Global oil prices surge above one hundred dollars amid Iran conflict

Oil prices slide, stocks surge as Trump announces two-week Iran ceasefire

Investors welcome the possible resumption of oil and gas flows through the Strait of Hormuz.

Oil and gas crisis from Iran war worse than 1973, ​1979 and 2022 together, says IEA

Oil prices seesaw and stock markets on edge amid Donald Trump’s deadline for Iran to reopen strait of Hormuz Business live – latest updates The current oil and ‌gas crisis triggered by the blockade of the strait of Hormuz is “more serious than the ones in 1973, ​1979 and 2022 together”, the head of the International Energy Agency (IEA) has warned, as Donald Trump’s deadline for Iran to reopen the waterway approached on Tuesday. Fatih Birol, the executive director of the IEA, told ⁠Le Figaro newspaper that the impact of the Middle East conflict on the oil market was larger than the combined force of the twin oil shocks of the 1970s and the fallout of Russia’s invasion of Ukraine. Continue reading...

Oil prices rise ahead of Trump's Iran deal deadline

The US president has threatened to take out Iran "in one night" if it does not agree to open the Strait of Hormuz.

Oil prices choppy after expletive-laden Trump threat to Iran

Brent crude rose above $110 before those gains eased after a report of US-Iran talks over a potential ceasefire.

Oil prices open higher as US-Israeli war with Iran continues to disrupt supply

Iran war starts pinching U.S.; gas prices, transport costs surge

The average price of petrol in the U.S. has increased to $4.09 a gallon on Friday (April 3, 2026), up more than one dollar from just before the war and the highest level since August 2022

Oil shock triggers global price spikes as Iran war drags on

Fuel shocks from the US-Israel war on Iran are rippling worldwide, as Strait of Hormuz disruptions push prices higher.

Oil jumps and shares fall after US president address

The US president says he will bring Iran "back to the Stone Age" but failed to say how the war will end.

In Europe, lobbyists are using soaring fuel prices to make the case for more dirty energy

The argument for transitioning to renewables seems stronger than ever – and yet, attacks mount on the carbon price scheme that underpins the EU’s success at cutting pollution • Don’t get This Is Europe delivered to your inbox? Sign up here On the one hand, experts say, Europe is better prepared for this energy crisis than the last. On the other, it is still waging a culture war against the most obvious path out. Fuel prices have soared to ruinous levels since the Iran war left ships of oil and liquefied natural gas (LNG) stranded in the Gulf. The pain is most acute in Asia, but high energy prices are already causing panic in Europe. Shortages could hit the continent this month, oil company Shell warned last week. Donald Trump’s “go get your own oil” comments on Tuesday sent prices to their highest level since the start of the US-Israel attack on Iran. They briefly dipped below $100-a-barrel on Wednesday amid hopes that the war may soon end. Continue reading...

Another front for Trump, “pain in the pump”, gasoline above US$ 4 a gallon

”If the (Iran) conflict is contained soon, the hit to confidence may be temporary, but a prolonged crisis could prompt more precautionary saving and further discretionary spending cuts,” warned Moody’s in a report on the current war in the Middle East, and the impact for US households.