86 resultsfor “Iran conflict effect on US fuel prices”
conflict. White House officials worry that Trump’s foreign policy gamble in Iran and its effect on US fuel prices
conflict continues. The Gulf is a major source of aviation fuel, accounting for about 50% of Europe's imports. The bulk of it comes through the Strait of Hormuz, which Iran has effectively closed
prices higher once again. Amid the escalation, Pakistani officials say they are trying for more talks between the US and Iran ahead of the April 22 ceasefire deadline. Meanwhile, ship tracking data displayed by MarineTraffic
prices have been pushed up by the US and Israel conflict with Iran, as the effective halt of trade through the Strait of Hormuz has reduced global oil supplies. Before the conflict, the global
fuel energy bills.  Ursula von der Leyen speaks about the conflict’s effect on energy prices. Photograph: Omar Havana/AP
US-Iran war pushing millions into food crisis, warns UN The United Nations World Food Programme (WFP) has warned that the ongoing conflict between the United States and Iran is putting millions of people
price rises driven by Iran war as economic confidence plummets” and “UK prepared to deploy RAF Typhoons to keep Strait of Hormuz open after Iran war.” Earlier this month, The Independent reported that Prime Minister
effectively shut by Iran since the US and Israel launched military strikes in the country in late February. Tankers have been unable to pass through, drastically reducing the amount of oil and gas available
fuel bill had nearly doubled since the start of the conflict, adding as much as $500m (£367m) in costs per month, but it had passed this on to its customers through higher freight rates
Iran now in its seventh week, with a [fragile ceasefire](https://www.theguardian.com/world/2026/apr/08/middle-east-ceasefire-doubt-israel-lebanon-iran-oil-tankers) in place since earlier this month, Americans are continuing to feel the effects at the pump as [global fuel prices](https://www.theguardian.com
fuels. Even if the strait of Hormuz swiftly returns to normal operations, the burden of elevated oil and gas prices will reach about $600bn, according to recent International Monetary Fund figures analysed by the climate
US-Israel war with Iran began on 28 February. The conflict has disrupted the production and transportation of energy across the Middle East, and at some points has stopped it entirely as a result
conflict](https://www.bbc.co.uk/news/articles/cre1r4n5j5wo). Meanwhile, Spain's industry and tourism minister has advised people to buy flights sooner rather than later to avoid potentially costlier airfares due to the war. The price of jet fuel
US, the war with Iran is deeply unpopular, so Trump needs to reach a deal with Iran to end the war. Netanyahu, on the other hand, could benefit politically at home if it were
fuel prices, and may be forced into concessions earlier than Tehran. Midterm elections are due in the US in November. Iran’s Islamic Revolutionary Guard Corps (IRGC), whose grip on decision-making in Tehran, experts
Iran effectively closed the [key Strait of Hormuz waterway](https://www.bbc.com/news/articles/c78n6p09pzno) in retaliation for US and Israeli strikes on the country. In recent weeks, companies around the world have warned that supply disruptions
effect](/news/liveblog/2026/4/17/iran-war-live-ceasefire-starts-in-lebanon-as-trump-says-tehran-deal-close), paving the way for talks between Israeli and Lebanese officials on a longer-term deal, according to the US State Department. United States President Donald Trump has said an agreement
US-Israel war on Iran](https://www.theguardian.com/world/us-israel-war-on-iran). Inspired by the country’s [Cool Biz energy-saving initiative](https://www.theguardian.com/world/2005/jun/17/japan.justinmccurry), Tokyo officials hope the measure will cut dependence on air conditioning. Cool Biz, launched
conflict – in the years ahead. China is trying to quietly step in as a peacemaker with the war now in its third month. Beijing has joined Pakistan as a mediator in the US-Israel
US Vice President was ready to return to Pakistan for fresh negotiations to end a conflict that has sent crude soaring and revived inflation fears. **ATTA KENARE/AFP via Getty Images** ATTA KENARE/AFP via Getty Images