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116 resultsfor “Impact of the Iran war on gas prices”

Business

Snack giant switches to black and white packaging as Iran war hits ink supplies

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

BBC NewsMay 12
World

US talks between Lebanon and Israel end – as it happened

Iran](https://www.theguardian.com/world/us-israel-war-on-iran).** Earlier on Tuesday, the International Monetary Fund (IMF) [cut its growth forecasts for 2026](https://www.theguardian.com/business/2026/apr/14/iran-war-global-recession-imf-uk-growth-forecasts-oil-prices) based on the impact of the war and said any further escalation

The Guardian WorldApr 15
Politics

Trump says he will suspend petrol tax amid soaring US fuel prices

Iran is on “life support”](/news/2026/5/11/trump-says-ceasefire-on-life-support-slams-iran-response-to-us-proposal). On Monday, Trump said he would suspend the petrol tax, but did not specify an end date. “Yup, we’re going to take off the gas

Al Jazeera EnglishMay 11
Politics

How badly is Europe affected by fertiliser shortages due to the Iran war?

war on Iran. The vital shipping route normally carries about one-third of the world’s seaborne fertiliser trade, raising fears that rising fuel and fertiliser costs could place further pressure on farmers already struggling

Al Jazeera EnglishMay 27
Politics

Iran war: Why the BRICS foreign ministers meeting in India matters

price is right, and with Trump’s short-termism and disregard of traditional US allies, Xi could be persuaded to take a more vocal line vis-a-vis Iran,” Loss said. “Taiwan might

Al Jazeera EnglishMay 14
Conflicts

Bowen: Strait of Hormuz standoff raises risk of sliding back into all-out war

gas, as well as helium for high tech industries and feedstocks for fertiliser, are having an increasingly heavy impact on millions of people a long way from the war zone. The fertiliser crisis risks causing

BBC NewsMay 5
Politics

Iran says Strait of Hormuz passage to be ensured after US pauses operation

war on Iran. ‌One ship, the CMA CGM Kribi, exited the Strait of Hormuz at the start of April. ## Lost revenues The prolonged disruption in Hormuz is likely to drag the economies of the Gulf

Al Jazeera EnglishMay 6
Business

Saudi Aramco profits jump despite conflict in Middle East

impact of a global energy shock and providing relief to customers affected by shipping constraints in the strait of Hormuz.” The strait, through which about a fifth of the world’s oil and gas supply

The Guardian WorldMay 10
Business

Oil prices slide on hopes of US-Iran peace deal

prices have fallen sharply and Asian stock markets have risen on hopes of a deal that could bring an end to the US-Israel war with Iran. On Saturday, US President Donald Trump said

BBC NewsMay 25
Business

Oil prices soar on fears of long supply disruption, US siege of Iran ports

war on Iran has cost the US military $25bn so far. “Prospects for any near-term resolution to the Iran conflict or a reopening of the Strait of Hormuz remain dim,” IG market analyst Tony

Al Jazeera EnglishApr 30
World

Europe has only six weeks’ supply of jet fuel left due to Iran war, says energy chief

Iran war has dragged on long enough that any extra reserves in the system are being used up, and other suppliers do not have enough capacity to replace supplies that come through the Gulf

The Guardian WorldApr 16
Business

Iran war’s big winners: Wall Street, weapons firms, AI and green energy

impact of the United States-Israeli war on Iran and the shutdown of the Strait of Hormuz on the world economy. The war has damaged energy infrastructure across the Gulf, while critical exports like

Al Jazeera EnglishApr 17
Business

Lower gas and electricity bills behind UK inflation fall to 2.8%

gas and electricity bills were behind a bigger than expected drop in the UK's inflation rate, official figures show. The rate of inflation, which measures price rises over time, fell

BBC NewsMay 20
Conflicts

Maths behind Hormuz toll: Is paying Iran for transit cheaper than blockade?

war broke out, Brent crude – the global benchmark for oil prices – closed at $72.48 per barrel. After Iran closed the waterway on March 4 and began attacks on vessels attempting to sail through, traffic came

Al Jazeera EnglishMay 21
Business

UK inflation rate rises to 3.3% in March after Iran war pushes up fuel prices

Iran war had added to the "devastating cost-of-living crisis" people have been struggling with for years. "It's only the Lib Dems with a real plan to protect people from Trumpflation

BBC NewsApr 22
Politics

Trump government extends Jones Act waiver by 90 days to dampen oil prices

Iran. Friday’s move, even though its [impact on lowering prices is questionable](/economy/2026/4/13/energy-prices-rise-despite-jones-act-suspension-by-trump), reflects a broader push by the White House to dampen politically sensitive fuel price spikes before November’s midterm elections, where

Al Jazeera EnglishApr 24
Politics

'Bit of pain' worth long-term security from Iran, Bessent tells BBC

impact on consumers would be less severe. Oil has risen close to $120 during the Iran conflict but has since fallen back, although it remains above pre-war levels, and [on Tuesday, a barrel

BBC NewsApr 14
Politics

UK relaxes strict sanctions on Russian crude oil

prices have eclipsed the high set during the Iran oil crisis. Relaxing sanctions will allow imports of jet fuel from India, which was previously a key supplier to the UK and Europe. Russian crude

The Guardian WorldMay 20
Business

Japanese snacks go black-and-white: Why Iran war is driving up ink prices

Iran war driving up ink prices? And will crisp packets be colourful again? ## What have Japanese companies said? In a statement, Calbee said its decision to switch to black-and-white packaging was a response

Al Jazeera EnglishMay 14
Business

Fertiliser shortages will have ‘dramatic’ effect on global food prices, warns farming boss

impact on food prices globally next year, according to one of Britain’s most powerful property and farming companies. Mark Preston, [executive trustee of the 349-year-old Grosvenor Group](https://www.theguardian.com/business/2025/may/28/trump-tariff-war-global-damage-grosvenor-duke-westminster), controlled

The Guardian WorldMay 6
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