47 resultsfor “impact of US-Israel war on oil prices”
US-Israel war with Iran caused the largest jump in petrol and diesel prices in over three years. The rise from 3% in the year to February was "largely due to increased fuel prices", while
US-Israel war on Iran has caused turmoil in global energy markets since the first strikes at the end of February. In retaliation, Iran has effectively closed the strait of Hormuz, a [vital export route
US-Israel war with Iran continues to 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
war responsible? At least three vessels have been targeted in [hijackings](/news/2026/4/27/suspected-pirates-steer-cargo-vessel-towards-somalia) this week off the coast of Somalia in what analysts fear is a replay of past piracy around the Horn of Africa
oil crisis caused by the US-Israel war](https://www.theguardian.com/environment/2026/apr/24/global-oil-crisis-changed-fossil-fuel-industry-for-ever-iea-chief-fatih-birol) on Iran and the soaring [gas prices that followed Russia’s invasion of Ukraine](https://www.theguardian.com/environment/2026/apr/24/global-oil-crisis-changed-fossil-fuel-industry-for-ever-iea-chief-fatih-birol) in 2022. “We are dealing with
US-Israel war on Iran, in Muscat, Oman, March 9, 2026 [Benoit Tessier/Reuters] ## What is the closure of the Strait of Hormuz costing? Nearly one-fifth of global oil and LNG exports were shipped
US-Israel war with Iran triggering the biggest loss of oil supply on record, [according to the World Bank.](https://www.bbc.co.uk/news/articles/cj4pxwlr52yo) Here, in five charts, we explain how Opec influences oil prices and what
impact of the US-Israel war with Iran, which has put up energy and fuel costs around the world. The Bank moves interest rates up and down to try to keep inflation on track
US-Israel war with Iran could plunge the global economy into recession, Bessent said the conflict was to eliminate the threat of Iranian nuclear strikes on Western capitals. "I wonder what the hit to global
oil and gas prices would certainly feed through to prices. But other factors made a decision on rates "very, very difficult", he said ahead of the next decision on 30 April. The [IMF warned
US-Israel war has added to the water woes after desalination plants, water pipelines and other civilian infrastructures were hit. The country’s main water supplies, including its reservoirs, rivers and groundwater reserves, are running
oil supply. “Pharmaceuticals are tied to both petrochemical feedstocks, a large part of which are sourced through the Persian Gulf,” Frederic Schneider, a nonresident senior fellow at the Middle East Council on Global Affairs, told
Oil holding around $90 despite fresh Iran headlines suggests markets are not pricing a sustained supply disruption. That leaves room for a bigger repricing if energy infrastructure, shipping routes or U.S. involvement escalate,” said Charu
US-Israel war on Iran](https://www.theguardian.com/world/us-israel-war-on-iran). As the chancellor, Rachel Reeves, [summoned bank chiefs for talks aimed at containing the fallout](https://www.theguardian.com/business/2026/apr/19/bank-bosses-meeting-rachel-reeves-impact-iran-war-uk-economy), twin reports from top accounting firms underlined the scale
impact of the US-Israel war with Iran. Gross domestic product (GDP) rose by 5% in the period, compared to a year earlier, according to official data. Economists had expected the figure to come
US-Israel attacks on Iran, the second such crisis within five years, after the price rises that followed Russia’s invasion of Ukraine. Households across the world are [spiralling into debt](https://www.theguardian.com/business/2026/apr/30/rising-costs-forcing-3m-uk-households-skip-meals-which-report), farmers
US-Israel war on Iran has sent oil prices tumbling to a three-month low amid hopes that the Strait of Hormuz will reopen. But it could be months before American consumers see major relief
US-Israel war on Iran closed down airspaces and plunged the aviation industry into chaos, airlines traversing the Middle East are slowly returning to normal traffic after being forced to cancel and reroute hundreds
prices down for a second day on Wednesday. Asian stocks rose while the safe-haven dollar stabilised after falling for a seventh straight session overnight. **Welcome to the Guardian’s continuing coverage of the crisis
US-Israel war on Iran is coming under growing strain as several Gulf countries have reported drone attacks. Qatar said on Sunday that a drone struck a cargo ship in Qatari waters, sparking a fire