Commodities – Page 2 – War Watch

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IEA to consider release of more oil reserves as Iran war keeps prices high
ByJillian Ambrose Energy correspondent March 16, 2026

Head of world’s energy watchdog says it will take time for markets to recover from ongoing crisis in strait of HormuzThe world’s energy watchdog will consider releasing further emergency crude stocks into the global market to cool rising oil prices aft…

Read More IEA to consider release of more oil reserves as Iran war keeps prices high
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Iran’s Hormuz blockade is its most powerful card against Trump and Israel. It won’t back down easily | Jack Watling
ByJack Watling March 16, 2026

By imposing massive costs on the global economy, the Iranian government hopes to cause the US to back downThe US and Israeli decision to attack Iran has sent economic shockwaves around the world. About 20% of global oil supplies have been effectively b…

Read More Iran’s Hormuz blockade is its most powerful card against Trump and Israel. It won’t back down easily | Jack Watling
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What is the strait of Hormuz and can the US stop Iran from blocking it?
ByPeter Beaumont March 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?
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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?
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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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Fuel tankers burst into flames in Iraqi waters after suspected Iranian boat attacks – video
ByGuardian staff March 12, 2026

Iranian boats appear to have attacked two fuel tankers, which were seen ablaze after projectiles struck three vessels in Iraqi waters, port officials said. The ships targeted in late-night armed boat attacks in the Gulf near Iraq were the Marshall Isla…

Read More Fuel tankers burst into flames in Iraqi waters after suspected Iranian boat attacks – video
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Iran escalates attacks on infrastructure and transport networks across the Gulf
ByJason Burke, Jerusalem March 11, 2026March 11, 2026

Iranian officials warn of ‘war of attrition’ and global economic chaos as energy supplies are throttledMiddle East crisis – live updatesIran dramatically escalated its strategy of striking civilian infrastructure and transport networks across the Gulf …

Read More Iran escalates attacks on infrastructure and transport networks across the Gulf
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Countries must seek energy independence through renewables and nuclear, says John Kerry
ByFiona Harvey Environment editor March 11, 2026

Former US secretary of state says oil shock driven by war in Iran highlights dangers of reliance on fossil fuelsMiddle East crisis live – latest updatesCountries must seek energy independence through renewable resources and nuclear energy for their nat…

Read More Countries must seek energy independence through renewables and nuclear, says John Kerry
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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?