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“An attack blamed on Iran-aligned fighters in Iraq last week also knocked out Saudi Arabia's East-West pipeline, the main route used to divert oil exports from the blockaded Strait of Hormuz.”

“"With nonlinear rises in both oil and refined products now a real possibility, Iran has maximised its leverage against the US."”

“Driving Israel’s striking economic resilience has been a booming tech sector largely insulated from its conflicts spanning Gaza, Lebanon, Syria, Iraq, Iran and Yemen.”

“However, the situation has once again changed after US President Donald Trump announced on Saturday that he had rejected Iran’s proposal for the Gulf war.”

“… Trump on Monday announcing a deal between Ukraine and Russia not to hit each other’s energy targets, while insisting that he believed a politically sensitive rise in US diesel fuel prices was being driven by the conflict in Europe rather than the war in…”

“Saudi Arabia, the world's largest oil exporter, has relied on the Red Sea route since the Iran conflict effectively closed Hormuz, through which a fifth of global oil used to flow.”

“US diesel prices soar past $6 a gallon, deepening strain for hauling everyday goods Diesel prices in the U.S. hit yet another record on Friday, soaring past $6 a gallon on average as Washington's war with Iran disrupts the world's flow of fuel.”

“- Published The Bank of England has kept interest rates unchanged for the fifth meeting in a row but has indicated it could raise them if the Iran war escalates.”