Oil – Page 6 – War Watch

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From petrol to groceries: how Middle East crisis is driving up prices
ByRory Carroll March 4, 2026

Global supply chains are disrupted and prices are rising across sectors amid warnings worse is to come if conflict persistsMiddle East crisis live – latest updatesWhat we know on day five of the Iran warThe conflict in the Middle East has disrupted glo…

Read More From petrol to groceries: how Middle East crisis is driving up prices
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Middle East conflict offers economic lifeline to Russia’s flagging war machine
ByPjotr Sauer March 4, 2026

With much of the world’s oil supplies out of action, Russia could step in to meet demand in China and IndiaA prolonged energy crisis triggered by the widening war in the Middle East could offer an economic lifeline to Russia’s war machine at a moment w…

Read More Middle East conflict offers economic lifeline to Russia’s flagging war machine
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Iran has largely halted oil and gas exports through strait of Hormuz
ByDan Sabbagh Defence and security editor March 3, 2026

At least four tankers have been struck by drones and maritime traffic has dropped by 80%, reports sayIran has effectively closed the strait of Hormuz to oil and gas exports for the past four days with a mixture of drone strikes and fear that has halted…

Read More Iran has largely halted oil and gas exports through strait of Hormuz
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UK borrowing costs jump again on fears Iran conflict will curb growth
ByPhillip Inman March 3, 2026

Investors suspect rising oil and gas costs will stoke inflation and delay cuts in interest ratesUK borrowing costs jumped for a second day on Tuesday as the potentially damaging effects of the Iran conflict spooked investors concerned that growth will …

Read More UK borrowing costs jump again on fears Iran conflict will curb growth
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China calls for vessels in strait of Hormuz to be protected amid soaring shipping costs
ByJoanna Partridge March 3, 2026March 3, 2026

Beijing’s foreign ministry urges ‘all parties’ to avoid escalation as number of crossings drops 60% in one dayHow escalating Iran conflict is driving up oil and gas prices – a visual guideBusiness live – latest updatesThe Chinese government has called …

Read More China calls for vessels in strait of Hormuz to be protected amid soaring shipping costs
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Iran continues to hit back at US-Israeli strikes as Trump says it is too late to talk
ByWilliam Christou in Beirut March 3, 2026March 3, 2026

Iranian drones hit US embassy in Riyadh as Israel bombs Tehran and sends troops into southern LebanonUS-Israel war on Iran – live updatesIran continued its bombardment the Gulf and Israel on Tuesday in retaliation for further Israeli-US airstrikes, as …

Read More Iran continues to hit back at US-Israeli strikes as Trump says it is too late to talk
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How escalating Iran conflict is driving up oil and gas prices – a visual guide
ByRob Davies, with graphics by Lucy Swan, Harvey Symons, Heidi Wilson and Seán Clarke March 2, 2026

A near-halt to shipping in strait of Hormuz and attacks on Middle East refineries are threatening supplies and stoking inflationNils Pratley: A gas shock – not an oil shock – looks more threateningUS-Israel war on Iran – live updatesIran has responded …

Read More How escalating Iran conflict is driving up oil and gas prices – a visual guide
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Middle East crisis pushes up oil prices – and could drive inflation rises too
ByHeather Stewart Economics editor March 2, 2026

Effects of extended conflict between US and Iran could also lead to higher interest rates and hit economic growthBusiness live – latest updatesUS-Israel war on Iran – live updatesThe impact of the deadly and unpredictable conflict in the Middle East on…

Read More Middle East crisis pushes up oil prices – and could drive inflation rises too
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Gas prices soar and oil jumps as Iran war pushes down global stock markets
ByCallum Jones in Sydney and agencies March 2, 2026March 2, 2026

QatarEnergy says it has halted production of liquefied natural gas after attacks on Ras Laffan and Mesaieed sitesNils Pratley: A gas shock – not an oil shock – looks more threateningUS-Israel war on Iran – live updatesGas prices surged on Monday and oi…

Read More Gas prices soar and oil jumps as Iran war pushes down global stock markets
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The Guardian view on Trump’s Iranian campaign: an illegal war that risks becoming the new normal | Editorial
ByEditorial March 1, 2026

The US-Israeli military action will test the fragile rules governing the use of forceThe killing of Iran’s supreme leader, Ayatollah Ali Khamenei, by a US-Israeli strike is a targeted assassination of a head of state. It also marks a grave escalation i…

Read More The Guardian view on Trump’s Iranian campaign: an illegal war that risks becoming the new normal | Editorial