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A hand holds the petrol pump nozzle into the car.
Image: Michael Gründel/Fotostand/picture alliance

Iran war's economic impact

The Iran war and the disruption to shipping through the Strait of Hormuz is making everything from energy and transport to fertilizer and food more expensive.

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News

May 18, 2026

Kenya paralyzed by deadly protests, strikes due to fuel cost

May 14, 2026

Iran says Chinese ships passed through Hormuz overnight

May 11, 2026

Iran war: Trump rejects proposal to end conflict

May 8, 2026

US says it struck targets in Iran after attack on warships

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Skip next section Reports & Analysis

Reports & Analysis

Russian President Vladimir Putin stands next to Chinese President Xi Jinping at a military parade in Beijing, China, on September 3, 2025

How China became the new master of Russia's economy

How China became the new master of Russia's economy

Hot on the heels of Trump, Russia's Vladimir Putin visits Beijing, eager to keep China’s financial lifeline intact.
TradeMay 19, 2026
US President Donald Trump raises glass in toast behind a lectern covered in flowers (May 14, 2026)

US-China summit exposes Trump's limits on Iran war, Taiwan

US-China summit exposes Trump's limits on Iran war, Taiwan

Donald Trump hopes to have China help end the Iran war, but Xi Jinping put Taiwan center-stage during the Beijing talks.
ConflictsMay 15, 2026
Donald Trump and officials welcoming him walk along a red carpet as he arrives in Beijing

War with Iran casts shadow over Trump's visit to China

War with Iran casts shadow over Trump's visit to China

Fears are growing that US President Trump may rethink US support for Taiwan in exchange for a peace deal with Iran.
PoliticsMay 13, 202602:12 min
Chinese Foreign Ministry spokesperson Lin Jian speaks

Could China be drawn into the Iran war?

Could China be drawn into the Iran war?

China foreign ministry has confirmed an attack on one of its oil tankers in the Strait of Hormuz earlier this week.
ConflictsMay 9, 202615:49 min
Motorists queue at a gas station amid rising petrol prices in Quezon City, Metro Manila on March 9, 2026

Is Russian oil becoming a lifeline for Southeast Asia?

Is Russian oil becoming a lifeline for Southeast Asia?

With oil, gas and fertilizer sales hit by the Iran war, SE Asian nations are brushing off EU pressure to isolate Russia.
ConflictsMay 7, 2026
A closeup of plastic packaging filled with food

Iran conflict disrupts Asia's plastic supply chain

Iran conflict disrupts Asia's plastic supply chain

Asia's plastic boom relied on cheap Middle East oil. Now shortages and higher prices are hitting firms and consumers.
BusinessMay 6, 202603:35 min
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Skip next section In the spotlight

In the spotlight

A worker checks the valves at Al-Sheiba oil refinery in the southern Iraqi city of Basra

Will the Iran war end Strait of Hormuz oil supremacy?

As the world derisks from the Strait of Hormuz, Gulf leaders are planning new pipelines to safeguard their oil empires.
TradeApril 27, 2026
Shipping containers on a cargo ship at the Port Jersey Container Terminal in Jersey City.

Will the Iran war cause a global recession?

As the Iran war disrupts energy and trade, the IMF warns global growth could dip to near-recession levels.
BusinessApril 17, 202610:32 min
A crowd of people walking on a street in northern Tehran in March 2023

Iran sees hundreds of thousands of jobs lost due to war

Weeks of war have wrecked Iran's industry, bringing many sectors to a standstill and hitting workers hard.
ConflictsApril 15, 2026
Indian students reportedly returning from Iran amid disruptions in parts of the Middle East arrive at Terminal 3 of Indira Gandhi International Airport, on March 15

India's aviation boom hits turbulence amid Iran war

From longer routes to higher fares, the Middle East conflict is exposing vulnerabilities in India's airline sector.
ConflictsApril 15, 2026
A man cooking Mughlai cuisne over an open grill

Indians fall back on polluting fuels amid gas crunch

Gas shortages mean people are turning to firewood, coal or kerosene, which is adding to local air pollution problems.
BusinessApril 13, 202603:27 min
BdTD Kenia Corona-Krise erreicht Schnittblumen-Produktion

Iran war leaves Kenyan roses in a prickly situation

The journey of a rose flower, from farms in Kenya to a florist in Germany, is being disrupted by the Iran war.
SocietyApril 8, 202603:21 min
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