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

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, in an attempt to pressure Iran, has imposed

'I don't want the children to see how worried we are': UK family finances hit by Iran war

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 the region, the squeeze on supply has pushed up the international price

Is Iran’s oil storage nearly full – and will it have to cut production?

prices depends on a guaranteed and lasting end to the economic and military pressure against Iran and its allies.” Since the [US naval blockade](/features/2026/4/29/can-russia-serve-as-an-economic-lifeline-for-iran-amid-the-hormuz-blockade) on the strait began, the US has opened fire

Middle East crisis live: US claims blockade has ‘completely halted economic trade’ into Iran, as Trump hints at return to talks in Pakistan

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

Another day, another pivot as Trump flails in an Iran trap of his own making

oil price and boosted stock markets, as the president’s upbeat messages are designed to do. But it all remained tenuous. Iran’s Islamic Revolutionary Guard Corps (IRGC) said the reopening of the strait

Deadlock over Iran's nuclear program and the Strait of Hormuz cripples peace efforts

impacted living costs globally. [](https://www.npr.org/2026/04/12/g-s1-117045/hezbollah-commander-lebanon-israel) ### [Middle East conflict](https://www.npr.org/series/1205445976/middle-east-crisis) ### [A Hezbollah

Airlines hike fares, cut millions of seats as Iran war drives up fuel costs

oil, have risen more than 80 percent since the US and Israel launched their war on Iran in late February, prompting airlines to hike fares, reduce their schedules, or both. In the starkest example

‘Project Freedom’ marks a classic Trump flip from warmonger to humanitarian

oil price significantly, albeit temporarily, bringing profits to those who bet the right way. [Recent reports](https://www.theguardian.com/business/2026/apr/08/polymarket-trump-us-iran-ceasefire) confirmed that Trump’s volatility has been making [lots of money](https://www.bbc.co.uk/news/articles/cge0grppe3po) for those

Katya Adler: Europe's Nato allies push back at reported US threat to Spain

impact, reared its Medusa-like head. Again. "No worries," Spain's determined-to-appear calm prime minister, Pedro Sanchez, said to waiting journalists as he arrived at the leaders' summit. "We are fulfilling our obligations

From syringes to stents: Iran war exposes NHS dependency on petrochemicals

strait of Hormuz are likely to extend any disruption further. NHS Supply Chain is the central procurement body that manages the sourcing, delivery and supply of more than 620,000 products, ranging from clinical consumables

Wednesday briefing: How Trump’s attempt to reopen to strait of Hormuz brought war closer again

prices amid the Middle East conflict. 3. ***UK news***| A British crew member who became ill after a suspected outbreak of hantavirus on luxury cruise ship the MV Hondius [is to be medically evacuated