Oil – 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?
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Donald Trump | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Palestinian territories | Petrol prices | Strait of Hormuz | US foreign policy | US news | US-Israel war on Iran | World news

Iran supreme leader issues defiant statement on strait of Hormuz
ByPatrick Wintour Diplomatic editor April 30, 2026

Mojtaba Khamenei says Tehran will eliminate ‘enemy’s abuses of the waterway’ and guard its nuclear and missile programmesUS politics live – latest updatesIran’s supreme leader has broken his recent silence with a defiant statement hailing Iran’s contro…

Read More Iran supreme leader issues defiant statement on strait of Hormuz
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 | Strait of Hormuz | Trump administration | US news | US politics | US-Israel war on Iran | World news

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’
Ayatollah Ali Khamenei | Benjamin Netanyahu | Donald Trump | Fossil fuel divestment | Fossil fuels | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Opec | Palestinian territories | Petrol prices | Renewable energy | Saudi Arabia | Strait of Hormuz | Trump administration | United Arab Emirates

The Guardian view on the UAE quitting Opec: whatever importers pay, the price of fossil fuels is too high | Editorial
ByEditorial April 29, 2026

The world must accelerate the shift to renewables, regardless of the economic effects of Abu Dhabi’s decisionOpec appears to be the latest casualty of the Iran war. On Tuesday, the United Arab Emirates announced that it was leaving the oil cartel after…

Read More The Guardian view on the UAE quitting Opec: whatever importers pay, the price of fossil fuels is too high | Editorial
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Donald Trump | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Opec | Palestinian territories | Petrol prices | Saudi Arabia | Trump administration | United Arab Emirates | World news

How the UAE’s decision to leave Opec could recast the Middle East
ByPatrick Wintour Diplomatic editor April 28, 2026

Defection is damaging to Saudi Arabia’s prestige – and could strengthen the US hand in the regionThe United Arab Emirates’ decision to walk out of Opec is a political as much as business decision, and will reignite the simmering rows between the UAE an…

Read More How the UAE’s decision to leave Opec could recast the Middle East
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Donald Trump | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Opec | Palestinian territories | Petrol prices | Saudi Arabia | Strait of Hormuz | UK news | United Arab Emirates | US news | US-Israel war on Iran | World news

UAE quits Opec in win for Trump as oil cartel weakened
ByReuters April 28, 2026April 28, 2026

US president has accused organisation of ‘ripping off the rest of the world’ by inflating oil pricesThe United Arab Emirates has quit the Opec oil cartel after 60 years of membership, in a heavy blow to the group and its de facto leader, Saudi Arabia, …

Read More UAE quits Opec in win for Trump as oil cartel weakened
Ayatollah Ali Khamenei | Benjamin Netanyahu | Donald Trump | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Palestinian territories | Petrol prices | Strait of Hormuz | US military | US news | US-Israel war on Iran | World news

Extended naval blockade is admission US military escalation poses even greater risk
ByDan Sabbagh Defence and security editor April 23, 2026April 23, 2026

Battle of the blockades may still have more time to run as the US and Iran try to assert control over the strait of HormuzDonald Trump’s decision to extend the naval blockade of Iran indefinitely may do nothing to reduce world oil prices – but it could…

Read More Extended naval blockade is admission US military escalation poses even greater risk
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Commodities | Donald Trump | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Palestinian territories | Petrol prices | Strait of Hormuz | World news

‘Tehran tollbooth’: what is Iran demanding and what would it mean for oil prices?
ByJillian Ambrose and Tom Knowles April 23, 2026

Iran’s plan to extract a $2m payment from tankers using the strait of Hormuz could raise costs for years to comeA second round of peace talks between the US and Iran has begun amid renewed attacks on oil tankers in the strait of Hormuz and a US blockad…

Read More ‘Tehran tollbooth’: what is Iran demanding and what would it mean for oil prices?
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | 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 | US foreign policy | US-Israel war on Iran

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

Iran war energy crisis: how bad could it get? – The Latest
By April 20, 2026

Oil and gas prices have jumped again as shipping through the strait of Hormuz came to a virtual standstill after Iran closed the waterway over the US blockade and Donald Trump announced an Iranian cargo ship had been seized trying to get past. Tehran h…

Read More Iran war energy crisis: how bad could it get? – The Latest