Gas – Page 2 – War Watch

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Beyond the strait: why attacks on Kargh Island could keep oil prices high
ByJillian Ambrose Energy correspondent March 15, 2026March 15, 2026

Oil could pass 2008 record of $147.50 a barrel as damage and field closures risk compounding supply shock caused by Iran warAbout 20 miles off the coast of Iran lies the source of the petrostate’s economic lifeblood and the latest target of US military…

Read More Beyond the strait: why attacks on Kargh Island could keep oil prices high
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IEA orders largest ever release of stockpiled oil to reduce crude price
ByJoanna Partridge March 11, 2026March 11, 2026

Members agree unanimously to release about 400m barrels amid market volatility caused by Iran warBusiness live – latest updatesMiddle East crisis live – latest updatesThe International Energy Agency has ordered the largest release of government oil res…

Read More IEA orders largest ever release of stockpiled oil to reduce crude price
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How high could oil go, and what might the global economic fallout be?
ByRichard Partington Senior economics correspondent March 9, 2026

There is talk of crude surpassing its record high of 2008 with potentially dire effects for consumers and businessesFears over the global economy have been stoked by the oil price soaring past $100 a barrel as a result on the US-Israel war with Iran.Ec…

Read More How high could oil go, and what might the global economic fallout be?
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Lengthy US-Iran war would affect ‘lives and households of everybody’, says Starmer
ByPeter Walker Senior political correspondent March 9, 2026March 9, 2026

Ministers understood to be considering ways to mitigate rising energy bills as oil prices surpass $100 a barrelMiddle East crisis – live updatesUK politics live – latest updatesKeir Starmer has said that a long-term US-Iran war would affect the “lives …

Read More Lengthy US-Iran war would affect ‘lives and households of everybody’, says Starmer
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Stock market falls resume as US-Israel war with Iran drives up oil and gas prices
ByTom Knowles March 5, 2026

FTSE 100 and France’s CAC down 1.5%; Germany’s DAX and Italy’s FTSE MIB down 1.6%; the Dow Jones was down 2%Middle East crisis – live updatesA market sell-off resumed on both sides of the Atlantic on Thursday as fears mounted that there would be no qui…

Read More Stock market falls resume as US-Israel war with Iran drives up oil and gas prices
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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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Will war in the Middle East trigger a global economic crisis? – The Latest
By March 4, 2026

Global oil and gas prices have spiked as the conflict in the Middle East halts energy exports from the region. The strait of Hormuz has been in effect closed since the war began, causing fears of a global economic crisis. About a fifth of the world’s o…

Read More Will war in the Middle East trigger a global economic crisis? – The Latest
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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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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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Australian energy bills could surge as Iran conflict drives up global gas prices
ByPatrick Commins Economics editor March 3, 2026

Experts warn of similarities with 2022, when electricity prices went up by more than 40% due to the Russian invasion of UkraineGet our breaking news email, free app or daily news podcastThe US-Israel strikes on Iran risk a repeat of the 2022 energy sho…

Read More Australian energy bills could surge as Iran conflict drives up global gas prices