Oil – Page 5 – War Watch

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Iran could be the US’s Boer war: a hollow victory that marks the beginning of the end of empire | Larry Elliott
ByLarry Elliott March 19, 2026

US leaders anticipated a walkover. Now they’re embroiled in a conflict that could hasten the end of US economic dominance Nobody gave the Boers a prayer when the war in South Africa began in 1899. It was farmers ranged against the might of the British …

Read More Iran could be the US’s Boer war: a hollow victory that marks the beginning of the end of empire | Larry Elliott
Ayatollah Ali Khamenei | Benjamin Netanyahu | Donald Trump | Energy | Environment | Fossil fuels | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Palestinian territories | Petrol prices | World news

We need to be honest about Iran – and how our rampant greed for oil is causing mayhem | George Monbiot
ByGeorge Monbiot March 19, 2026

Oil has empowered capitalism, and some of the world’s most exploitative regimes. Move away from it and we can solve some of the key issues we faceI realise this is a serious breach of etiquette. But could we perhaps abandon good manners and contextuali…

Read More We need to be honest about Iran – and how our rampant greed for oil is causing mayhem | George Monbiot
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 | Qatar | Saudi Arabia | United Arab Emirates | US-Israel war on Iran | World news

Iran threatens Gulf energy facilities after Israeli attack on its largest gasfield
ByJillian Ambrose March 18, 2026

Revolutionary Guards say they will strike infrastructure in Saudi Arabia, UAE and Qatar after South Pars field hitMiddle East crisis – live updatesBusiness live – latest updatesIran has threatened to attack energy infrastructure across the Gulf region …

Read More Iran threatens Gulf energy facilities after Israeli attack on its largest gasfield
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Commodities | Donald Trump | Gas | 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

Will the strait of Hormuz torpedo Trump’s war? – podcast
By March 17, 2026

Events in the narrow waterway are causing chaos around the globe. Jillian Ambrose explains whyThe strait of Hormuz, a narrow stretch of water at the mouth of the Gulf, is the world’s petrol pump, a geographical bottleneck through which 20% of the world…

Read More Will the strait of Hormuz torpedo Trump’s war? – podcast
Ayatollah Ali Khamenei | Benjamin Netanyahu | Donald Trump | Gaza | India | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Palestinian territories | Petrol prices | South and central Asia | Sri Lanka | US-Israel war on Iran | World news

Sri Lanka brings in four-day week to eke out stocks of oil and gas hit by Iran war
ByHannah Ellis-Petersen South Asia correspondent March 16, 2026

Effective closure of strait of Hormuz also affecting Bangladesh, India and Pakistan, which have brought in crisis measuresSri Lanka is introducing a shorter four-day working week to preserve its shrinking fuel and gas reserves, as the Middle East confl…

Read More Sri Lanka brings in four-day week to eke out stocks of oil and gas hit by Iran war
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The Guardian view on Trump’s war with Iran: if the US is winning, why ask Nato for help? | Editorial
ByEditorial March 16, 2026

The US has overwhelming military power. Yet the battle has moved to oil routes, alliances and domestic politics – where Tehran is testing western unityDonald Trump would like you to know that he is winning the war with Iran. So comprehensively, in…

Read More The Guardian view on Trump’s war with Iran: if the US is winning, why ask Nato for help? | Editorial
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Commodities | 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 | UK news | US news | US-Israel war on Iran | World news

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
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | China | Commodities | Donald Trump | Energy industry | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Palestinian territories | Petrol prices | Russia | US foreign policy | US news | US-Israel war on Iran | World news

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
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Donald Trump | Energy industry | Gas | Gaza | Global economy | International trade | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Palestinian territories | Petrol prices | Qatar | Saudi Arabia | Shipping industry | Strait of Hormuz | UK news | United Arab Emirates | US news | US-Israel war on Iran | World news

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