Business – Page 5 – War Watch

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Iran could be the US’s Boer war: a hollow victory that marks the beginning of the end of empire | Larry Elliott
ByLarry Elliott March 19, 2026

US leaders anticipated a walkover. Now they’re embroiled in a conflict that could hasten the end of US economic dominance Nobody gave the Boers a prayer when the war in South Africa began in 1899. It was farmers ranged against the might of the British …

Read More Iran could be the US’s Boer war: a hollow victory that marks the beginning of the end of empire | Larry Elliott
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Commodities | Donald Trump | Energy industry | Gas | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Palestinian territories | Petrol prices | Qatar | US news | US-Israel war on Iran | World news

Middle East war: why tit-for-tat attacks on gasfields are a major escalation
ByPeter Beaumont March 18, 2026March 19, 2026

Strikes on South Pars and Ras Laffan are first time fossil fuel energy production facilities have been hit. Why is it significant?Middle East crisis – live updatesThe strikes on so-called upstream gas production facilities by both sides of the Middle E…

Read More Middle East war: why tit-for-tat attacks on gasfields are a major escalation
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Commodities | Donald Trump | Energy industry | Gas | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Palestinian territories | Petrol prices | Qatar | Saudi Arabia | United Arab Emirates | US-Israel war on Iran | World news

Iran threatens Gulf energy facilities after Israeli attack on its largest gasfield
ByJillian Ambrose March 18, 2026

Revolutionary Guards say they will strike infrastructure in Saudi Arabia, UAE and Qatar after South Pars field hitMiddle East crisis – live updatesBusiness live – latest updatesIran has threatened to attack energy infrastructure across the Gulf region …

Read More Iran threatens Gulf energy facilities after Israeli attack on its largest gasfield
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Commodities | Donald Trump | Gas | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Palestinian territories | Petrol prices | US foreign policy | US news | US-Israel war on Iran | World news

Will the strait of Hormuz torpedo Trump’s war? – podcast
By March 17, 2026

Events in the narrow waterway are causing chaos around the globe. Jillian Ambrose explains whyThe strait of Hormuz, a narrow stretch of water at the mouth of the Gulf, is the world’s petrol pump, a geographical bottleneck through which 20% of the world…

Read More Will the strait of Hormuz torpedo Trump’s war? – podcast
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Commodities | Donald Trump | Gaza | Global economy | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Palestinian territories | Petrol prices | UK news | US news | US-Israel war on Iran | World news

IEA to consider release of more oil reserves as Iran war keeps prices high
ByJillian Ambrose Energy correspondent March 16, 2026

Head of world’s energy watchdog says it will take time for markets to recover from ongoing crisis in strait of HormuzThe world’s energy watchdog will consider releasing further emergency crude stocks into the global market to cool rising oil prices aft…

Read More IEA to consider release of more oil reserves as Iran war keeps prices high
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | China | Commodities | Donald Trump | Energy industry | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Palestinian territories | Petrol prices | Russia | US foreign policy | US news | US-Israel war on Iran | World news

Iran’s Hormuz blockade is its most powerful card against Trump and Israel. It won’t back down easily | Jack Watling
ByJack Watling March 16, 2026

By imposing massive costs on the global economy, the Iranian government hopes to cause the US to back downThe US and Israeli decision to attack Iran has sent economic shockwaves around the world. About 20% of global oil supplies have been effectively b…

Read More Iran’s Hormuz blockade is its most powerful card against Trump and Israel. It won’t back down easily | Jack Watling
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Commodities | Donald Trump | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Palestinian territories | Petrol prices | Strait of Hormuz | Trump administration | US military | US-Israel war on Iran | Water transport | World news

What is the strait of Hormuz and can the US stop Iran from blocking it?
ByPeter Beaumont March 16, 2026

Energy prices have soared as Iranian strikes and reports of mines prevent ships from transiting the chokepointMiddle East crisis – live updatesMore than 1,000 cargo ships, mainly oil and gas tankers, have been blocked from transiting the strait of Horm…

Read More What is the strait of Hormuz and can the US stop Iran from blocking it?
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Labour has weapons in its arsenal to cushion the poorest from Iran war economic fallout | Heather Stewart
ByHeather Stewart March 15, 2026

Timely end of two-child limit plus a healthy uptick in universal credit signals ‘lifechanging’ boost to Britons most exposed to ‘Trumpflation’It doesn’t involve warships, drones or strategic oil stocks, but one of Labour’s most potent weapons for conta…

Read More Labour has weapons in its arsenal to cushion the poorest from Iran war economic fallout | Heather Stewart
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Beyond the strait: why attacks on Kargh Island could keep oil prices high
ByJillian Ambrose Energy correspondent March 15, 2026March 15, 2026

Oil could pass 2008 record of $147.50 a barrel as damage and field closures risk compounding supply shock caused by Iran warAbout 20 miles off the coast of Iran lies the source of the petrostate’s economic lifeblood and the latest target of US military…

Read More Beyond the strait: why attacks on Kargh Island could keep oil prices high
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Donald Trump | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Palestinian territories | Petrol prices | US foreign policy | US news | US-Israel war on Iran | World news

Iran threatens to escalate war after Trump says ‘many countries’ will send warships to strait of Hormuz
ByGuardian staff and agencies March 14, 2026March 14, 2026

US president calls on China, France, Japan and the UK to send vessels after US strikes Kharg Island oil facilitiesMiddle East crisis – live updatesIran threatened on Saturday to further escalate the war raging in the Middle East by targeting any facili…

Read More Iran threatens to escalate war after Trump says ‘many countries’ will send warships to strait of Hormuz