33 resultsfor “how is the Iran conflict affecting global shipping”
affecting employment and livelihoods in Iran through disruptions to economic activity, mobility, and supply chains. Much of Iran’s grain imports pass through the Strait of Hormuz, a key global shipping route for Tehran
shipping through the strait, which has sent shockwaves through the global economy, has at times also deepened tensions between Washington and Beijing, with China particularly affected by the disruption of Gulf energy flows to East
shipping lane that carried a fifth of global oil and gas, has sent oil prices soaring since the US and Israeli attacks on Iran began in February. Darren Jones, the chief secretary to the prime
affected by shipping constraints in the strait of Hormuz.” The strait, through which about a fifth of the world’s oil and gas supply normally passes, has in effect been closed since the start
Iran took turns at closing and blockading the strait of Hormuz shipping channel. Limiting the number of cargo ships passing through the 5km-wide passage has had an extraordinary global impact, reducing the global supply
conflict with Iran. China and Iran are [close allies and trading partners](https://www.npr.org/2026/05/12/nx-s1-5818529/trump-china-iran-war), and there are questions about whether China has assisted Iran. The U.S. has spent weeks bombing Iran
conflict with Iran has affected the domestic fortunes of the US president. But first, the headlines. ## Five big stories 1. ***UK politics*** | Keir Starmer was looking increasingly isolated over the Peter Mandelson scandal
shipping continues in the Strait of Hormuz, which normally carries about one-third of global seaborne fertiliser and one-quarter of seaborne oil. “Food prices will definitely rise in the coming months, making it more
affected the "special relationship" between the two countries, Reeves said no, but added: "Friends are allowed to disagree". This week [the International Monetary Fund (IMF) warned](https://www.bbc.com/news/articles/c3v670qwz97o) that the US-Israel war with
ships for passing through the waterway. Starmer said the reopening of the strait was a "global responsibility," as countries worked to limit the economic fallout from the conflict, which has sent energy markets reeling
ships for passing through the waterway. Starmer said the reopening of the strait was a "global responsibility," as countries worked to limit the economic fallout from the conflict, which has sent energy markets reeling
shipping route had been choked off by the war in the Middle East, with Iran effectively closing off the narrow strait. In addition, Iran's retaliatory attacks on Gulf countries' oil and gas refineries have
conflict](https://www.npr.org/series/1205445976/middle-east-crisis) ### [Iran submits a 14-point response to a U.S. proposal to end war](https://www.npr.org/2026/05/02/nx-s1-5808924/iran-response-trump-proposal) Trump gave few details about what could be a sweeping attempt to help hundreds
affects other shipments from the Gulf, Daiyan added. Some companies expect higher oil prices to boost their business. On Tuesday, oil giant BP said it expected its trading division to report "exceptional" results
affected energy markets, maritime transport and global supply chains, as tanker traffic was brought down from an average of 129 in February to a virtual standstill. Mohammad Reza Farzanegan, professor of economics of the Middle
conflict to some degree. “The naval blockade has added economic strain, as several civilian ships have been captured in international waters. But it remains unclear how tight the blockade is, how many ships manage
affected Panama‑flagged vessels”. The countries accused China of detaining Panama-flagged ships in its own ports and said these actions are “a blatant attempt to politicise maritime trade and infringe on the sovereignty
Iran has caused severe disruption for airlines, featuring widespread cancellations, airspace closures and a looming [jet fuel crisis](/news/2026/4/16/jet-fuel-shortage-why-iran-war-could-ground-flights-in-europe). “35 percent of pharmaceuticals move by air, and about 90 percent of critical or life-saving
conflict involving [Israel and Lebanon](/news/2026/4/27/hezbollah-and-israel-swap-threats-and-strikes-across-lebanons-border) has also added to regional tensions. ## Iran signals openness to diplomacy Iranian Foreign Minister Abbas Araghchi met Russian President Vladimir Putin in St Petersburg on Monday and said Tehran
global economy, destabilising energy prices and exposing just how reliant international supply chains are on the channel that connects the Gulf with the Indian Ocean. An average of 138 ships passed through the strait each