Oil – Page 3 – War Watch

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Wednesday briefing: How did Russia become the unexpected beneficiary of the Iran war?
ByPatrick Greenfield April 1, 2026

In today’s newsletter: As conflict engulfs Iran, shifting global alliances and soaring energy prices are reshaping the existing power balances that could redefine the next stage of international security Good morning. So far, there is only one clear…

Read More Wednesday briefing: How did Russia become the unexpected beneficiary of the Iran war?
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‘There’s no safe place here’: Kuwaiti tanker hit by Iranian drone attack in Dubai port
ByGuardian staff and agencies March 31, 2026March 31, 2026

Dozens of other vessels leave area after drone strike causes fire onboard tanker owned by Kuwait’s state oil companyMiddle East crisis – live updatesHow could US forcibly reopen strait of Hormuz and what are the risks?When Iran attacked a fully loaded …

Read More ‘There’s no safe place here’: Kuwaiti tanker hit by Iranian drone attack in Dubai port
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IMF warns Middle East conflict will lead to higher prices and slower global growth
ByPhillip Inman March 30, 2026

Washington-based fund says rising energy and food costs will hit economies worldwide and could leave lasting scarsThe International Monetary Fund has warned that “all roads lead to higher prices and slower growth worldwide” should the conflict in the M…

Read More IMF warns Middle East conflict will lead to higher prices and slower global growth
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China’s ‘teapot’ oil refineries keep economy brewing – but surging crude prices leave them strained
ByAmy Hawkins in Weifang March 30, 2026

The factories, which buy cheap crude and turn it into fuel, are struggling as higher oil prices threaten their razor-sharp margins The towns that are the bulwark of China’s energy security can, at a moment of global crisis, appear deceptively quiet. Tr…

Read More China’s ‘teapot’ oil refineries keep economy brewing – but surging crude prices leave them strained
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Blink and miss: Trump’s tactic of threats first and U-turn later is proving stale in Iran war
ByEduardo Porter March 27, 2026

President’s move, dubbed Trump Always Chickens Out, appears to have soured as he loses hold on situation in IranFrom Wall Street to the White House, the dish everyone’s talking about this week is the Persian Taco. It’s what’s served when Trump chickens…

Read More Blink and miss: Trump’s tactic of threats first and U-turn later is proving stale in Iran war
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 | US news | US-Israel war on Iran | World news

IRGC naval commander killed in Israeli strike was hardliner who understood power of strait of Hormuz
ByJason Burke March 26, 2026

Alireza Tangsiri oversaw technology now used to threaten strategic waterway and goaded Trump to attack oil-export hub Kharg Island Middle East crisis – live updatesAlireza Tangsiri, the Islamic Revolutionary Guard Corps (IRGC) naval commander who was k…

Read More IRGC naval commander killed in Israeli strike was hardliner who understood power of strait of Hormuz
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‘Tehran’s tollbooth’: a visual guide to how a trickle of ships still passes through strait of Hormuz
ByJoanna Partridge. Graphics by Tural Ahmedzade and Heidi Wilson March 26, 2026

Many of the vessels willing to make the crossing are taking an alternative route through Iranian watersThreats to shipping have effectively closed the strait of Hormuz since the US-Israel war on Iran began four weeks ago – upending global oil and gas s…

Read More ‘Tehran’s tollbooth’: a visual guide to how a trickle of ships still passes through strait of Hormuz
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Trump’s war in Iran exposes US’s shift from a global guardian to an arbiter of chaos
ByEduardo Porter March 25, 2026

The US is recklessly spreading economic havoc among global friends and foes while suffering little harm itselfTo shield ordinary Indians from the war in Iran, the government in Delhi redirected supplies of liquefied gas to Indian families, for which it…

Read More Trump’s war in Iran exposes US’s shift from a global guardian to an arbiter of chaos
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UK offers to host international security summit on reopening strait of Hormuz
ByPippa Crerar Political editor March 24, 2026

Defence chiefs have been discussing how to unblock the conduit for about a fifth of the world’s oil suppliesThe UK has offered to host an international security summit to draw up a “viable, collective plan” to reopen the strait of Hormuz as economic fa…

Read More UK offers to host international security summit on reopening strait of Hormuz
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Iran war energy crisis equal to 70s twin oil shocks and fallout from Ukraine war, says IEA chief
ByTom McIlroy political editor March 23, 2026

Fatih Birol says effect on energy markets of Iran bombings and closure of Hormuz strait not initially understood by world leadersMiddle East crisis live – latest updatesThe global energy crisis caused by the war in Iran is equivalent to the combined fo…

Read More Iran war energy crisis equal to 70s twin oil shocks and fallout from Ukraine war, says IEA chief