How is the Iran war impacting global energy markets and inflation?
The U.S. and Israeli strikes on Iran have sent oil and gas prices sharply higher, ripping through global energy markets by disrupting shipments through the Strait of Hormuz — a chokepoint for about 20 % of the world’s oil trade. Brent crude has climbed toward multi-year highs and could exceed $100 a barrel if supply fears persist, while natural gas prices in Europe have also surged. Higher energy costs are now feeding directly into inflation, squeezing consumers and adding pressure on central banks, with a risk that persistent disruptions could slow growth and fuel broader price rises worldwide
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Wednesday Mar 04, 2026
Wednesday Mar 04, 2026
The U.S. and Israeli strikes on Iran have sent oil and gas prices sharply higher, ripping through global energy markets by disrupting shipments through the Strait of Hormuz