16 resultsfor “Iran conflict effect on US fuel prices”
fuel energy bills.  Ursula von der Leyen speaks about the conflict’s effect on energy prices. Photograph: Omar Havana/AP
effectively shut by Iran since the US and Israel launched military strikes in the country in late February. Tankers have been unable to pass through, drastically reducing the amount of oil and gas available
Iran now in its seventh week, with a [fragile ceasefire](https://www.theguardian.com/world/2026/apr/08/middle-east-ceasefire-doubt-israel-lebanon-iran-oil-tankers) in place since earlier this month, Americans are continuing to feel the effects at the pump as [global fuel prices](https://www.theguardian.com
effect](/news/liveblog/2026/4/17/iran-war-live-ceasefire-starts-in-lebanon-as-trump-says-tehran-deal-close), paving the way for talks between Israeli and Lebanese officials on a longer-term deal, according to the US State Department. United States President Donald Trump has said an agreement
effectively blocked the waterway since the US and Israel attacked the country in late February, driving up global energy and fuel prices. On Friday, Iran's foreign minister said the route was now "completely open
effectively closed and peace talks between the US and Iran failed. The IMF said: "Once again, the global economy is threatened with being thrown off course - this time by the outbreak
effect found that, when weighing both the costs and the benefits of the conflict, 51% say it has not been worth it. > double quotation mark54% say U.S. military action in Iran has had a mostly
effects should be short-lived. Viva’s Corio facility is one of two domestic refineries that reduce Australia’s heavy reliance on direct imports of ready-to-use oil products from Asia. A fire [broke
US-Israel war with Iran, according to the RAC. It follows weeks of rises after the effective closure of the Strait of Hormuz - a key transit route for oil and gas - dramatically pushed up wholesale
effectively closed by Iran for more than six weeks in response to US and Israeli attacks, sending the price rocketing and prompting fears of shortages. IEA executive director Fatih Birol told AP there could soon
conflict going on there, but there is still no legal basis in international law to take any actions to block any strait used for international navigation," Secretary-General Arsenio Dominguez told the BBC. Donald Rothwell
fuel to fertiliser. “It is very interesting that President Trump is putting such a positive spin on things, not only to encourage markets and talk down oil prices and talk stock market prices up,” Sayigh
effect falling under RSF control. RSF forces remain present in scattered areas of North Kordofan, including Umm Qarfah, Jabra al-Sheikh, Umm Badr, Hamra al-Sheikh, and Sodari. They are also active in parts
effect of removing almost two millions barrels of oil a day from the world market, further tightening global supply.** Data shows that Iran exported an average of 1.84m barrels per day in March, despite
Iran. The ceasefire took effect at midnight local time in Lebanon, where Israel had been conducting devastating airstrikes aimed at wiping out the Iranian-backed Hezbollah militia. Trump said on social media that the truce
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