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Beyond its effects on oil and gas, the unfolding war in the Middle East is roiling shipping and airfreight, threatening the availability of a vast range of goods.
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Four years after the Russian invasion of Ukraine sent energy prices soaring, the war in Iran is posing another challenge to efforts to revive European factories.
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US eases Russia oil sanctions as Iran war pushes up energy prices BBCTrump Removes Sanctions on Russia to Help Oil Flow Amid Iran Conflict The New York TimesTrump administration temporarily lifting sanctions on Russian oil stranded at sea in boost for Kremlin CNNOil drops after US issues license for countries to buy Russian oil stranded at sea for 30 days Reuters
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Trump suggests high oil prices are a positive after bragging about low gas prices last month PBSTrump touted falling gas prices but now says 'we make a lot of money' as they go up NBC NewsUS eases Russia oil sanctions as Iran war pushes up energy prices BBCTrump touts oil price gains, saying 'we make a lot of money,' angering lawmakers Reuters
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