The Iran war puts Asia in an energy panic

GateUser-9ad11037 · 2026-03-15T06:50:49+00:00

The ongoing American-Israeli war with Iran has significantly disrupted oil exports from the Gulf, causing Brent crude prices to surge over $100 a barrel. Fuel prices are rising for motorists in the U.S. and natural gas prices in Europe have increased by 92%.

GateUser-9ad11037

2026-03-15 06:50:49

Generación de resúmenes en curso

NOW INTO its second week, the American-Israeli war with Iran has all but stopped seaborne oil exports from the Gulf’s big producers. As trading resumed after the weekend the price of Brent crude, the global benchmark, leapt above $100 a barrel. It is up by around 40% since hostilities began. American motorists are already paying over $3.40 for a gallon of petrol on average, around 50 cents more than on February 27th. In Europe prices of natural gas, of which the Gulf normally ships lots in liquefied form, are 92% higher than before the war.

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