Oil – Page 12 – War Watch

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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 too
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Gas prices soar and oil jumps as Iran war pushes down global stock markets
ByCallum Jones in Sydney and agencies March 2, 2026March 2, 2026

QatarEnergy says it has halted production of liquefied natural gas after attacks on Ras Laffan and Mesaieed sitesNils Pratley: A gas shock – not an oil shock – looks more threateningUS-Israel war on Iran – live updatesGas prices surged on Monday and oi…

Read More Gas prices soar and oil jumps as Iran war pushes down global stock markets
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The Guardian view on Trump’s Iranian campaign: an illegal war that risks becoming the new normal | Editorial
ByEditorial March 1, 2026

The US-Israeli military action will test the fragile rules governing the use of forceThe killing of Iran’s supreme leader, Ayatollah Ali Khamenei, by a US-Israeli strike is a targeted assassination of a head of state. It also marks a grave escalation i…

Read More The Guardian view on Trump’s Iranian campaign: an illegal war that risks becoming the new normal | Editorial
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What the US–Israeli strikes on Iran mean for the price of oil
ByJillian Ambrose March 1, 2026March 1, 2026

Effective closure of the strait of Hormuz could spell trouble for many developed economiesUS-Israel war on Iran – latest updatesThe US-Israeli war on Iran has ignited fears that escalating military aggression in the Middle East could send oil prices so…

Read More What the US–Israeli strikes on Iran mean for the price of oil
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Tony Blair’s oil lobbying is a misleading rehash of fossil fuel industry spin
ByFiona Harvey Environment editor February 13, 2026

Ex-PM’s thinktank urges more drilling and fewer renewables, ignoring evidence that clean energy is cheaper and better for billsA thinktank with close ties to Saudi Arabia and substantial funding from a Donald Trump ally needs to present a particularly …

Read More Tony Blair’s oil lobbying is a misleading rehash of fossil fuel industry spin
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‘Ticking time bomb’: Iran’s shadow fleet of old tankers ‘risking catastrophic oil spill’
ByDamian Carrington Environment editor February 10, 2026

Exclusive: only matter of time until decrepit ships cause spill bigger than Exxon Valdez disaster, analysts sayDecrepit oil tankers in Iran’s sanctions-busting shadow fleet are a “ticking time bomb”, with a catastrophic environmental disaster only a “m…

Read More ‘Ticking time bomb’: Iran’s shadow fleet of old tankers ‘risking catastrophic oil spill’
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$170,000 a minute: why Saudi Arabia is the biggest blocker of climate action
ByDamian Carrington Environment editor November 15, 2025

Desert kingdom depends on oil dollars but its people already face a climate ‘at the verge of livability’. What’s going on? Continue reading…

Read More $170,000 a minute: why Saudi Arabia is the biggest blocker of climate action
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State-sanctioned fuel smuggling cost Libya $20bn over three years – report
ByPatrick Wintour Diplomatic editor November 12, 2025

Policy body calls for western-backed investigation into oil officials known to be at heart of illegal enterpriseA surge in state-sanctioned fuel smuggling between 2022 and 2024 cost the Libyan people about $20bn (£15bn) in lost revenue – an alarming su…

Read More State-sanctioned fuel smuggling cost Libya $20bn over three years – report
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State-sanctioned fuel smuggling cost Libya $20bn over three years – report
ByPatrick Wintour Diplomatic editor November 12, 2025November 13, 2025

Policy body calls for western-backed investigation into oil officials known to be at heart of illegal enterpriseA surge in state-sanctioned fuel smuggling between 2022 and 2024 cost the Libyan people about $20bn (£15bn) in lost revenue – an alarming su…

Read More State-sanctioned fuel smuggling cost Libya $20bn over three years – report
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Iraq’s marshes were considered an Eden. Now the oil industry is sucking them dry
ByAzhar Al-Rubaie, Sara Manisera and Daniela Sala in Hawizeh Marshes August 13, 2025

Hawizeh’s wetlands once had abundant fishing and wildlife. In a land threatened by drought and desertification, oil drilling is draining the last of the waterAt dawn, a veil of mist clings to the canals of Hawizeh, where sky and water seem to blur into…

Read More Iraq’s marshes were considered an Eden. Now the oil industry is sucking them dry