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From oil giants to banks - these companies are making billions from Iran war

impact of the war so far has been a surge in energy prices. Around a fifth of the world's oil and gas is transported through the Strait of Hormuz

Tensions flare near Strait of Hormuz as a ship is seized and another is sunk

Strait of Hormuz](https://www.npr.org/2026/05/14/nx-s1-5819351/iran-implements-new-system-to-collect-fees-from-ships-in-strait-of-hormuz) Iran seized a number of ships, including a tanker identified as the Ocean Koi, last week, saying it was attempting to disrupt oil exports and Iranian interests, according

From night life in Egypt to rice farming in Vietnam, the war in Iran is a drain

oil and gas, fertilizer, food, medicines and more have been severely hampered by the blockade in the Strait of Hormuz, a key waterway for international trade. The impacts go beyond imports. Many households in Africa

India hikes fuel prices as Iran crisis bites

oil it consumes coming from overseas, and about half of its usual crude supplies transiting the Strait of Hormuz. This has seen the country heavily impacted by rising energy prices and supply disruptions from

Iran war: What’s happening on day 74 as Tehran says ready for ‘aggression’

oil sales to China, hours after similar UK measures. ## In the US - Trump dismissed Tehran’s response to the latest US peace proposal as “stupid” and “garbage”, amid fears the conflict could further disrupt shipping

Calls for humanitarian corridor through strait of Hormuz as Iran war hits vital aid

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 of oil, food, fertiliser and medicine, and driven

‘Inevitable’ jet fuel shortages will drive up air fares this summer, says Willie Walsh

Hormuz were to reopen tomorrow, the impact of disruption caused by the US-Israeli war on Iran could still be felt into next year, he said. Iran’s effective closure of the strait

As Iran crisis drags on, fears of global food crisis grow

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 difficult for many people around

Even if the Iran war ended today, US fuel prices aren’t likely to normalize this year

strait of Hormuz according to the [International Energy Agency](https://www.iea.org/about/oil-security-and-emergency-response/strait-of-hormuz), oil currently being kept off the global market. Normally, it takes anywhere from 30 to 60 days to turn a barrel of crude

Four in five Britons worried Iran war will make food more expensive, poll finds

strait of Hormuz has already sent oil and gas prices soaring, caused a [crisis in the global fertiliser industry](https://www.theguardian.com/world/2026/apr/03/visual-guide-gulf-fertiliser-blockade), and has made shipping and distribution more expensive. The effects have

The threat to summer holidays looming from jet fuel shortages

Strait of Hormuz having been blocked for the past eight weeks, however, those supplies have not been available, prompting a scramble for fuel produced elsewhere. This has pushed up prices dramatically. In late February, before

Feeling gloomy about the economy? The ‘vibecession’ has arrived in Australia – but experts are less worried

impact is more evident in regional areas than in the cities. Allen says the chance of a recession, at least for now, is “negligible”. “In the aggregate sense, the economy as a whole is holding

UK airlines given green light to cancel or consolidate flights to conserve jet fuel

transport secretary, Heidi Alexander, and representatives from Heathrow and Gatwick airports, British Airways, Virgin Atlantic and easyJet. The strait of Hormuz, a key artery for oil and gas, has been closed in effect since

UK steps up plans for potential shortages caused by Iran war

Hormuz, a key shipping channel through which 20% of the world's oil and liquid natural gas usually passes, has sent oil prices soaring since the conflict began. Earlier this month, government officials drew

Ships attacked in Strait of Hormuz after ceasefire extension

impacted, with [Reuters](https://www.reuters.com/business/united-airlines-sees-weak-q2-full-year-profit-fuel-shock-squeezes-margins-2026-04-21/?utm_medium=Social&utm_source=Facebook) news agency reporting the Chicago-based carrier had forecast second-quarter and full-year profits below Wall Street estimates. Meanwhile, the Department of Transportation says it is taking

Iran war costs Toyota £3bn as prices of materials soar and sales fall

Hormuz, have roiled global industry. Trump, under political pressure because of higher gasoline prices in the US, has said a [deal to reopen the strait](https://www.theguardian.com/world/live/2026/may/08/iran-us-israel-donald-trump-lebanon-ceasefire-oil-strait-hormuz-missiles-latest-news-updates?page=with%3Ablock-69fd86b98f08beea73b77224#block-69fd86b98f08beea73b77224) is on the table, but Iranian officials

Heathrow passenger numbers dip as demand for international travel ebbs amid Iran war fallout

impact from the Iran conflict and “short-term adjustments to travel plans”, the airport said. However, the number of transfer passengers transiting for onward flights rose 10% in April year-on-year, as travellers rerouting

We can make sure another Chornobyl disaster does not happen, here is how

impacts, and costs that continue to mount across generations. The lesson is clear. When nuclear systems fail, the consequences are long-lasting, widespread, and extraordinarily difficult to manage. The damage does not end when headlines

Airlines and companies using fuel surcharges to cover surge in costs, UK survey shows

transport companies, makes up about 81% of the economy, with activity therefore closely watched by economists. Moore warned that the improvement “could easily prove short-lived”, however, as new business remained subdued compared with

Airlines demand UK relax noise rules and cut flight tax as fuel shortage looms

strait of Hormuz. Last week the head of the International Energy Agency said flight cancellations would come soon if oil supplies from the Middle East were not restored, adding that [Europe had only six weeks