Omdia

Business World Middle East

Hormuz Blockade Economic Impact

The Strait of Hormuz blockade is driving up energy prices and threatening global trade, from Asian agriculture to European aviation.

Virgin Atlantic raises its ticket prices by as much as £360 amid warnings jet fuel could run out in the 'near future' due to Iran war Daily Mail — Apr 15, 00:47 AM
Breaking: Virgin Australia to trim domestic flights, flags up to $40m extra fuel hit ABC News — Apr 14, 23:40 PM
Airlines prepare to ground planes and furlough cabin crew amid deepening air travel crisis as Iran war doubles jet fuel prices Daily Mail — Apr 14, 15:36 PM
European Union insists there is no shortage of jet fuel as war in Iran rages on NY Post — Apr 14, 21:45 PM
A 'systemic' jet fuel shortage is brewing in Europe — and flights could be hit hard CNBC — Apr 14, 14:05 PM
Hormuz Closure Sets Clock Ticking for Asia’s Rice Farmers Bloomberg — Apr 14, 21:28 PM
Iran War Could Impact Nearly $50 Billion in Ad Market This Year The Hollywood Reporter — Apr 14, 13:48 PM
Iran energy crisis will ‘redraw the global energy map,’ IEA chief says Semafor — Apr 14, 14:14 PM
Europe faces ‘stagflationary shock,’ EU economy chief says Semafor — Apr 14, 14:37 PM
Fast-Food Chains’ Expansion Hit by Mideast Tensions, Rising Energy Costs Barrons — Apr 14, 20:31 PM
Brace for World Cup '26 inflation Seeking Alpha — Apr 14, 15:38 PM
The US is at risk of an oil shock too Financial Times — Apr 14, 16:44 PM
Oil prices may be starting to come down for a worrisome reason NBC News — Apr 14, 16:01 PM
Energy prices set to rise as last Gulf Tankers reach Europe, analysts say Euronews — Apr 14, 14:04 PM
Sky-high prices for physical barrels reveals the real turmoil in oil markets The Globe and Mail — Apr 14, 21:46 PM
The International Energy Agency is really worried about the global oil market Barrons — Apr 14, 20:35 PM
'This is the worst war I've seen': Strikes continue in southern Lebanon ahead of peace talks ITV — Apr 14, 14:07 PM
UN raises alarm about Iran war causing fertiliser shortages for developing countries Middle East Eye — Apr 14, 16:34 PM
IMF cuts growth outlook, warns of potential global recession if Iran war worsens - Reuters Reuters — Apr 14, 14:05 PM
Argentina Inflation Picked Up More Than Expected on Energy Shock Bloomberg — Apr 14, 19:20 PM