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Article: How will the Middle East conflict affect global energy prices?

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8 / 10

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Summary: The escalating conflict between the US, Israel, and Iran is disrupting Middle Eastern energy supplies, particularly through Iranian actions targeting the Strait of Hormuz and regional oil and gas facilities. This disruption is already causing global oil and gas prices to rise, leading to higher fuel costs worldwide. Any further interruption to the flow of oil could severely impact major importing economies.

Main Topics Covered: 1. The impact of the US-Israel-Iran conflict on Middle Eastern energy infrastructure. 2. Disruption of oil shipments through the Strait of Hormuz. 3. The resulting increase in global oil and gas prices and broader economic effects.

Original URL

https://www.aljazeera.com/video/counting-the-cost/2026/3/5/how-will-the-middle-east-conflict-affect-global-energy-prices?traffic_source=rss

Source Feed

Al Jazeera – Breaking News, World News and Video from Al Jazeera

Published Date

2026-03-05 11:22

Fetched Date

2026-03-05 09:00

Processed Date

2026-03-05 09:01

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Present

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Not Clustered

Raw Extracted Content

How will the Middle East conflict affect global energy prices?
Energy supplies in the Middle East are being chocked off as the conflict between the US, Israel and Iran escalates.
Iran is retaliating against Israeli and US attacks where it hurts the most: Energy.
And the world is already feeling it at the pump.
Tehran has disrupted shipping through the Strait of Hormuz – a narrow waterway through which a fifth of all global oil flows.
It has also launched a series of counterstrikes across the Gulf, against oil and gas facilities.
Any further disruption to that flow would cripple the world’s largest importing economies – from East Asia to Europe.
Oil and gas prices are climbing.
That means higher fuel costs for cars, power plants and industry – rippling through the global economy.
Published On 5 Mar 2026