57 resultsfor “impact of US war with Iran on gas prices”
price increases, fertiliser shortages and stock market volatility – the effects have been felt faster than in most previous conflicts. Why? There are few clear answers — but analysts say several factors might help explain why this
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 a far more complex threat landscape
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 Iran war bites,” said Peter Lewis, executive director of Essential Media. “This creates real challenges for the treasurer leading into the budget, but there is strong support for measures to review housing
us want to see a nuclear-armed Iran." --- ### **High jet fuel prices squeeze airlines** Meanwhile, the war and strait blockade are continuing to rattle global markets and push up costs, with the airline industry particularly
gas (LNG) supplies are shipped through the corridor. Two days after the US and Israel launched their first air strikes in their war on Iran on February 28, Ebrahim Jabari, a senior adviser
Iran. The strait is a vital water passageway through which one-fifth of the world’s oil and liquefied natural gas (LNG) supplies are shipped during peacetime. The collapse in supplies has driven a sharp
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
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
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
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
US’s top utilities’ CEOs enjoyed a 16% pay raise last year – to an average of $12.3m – even as consumers shoulder the pain from high bills spurred by continuing inflation, the Iran war
gas (LNG) supplies are shipped during peacetime, causing 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
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 the UK gets very little of its gas from
war in Iran has caused a fuel crisis and spiked global prices, while the [increasing energy appetite of new AI datacenters has put more pressure](https://www.reuters.com/business/energy/us-consumers-face-rising-electricity-prices-despite-clean-power-savings--reeii-2026-04-28/) on power supplies. As energy costs
impacts on displacement?** Sexualized attacks are hastening the displacement of Palestinians, according to the report, with more than two-thirds of households surveyed identifying rising violence against women and children as a tipping point
Iran. High oil and gas prices and energy shortages triggered by the recent war have created what the Executive Director of the International Energy Agency, Fatih Birol, has called "[the mother of all energy crises