Oil – Page 3 – War Watch

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

‘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