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2026 › March › 08
Hormuz
4 months ago
Gulf Arab oil producers are cutting production as they run out of storage space because they can't export through the Strait of Hormuz
US energy chief says spike in gas prices will fall ‘before too long’ amid Iran war ⊖⊖
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a story from The Guardian ⚠️ › International
Chris Wright says price increase would last weeks, not months, and that US would not target Iran’s energy industry
The US Department of Energy secretary, Chris Wright, said on Sunday that the spike in…
Energy prices will fall when U.S. destroys Iran's ability to attack tankers in Strait of Hormuz: Wright ⊖⊖
Gas prices have spiked in the U.S. as oil has jumped to over $90 since the war began in Iran.
Oil prices ‘could breach $100 a barrel within days’ amid supply disruption from Iran war ⊖⊖
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a story from The Guardian ⚠️ › International
Warning from Goldman Sachs comes as crude shipping through strait of Hormuz falls further than bank thought
Global oil prices could breach the $100 (£74) a barrel mark within days, and reach $150 a ba…
Why an Iran war inflation shock could wreck global economic recovery ⊖⊖
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a story from The Guardian ⚠️ › International
Central bankers and economists warn prolonged conflict could raise retail prices and rip up growth forecasts
Middle East crisis – live updates
An inflation shock triggered by the US-Israel attack on Ir…
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