Oil – Page 2 – War Watch

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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 high
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Iran’s Hormuz blockade is its most powerful card against Trump and Israel. It won’t back down easily | Jack Watling
ByJack Watling March 16, 2026

By imposing massive costs on the global economy, the Iranian government hopes to cause the US to back downThe US and Israeli decision to attack Iran has sent economic shockwaves around the world. About 20% of global oil supplies have been effectively b…

Read More Iran’s Hormuz blockade is its most powerful card against Trump and Israel. It won’t back down easily | Jack Watling
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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 high
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 | United Arab Emirates | US foreign policy | US news | US-Israel war on Iran | World news

‘Worst nightmare’: anger and frustration as Gulf states bear brunt of war they did not start
ByHannah Ellis-Petersen in Ras Al Khaimah March 14, 2026

Closure of strait of Hormuz puts pressure on region’s economies amid growing resentment about conflict started by US and IsraelMiddle East crisis – live updatesAn eerie quiet hangs over Ras Al Khaimah’s industrial port. Usually a thriving maritime hub …

Read More ‘Worst nightmare’: anger and frustration as Gulf states bear brunt of war they did not start
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 | US foreign policy | US news | US-Israel war on Iran | World news

Iran threatens to escalate war after Trump says ‘many countries’ will send warships to strait of Hormuz
ByGuardian staff and agencies March 14, 2026March 14, 2026

US president calls on China, France, Japan and the UK to send vessels after US strikes Kharg Island oil facilitiesMiddle East crisis – live updatesIran threatened on Saturday to further escalate the war raging in the Middle East by targeting any facili…

Read More Iran threatens to escalate war after Trump says ‘many countries’ will send warships to strait of Hormuz
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Jimmy Kimmel on Trump being gifted an Olympic medal: ‘Yet another award he didn’t win’
ByGuardian staff March 13, 2026

Late-night hosts addressed Melania Trump’s women’s history month speech, Maga’s Iran messaging and the ongoing oil crisisOn Thursday night, late-night hosts discussed an odd White House women’s history month event, the fallout of the war on Iran and wh…

Read More Jimmy Kimmel on Trump being gifted an Olympic medal: ‘Yet another award he didn’t win’
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-Israel war on Iran | World news

The Guardian view on the cost of Trump’s war on Iran: the world’s poor will pay most dearly | Editorial
ByEditorial March 12, 2026

The economic fallout of the US-Israeli assault and Tehran’s retaliation is spreading fast, and pushing the most vulnerable towards disasterSoaring prices at the pump, the scrapping of mortgage deals, and the prospect of higher prices for everything fro…

Read More The Guardian view on the cost of Trump’s war on Iran: the world’s poor will pay most dearly | Editorial
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Middle East war creating ‘largest supply disruption in the history of oil markets’
ByJillian Ambrose and Callum Jones March 12, 2026

Vast release of emergency crude reserves fails to quell mounting fears about supply crunch, rattling marketsMiddle East crisis – live updatesOil markets are now facing the “largest supply disruption in history” as the war in Iran continues to block tan…

Read More Middle East war creating ‘largest supply disruption in the history of oil markets’
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If oil price shocks weren’t bad enough, Trump’s war could have other unintended consequences | Adam Hanieh
ByAdam Hanieh March 12, 2026

China consumes around 90% of Iran’s oil exports, so could be forced to rely on alternative suppliers – particularly RussiaWith the US-Israeli war against Iran in its second week, energy markets are in turmoil. On Thursday, the price of Brent Crude Oil …

Read More If oil price shocks weren’t bad enough, Trump’s war could have other unintended consequences | Adam Hanieh
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Iran war punctures Trump’s ‘drill, baby, drill’ promise on US gas prices, experts say
ByDharna Noor with graphics by Aliya Uteuova March 12, 2026

Fossil fuel supply is more vulnerable to global shocks than renewable power sources and efforts to boost efficienciesSign up for the Breaking News US email to get newsletter alerts in your inboxDonald Trump’s war on Iran has triggered shocks in fossil …

Read More Iran war punctures Trump’s ‘drill, baby, drill’ promise on US gas prices, experts say