15 resultsfor “impact of Iran war on energy shipments”
shipments. Iran retaliated against US-Israeli airstrikes by threatening to attack ships in the waterway, through which about a fifth of the world's energy usually passes. Oil prices [surged by 6% on Wednesday
Iran in the countries of the Global South — notably in Africa and Asia because of their dependence on imports from the region. In many countries, daily life has not been the same since the war
impact of the war so far has been a surge in energy prices. Around a fifth of the world's oil and gas is transported through the Strait of Hormuz, but those shipments effectively ground
war in Iran, which is now entering its eighth week, has killed thousands and rocked the global energy market. Normally about one-fifth of the world’s oil and gas passes through the strait
shipments pass, has sent oil prices surging. But Iran has continued exporting its own oil - and in doing so, cashing in on the high prices. March was the fifth biggest month for oil exports from
shipments that set off before the war continued to arrive. The final cargoes have now made it to Europe. Birol said Europe had “maybe six weeks or so [of][ jet fuel left”, AP reported
energy shock from the Iran war would hit the UK the hardest of the world's advanced economies, and cut its estimate for UK growth this year to 0.8% from its previous prediction
impacted after 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
war in Iran has [frozen shipments](https://www.theguardian.com/world/2026/apr/03/visual-guide-gulf-fertiliser-blockade) of fertiliser through the strait of Hormuz, creating a supply crunch that has already damaged [farming in the UK](https://www.theguardian.com/business/2026/may/06/fertiliser-shortages-iran-war-global-food-prices-farming), Europe
war. Energy shipments through the Strait of Hormuz - a narrow shipping lane that has become a flashpoint since Israel and the US attacked Iran in February - have virtually ground to a halt. Iran has used
shipments due to continue “well beyond” the weekend. > double quotation markWe’ve made very clear and transparently, there were six ships that were cancelled for April that were due to arrive and of those, they
energy sites hit by Iran, as well as their reputations as safe havens for business damaged by the war. Kamrava said the US economy would be able to absorb the economic shock caused
shipments of rare earths and critical minerals after export controls disrupted parts of the American automotive and aerospace sectors. ### Iran war and the Strait of Hormuz The [Iran war](/news/liveblog/2026/5/13/iran-war-live-trump-travels-to-china-as-conflict-with-tehran-looms-large) is expected
impacted by geopolitical risks that have disrupted global markets,” the Market Intel states. “Since the escalation of tensions in the Middle East, nitrogen fertiliser prices have risen more than 30%, while combined fuel and fertiliser
Energy Agency (IAEA) said any US-Iran agreement to end the war **must include “very detailed” measures to verify Tehran’s nuclear activities.** “Iran has a very ambitious, wide nuclear programme so all of that