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Middle East Conflict

Energy markets on edge as Middle East conflict escalates

Global oil prices climbed sharply in early trading on Wednesday as renewed military tensions in the Middle East heightened concerns over potential disruptions to energy supplies.

03 Jun 2026-04:51
Starmer freezes UK fuel tax over Middle East war fears

The British government has canceled a planned increase in motor fuel tax and introduced a massive road tax holiday for shipping fleets, moving to insulate households and businesses from economic fallout tied to the escalating conflict in the Middle East.

20 May 2026-15:45
Toyota sees 20% drop in annual profit as Iran war weighs

08 May 2026-09:13
Emirates annual profit climbs despite regional conflict

07 May 2026-14:30
Trump signals rapid end to US-Iran conflict as peace proposal is reviewed

Donald Trump has said he expects a rapid end to the war between the United States and Iran as Tehran reviews a new American peace proposal aimed at formally ending the conflict, according to statements cited in ongoing diplomatic discussions.

07 May 2026-09:01
Airlines slash two million seats amid high fuel prices

Airlines have removed two million seats from this month’s schedules as they adjust operations in response to soaring jet fuel prices amid the Middle East conflict.

06 May 2026-00:55
Gas prices surge as US-Iran conflict drives oil spike

Fuel prices across the United States have jumped sharply following an escalation in the conflict between the US and Iran, which has sent global crude oil prices soaring.

30 Apr 2026-15:52
Air France-KLM warns of $2.4B fuel cost surge in 2026

Air France-KLM expects its 2026 fuel bill to rise by $2.4 billion due to higher jet fuel prices linked to the Middle East conflict, the airline group said Thursday.

30 Apr 2026-12:21
Australia expands diesel stockpile with new shipment

Australia has announced it has secured an additional 100 million litres (around 628,000 barrels) of diesel as part of measures aimed at protecting fuel supplies from global instability linked to the ongoing conflict in the Middle East.

24 Apr 2026-11:16
IEA warns MidEast energy output loss may take two years to recover

17 Apr 2026-10:12

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