33 resultsfor “impact of US Iran ceasefire on oil prices”
oil and gas prices yet again - The ceasefire collapses, full-scale war breaks out again between the US and Iran, also impacting
oil supplies remained halted, despite the temporary ceasefire between Iran and the US. The European Union’s top energy official is also warning that the energy crisis sparked by the war could impact prices
impact on petrol production. The fire comes at a sensitive time for Australia, given there has been a huge increase in oil prices triggered by the Middle East conflict, and there are enduring concerns over
prices as tankers carrying Middle Eastern oil are unable to reach global customers by crossing the Iran-bordering Strait of Hormuz. Trump has renewed a waiver allowing countries to buy sanctioned Russian oil because
prices, rose by as much as 5% on Monday to $95.50 (£70.75) a barrel. European stock markets dropped, with the UK’s blue-chip FTSE 100 index down 0.5%. The French
oil stockpiled at sea, high prices cushioning the impact, and a large domestic market, noting the country is used to “much harsher” conditions after years of pressure. ## War diplomacy - **Impasse likely despite pressure tactics:** Retired
us want to see a nuclear-armed Iran." --- ### **High jet fuel prices squeeze airlines** Meanwhile, the war and strait blockade are continuing to rattle global markets and push up costs, with the airline industry particularly
oil prices at about $100 (£74) a barrel. While US forces have proved capable of stopping ships coming out of Iranian ports, they have still not demonstrated the capacity to open the strait to vessels
oil and natural gas exports were shipped before the war. Bessent also commented on US tariffs on other nations, saying they could be back in place to previous levels by July after the US supreme
ceasefire began. Iran’s authorities this week projected [a hardened stance](/news/2026/4/25/irans-authorities-project-hardened-stance-with-more-talks-on-horizon) on negotiations with Washington, and pledged to fight the naval blockade of Iran’s southern waters, which the US Central Command insisted
Iran could plunge the global economy into recession, with the UK set to be the hardest hit of the world's advanced economies**.** Reeves said she was "not convinced that this conflict [had] made
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
Iran war shut the strait of Hormuz. The International Energy Agency has called the choking off of a fifth of the world’s oil and gas supply as the “greatest global energy security threat
ceasefire agreed by Iran and the US after a month of fighting expires on Wednesday. But a re-escalation in hostilities has seen Iran shutting down Hormuz for traffic, disrupting global fuel supplies and raising
ceasefire opened up a chance for diplomacy that looked for a short time as if it might make progress. Americans and Iranians faced each across a conference table in Pakistan's capital, Islamabad, but came
oil prices soaring since the US and Israeli attacks on Iran began in February. Darren Jones, the chief secretary to the prime minister, said the conflict would probably continue to raise prices for energy, food
ceasefire between Washington and Tehran is threatened because of Israel’s air strikes on Lebanon, which have killed more than 1,300 people, and its invasion of southern Lebanon. Opinion polls in the US
ceasefire, but talks on ending the war failed over the weekend. [Indirect talks brokered by Pakistan](https://www.theguardian.com/world/2026/apr/15/us-iran-indirect-talks-middle-east-war-ceasefire) are continuing. Brent crude oil futures prices, a global benchmark, remain more than 30% higher than
US use UK bases” for strikes on Iran’s infrastructure. And on Sunday, quoting a minister, The Times said the “economic fallout from the Iran war” would last at least eight months. Beyond the headlines
US involvement in the international mission to secure shipping through the Strait of Hormuz. “We believe this would be desirable,″ he said. Trump later appeared to rebuff his overtures, saying on social media that