Calls for humanitarian corridor through strait of Hormuz as Iran war hits vital aid
status of cargo ships in the strait of Hormuz, in Hamburg, Germany, 15 April. Photograph: Ebrahim Noroozi/AP
Since the conflict began in February, oil prices have fluctuated, peaking at [almost $120](https://www.theguardian.com/business/2026/apr/12/iran-war-oil-energy-prices-inflation-washington-world-bank-imf)