Pacific region, Lesser said, amid mounting concerns over depleted US ammunition stockpiles after five weeks of bombing Iran. A [report](https://www.csis.org/analysis/last-rounds-status-key-munitions-iran-war-ceasefire)
affected areas. Hundreds of thousands of people were forced to abandon their homes. Chornobyl is not history. It is a lived reality of radioactive contaminated land that cannot be farmed, homes that cannot be returned
prices. “It’s a repositioning,” Lorenzo Castellani, a political historian at Rome’s Luiss University, told Reuters. “She’s afraid that a sizeable portion of the electorate, even among the centre-right, will become highly
Iran War might affect your grocery bill](https://click.nl.npr.org/?qs=ABB7InYiOjEsImQiOjQ4NzJ9AAYAAAAAAL9OsaTu9TyofmRPxHuuuT0EBtMOU0PogPRXmjmp5qynnQLfFzJ4hIbC2H2kGNVAW4M3ayQBsmK7ssI9VhVMyhZVaqS0_B7_-A) - [Why isn't the White House ballroom using American steel?](https://click.nl.npr.org/?qs=ABB7InYiOjEsImQiOjQ4NzJ9AAYAAAAAAL9OsaTvnjW5tOkgZKqhP4Pu6yhldZhHD-rosq4jrRk-COdM0ThM9s7Ulxg8NHHAn0XSQftsDAjSel058t4F1E850ltLdk28Hg) ## News We're Watching ### **1.** [**When David (Paramount+ subscribers) Takes on Goliath
Iran war has cost the travel company Tui €40m (£34.7m) so far, including repatriating almost 12,000 holidaymakers and staff, and forced it to cut its profit forecast for this year. Europe’s biggest
affected when debt repayments increase significantly. As governments cut back public spending to accommodate rising debt costs, women, who are overrepresented in sectors such as education and care, are more likely to lose their jobs
war in which both sides have claimed to have hit the other while denying any damage to their own assets.  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