104 resultsfor “how is the Iran war affecting oil prices”
Iran](/tag/israel-iran-conflict/). Since early March, the Strait of Hormuz, through which 20 percent of the world’s oil and liquefied natural gas (LNG) supplies are shipped during peacetime, has been effectively closed and shipping traffic
affected nuclear facilities”. Iran has long maintained that its nuclear programme is for peaceful purposes and has demanded recognition of its sovereign right to enrich uranium. **Donald Trump has doubled down on his criticism
price rises that followed Russia’s invasion of Ukraine. Households across the world are [spiralling into debt](https://www.theguardian.com/business/2026/apr/30/rising-costs-forcing-3m-uk-households-skip-meals-which-report), farmers [cannot afford fertiliser](https://www.theguardian.com/business/2026/apr/23/fertiliser-short-supply-australia-farmers-bread-prices-strait-of-hormuz) and governments are remembering that a dependency
prices have now shot up because of the war, the uncertainty created by the conflict will continue to put constraints on Saudi revenue and spending. And the influx of foreign investment in these hyper-expensive