23 resultsfor “global energy prices surge due to Iran conflict”
Iran. Wall Street’s largest lenders have reported a jump in first-quarter earnings, reflecting the surge in demand for trading services as investors dumped risky stocks and bonds and sought safer havens for their
global energy prices that pushed the company’s market value to an all-time high last week. Centrica, the owner of British [Gas](https://www.theguardian.com/business/gas), closed down 5% and Drax fell 3%. The companies
global energy prices continue to surge due to the war. The latest “temporary 30-day general license” will “provide the most vulnerable nations with the ability to temporarily access Russian oil currently stranded
Iran war, according to the RAC. Petrol and diesel prices surged when the the conflict began on 28 February, with the production and transportation of energy across the Middle East slowing or stopping entirely due
global story. For instance, the supply chain shock has been worse in Asia due to its dependence on the Gulf for petroleum products.” Nigeria, Africa’s largest oil producer and exporter, has benefitted from
energy prices to surge, adding pressure on India’s foreign exchange reserves. Modi made his plea during a public event in the southern city of Hyderabad on Sunday. Here is more about what Modi said
due to the Iran war, its chief executive has said. Karex is also seeing a surge in condom demand as rising freight costs and shipping delays have left many of its customers with lower stockpiles
surging fuel prices due to the fallout of the US-Israel war on Iran have [impacted most of the world](/economy/2026/3/23/world-in-energy-crisis-worse-than-1970s-oil-shocks-combined-iea-head-says), import-reliant poorer countries are among the worst affected and the most lacking
Iran drives up prices for fuel and raw materials, according to a closely watched survey. The poll of UK construction companies found that input cost inflation – which accounts for expenses such as raw materials, energy
global supplies of oil and liquid natural gas - has been effectively closed for weeks due to the conflict. It remains much higher than the pre-conflict price of a barrel. The price of Brent crude
due to major conflicts in Ukraine, Iran, Sudan, Gaza and Lebanon and a surge in global defence spending. About half of the world’s countries have increased their military budgets over the past five years
surge German airline Lufthansa will cut 20,000 short-haul flights over the summer, saying soaring fuel prices have made many journeys "unprofitable" for the firm. Jet fuel has doubled in price since the start
conflict and unblock the Strait of Hormuz was legitimate and generous. He called for an end to the war across the region and the release of frozen assets abroad in response to the latest
energy crunch due to the Iran war and global trade tensions, including US President Donald Trump tariffs policies. China currently faces a 10% US tariff for most of its goods. However, US Treasury Secretary Scott
Iran effectively closed the [key Strait of Hormuz waterway](https://www.bbc.com/news/articles/c78n6p09pzno) in retaliation for US and Israeli strikes on the country. In recent weeks, companies around the world have warned that supply disruptions
surged worldwide. The question now preoccupying economists and policymakers is when – and how hard – the fallout will hit the cost of food. Analysts are in broad agreement that the true impact of the conflict
global energy prices to soar. The Islamic Revolutionary Guard Corps (IRGC) Navy warned in a statement on Saturday that "no vessel is to move from its anchorage in the Persian Gulf
global benchmark for crude oil, dropped to around $90 a barrel, down more than $10 from a week ago. U.S. crude is under $85 a barrel after rising above $110 at one point
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
Iran is likely to have a severe knock-on effect on the NHS. Photograph: Meysam Mirzadeh/Tasnim/AFP/Getty In response, NHS England has increased purchases of drugs and devices to build up buffers. While there