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115 resultsfor “Impact of Iran closing the Strait of Hormuz”

Politics

Iran’s President Pezeshkian seeks to quash divided leadership narrative

Hormuz, as long as the US naval blockade of Iran’s ports remains, [ramping up the pressure](/news/2026/4/29/irans-currency-falls-to-new-low-as-us-blockade-sanctions-impact-trade) on Iranian households. “But the Americans do not want to give any concessions. They started the naval

Al Jazeera EnglishMay 7
World

Europe has only six weeks’ supply of jet fuel left due to Iran war, says energy chief

closed the strait of Hormuz, a [vital export route for oil from the Gulf](https://www.theguardian.com/world/2026/apr/08/us-iran-ceasefire-mass-exodus-ships-strait-hormuz-analysts). The US and Iran last week agreed a two-week ceasefire, but talks on ending the war failed

The Guardian WorldApr 16
Politics

Are prices really dropping in the US, as Trump claims?

impact the 38 percent of Americans who do not invest in the stock market. “The idea that the stock market is doing well does not reflect people’s experiences. There’s a saying that

Al Jazeera EnglishJun 18
Politics

Middle East crisis live: US talks with Iran set to continue despite Iranian walkout

close it and you won’t have a country. You won’t even make it back to your fucking country.” Trump also reiterated an earlier threat that the US would ‌take over the strait

The Guardian World2h ago
Conflicts

UAE reports drone strike near Abu Dhabi nuclear power plant

impact on radiological safety levels, local authorities said. The country's defence ministry said in a statement that investigations were under way "to determine the source of the attacks". It added that it remained "fully

BBC NewsMay 17
Business

Gas prices went up more than 30 cents a gallon last week. How high could they go?

Iran ends, that gas prices will "drop like a rock." It is unclear when the war will end, but even when it does and the Strait of Hormuz is reopened, gas prices could still remain

NPR Topics: NewsMay 3
Business

UK consumers likely to face higher prices ‘for many months to come’

Iran over the weekend, the business body predicted lasting effects whatever the outcome. “Even if the current ceasefire soon signals the end of the conflict, the economic reverberations will be felt for many months

The Guardian WorldMay 26
Business

Airline profits plummet as US fuel costs nearly double

Strait of Hormuz, a critical passage for global energy shipments. Fuel costs surged by 78 percent to nearly $6.5bn in April, following a 26 percent jump in March, according to US Department of Transportation

Al Jazeera EnglishJun 8
Conflicts

Iranian drone hits Kuwait’s main airport after US strikes Qeshm Island

impact intended targets”, with several drones shot down. The US military also shot down three attack drones that had been launched by Iran “towards civilian mariners that were rightfully transiting regional waters”, CENTCOM said

Al Jazeera EnglishJun 3
Conflicts

US bombs Iran’s water facilities: Why that’s so significant

close to the Strait of Hormuz on Tuesday, and Iran retaliated by hitting US military bases in the Gulf. The US military said it targeted communications and radar facilities. Iranian officials, however, said civilian infrastructure

Al Jazeera EnglishJun 10
Business

Takeaway coffee sales plunge as fuel and living costs dent Australian spending. Is the economy next?

Iran conflict. “We are hearing from cafes and restaurants around the country that they’ve seen a slowdown in what patrons are purchasing,” says Wes Lambert, chief executive of the Australian Restaurant & Cafe Association. “Unfortunately

The Guardian WorldApr 22
Politics

Russian warship incident in Channel deeply concerning, says Starmer

close to the heavily armed frigate. “Following attempts to contact a British vessel in the channel, the Grigorovich fired warning shots. These were not aimed at the vessel and were an attempt to prevent

The Guardian WorldJun 17
Business

What's happening to UK petrol and diesel prices?

Hormuz. About 20% of the world's oil and liquefied natural gas normally passes through the strait, but it has been effectively closed since the war began. A ceasefire between the US/Israel and Iran that

BBC NewsMay 19
Politics

Australian military plane to join efforts to reopen strait of Hormuz, as Marles leaves door open to sending more assets

closed or heavily restricted since the beginning of the US-Israel assault in February. Marles said the meeting had resolved to back “collective diplomatic, economic and military capabilities to support freedom of navigation through

The Guardian WorldMay 13
Politics

Guardian Essential poll: Australians want higher tax on gas exports and extension of petrol excise cut

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

The Guardian WorldApr 29
Business

Even if the Iran war ended today, US fuel prices aren’t likely to normalize this year

Iran in late February, says [Denton Cinquegrana](https://www.opis.com/blog/post-author/denton-cinquegrana/), chief oil analyst at Dow Jones Energy. “For retail prices to drop $1.50, I think we could kiss that number goodbye for 2026,” he says

The Guardian WorldMay 23
Politics

Britain to create joint naval force with nine European countries as ‘complement’ to Nato

closed after the US-Israel war in Iran that “Russia remains the gravest threat to our security”. In a speech, the first sea lord said the 10 members of the Joint Expeditionary Force

The Guardian WorldApr 29
Politics

Iran sees mass redundancies from war with US and Israel

closed down after being hit by air strikes. It also includes other manufacturers, retailers, import and export business, and the digital sector. "You can see it from the emptiness of the metro," posted one user

BBC NewsApr 21
Politics

Iranian FM Araghchi to visit Pakistan as talks with US set to resume

Strait of Hormuz are key sticking points that in recent days have threatened to rupture Pakistan’s mediation efforts. For the residents of Pakistan’s capital, the equation is simpler – if frustrating: They want

Al Jazeera EnglishApr 24
Business

Wall Street seems to have decided the recession risk is over. Can the Australian market do the same?

Hormuz is reopened.” Which means despite the IMF’s grim warnings, investors have “already decided that the risk of recession is receding”. [Sign up for the Breaking News Australia email](https://www.theguardian.com/email-newsletters?CMP=copyembed&CMP=emailbutton) Oliver

The Guardian WorldApr 16
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