Oil – Page 4 – War Watch

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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’
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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
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Commodities | Donald Trump | Economics | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Palestinian territories | Petrol prices | Stock markets | US economy | US-Israel war on Iran | World news

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