33 resultsfor “impact of US Iran ceasefire on oil prices”
prices are spiking again as efforts to resolve the [Iran war](/news/liveblog/2026/5/1/iran-war-live-tehran-says-us-ports-siege-intolerable-trump-mulls-action) remain at an impasse, with Tehran continuing to block the Strait of Hormuz and the United States Navy blockading Iranian ports and exports
impact of the war and the importance of reopening the Strait of Hormuz, observers are less united on the severity of the current outlook. Traders who buy and sell financial contracts linked to food crops
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 oil
oil prices to soar. Later, [Iran began charging tolls](/news/2026/3/26/tehranstollbooth-how-iran-picks-who-to-let-through-strait-of-hormuz) for passage through – a move until now unheard of for a strait. Despite a fragile ceasefire, Washington, in an attempt to pressure Iran, has imposed
us at exactly the same place we were before." Iran's closing of the Strait of Hormuz, a vital shipping corridor for the world's oil, has sent fuel prices skyrocketing and posed problems
ceasefire, but a stand off between Iran and the US means the strait remains closed to most traffic. - [Why the Strait of Hormuz matters so much in the Iran war](https://www.bbc.co.uk/news/articles/c78n6p09pzno) Although
ceasefire that ends on 21 April.** “I think you’re going to be watching an amazing two days ahead,” Trump told reporter Jonathan Karl. > double quotation markIt could end either way, but I think
oil price significantly, albeit temporarily, bringing profits to those who bet the right way. [Recent reports](https://www.theguardian.com/business/2026/apr/08/polymarket-trump-us-iran-ceasefire) confirmed that Trump’s volatility has been making [lots of money](https://www.bbc.co.uk/news/articles/cge0grppe3po) for those
impact on the market because the UAE’s exports, like those of all its neighbouring countries, are currently constrained by Iran’s control of the Strait of Hormuz. The UAE has been able to sell
ceasefire](https://www.theguardian.com/world/2026/apr/08/middle-east-ceasefire-doubt-israel-lebanon-iran-oil-tankers) in place since earlier this month, Americans are continuing to feel the effects at the pump as [global fuel prices](https://www.theguardian.com/business/2026/mar/31/us-average-fuel-prices-iran-war) [rise](https://www.theguardian.com/world/2026/apr/06/defense-contractors-oil-companies-profit-iran-war). For several readers
Iran took turns at closing and blockading the strait of Hormuz shipping channel. Limiting the number of cargo ships passing through the 5km-wide passage has had an extraordinary global impact, reducing the global supply
ceasefire looms. The US vice-president will travel with Steve Witkoff, Donald Trump’s special envoy, and Jared Kushner, the president’s son-in-law. Iran’s president, Masoud Pezeshkian, said there remained a “deep
prices amid the Middle East conflict. 3. ***UK news***| A British crew member who became ill after a suspected outbreak of hantavirus on luxury cruise ship the MV Hondius [is to be medically evacuated