Strait of Hormuz Crisis and Global Energy Price Surge

Iran's parliament approved a toll plan on Strait of Hormuz shipping traffic, triggering massive supply disruptions that drove Brent crude up over 40% in March 2026 and pushed US gasoline prices above $4 per gallon for the first time since 2022.

21 articles3 developmentsUSA · Europeo · Russo · Cinese · Indiano · MedioOriente

Tue, Mar 31, 08:52 PM4 sourcesactive

US Gas Prices Surpass $4 Per Gallon Amid Iran Conflict

US gasoline prices have risen above $4 per gallon for the first time since 2022, with analysts suggesting the ongoing conflict involving Iran as a contributing geopolitical factor. Drivers across the country are reacting to the increased costs at the pump. Prices may continue to rise depending on market conditions and the trajectory of the conflict.

shortly before

Tue, Mar 31, 08:28 PM5 sourcesactive

Brent Crude Oil Prices Surge Over 40% in March 2026 Amid Middle East Tensions and Supply Disruptions

Brent crude oil prices rose by more than 40% in March 2026, driven by significant supply disruptions linked to escalating tensions in the Middle East, particularly involving Israel and Iran. Energy experts have characterized the situation as the largest oil supply disruption in history for the EU, with downstream effects including fuel surcharges on summer travel. The crisis appears connected to Israeli military and economic pressure on Iran, a major oil producer.

17h before

Tue, Mar 31, 03:08 AM7 sourcesactive

Iran's Strait of Hormuz Toll Plan and Escalating International Tensions

Iran's parliament commission has approved a plan to charge tolls on shipping traffic through the Strait of Hormuz, a critical global oil transit chokepoint, amid an ongoing conflict context involving the US and Israel. Multiple international actors including the EU, China, Pakistan, and the UAE have responded with varying positions ranging from diplomatic engagement to potential military involvement. The move has prompted US officials to call on allies to take greater responsibility for securing their own energy supply routes.