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What is the strait of Hormuz and can the US stop Iran from blocking it?
ByPeter Beaumont March 13, 2026March 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?
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 | Strait of Hormuz | US-Israel war on Iran | World news

The Guardian view on the cost of Trump’s war on Iran: the world’s poor will pay most dearly | Editorial
ByEditorial March 12, 2026

The economic fallout of the US-Israeli assault and Tehran’s retaliation is spreading fast, and pushing the most vulnerable towards disasterSoaring prices at the pump, the scrapping of mortgage deals, and the prospect of higher prices for everything fro…

Read More The Guardian view on the cost of Trump’s war on Iran: the world’s poor will pay most dearly | Editorial
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Commodities | Donald Trump | Energy industry | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Oil and gas companies | Palestinian territories | Petrol prices | US news | US-Israel war on Iran

Middle East war creating ‘largest supply disruption in the history of oil markets’
ByJillian Ambrose and Callum Jones March 12, 2026

Vast release of emergency crude reserves fails to quell mounting fears about supply crunch, rattling marketsMiddle East crisis – live updatesOil markets are now facing the “largest supply disruption in history” as the war in Iran continues to block tan…

Read More Middle East war creating ‘largest supply disruption in the history of oil markets’
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If oil price shocks weren’t bad enough, Trump’s war could have other unintended consequences | Adam Hanieh
ByAdam Hanieh March 12, 2026

China consumes around 90% of Iran’s oil exports, so could be forced to rely on alternative suppliers – particularly RussiaWith the US-Israeli war against Iran in its second week, energy markets are in turmoil. On Thursday, the price of Brent Crude Oil …

Read More If oil price shocks weren’t bad enough, Trump’s war could have other unintended consequences | Adam Hanieh
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Donald Trump | Energy industry | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Oil and gas companies | Palestinian territories | Petrol prices | US news | US-Israel war on Iran | World news

Iran war punctures Trump’s ‘drill, baby, drill’ promise on US gas prices, experts say
ByDharna Noor with graphics by Aliya Uteuova March 12, 2026

Fossil fuel supply is more vulnerable to global shocks than renewable power sources and efforts to boost efficienciesSign up for the Breaking News US email to get newsletter alerts in your inboxDonald Trump’s war on Iran has triggered shocks in fossil …

Read More Iran war punctures Trump’s ‘drill, baby, drill’ promise on US gas prices, experts say
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Commodities | Donald Trump | Economics | Energy industry | Gaza | Global economy | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Oil and gas companies | Opec | Palestinian territories | Petrol prices | Strait of Hormuz | US-Israel war on Iran

Will releasing millions of barrels of oil stockpiles really bring down fuel costs?
ByHeather Stewart March 11, 2026March 11, 2026

Despite rare act of multilateralism, there is no guarantee the IEA’s release of 400m barrels from reserves will depress pricesIEA orders largest ever release of stockpiled oil to reduce crude priceHow the Iran conflict could affect energy prices – vide…

Read More Will releasing millions of barrels of oil stockpiles really bring down fuel costs?
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Commodities | Donald Trump | Energy industry | G7 | Gas | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Palestinian territories | Petrol prices | Strait of Hormuz | US-Israel war on Iran | World news

IEA orders largest ever release of stockpiled oil to reduce crude price
ByJoanna Partridge March 11, 2026March 11, 2026

Members agree unanimously to release about 400m barrels amid market volatility caused by Iran warBusiness live – latest updatesMiddle East crisis live – latest updatesThe International Energy Agency has ordered the largest release of government oil res…

Read More IEA orders largest ever release of stockpiled oil to reduce crude price
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | 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 | Trump administration | US news | US politics | US-Israel war on Iran

Why Iran’s vital Kharg Island oil hub is still untouched by US-Israel bombers
ByDan Sabbagh Defence and security editor March 11, 2026

While some argue for destroying the terminal though which 90% of Iran’s oil exports flow, others caution of a global market ‘tailspin’Kharg Island – through which 90% of Iran’s oil exports flow – is arguably the country’s most sensitive economic target…

Read More Why Iran’s vital Kharg Island oil hub is still untouched by US-Israel bombers
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Three merchant ships struck as tensions rise in Hormuz strait amid Iran war
ByMark Saunokonoko and agencies March 11, 2026March 11, 2026

Crew of Thai-registered bulk carrier forced to flee fire, as US says it has destroyed 16 Iranian mine-laying vesselsMiddle East crisis live – latest updatesThree merchant ships have been struck in and around the strait of Hormuz, including a Thai regis…

Read More Three merchant ships struck as tensions rise in Hormuz strait amid Iran war
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It’s not just influencers who move to Dubai | Letters
ByGuardian staff March 10, 2026

Ordinary people and families have made their homes there, writes Mark Husbands. Plus a letter from Jessamy HadleyRegarding Gaby Hinsliff’s article (Influencers sold the world a fantasy Dubai – and now it’s gone in a puff of missile smoke, 6 March),&nbs…

Read More It’s not just influencers who move to Dubai | Letters