Business – Page 8 – War Watch

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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
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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
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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
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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
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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
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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