Business – Page 8 – War Watch

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Oil prices ‘could breach $100 a barrel within days’ amid supply disruption from Iran war
ByJillian Ambrose Energy correspondent March 8, 2026

Warning from Goldman Sachs comes as crude shipping through strait of Hormuz falls further than bank thoughtGlobal oil prices could breach the $100 (£74) a barrel mark within days, and reach $150 a barrel by the end of the month, without a solution to …

Read More Oil prices ‘could breach $100 a barrel within days’ amid supply disruption from Iran war
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Airline groundings expose depth of world travel’s reliance on Gulf corridor
ByGwyn Topham Transport correspondent March 7, 2026

Restart of operations will be a relief to those stranded but may not dispel doubts raised by past week about key transit hubAfter nearly a week of uncertainty, airspace closures and very limited flights, news that hundreds of thousands of passengers ar…

Read More Airline groundings expose depth of world travel’s reliance on Gulf corridor
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Iran war pushes oil price above $90 threatening rise in global inflation
ByGraeme Wearden and Jillian Ambrose March 6, 2026

Reports Kuwait was cutting output pushed up cost of barrel of Brent crude to highest weekly gain since Covid pandemic beganThe Iran conflict has driven the oil price past $90 a barrel to its highest weekly gains since the Covid-19 pandemic six years ag…

Read More Iran war pushes oil price above $90 threatening rise in global inflation
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‘We’re powerless … and hoping nothing hits us’: trapped on a tanker as Iran war escalates
ByJillian Ambrose and Joanna Partridge March 6, 2026March 6, 2026

Seafarer tells of explosions in the sky as thousands stuck on vessels after strait of Hormuz is effectively closed to shipping• Maritime and port workers: how is the Middle East conflict affecting you?Thousands of seafarers are trapped on tankers in th…

Read More ‘We’re powerless … and hoping nothing hits us’: trapped on a tanker as Iran war escalates
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US grants waiver to allow India to buy Russian oil amid Iran war
ByReuters March 6, 2026March 6, 2026

‘Stopgap measure’ designed to keep oil flowing into global market as Middle East crisis disrupts crude shipmentsBusiness live – latest updatesThe US has temporarily allowed India to buy Russian oil currently stuck at sea in an effort to keep global sup…

Read More US grants waiver to allow India to buy Russian oil amid Iran war
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HSBC, Nationwide and Coventry raise rates on fixed mortgages amid Middle East crisis
ByRupert Jones March 5, 2026March 5, 2026

Experts say Iran war could cause energy price shock that pushes up UK inflation, in turn forcing up interest ratesHSBC, Nationwide and Coventry building societies are the first big UK lenders to announce an increase in rates on their fixed mortgage dea…

Read More HSBC, Nationwide and Coventry raise rates on fixed mortgages amid Middle East crisis
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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