Commodities – Page 8 – War Watch

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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 continues to hit back at US-Israeli strikes as Trump says it is too late to talk
ByWilliam Christou in Beirut March 3, 2026March 3, 2026

Iranian drones hit US embassy in Riyadh as Israel bombs Tehran and sends troops into southern LebanonUS-Israel war on Iran – live updatesIran continued its bombardment the Gulf and Israel on Tuesday in retaliation for further Israeli-US airstrikes, as …

Read More Iran continues to hit back at US-Israeli strikes as Trump says it is too late to talk
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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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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
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Gas prices soar and oil jumps as Iran war pushes down global stock markets
ByCallum Jones in Sydney and agencies March 2, 2026March 2, 2026

QatarEnergy says it has halted production of liquefied natural gas after attacks on Ras Laffan and Mesaieed sitesNils Pratley: A gas shock – not an oil shock – looks more threateningUS-Israel war on Iran – live updatesGas prices surged on Monday and oi…

Read More Gas prices soar and oil jumps as Iran war pushes down global stock markets
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Oil Prices Surge After Iran Attack
ByRebecca F. Elliott March 1, 2026March 2, 2026

How long prices remain high will depend on what the United States, Israel and Iran do next.

Read More Oil Prices Surge After Iran Attack
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What the US–Israeli strikes on Iran mean for the price of oil
ByJillian Ambrose March 1, 2026March 1, 2026

Effective closure of the strait of Hormuz could spell trouble for many developed economiesUS-Israel war on Iran – latest updatesThe US-Israeli war on Iran has ignited fears that escalating military aggression in the Middle East could send oil prices so…

Read More What the US–Israeli strikes on Iran mean for the price of oil
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Tony Blair’s oil lobbying is a misleading rehash of fossil fuel industry spin
ByFiona Harvey Environment editor February 13, 2026

Ex-PM’s thinktank urges more drilling and fewer renewables, ignoring evidence that clean energy is cheaper and better for billsA thinktank with close ties to Saudi Arabia and substantial funding from a Donald Trump ally needs to present a particularly …

Read More Tony Blair’s oil lobbying is a misleading rehash of fossil fuel industry spin
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State-sanctioned fuel smuggling cost Libya $20bn over three years – report
ByPatrick Wintour Diplomatic editor November 12, 2025

Policy body calls for western-backed investigation into oil officials known to be at heart of illegal enterpriseA surge in state-sanctioned fuel smuggling between 2022 and 2024 cost the Libyan people about $20bn (£15bn) in lost revenue – an alarming su…

Read More State-sanctioned fuel smuggling cost Libya $20bn over three years – report