Business – Page 9 – War Watch

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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, 2026April 8, 2026

With shipping routes disrupted and tensions rising across the region we want to hear from maritime workers, sailors and port workers and others working at sea who are affectedThe conflict in the Middle East continues to disrupt shipping across the regi…

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
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Airlines in Middle East rule out services resuming before Thursday
ByStaff and agencies March 3, 2026March 3, 2026

Some repatriation flights depart as governments around the world work to extract their citizens from the conflict-hit region US-Israel war on Iran – live updatesThe biggest Middle East carriers have ruled out resuming scheduled flights until at least T…

Read More Airlines in Middle East rule out services resuming before Thursday
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How escalating Iran conflict is driving up oil and gas prices – a visual guide
ByRob Davies, with graphics by Lucy Swan, Harvey Symons, Heidi Wilson and Seán Clarke March 2, 2026

A near-halt to shipping in strait of Hormuz and attacks on Middle East refineries are threatening supplies and stoking inflationNils Pratley: A gas shock – not an oil shock – looks more threateningUS-Israel war on Iran – live updatesIran has responded …

Read More How escalating Iran conflict is driving up oil and gas prices – a visual guide
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What to do if your flight is cancelled due to the US-Israel war on Iran
ByAnna Tims March 2, 2026March 2, 2026

Whether you are stranded or about to travel, here is a guide to your rights, from flight and holiday refunds to UK261 compensationUS-Israel war on Iran – live updatesHundreds of thousands of passengers have been left stranded after the US-Israeli attac…

Read More What to do if your flight is cancelled due to the US-Israel war on Iran
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Middle East crisis pushes up oil prices – and could drive inflation rises too
ByHeather Stewart Economics editor March 2, 2026

Effects of extended conflict between US and Iran could also lead to higher interest rates and hit economic growthBusiness live – latest updatesUS-Israel war on Iran – live updatesThe impact of the deadly and unpredictable conflict in the Middle East on…

Read More Middle East crisis pushes up oil prices – and could drive inflation rises too