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Was the Iran war the final blow in the collapse of Spirit Airlines?

global oil and gas prices, with Brent crude rising above $111 a barrel on Friday. The high crude oil prices have also caused ATF prices to rise, affecting budget airlines badly. Across the globe, airlines

More than 6 million Somalis face hunger amid climate shocks and conflict

markets even as food, fuel, and water prices continue to rise. In rural areas, especially, incomes no longer stretch far enough to meet needs. Insecurity caused by [armed conflict](/news/2026/4/14/somalia-reports-hit-on-al-shabab-with-international-support) adds further strain, displacing communities

UK households cut back spending at fastest rate in 18 months, Barclays says

fuel increased 10.4% – the greatest rise since December 2022 when Russia’s invasion of Ukraine caused a spike in petrol and diesel prices. The figures follow a slew of [surveys](https://www.theguardian.com/business/2026/may/11/uk-households-brace-cost-of-living-crisis-pwc-survey-consumer-confidence) and [reports

UK construction firms face sharpest rise in costs in nearly 30 years

rises in nearly 30 years as the war in Iran drives up prices for fuel and raw materials, according to a closely watched survey. The poll of UK construction companies found that input cost inflation

Oil prices plunge as Iran says Strait of Hormuz 'open' during ceasefire

global markets and causing prices to spike. Before the conflict, Brent crude was trading at under $70 per barrel. It rose above $100 before reaching a peak of more than $119 per barrel in March

Gas prices keep rising, but do big oil companies plan to drill more? Not so far

caused an unprecedented disruption to global oil flows, as traffic through the Strait of Hormuz [dropped to a near standstill](https://www.npr.org/2026/03/04/nx-s1-5736104/iran-war-oil-trump-israel-strait-hormuz-closed-energy-crisis) and some production in the Persian Gulf had to shut down. Markets

The rising cost of fertilizer and fuel prices is pushing some farmers to the brink

global food supply](https://www.npr.org/2026/03/20/nx-s1-5750812/how-the-iran-war-threatens-global-food-supply) Taylor has resorted to buying diesel fuel in small batches — "hand to mouth" as he calls it. He has storage capacity for more than 20,000 gallons

Move over wind farms: why some argue cutting costs is the best way to cut carbon

global energy shock is that the UK needs to get off the fossil fuel rollercoaster and onto clean homegrown power that we control," he says. "Driving for clean energy is a national security and economic

Oil prices rise and markets fall after US ship seizure hits Iran peace deal hopes

rise and markets fall after US ship seizure hits Iran peace deal hopes Oil prices rose sharply and European stock markets fell on Monday, after the US seizure of an Iranian vessel hit hopes

Africa sees winners and losers as Iran war pushes up oil prices

caused by the United States and 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

US petrol prices 50 percent higher than before war on Iran

rising 50 percent since the US-Israel war on Iran began. AAA’s website listed the price at that rate as of Wednesday, despite US President Donald Trump earlier pausing the military’s “Project Freedom

Airlines hike fares, cut millions of seats as Iran war drives up fuel costs

global air travel is emerging as a major casualty of elevated oil prices. Prices of jet fuel, which is primarily derived from crude oil, have risen more than 80 percent since the US and Israel

Why the RBA is predicted to deliver a third straight interest rate hike this week

cause of the latest inflationary pulse: the Middle East conflict. Official figures released last week showed inflation jumped by almost a percentage point to 4.6% in the year to March and the highest

China weathered Trump's tariffs - but the Iran war is taking a toll

global economy. China's economy was already battling slower growth and unemployment when Donald Trump's tariffs hit last year. Still, it proved resilient, boosting exports and reporting GDP growth of around

Iran war may cause food shortages in Africa, world’s largest fertiliser firm says

rises in some of Africa’s poorest and most vulnerable communities, the head of the world’s largest fertiliser company has said. Svein Tore Holsether, the chief executive of Yara International, said world leaders needed

Takeaway coffee sales plunge as fuel and living costs dent Australian spending. Is the economy next?

global economy is “getting closer to crunch time” because the longer the disruption to oil supplies continue, the greater the risk of recession. He says Australia is particularly vulnerable given its strong reliance

Norwegian government rebuked over decision to reopen North Sea gas fields

rises in oil and gas since the US and Israel’s attack on Iran in February, Oslo has also given its approval for oil and gas companies to explore in 70 new locations

Is Iran’s oil storage nearly full – and will it have to cut production?

market for all, or the risk of significant costs for everyone,” he added. “Stability in global fuel prices depends on a guaranteed and lasting end to the economic and military pressure against Iran

How Iran war has triggered soaring cost of medicines, condoms

caused severe disruption for airlines, featuring widespread cancellations, airspace closures and a looming [jet fuel crisis](/news/2026/4/16/jet-fuel-shortage-why-iran-war-could-ground-flights-in-europe). “35 percent of pharmaceuticals move by air, and about 90 percent of critical or life-saving pharmaceuticals

From syringes to stents: Iran war exposes NHS dependency on petrochemicals

fuel](https://www.theguardian.com/business/2026/apr/24/uk-eases-airline-penalties-jet-fuel-shortages-flights). In normal times, Dubai and Doha are key hubs for medicine air freight moving to Europe from India, known as the world’s pharmacy, where the bulk of off-patent drugs