Business – Page 5 – War Watch

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Oil price continues to rise amid Middle East crisis but stock markets rebound across Asia
ByJulia Kollewe March 5, 2026

Reports of attack on US registered tanker in Gulf lifts crude by 3% to $84 a barrel as gas price also starts to climbBusiness live – latest updatesMiddle East crisis – live updatesStock markets have rebounded in Asia after days of heavy losses driven b…

Read More Oil price continues to rise amid Middle East crisis but stock markets rebound across Asia
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‘A big burden for farmers’: Gulf shipping crisis threatens food price shock
ByJoanna Partridge March 5, 2026

Iranian blockade of the strategic strait of Hormuz is hitting global fertiliser supply chainThe global fertiliser supply chain could face significant disruption if the effective closure by Iran of the strait of Hormuz persists, prompting concerns from …

Read More ‘A big burden for farmers’: Gulf shipping crisis threatens food price shock
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Energy bills could rise by £160 after Iran conflict pushes gas prices higher
ByJillian Ambrose and Jessica Elgot March 4, 2026

Household costs could reach £1,800 a year from July as UK market hits three-year highMiddle East crisis – live updatesHousehold energy bills could climb by £160 a year from this summer after the war in Iran pushed the UK’s gas market to a three-year hi…

Read More Energy bills could rise by £160 after Iran conflict pushes gas prices higher
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How the US-Israeli war on Iran created a massive hole in global airspace
ByNick Evershed, Oliver Holmes and Tural Ahmedzade March 4, 2026

Airlines are using long-readied contingency plans but bottlenecks have formed that no amount of planning can fixMiddle East crisis – live updatesA war engulfing the Middle East has cleared the region’s skies, forcing airlines to make drastic rerouting …

Read More How the US-Israeli war on Iran created a massive hole in global airspace
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Could the Iran war spark a global economic crisis? – The Latest
By March 4, 2026

Global oil and gas prices have skyrocketed as war halts energy exports from the Middle East. The strait of Hormuz, a narrow passage of water that facilitates the shipping of about a fifth of the world’s oil, has been in effect closed since the regional…

Read More Could the Iran war spark a global economic crisis? – The Latest
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Maritime and port workers: how is the Middle East conflict affecting you?
ByGuardian community team March 4, 2026

With shipping routes disrupted and tensions rising across the region we want to hear from maritime workers, port workers and others working at sea who are affectedThe conflict in the Middle East is disrupting shipping across the region, including in th…

Read More Maritime and port workers: how is the Middle East conflict affecting you?
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Middle East conflict offers economic lifeline to Russia’s flagging war machine
ByPjotr Sauer March 4, 2026

With much of the world’s oil supplies out of action, Russia could step in to meet demand in China and IndiaA prolonged energy crisis triggered by the widening war in the Middle East could offer an economic lifeline to Russia’s war machine at a moment w…

Read More Middle East conflict offers economic lifeline to Russia’s flagging war machine
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UK borrowing costs jump again on fears Iran conflict will curb growth
ByPhillip Inman March 3, 2026

Investors suspect rising oil and gas costs will stoke inflation and delay cuts in interest ratesUK borrowing costs jumped for a second day on Tuesday as the potentially damaging effects of the Iran conflict spooked investors concerned that growth will …

Read More UK borrowing costs jump again on fears Iran conflict will curb growth
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China calls for vessels in strait of Hormuz to be protected amid soaring shipping costs
ByJoanna Partridge March 3, 2026March 3, 2026

Beijing’s foreign ministry urges ‘all parties’ to avoid escalation as number of crossings drops 60% in one dayHow escalating Iran conflict is driving up oil and gas prices – a visual guideBusiness live – latest updatesThe Chinese government has called …

Read More China calls for vessels in strait of Hormuz to be protected amid soaring shipping costs
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Iran conflict could have ‘very significant’ impact on UK economy, OBR warns; FTSE 100’s biggest fall in 11 months – as it happened
ByGraeme Wearden March 3, 2026March 3, 2026

Spring forecast show UK unempoyment to peak higher than feared, as tax take heads for a record, but headroom against fiscal rules has increasedSpring forecast: Reeves insists Labour has ‘right economic plan’ as 2026 growth downgradedUK grocery price in…

Read More Iran conflict could have ‘very significant’ impact on UK economy, OBR warns; FTSE 100’s biggest fall in 11 months – as it happened