Oil – Page 2 – War Watch

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US starts naval blockade of Iranian ports after deadline passes
ByJulian Borger, senior international correspondent April 13, 2026April 14, 2026

Iran warns Americans they face higher pump prices due to prohibition imposed on Monday eveningMiddle East crisis – live updatesThe US blockade of ships using Iranian ports in the Gulf has come into effect, turning the six-week-old conflict between the …

Read More US starts naval blockade of Iranian ports after deadline passes
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Why is the US threatening to block Iranian ports and how would it work?
ByJonathan Yerushalmy April 13, 2026April 13, 2026

Announcement has left markets in yet more uncertainty, with questions over how blockade will be enforcedMiddle East crisis – live updatesThe US military has announced it will enforce a blockade on all Iranian ports in the strait of Hormuz from Monday a…

Read More Why is the US threatening to block Iranian ports and how would it work?
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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
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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 prices plunge and stocks jump after Trump announces conditional ceasefire with Iran
ByMark Saunokonoko April 8, 2026April 8, 2026

Oil heads for biggest daily fall since pandemic as Iran says it will reopen strait of Hormuz under its managementMiddle East crisis – live updatesUS and Iran agree to provisional ceasefire as Tehran says it will reopen strait of HormuzOil prices tumble…

Read More Oil prices plunge and stocks jump after Trump announces conditional ceasefire with Iran
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Iran strikes Kuwait’s oil infrastructure before Opec+ supply talks
ByKalyeena Makortoff and agencies April 5, 2026April 5, 2026

Members reportedly agree a rise of 206,000 barrels a day in May, but move symbolic while strait of Hormuz is effectively closedMiddle East crisis – live updatesIranian drones have struck Kuwait’s oil infrastructure, causing “severe material damage” tha…

Read More Iran strikes Kuwait’s oil infrastructure before Opec+ supply talks
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Oil, strait of Hormuz and empty threats: a timeline of Trump’s flip-flopping on the Iran war
ByJoseph Gedeon in Washington April 4, 2026

In the fifth week of the war, Trump continues contradicting himself on its objectives and how Americans are affectedWhen Donald Trump launched Operation Epic Fury alongside Israel on 28 February, his administration had settled on a set of stated, and b…

Read More Oil, strait of Hormuz and empty threats: a timeline of Trump’s flip-flopping on the Iran war
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How could strait of Hormuz closure affect UK food and medicine supplies?
ByHelena Horton and Rachel Hall April 2, 2026

Effects of Iran’s blockade will depend on how long crisis lasts as disruption ripples through supply chainsMiddle East crisis – live updatesThe closure of the strait of Hormuz, the crucial oil and gas shipping route that has been blocked by Iran since …

Read More How could strait of Hormuz closure affect UK food and medicine supplies?
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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’