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impact on lowering prices is questionable](/economy/2026/4/13/energy-prices-rise-despite-jones-act-suspension-by-trump), reflects a broader push by the White House to dampen politically sensitive fuel price spikes before November’s midterm elections, where affordability is expected to be a defining
impact on oil:** Parliament Speaker Mohammad Bagher Ghalibaf said no oil wells have “exploded” under the US blockade, arguing the measures have only driven up global prices. He added Iran’s storage has not reached
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
Israel attacked Iran, triggering another war in the Middle East and a global fuel crisis. Barely two weeks after the war began, the ceramics company where he worked shut down due to a shortage
impact of the Iran war bites,” said Peter Lewis, executive director of Essential Media. “This creates real challenges for the treasurer leading into the budget, but there is strong support for measures to review housing
Israel war has added to the water woes after desalination plants, water pipelines and other civilian infrastructures were hit. The country’s main water supplies, including its reservoirs, rivers and groundwater reserves, are running
Israel war on Iran: economic woes, political friction and worries about the country’s readiness for the future, strategically and militarily, if the conflict persists. On Thursday, the Financial Times blared, “Consumer confidence slumps
Oil holding around $90 despite fresh Iran headlines suggests markets are not pricing a sustained supply disruption. That leaves room for a bigger repricing if energy infrastructure, shipping routes or U.S. involvement escalate,” said Charu
oil supply. “Pharmaceuticals are tied to both petrochemical feedstocks, a large part of which are sourced through the Persian Gulf,” Frederic Schneider, a nonresident senior fellow at the Middle East Council on Global Affairs, told
Israel’s assault on Iran, with rising energy prices leading to spiralling costs for businesses, small and large, across the continent. Wainaina works six days a week, usually starting at 6:30am, to help support
impact of the US-Israel war with Iran. Gross domestic product (GDP) rose by 5% in the period, compared to a year earlier, according to official data. Economists had expected the figure to come
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
Israel started bombing Iran on February 28. Tehran responded by effectively closing the strait, through which one-fifth of the world’s oil and liquefied natural gas (LNG) supplies are shipped during peacetime, causing oil
Israel war on Iran closed down airspaces and plunged the aviation industry into chaos, airlines traversing the Middle East are slowly returning to normal traffic after being forced to cancel and reroute hundreds of flights
prices down for a second day on Wednesday. Asian stocks rose while the safe-haven dollar stabilised after falling for a seventh straight session overnight. **Welcome to the Guardian’s continuing coverage of the crisis
Israel launched their war on the country. Then, on April 13, the US imposed a naval blockade on Iranian ships and ports. Since then, the US has captured Iranian ships near the strait
oil price and boosted stock markets, as the president’s upbeat messages are designed to do. But it all remained tenuous. Iran’s Islamic Revolutionary Guard Corps (IRGC) said the reopening of the strait
Israel war with Iran in February caused shock waves across the global economy. The region plays a key role in global oil and gas supplies, and the closure of the key Strait of Hormuz shipping
oil, have risen more than 80 percent since the US and Israel launched their war on Iran in late February, prompting airlines to hike fares, reduce their schedules, or both. In the starkest example
Israel war on Iran is coming under growing strain as several Gulf countries have reported drone attacks. Qatar said on Sunday that a drone struck a cargo ship in Qatari waters, sparking a fire, while