182 resultsfor “impact of Iran war on oil prices”
war continues, with the US on Sunday capturing an Iranian cargo vessel, even as Washington says it is willing to hold another round of talks with Tehran in Pakistan to reach a deal. Tehran
oil prices have pushed up fuel costs for businesses, including airlines - many of which are entering the peak holiday season. Irish airline Ryanair reported its full-year results on Monday and said: "The conflict
Iran war changed that. Although the Bank [held rates this month](https://www.bbc.co.uk/news/articles/cg7p89mp2rjo), it has signalled that rises could come later this year. Because of "uncertainty around the severity and duration" of the war
Iran war had doubled the chance of a recession to 20%. That’s a significant increase, but Spence says “the way I am thinking about it is that we could have
Iran apart. “The Philippines is not a playground for US missiles and bombs that will be used to kill civilians in other parts of the world,” the lawmakers said. Among the demonstrations showcased
Iran war could become Trump’s equivalent of Hurricane Katrina, the catastrophic tropical cyclone that killed 1,392 people in and around New Orleans in 2005 and inflicted huge damage on President George W Bush
war to pull global economy to post-COVID low: World Bank The [conflict](/news/2026/6/10/us-bombs-iran-after-trump-threat-tehran-closes-hormuz-strait-to-all-ships) in the Middle East is set to bring global economic growth to its slowest since the COVID-19 pandemic, the World
prices rose and global bonds wobbled on Monday, as fresh tensions in the Middle East fed inflation fears and bets that central banks will have to increase interest rates. Brent crude, the international benchmark
price increases, fertiliser shortages and stock market volatility – the effects have been felt faster than in most previous conflicts. Why? There are few clear answers — but analysts say several factors might help explain why this
impact the global prices. A lower rate of inflation does not mean prices are falling across the board, but that prices are rising more slowly than previously. The drop in inflation occurred despite the rise
impact of the war in Iran ripples across the aviation industry. [ this week off the coast of Somalia in what analysts fear is a replay of past piracy around the Horn of Africa
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
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 Russia’s invasion of Ukraine](https://www.theguardian.com/environment/2026/apr/24/global-oil-crisis-changed-fossil-fuel-industry-for-ever-iea-chief-fatih-birol) in 2022. “We are dealing with
oil depot last month](https://i.guim.co.uk/img/media/b15a71bc0546c06492cd5adcc1a1f188e7e45e89/139_0_2805_2244/master/2805.jpg?width=445&dpr=1&s=none&crop=none) The EY Item Club says the Iran war will cause the biggest economic hit since the pandemic. Photograph: Sasan/Middle East Images/AFP/Getty Images Matt Swannell, the forecast group
Iran ends, that gas prices will "drop like a rock." It is unclear when the war will end, but even when it does and the Strait of Hormuz is reopened, gas prices could still remain
war began. A ceasefire between the US/Israel and 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
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
Iran in late February, says [Denton Cinquegrana](https://www.opis.com/blog/post-author/denton-cinquegrana/), chief oil analyst at Dow Jones Energy. “For retail prices to drop $1.50, I think we could kiss that number goodbye for 2026,” he says
impact. However, bosses warned the damage from the Middle East conflict was steadily rising. A separate report from the Chartered Institute of Personnel and Development, the professional body for HR, also found that UK employers