Oil – Page 8 – War Watch

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How high could oil go, and what might the global economic fallout be?
ByRichard Partington Senior economics correspondent March 9, 2026

There is talk of crude surpassing its record high of 2008 with potentially dire effects for consumers and businessesFears over the global economy have been stoked by the oil price soaring past $100 a barrel as a result on the US-Israel war with Iran.Ec…

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Ben Jennings on Donald Trump, Iran and surging oil prices – cartoon
ByBen Jennings March 9, 2026

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Lengthy US-Iran war would affect ‘lives and households of everybody’, says Starmer
ByPeter Walker Senior political correspondent March 9, 2026March 9, 2026

Ministers understood to be considering ways to mitigate rising energy bills as oil prices surpass $100 a barrelMiddle East crisis – live updatesUK politics live – latest updatesKeir Starmer has said that a long-term US-Iran war would affect the “lives …

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Why has the Iran war sparked fears of stagflation for the global economy?
ByLuca Ittimani March 9, 2026March 10, 2026

Conflict in the Middle East risks knocking growth worldwide and boosting prices, economists warn, amid global market turbulenceMiddle East crisis – live updatesOil prices surged on Monday, triggering a stark sell-off across some of the world’s leading …

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US stock markets close on high after Iran war drove oil prices above $100 a barrel
ByJillian Ambrose Energy correspondent March 8, 2026March 9, 2026

Markets settled after Trump claimed US-Israel war with Iran is ‘very complete’, bringing oil prices down to $85 a barrelHow high could oil prices go – and what might the global economic fallout be?US stock markets closed on a high after oil prices swun…

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Tehran oil sites on fire as Iran exchanges strikes with Israel and US – video report
ByMiddle East and north Africa | The Guardian March 8, 2026

A huge column of fire and smoke could be seen rising from an oil depot in the Iranian capital in video shared on social media.Footage from central Tehran shows fires across the skyline as the US and Israel hit five oil facilities in overnight strikes i…

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Oil prices ‘could breach $100 a barrel within days’ amid supply disruption from Iran war
ByJillian Ambrose Energy correspondent March 8, 2026

Warning from Goldman Sachs comes as crude shipping through strait of Hormuz falls further than bank thoughtGlobal oil prices could breach the $100 (£74) a barrel mark within days, and reach $150 a barrel by the end of the month, without a solution to …

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US considers lifting more sanctions on Russian oil as Iran conflict sees global prices surge
ByAgence France-Presse March 7, 2026

Washington says new measures not aimed at easing restrictions on Moscow and only affect supplies already in transitThe US treasury secretary, Scott Bessent, said on Friday that his government was considering lifting sanctions on more Russian oil, a day…

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Iran war pushes oil price above $90 threatening rise in global inflation
ByGraeme Wearden and Jillian Ambrose March 6, 2026

Reports Kuwait was cutting output pushed up cost of barrel of Brent crude to highest weekly gain since Covid pandemic beganThe Iran conflict has driven the oil price past $90 a barrel to its highest weekly gains since the Covid-19 pandemic six years ag…

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‘We’re powerless … and hoping nothing hits us’: trapped on a tanker as Iran war escalates
ByJillian Ambrose and Joanna Partridge March 6, 2026March 6, 2026

Seafarer tells of explosions in the sky as thousands stuck on vessels after strait of Hormuz is effectively closed to shipping• Maritime and port workers: how is the Middle East conflict affecting you?Thousands of seafarers are trapped on tankers in th…

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