Gas Prices May Remain High Despite US-Iran Deal
The preliminary agreement may not have an immediate effect on prices at the pump. Damaged infrastructure and risky transport could keep costs up.
The preliminary agreement may not have an immediate effect on prices at the pump. Damaged infrastructure and risky transport could keep costs up.
The amount of oil and fuel stored by businesses and governments has fallen sharply since the start of the U.S.-Israeli war against Iran.
Proposed framework hinges on a 60-day truce, reopening strait of Hormuz, and revived talks on limiting Iran nuclear programme• Middle East crisis: live updatesDonald Trump has said a “memorandum of understanding” in talks to end the US-Israel war on Ir…
Global prices are approaching a tipping point that could trigger inflation, shortages and, over time, recessionIf a US-Iran deal is about to be reached, three months on from the launch of Donald Trump’s Operation Epic Fury, it will not be a day too soo…
An analysis of oil export data offers clues about which nations have benefited from higher prices, and which have lost a lot of revenue.
State oil company fast-tracks previously undisclosed project, which is expected to double export capacityBusiness live – latest updatesThe United Arab Emirates has announced it will complete a new oil pipeline bypassing the strait of Hormuz by next yea…
Impact of disruption from Iran war may be felt into 2027 even if strait of Hormuz reopens, says aviation body bossIncreases in air fares for travellers in Europe are “inevitable” over the peak summer period because of the high cost of jet fuel, accordi…
The economic warnings are bleak, but full extent of shortages are still not felt for many European countriesThe biggest energy shock in modern history, jet fuel shortages “within weeks”, a global recession – since Iran throttled shipping flows through …
US president says war will end if Tehran agrees to deal, but that ‘bombing starts’ again if it does notOil prices fell and stock markets rose as Donald Trump said the war with Iran would end and the strait of Hormuz would be “open to all” if Tehran str…
Iran’s Islamic Revolutionary Guard Corps navy has announced the strait of Hormuz could reopen following the end of ‘threats from aggressors’Job vacancies in the UK bounced back in March but remained near a five-year low, and openings for graduates slum…