Global economy – War Watch

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Could the UAE’s shock exit from Opec cause an oil price war?
ByJillian Ambrose April 30, 2026

A standoff between Gulf oil giants Saudi Arabia and the UAE could cause greater market volatility for years to comeThe conflict in the Middle East has claimed Opec as the latest casualty of war. The United Arab Emirates’ shock exit from the oil cartel …

Read More Could the UAE’s shock exit from Opec cause an oil price war?
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Oil price tops $126 a barrel after Trump warns Iran blockade could last ‘months’
ByMark Saunokonoko April 30, 2026April 30, 2026

Markets spooked as US president appears willing to keep up naval blockade and Iran keeps strait of Hormuz all but shutBusiness live – latest updatesThe global oil price has soared above $126 a barrel, its highest level since 2022, after Donald Trump sa…

Read More Oil price tops $126 a barrel after Trump warns Iran blockade could last ‘months’
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Number of billionaires globally could reach 4,000 in next five years
ByLauren Almeida April 23, 2026

There are now 3,110 billionaires but analysis shows ‘deep structural acceleration’ in wealth creation around worldThe number of billionaires in the world could reach nearly 4,000 by 2031, figures suggest, as the super-rich accumulate wealth at an accel…

Read More Number of billionaires globally could reach 4,000 in next five years
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The Guardian view on the true cost of the Iran war: bombs kill – but so does the economic fallout | Editorial
ByEditorial April 21, 2026

There is growing international concern as the fragile two-week ceasefire reaches its Wednesday deadline. Whatever happens next, the poor will payMore than 3,300 Iranians, including 383 children, have been killed since the US and Israel launched their i…

Read More The Guardian view on the true cost of the Iran war: bombs kill – but so does the economic fallout | Editorial
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‘Mental breakdown’: oil tanker workers stuck in Gulf for six weeks are reaching their limit
ByJillian Ambrose and Joanna Partridge April 9, 2026

Seafarer tells of ‘impossible’ situation, with strait still so unsafe that crew would not cross even if told to sailMaritime and port workers: how is the Middle East conflict affecting you?‘You can try to minimise the impact that this situation has on …

Read More ‘Mental breakdown’: oil tanker workers stuck in Gulf for six weeks are reaching their limit
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Relief in financial markets after Iran ceasefire – but it is far from absolute | Richard Partington
ByRichard Partington Senior economics correspondent April 8, 2026April 8, 2026

Situation still volatile as Tehran and Washington issue conflicting messages about opening of Hormuz channelA plunge in the oil price, stock market rally and renewed hopes for the global economic outlook. After the announcement of a two-week ceasefire …

Read More Relief in financial markets after Iran ceasefire – but it is far from absolute | Richard Partington
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | 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 | Palestinian territories | Petrol prices | Shipping industry | Strait of Hormuz | US-Israel war on Iran | World news

Will shipping in the strait of Hormuz – and oil prices – return to normal?
ByJoanna Partridge and Jillian Ambrose April 8, 2026April 8, 2026

Analysts say doubts over stability of the ceasefire and damage to production sites mean the energy crisis is far from overMiddle East crisis – live updatesIf the US-Israeli ceasefire with Iran holds, it could offer the clearest hope of an end to the en…

Read More Will shipping in the strait of Hormuz – and oil prices – return to normal?
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Oil price falls and markets rally after Trump says Iran war over in ‘two to three weeks’
ByLauren Almeida April 1, 2026April 1, 2026

US president’s claim that conflict is nearing end prompts 15% drop in Brent crude and stock market climb in AsiaBusiness live – latest updatesOil prices tumbled and stock markets have rallied across the world after Donald Trump said the war in Iran wou…

Read More Oil price falls and markets rally after Trump says Iran war over in ‘two to three weeks’
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Who are the Houthis – explained in 30 seconds
ByJonathan Yerushalmy March 30, 2026

Yemeni militant group is ally of Iran and has previously caused huge disruption to global trade through attacks on Red Sea shippingMiddle East crisis – live updates The Houthis are a militant group that emerged from a years-long civil war in Yemen as t…

Read More Who are the Houthis – explained in 30 seconds
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Trump’s war in Iran exposes US’s shift from a global guardian to an arbiter of chaos
ByEduardo Porter March 25, 2026

The US is recklessly spreading economic havoc among global friends and foes while suffering little harm itselfTo shield ordinary Indians from the war in Iran, the government in Delhi redirected supplies of liquefied gas to Indian families, for which it…

Read More Trump’s war in Iran exposes US’s shift from a global guardian to an arbiter of chaos