78 resultsfor “impact of Middle East conflict on fuel prices”
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
price is about $800 higher than before the conflict started. Its chief executive, Kenton Jarvis, said demand remained strong in the short term but customers were leaving it later to book, owing to the economic
fuel and fertiliser costs could place further pressure on farmers already struggling with high expenses. While the EU is less directly impacted by fertiliser shortages than some other parts of the world, disruptions to supplies
Middle East weighed on demand for international travel. About 6.7 million people flew through the airport in April, a 5% drop compared with the same period last year. The fall reflected the impact from
Middle East conflict](https://www.npr.org/series/1205445976/middle-east-crisis) ### [Jet fuel prices double, leading airlines to increase baggage fees, raise fares](https://www.npr.org/2026/04/16/nx-s1-5785258/jet-fuel-airline-cost-iran-war-oil) "A lot of the fuel is used in the takeoff and landing processes," Grant
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
impact the global prices. A lower rate of inflation does not mean prices are falling across the board, but that prices are rising more slowly than previously. The drop in inflation occurred despite the rise
Middle East conflict might be resolved. AMP’s chief economist, Shane Oliver, says the global economy is “getting closer to crunch time” because the longer the disruption to oil supplies continue, the greater the risk
conflict in the Middle East provoked fears of another cost of living crisis, a report from one of the UK’s biggest banks has suggested. Barclays, which processes nearly 40% of the UK’s credit
fuel in the months ahead. But it said the price of the remaining 20% "has spiked due to the Middle East conflict". Ryanair's profits rose to €2.26bn (£2bn) from €1.6bn last year
Middle East conflict](https://www.npr.org/series/1205445976/middle-east-crisis) ### [How long will the war last? No one knows, and it's making oil prices weird](https://www.npr.org/2026/03/27/nx-s1-5757946/oil-iran-war-markets-uncertainty) Underinflated tires, heavy boxes in the back seat
prices and the longer they go on will have an impact on the economy,” he said. “And we do care. We’ve not seen anything particularly yet in terms of credit weakness. But what
conflict](https://www.theguardian.com/world/live/2026/apr/28/middle-east-crisis-live-iran-us-israel-lebanon-hormuz-nuclear-oil-latest-news-updates) has broken out in the Middle East, and the closure of the strait of Hormuz has sent gas prices steeply [upwards](https://www.theguardian.com/business/2026/apr/28/bp-profits-oil-gas-prices-iran-war-first-quarter). But Spain has been relatively protected compared
impact of global instabilities, such as US visa restrictions. Since the last election in 2023, there have been three byelections, including one triggered by the [killing of the independent MP Asot Michael](https://www.theguardian.com/world/2024/nov/05/suspected-homicide-of-politician-sends-shockwaves-across-antigua-and-barbuda-asot-michael).
impacted if Spirit Airlines is liquidated](https://www.npr.org/2026/04/22/nx-s1-5789050/spirit-airlines-liquidation-bankruptcy-impact) In recent weeks, Spirit had been in talks with the Trump administration on a deal that would have provided a $500 million cash infusion in exchange
impacted if Spirit Airlines is liquidated  Spirit Airlines planes parked at the closed George Bush Intercontinental
conflict](https://www.npr.org/series/1205445976/middle-east-crisis) ### [Jet fuel prices double, leading airlines to increase baggage fees, raise fares](https://www.npr.org/2026/04/16/nx-s1-5785258/jet-fuel-airline-cost-iran-war-oil) But getting back to gasoline prices below $3 a gallon on average would take even longer
impact of the higher fuel price will inevitably lead to lower profit this year than we originally anticipated.” Global oil prices have reached [peaks of $126 a barrel](https://www.theguardian.com/world/2026/apr/30/oil-price-news-highest-since-2022-us-iran-ceasefire-strait-of-hormuz) as the conflict continues
conflict continues. The biggest economic 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
Middle East and unsnarling supply chains takes time, say energy experts. [The national average gasoline price](https://fuelinsights.gasbuddy.com/charts) is at $4.55 as of 22 May, up roughly $1.50 from where it was before