The Iran war puts Asia in an energy panic

GateUser-9ad11037 · 2026-03-11T06:52:36+00:00

The ongoing American-Israeli war with Iran has severely disrupted oil exports from the Gulf, causing Brent crude prices to surge above $100 a barrel. Motorists face rising fuel costs, with European natural gas prices also significantly increasing.

GateUser-9ad11037

2026-03-11 06:52:36

Abstract generation in progress

NOW INTO its second week, the American-Israeli war with Iran has all but stopped seaborne oil exports from the Gulf’s big producers. As trading resumed after the weekend the price of Brent crude, the global benchmark, leapt above $100 a barrel. It is up by 42% since hostilities began. American motorists are already paying over $3.40 for a gallon of petrol on average, around 50 cents more than on February 27th. In Europe prices of natural gas, of which the Gulf normally ships lots in liquefied form, are 92% higher than before the war.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.