Oil

Your Taxes: The Iran war’s commercial impact

The latest Iran war is having an economic impact on the world economy. If less fuel is available to the world through the Strait of Hormuz, it means less travel and fewer petroleum products.

 Oil, miniatures of oil barrels, oil pump jack and U.S. dollar banknote are seen in this illustration taken, June 6, 2023.
 Russian President Vladimir Putin (C), Indian Prime Minister Narendra Modi (4R) and Indian President Smt. Droupadi Murmu (5R) greet delegations during the welcoming ceremony at the Rashtrapati Bhavan Presidental Palace, on December 5, 2025 in New Delhi, India.

US-Iran war pushes India to rekindle old friendship with Russia

U.S. President Donald Trump holds a cabinet meeting at the White House in Washington, D.C., U.S., March 26, 2026.

Trump says Iran's 'present' to US was allowing ten oil tankers through Hormuz

A satellite image shows an oil terminal at Kharg Island, Iran, February 25, 2026. 2026

Iran fortifying Kharg Island in preparation for potential US attack - report


United Airlines CEO: Ticket prices may climb by as much as one-fifth due to fuel prices

United Airlines modeled a worst-case scenario in which prices reach $175 per barrel.

 FedEx airplane.

Asia looks to COVID-era playbook to tackle fuel crisis from Iran war

Asia is at the frontline of the fuel crisis, buying more than 80% of the crude that transits the Strait of Hormuz, which has been almost totally blocked by Iran since the war broke out in February.

A coastguard boat approaches an Indian liquefied petroleum gas (LPG) carrier, Shivalik, as it arrives at Mundra Port via the Strait of Hormuz, amid the US-Israel conflict with Iran, in Gujarat, India, March 16, 2026.

Iran tells UN: 'non-hostile' ships can transit Strait of Hormuz

The note regarding the Strait of Hormuz from Iran's Ministry of Foreign Affairs was sent to the 15-member Security Council and UN Secretary-General Antonio Guterres.

The Callisto tanker sits anchored as the traffic is down in the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Muscat, Oman, March 10, 2026.

Asia is most affected continent by Strait of Hormuz closure, with 80% of Gulf energy imports

A New York Times report revealed that Asian countries are entering an energy crisis due to the closure of the Strait of Hormuz, while Western nations will feel the economic effects of the war.

Asia will be the most affected continent by the closure of the Strait of Hormuz.

Traders bet $500 million on oil price just before Trump's post on delay to Iran attack

Having issued Iran with a Monday deadline to reopen the critical Strait of Hormuz or face its power plants being "obliterated," Trump's post unleashed a powerful selloff in oil and natural gas.

U.S. Stock Market.

Israel's endurance buys Iranian isolation - editoral

Israelis face mounting costs from the war with Iran, but regional signals suggest Tehran is becoming more isolated across the Middle East.

People walk past a mural drawn by the "Grafitiyul" graffiti art group depicting Iran's Supreme Leader Ayatollah Ali Khamenei, on a street in the Israeli coastal city of Tel Aviv on July 22, 2025.

Want to reduce stress? This is the secret of olive oil

In periods of ongoing stress and tension, olive oil may be more significant than ever. Extra virgin olive oil is rich in antioxidants and quality fats that may reduce stress and inflammation.

Olive oil

Trump’s five day window for Iran deal may decide Israel’s inflation path, expert tells ‘Post’

Economists warn Israel’s inflation could rise if Iran talks fail, as oil market shocks increase fuel prices and ripple across the economy.

Israel Navy missile ship patrols near gas field‏

International Energy Agency: Middle East oil crisis severe, global economy at risk

“A stock release will help to comfort the markets, but this is not the solution. It will only help to reduce the pain in the economy," IEA Executive Director Fatih Birol said.

 International Energy Agency (IEA) Executive Director Fatih Birol speaks during a press conference in Istanbul, Turkey, March 12, 2026.

Saudi Aramco boss pulls out of international energy conference due to Iran conflict, source says

The withdrawal of the CEO of the world's top oil exporter from this conference highlights the scale of the challenge he faces in dealing with the Iran crisis.

 Amin H. Nasser, President & Chief Executive Officer Saudi Aramco, speaks during the CERAWeek energy conference in Houston, Texas, US March 8, 2022.