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    ‘Doomsday scenario’: a visual guide to the oil and gas site attacks in the Middle East

    By March 19, 2026

    Attacks on facilities by both sides in the conflict this week threaten grave consequences for the global economyMiddle East crisis – live updatesThe escalating attacks on key oil and gas projects in the Middle East are expected to fuel a new phase of t…

    Read More ‘Doomsday scenario’: a visual guide to the oil and gas site attacks in the Middle EastContinue

  • Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Commodities | Donald Trump | Gaza | Global economy | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Palestinian territories | Petrol prices | UK news | US news | US-Israel war on Iran | World news

    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 highContinue

  • Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Donald Trump | Energy industry | Gas | Gaza | Global economy | International trade | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Palestinian territories | Petrol prices | Qatar | Saudi Arabia | Shipping industry | Strait of Hormuz | UK news | United Arab Emirates | US news | US-Israel war on Iran | World news

    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 highContinue

  • Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Commodities | Donald Trump | Economics | Energy industry | Gaza | Global economy | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Oil and gas companies | Opec | Palestinian territories | Petrol prices | Strait of Hormuz | US-Israel war on Iran

    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?Continue

  • Aramco | Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Commodities | Donald Trump | Economics | Energy industry | Gaza | Global economy | International trade | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Oil and gas companies | Palestinian territories | Petrol prices | Saudi Arabia | Stock markets | Supply chain crisis | US-Israel war on Iran | World news

    Aramco warns of oil market ‘catastrophe’ unless strait of Hormuz reopens soon

    ByJillian Ambrose March 10, 2026March 10, 2026

    Saudi Arabian state oil firm calls crisis by far the biggest the region has seen but firm can reroute 70% of exports and tap crude held in storageHow the Iran conflict could affect energy prices – video explainerSaudi Arabia’s state oil company has war…

    Read More Aramco warns of oil market ‘catastrophe’ unless strait of Hormuz reopens soonContinue

  • Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Commodities | Donald Trump | Economics | Gas | Gaza | Global economy | Inflation | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Palestinian territories | Petrol prices | US-Israel war on Iran | World news

    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?Continue

  • Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Commodities | Donald Trump | Economics | Gaza | Global economy | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Palestinian territories | Petrol prices | Shipping industry | US-Israel war on Iran

    ‘We’re powerless … and hoping nothing hits us’: trapped on a tanker as Iran war escalates

    ByJillian Ambrose and Joanna Partridge March 6, 2026March 6, 2026

    Seafarer tells of explosions in the sky as thousands stuck on vessels after strait of Hormuz is effectively closed to shipping• Maritime and port workers: how is the Middle East conflict affecting you?Thousands of seafarers are trapped on tankers in th…

    Read More ‘We’re powerless … and hoping nothing hits us’: trapped on a tanker as Iran war escalatesContinue

  • Ayatollah Ali Khamenei | Benjamin Netanyahu | Donald Trump | Dow Jones | Economics | FTSE | Gas | Gaza | Global economy | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nasdaq | Nuclear weapons | Oil | Palestinian territories | Petrol prices | Stock markets | US-Israel war on Iran

    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 pricesContinue

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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 AsiaContinue

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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 tooContinue

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