Oil (Petroleum) and Gasoline – Page 6 – War Watch

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Countries Scramble to Shore Up Global Oil Supplies as Ships Are Attacked
ByRebecca F. Elliott, Abdi Latif Dahir, Eric Schmitt and Michael Levenson March 11, 2026March 12, 2026

The United States and Israel launched more strikes against Iran, where crowds mourned military commanders killed in the war. Israel also bombed targets in Lebanon, where the death toll climbed.

Read More Countries Scramble to Shore Up Global Oil Supplies as Ships Are Attacked
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World Leaders Will Release 400 Million Barrels of Oil to Stabilize Prices
ByRebecca F. Elliott, Hisako Ueno and Jim Tankersley March 11, 2026March 11, 2026

The members of the International Energy Agency will release 400 million barrels of oil, the largest such coordinated action on record.

Read More World Leaders Will Release 400 Million Barrels of Oil to Stabilize Prices
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Tehran’s Smothering Smoke Has Roots in ‘Mazut,’ an Unusually Dirty Fuel
ByHiroko Tabuchi March 11, 2026March 11, 2026

The low-grade oil has been used to fuel power plants amid Iran’s international isolation. Tanks of mazut may now be burning near the city.

Read More Tehran’s Smothering Smoke Has Roots in ‘Mazut,’ an Unusually Dirty Fuel
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How Trump and His Advisers Miscalculated Iran’s Response to War
ByMark Mazzetti, Tyler Pager and Edward Wong March 11, 2026March 11, 2026

In the lead-up to the U.S.-Israeli attack, President Trump downplayed the risks to the energy markets as a short-term concern that should not overshadow the mission to decapitate the Iranian regime.

Read More How Trump and His Advisers Miscalculated Iran’s Response to War
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U.S. Showers Iran With Bombs in Most Intense Strikes of the War, Pentagon Says
ByEric Schmitt and Thomas Fuller March 10, 2026March 11, 2026

Iranians cowered under the barrage as Pete Hegseth, the U.S. defense secretary, said the U.S. aimed to wipe out Iran’s capacity to obtain nuclear weapons “forever.”

Read More U.S. Showers Iran With Bombs in Most Intense Strikes of the War, Pentagon Says
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How Long Will the Iran War Last? Trump Offers Conflicting Answers.
ByAishvarya Kavi March 10, 2026

Now 11 days into an expanding military campaign, President Trump and his officials have given conflicting indications on how long the United States intends the war to last.

Read More How Long Will the Iran War Last? Trump Offers Conflicting Answers.
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Higher Oil Prices Could Put the Fed in a Bind as Labor Market Softens
ByColby Smith March 10, 2026March 10, 2026

Investors now expect that the Fed will delay a rate cut until September instead of July, as they had before the war in Iran began.

Read More Higher Oil Prices Could Put the Fed in a Bind as Labor Market Softens
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U.S. Eases Limits on Russian Energy as Oil Prices Soar
ByPaul Sonne March 10, 2026March 10, 2026

The volatility in energy markets because of the war in Iran could not come at a better time for President Vladimir V. Putin.

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What to Know About the Rising Price of Oil and Its Effects on Airline Ticket Prices
ByElaine Glusac March 10, 2026March 10, 2026

The Gulf conflict has led to higher fuel prices, and the cost of operating a plane has sharply increased. For travelers, that likely means higher fares.

Read More What to Know About the Rising Price of Oil and Its Effects on Airline Ticket Prices
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Rising Fuel Costs Pressure Airlines and Truckers
ByNiraj Chokshi, Emmett Lindner and Peter Eavis March 10, 2026March 10, 2026

The price of jet fuel and diesel has surged since the war in Iran began, which could force airlines and trucking companies to pass on higher costs to their customers.

Read More Rising Fuel Costs Pressure Airlines and Truckers