Concern that oil production and shipment from the region will remain limited has lifted the price of crude oil — the largest factor in the cost of a gallon of gas — sharply.
Category: US and Israeli Attack on Iran (2026)
-
Gas Prices Hit $3.54 a Gallon, Up 19% Since Attacks on Iran
The New York Times – Business: -
How the Iran War Could Hit Americans’ Wallets
The New York Times – Business:Gas prices are rising, with the cost of food likely to follow. If the conflict drags on, the fallout for consumers could worsen, experts warned.
-
G7 Countries Hold Off on Releasing Emergency Oil Supplies
The New York Times – Business:Finance ministers for the seven industrialized countries met on Monday and said they would consider releasing oil from reserves but were not ready to do so now.
-
Countries in Asia Try to Contain the Economic Fallout of the Mideast Conflict
The New York Times – Business:Across Asia, where countries are highly exposed to rising oil and gas costs and tightening supply, governments are acting to mitigate economic harm.
-
Oil Remains Potent Geopolitical Tool, Decades After Energy Crisis
The New York Times – Business:The war in the Middle East has sent prices soaring, showing how much the world continues to depend on reliable supplies of oil and gas.
-
Oil Prices Spike Over $110 a Barrel, Highest Since Pandemic
The New York Times – Business:The jump was a sign of growing concern that the war in the Middle East will take a toll on energy supplies.
-
For China, Billions of Dollars Are at Risk From a Widening War
The New York Times – Business:The country found a home in the Middle East for its investments and growing markets for steel, electric vehicles and solar panels. Those are now at stake.
-
Oil Prices Surge Above $100 a Barrel for the First Time in Almost Four Years
The New York Times – Business:The jump was a sign of growing concern that the war in the Middle East will take a toll on energy supplies. Stock futures fell about 1.5 percent.
-
Energy Secretary Says Tankers Could Start Moving Soon
The New York Times – Business:“We’re not too long, I think, before you will see more regular resumption of ship traffic through the Strait of Hormuz,” Chris Wright said on CNN on Sunday.
-
How Anonymous Bettors Cashed In on the Iran Strike, Just Hours Before It Happened
The New York Times – Business:Polymarket users placed hundreds of bets of at least $1,000 predicting an imminent American strike, raising concerns about insider trading.
-
War-Induced Inflation Spike Looms Over Europe’s Economic Recovery
The New York Times – Business:For months, the region has been encouraged by low inflation and better-than-expected economic growth. A disruption to energy supplies from the Middle East could knock it off course.
-
Oil and Natural Gas Prices Extend Rally as Iran Attacks Escalates
The New York Times – Business:Energy prices continued to rise on Tuesday as attacks by the United States and Israel on Iran intensified, along with the country’s response.