9 resultsfor “Gulf countries affected by Iran conflict”
Iran, but prices will rise if the US blockade escalates the conflict and affects other shipments from the Gulf, Daiyan added. Some companies expect higher oil prices to boost their business. On Tuesday, oil giant
conflict, which has sent energy markets reeling. Trump has criticized European countries for rejecting or hesitating to get involved in the war with Iran. The war on Iran has had severe consequences for economies across
Gulf, as well as highlighting the damage from the disruption driving up living costs. In a thinly veiled criticism of Trump’s America first agenda, the statement urged countries globally to respond to the Middle
Gulf countries' oil and gas refineries have caused further disruption in global supply. As a result, some international experts [say](https://www.atlanticcouncil.org/news/transcripts/fatih-birol-the-iea-is-ready-to-act-with-additional-releases-of-reserves-if-needed/) the world is now facing "the greatest energy security threat in history
Gulf countries' oil and gas refineries have caused further disruption in global supply. As a result, some international experts [say](https://www.atlanticcouncil.org/news/transcripts/fatih-birol-the-iea-is-ready-to-act-with-additional-releases-of-reserves-if-needed/) the world is now facing "the greatest energy security threat in history
countries will be able to pass its blockade. Access to the Strait of Hormuz has become a focal point of the US-Israel war with Iran after Tehran effectively choked off one of the world
Gulf - **Fragile recovery:** Saudi Finance Minister Mohammed Al-Jadaan welcomes Iran reopening the Strait of Hormuz, but says the situation remains fragile. Some countries can restart production quickly, while others will need more time, depending
affect the UK more](https://www.theguardian.com/business/2026/apr/14/iran-war-global-recession-imf-uk-growth-forecasts-oil-prices?CMP=Share_iOSApp_Other) than any of the other G7 nations. Rachel Reeves, the chancellor, has said she is [“frustrated and angry”](https://www.theguardian.com/world/2026/apr/14/rachel-reeves-folly-us-going-to-war-iran-without-clear-exit-plan) that the US launched strikes without
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