There are fears that a period of elevated oil and gas prices could trigger a damaging wave of global inflation.
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Israel's strike on South Pars and Iran's attack on Ras Laffan escalate energy crisis, deepen regional tensions. Grouped from 3 articles across 2 sources.
Questions raised over US knowledge of Israeli plans to attack key Iranian gasfield as energy sites become targets.
Strait of Hormuz shutdown causing chaos, with many Asian countries rationing fuel Grouped from 32 articles across 13 sources.
Saudis have warned of 'military actions, if necessary', but Gulf states in 'diplomatic bind' as they mull response.
The fertilizer market is facing a double crisis: the Iran war is driving up prices, the Strait of Hormuz is blocked - and at the same time it is becoming clear how dependent Europe still is on Russian supplies.
Industry worries that ‘panic’ actions by the White House could backfire on plans to increase drilling