GUARDIAN  |  Business

Middle East crisis pushes up oil prices – and could drive inflation rises too

中东危机推高油价——也可能推动通胀上涨

How high energy prices may go will depend on the scale of disruption to traffic through the strait of Hormuz.

How high energy prices may go will depend on the scale of disruption to traffic through the strait of Hormuz.

2026-03-02  699  中等
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The price had already risen significantly this year, from just above $60 in January, as tensions between the US and Iran intensified. Natural gas prices have shot up too, with the waterway also a vital artery for liquid national gas supplies. Benchmark European gas prices were up 38% on Monday, exacerbated after state-owned QatarEnergy said it was halting production at two sites after drone attacks.

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