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71 resultsfor “What are oil companies doing about rising gas prices”

World

Russian superyacht sails through Strait of Hormuz despite blockade

gas (LNG) supplies normally pass through the waterway. Mordashov, who has close ties to Putin, is not listed as the formal owner of the luxury boat. However, Nord's records indicate it was registered

BBC NewsApr 28
Business

Oil prices surge as violence flares in Strait of Hormuz

companies have been hesitant to transit the waterway amid persistent safety concerns. While the US military reported that two US-flagged merchant ships crossed the strait in the hours after Trump announced “Project Freedom”, there

Al Jazeera EnglishMay 5
Business

UK firms halt investments and hiring as Iran war pushes up costs, bosses warn

rising energy and supplier bills compound higher labour costs prompted by last year’s step-up in employer national insurance and increases in the legal minimum wage. Another report from the Recruitment and Employment Confederation

The Guardian WorldMay 17
Politics

Trump gives the go-ahead for a major new Canada-U.S. oil pipeline

gas and coal](https://www.npr.org/2026/04/29/nx-s1-5786914/colombia-conference-fossil-fuels) The 3-foot-wide Bridger Pipeline Expansion would carry up to 550,000 barrels (87,400 cubic meters) of oil a day from the Canadian border with Montana down

NPR Topics: NewsApr 30
Business

‘Turbulent and dangerous’: How shipping is the new global battleground

gas and oil prices to multiyear highs. “Even short of a full shutdown, ‘permissioning’ and pressure can impose major costs and uncertainty,” Jack Kennedy, head of MENA Country Risk at S&P Global Market Intelligence

Al Jazeera EnglishMay 1
Politics

US-Iran ceasefire holds despite Hormuz standoff: Pentagon chief Hegseth

companies and insurers to encourage vessels to pass through. “We have established a powerful red, white and blue dome over the strait,” the Pentagon chief said. “American destroyers are on station, supported by hundreds

Al Jazeera EnglishMay 5
Business

Oil prices rise again with little sign of war on Iran ending

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

Al Jazeera EnglishMay 1
Business

US petrol prices 50 percent higher than before war on Iran

rising 50 percent since the US-Israel war on Iran began. AAA’s website listed the price at that rate as of Wednesday, despite US President Donald Trump earlier pausing the military’s “Project Freedom

Al Jazeera EnglishMay 6
Health

How Iran war has triggered soaring cost of medicines, condoms

gas (LNG) supplies are shipped in peacetime. Experts say this has also disrupted pharmaceutical supply chains, which are reliant on the oil supply. “Pharmaceuticals are tied to both petrochemical feedstocks, a large part of which

Al Jazeera EnglishApr 23
Business

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

rise on Thursday to $119.94 per barrel as of 00:57 GMT, and US West Texas Intermediate futures were at $107.51, Reuters said. Oil prices continue to surge with no resolution in sight

Al Jazeera EnglishApr 30
Business

Housing market in England and Wales weakening due to Iran war, say estate agents

oil and gas prices](https://www.theguardian.com/world/2026/apr/30/oil-price-news-highest-since-2022-us-iran-ceasefire-strait-of-hormuz). At the same time, [mortgage rates](https://www.theguardian.com/money/2026/may/05/uk-homebuyers-worst-mortgage-affordability-since-2008-data-shows) are likely to be affected by the current [sharp rise in government borrowing costs](https://www.theguardian.com/business/2026/may/12/uk-borrowing-costs-keir-starmer-bond-yields-pound-dollar-labour), as swap

The Guardian WorldMay 13
Politics

Hormuz effect? How US, China are ramping up tensions over the Panama Canal

company to operate the Balboa and Cristobal ports. That decision came amid sustained US pressure on Panama to curb Chinese influence around the canal. US President Donald Trump has suggested multiple times since his second

Al Jazeera EnglishApr 30
Business

Public procurement of electricity could save GB households £200 a year, says thinktank

rise](https://www.theguardian.com/money/2026/may/27/energy-price-cap-great-britain-rise-july-gas-electricity-iran-war) by more than £200 in July because of the impacts of the Iran war, which has driven up gas prices. Although the UK’s increasing use of cheaper renewable energy should

The Guardian WorldJun 10
Business

Drive slower, go electric, don't drive at all? The best options for saving gas

company Arity, which tracks driving habits. What can you do to cut costs? We asked the experts for ideas. ### **Drive smoothly. Pay less** The key to getting the most miles out of each gallon

NPR Topics: NewsMay 22
Politics

Iran War timeline continues to shift. And, jury rules Live Nation acted as monopoly

Oil prices have surged by about 40% since the war began, according to NPR's Aya Batrawy. Ellen Wald, a senior fellow at the Atlantic Council's Global Energy Center, says there is a [severe

NPR Topics: NewsApr 16
Politics

Bolivia's capital under siege as protests deepen crisis for President Paz

gas launched by police, near El Alto, Bolivia, Saturday, May 16, 2026. **Juan Karita/AP** Juan Karita/AP Paz reiterates that he inherited a "bankrupt state," yet his adversaries reproach him for his sluggish response

NPR Topics: NewsMay 20
Politics

First Thing: Vance to lead US delegation in Pakistan if Iran agrees to talks

company Palantir has published a manifesto extolling the benefits of American power and implying some cultures are inferior to others,** provoking [shock and condemnation](https://www.theguardian.com/technology/2026/apr/21/palantir-manifesto-uk-contract-fears-mps). - **A five-year-old Minnesota boy reportedly rescued

The Guardian WorldApr 21
Business

Tech stocks plunge in Asia after record rally and renewed Middle East attacks

rising energy prices, said chief investment strategist Charu Chanana from Saxo. Tech stocks have seen a strong run in recent weeks, but investors are "repositioning" over fears the investments into artificial intelligence may be overvalued

BBC NewsJun 8
Business

‘A year of resistance’: Cuba’s private sector faces Trump’s oil blockade

rising, the price of an electric tricycle has jumped by 50 percent. “This will be a year of resistance,” Salva said. [![Oishi stand in Pabellón Cuba](https://www.aljazeera.com/wp-content/uploads/2026/05/Oishi-stand-in-Pabellon-Cuba-1778093200.jpg?w=770&resize=770%2C506&quality=80)](/wp-content/uploads/2026/05/Oishi-stand-in-Pabellon-Cuba-1778093200.jpg) Oishi’s food stand in Pabellon

Al Jazeera EnglishMay 9
Business

Yemen fuel price hikes deepen hardship as transport costs rise

company said, because it imports already-refined fuel with prices that are tied to global product markets rather than the cost of crude oil. It added that fuel is priced in local currency upon arrival

Al Jazeera EnglishMay 8
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