Petrol prices – Page 19 – War Watch

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IEA orders largest ever release of stockpiled oil to reduce crude price
ByJoanna Partridge March 11, 2026March 11, 2026

Members agree unanimously to release about 400m barrels amid market volatility caused by Iran warBusiness live – latest updatesMiddle East crisis live – latest updatesThe International Energy Agency has ordered the largest release of government oil res…

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How Iran has used the strait of Hormuz to throttle oil and gas – a visual guide
ByJillian Ambrose. Graphics by Lucy Swan, Harvey Symons and Heidi Wilson March 11, 2026

The Tehran regime has weaponised geography in retaliation for the attacks by the US and Israel Global oil markets have recorded some of the biggest price swings in history this week after the US-Israeli war with Iran throttled the flow of Middle Easter…

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Why Iran’s vital Kharg Island oil hub is still untouched by US-Israel bombers
ByDan Sabbagh Defence and security editor March 11, 2026

While some argue for destroying the terminal though which 90% of Iran’s oil exports flow, others caution of a global market ‘tailspin’Kharg Island – through which 90% of Iran’s oil exports flow – is arguably the country’s most sensitive economic target…

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Iran’s regional proxies hold back from all-out war with US and Israel
ByJason Burke in Jerusalem March 11, 2026

Observers wait to see if Yemen-based Houthis will reopen hostilities as US warships approach Red Sea chokepointIranian-backed militias around the Middle East are continuing attacks against Israel, the US and their allies in retaliation for the US-Israe…

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Hasty redeployment of US missiles from South Korea to Middle East leaves Seoul rattled
ByJustin McCurry in Tokyo March 11, 2026

South Korea’s president has sought to reassure the public that the country is able to deter threats from the NorthIt has been almost a decade since the sleepy South Korean village of Seongju was transformed overnight into a key location in the country’…

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Trump’s ego-trip war has collided with economic reality but he can’t undo the damage | Rafael Behr
ByRafael Behr March 11, 2026

The US president’s doctrine of lawless military adventures harms American interests and boosts Vladimir PutinWaging war with no fixed purpose means victory can be declared at any point. Donald Trump’s motives for launching Operation Epic Fury against I…

Read More Trump’s ego-trip war has collided with economic reality but he can’t undo the damage | Rafael Behr
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Three merchant ships struck as tensions rise in Hormuz strait amid Iran war
ByMark Saunokonoko and agencies March 11, 2026March 11, 2026

Crew of Thai-registered bulk carrier forced to flee fire, as US says it has destroyed 16 Iranian mine-laying vesselsMiddle East crisis live – latest updatesThree merchant ships have been struck in and around the strait of Hormuz, including a Thai regis…

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US orders petroleum reserve release in bid to calm markets – as it happened
ByEva Corlett March 11, 2026March 12, 2026

This blog is now closed- follow the latest news and live updates in the Middle East crisis hereMiddle East crisis live updatesOver in Senate question time, the foreign affairs minister, Penny Wong, has confirmed embassies in Abu Dhabi and Tel Aviv and …

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Iran is becoming more defiant in face of US-Israeli onslaught
ByPatrick Wintour Diplomatic editor March 10, 2026

Tehran spurns Trump envoy Steve Witkoff and insists on guarantees it will not be attacked againIran has spurned two messages from Donald Trump’s special envoy, Steve Witkoff, seeking a ceasefire as its leaders sense it is not losing the war and the US …

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Ella Baron on Donald Trump’s predictions for the war on Iran – cartoon
ByElla Baron March 10, 2026

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