Oil and gas prices rapidly rise as Iran war shows no signs of letting up

Tankers carrying about 20 million barrels of oil a day are stranded in the Persian Gulf due to safety risks around the Strait of Hormuz, while damage to oil and gas facilities has further tightened supply.

Mar 8, 2026 - 14:30
 0
Oil and gas prices rapidly rise as Iran war shows no signs of letting up
Tankers carrying about 20 million barrels of oil a day are stranded in the Persian Gulf due to safety risks around the Strait of Hormuz, while damage to oil and gas facilities has further tightened supply.

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