134 resultsfor “Impact of the Iran war on gas prices”
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
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
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
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
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
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
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
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
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
Iran in the countries of the Global South — notably in Africa and Asia because of their dependence on imports from the region. In many countries, daily life has not been the same since the war
Iran](https://www.theguardian.com/world/iran) is “pretty close” to signing a peace agreement with the US, which would see the strait of Hormuz, the narrow maritime passage through which about 20% of the world
gas (LNG) are shipped from Gulf producers. Before the start of the war, the UAE’s production capacity had grown to 4.8 million bpd, but under its OPEC agreement, it was only allowed to produce
war. That policy came alongside a co-ordinated cut to oil production. Oil prices more than doubled, there was fuel rationing, and the significant knock-on effects were compounded by a second oil shock
war on Iran](https://www.theguardian.com/world/2026/mar/20/iran-war-shocks-across-globe-effects-key-takeaways), which has disrupted flights and driven up operating costs, prompting Thailand’s tourism authority to revise down the national target for international arrivals by as much
impact on economically poorer countries. Iraq is not shipping or producing oil, which is normally responsible for 85% of revenues. Bangladesh, with significant household needs for gas for cooking, is cut off from Middle East
impact of the war in terms of fuel supply for Nigeria and neighbouring countries, analysts say. Nigeria is Africa’s largest oil producer, and the $19bn project in Lagos is currently the world’s largest
gas prices are climbing and inflation fears are back. But the bigger risk is ‘demand destruction’. “Demand destruction happens when high prices force people and businesses to buy less. We’re seeing it already
impact on civilians. Sites that hold Iran’s stockpile of highly enriched uranium, which has been a key point in negotiations, could be targeted, but those facilities and other nuclear sites are probably deep underground
impact of the Iran war. The Office for National Statistics (ONS) said the rate of unemployment was up in the three months to March, from 4.9% in February, a rate that City economists had expected
Iran talks show both sides are “speaking past each other”, warning pressure tactics such as Strait of Hormuz disruptions could deepen the conflict, damage the regional economy and harden tensions into a prolonged “frozen conflict