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UAE quits OPEC: What that means for the Gulf, energy markets and beyond

impact on the market because the UAE’s exports, like those of all its neighbouring countries, are currently constrained by Iran’s control of the Strait of Hormuz. The UAE has been able to sell

More big energy users to get help as support plan expanded

impact on domestic bills. The start of the war in Iran pushed oil and gas prices sharply higher, though they did not reach the same levels as during the aftermath of Russia's invasion

Air France-KLM cuts capacity growth forecast amid expected $2.4bn fuel bill rise

Iran war broke out as more travellers favoured European carriers for flights to Asia, and that it had raised ticket prices in response to the increase in fuel costs. Earlier this week, Europe’s airport

Less bread and WFH Fridays – what Pret boss knows about our habits

impact demand, as the bulk of their estate remains in city centre locations." Rising costs are clearly a concern for businesses and consumers. Pret's latest accounts, for 2024, show like-for-like sales were

The crises caused by the Iran war will hit the world in four waves

Iran war has only just begun to deliver its costs – costs that will be paid, as always, by nations that had no role in starting the conflict. Its global impact will come in four waves

UN tells world to brace for extreme weather as El Nino looms

Impacts will hit even harder, travel even farther, and cross borders with devastating speed,” said Guterres. The trend could help fuel especially [severe wildfires this year](/video/newsfeed/2026/5/28/europe-hit-by-record-breaking-heatwave), according to researchers at Imperial College London

Wall Street seems to have decided the recession risk is over. Can the Australian market do the same?

war. “We rely more on fuel imports, and that leaves us vulnerable. “We are a net exporter of energy, which boosts our national income and buoys the budget. But [higher fuel prices are] a bigger

In five charts - How UAE's exit could affect Opec's influence over the oil price

war. That policy came alongside a co-ordinated cut to oil production. Oil prices more than doubled, there was fuel rationing, and the significant knock-on effects were compounded by a second oil shock

How the airline industry could be impacted if Spirit Airlines is liquidated

impacted if Spirit Airlines is liquidated  Spirit Airlines planes parked at the closed George Bush Intercontinental

Iran war: What’s happening on day 74 as Tehran says ready for ‘aggression’

Iran talks show both sides are “speaking past each other”, warning pressure tactics such as Strait of Hormuz disruptions could deepen the conflict, damage the regional economy and harden tensions into a prolonged “frozen conflict

Calls for humanitarian corridor through strait of Hormuz as Iran war hits vital aid

war on [Iran](https://www.theguardian.com/world/iran) is taking a toll on the most vulnerable people, by slowing or blocking food and medical aid from reaching them. Now aid organisations are calling for a “humanitarian corridor

Coles adds 20c to the price of milk as war in the Middle East pushes up Australian grocery costs

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

Oil price slumps as Trump says he called off Iran attacks

fuel in the months ahead. But it said the price of the remaining 20% "has spiked due to the Middle East conflict". Ryanair's profits rose to €2.26bn (£2bn) from €1.6bn last year

We can make sure another Chornobyl disaster does not happen, here is how

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

States should tax windfall oil profits to fund their way out of crisis

impacts, but they are now suffering through increasingly frequent price crises where meals are skipped, jobs are lost, and lights are turned off. This public dip in conditions and cost of living runs parallel

Uncertainty looms as last oil tanker from Middle East arrives in California | First Thing

fuel demand for the next six weeks with its current supply. The New Corolla is delivering about 2m barrels of crude oil, the Los Angeles Times [reported](https://www.latimes.com/environment/story/2026-05-03/californias-last-oil-shipment) on Sunday. The arrival

Gasoline could drop below $4 in coming days

war in Iran, airlines around the world are canceling flights and scaling back routes due to surging jet fuel prices.](https://npr.brightspotcdn.com/dims3/default/strip/false/crop/2856x2856+677+0/resize/100/quality/85/format/jpeg/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F9b%2F66%2F20a4d7a94b11b7aab921d6132a81%2Fgettyimages-2270636076.jpg)](https://www.npr.org/2026/04/16/nx-s1-5785258/jet-fuel-airline-cost-iran-war-oil) ### [Middle East conflict](https://www.npr.org/series/1205445976/middle-east-crisis) ### [Jet fuel prices double, leading airlines

Renewable energy will boost national security and protect UK from sabotage, minister says

fuel power stations. They are also not vulnerable to supply shocks, such as the current [oil crisis caused by the US-Israel war](https://www.theguardian.com/environment/2026/apr/24/global-oil-crisis-changed-fossil-fuel-industry-for-ever-iea-chief-fatih-birol) on Iran and the soaring [gas prices that followed

UK faces higher prices for eight months after war in Iran ends, says minister

war in Iran ends, a minister has said. The closure of the strait of Hormuz, a key shipping lane that carried a fifth of global oil and gas, has sent oil prices soaring since

Faisal Islam: Six things we now know about the UK economy in charts

Iran War, so it is interesting to compare the UK with the rest of the G7. It is currently the fastest growing of these major economies - while Japan has not yet reported, its growth figure