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Drivers are paying an average of 20 percent more at the pump since the strikes on Iran began. The global oil price was up and stocks in Asia rose.
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Iran fires missiles, drones at Gulf nations as ship hit in Strait of Hormuz Al JazeeraIran keeps up pressure on oil infrastructure as concerns of global energy crisis grow AP NewsIran-US war latest: Tehran launches ‘most intense' barrage of missiles since start of conflict The IndependentIran targets commercial ships, Dubai airport
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Shortage spurs surge in prices and threatens sectors from fertiliser to microchips as impact of war in Iran widens
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Panic in the oil market has calmed down, with prices pulling back from the week's highs near $120 a barrel after a group of wealthy nations said they will consider a coordinated release of emergency global crude reserves
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War chokes the Strait of Hormuz, leaving hundreds of oil tankers and container ships stranded and raising alarms of a looming global energy shock and food shortages across the Gulf and beyond.
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