Poin Utama
- play Live Sign upShow navigation menu.css-15ru6p1{font-size:inherit;font-weight:normal;}Navigation menuNewsShow more news sectionsAfricaAsiaUS & CanadaLatin AmericaEuropeAsia PacificMiddle EastExplainedOpinionSportVideoMoreShow more sectionsFeaturesEconomyHuman RightsClimate CrisisInvestigationsInteractivesIn PicturesScience & TechnologyPodcastsTravelplay Live Click here to searchsearchSign upNavigation menucaret-leftUS-Israel war on IranLive trackerCould the US deploy troops to Iran?Iran’s weaponsCould Iran be using China's BeiDou system?A simple guide to Irancaret-rightEXPLAINERNews|US-Israel war on IranHow badly has the Iran war hit the global economy?
- Listen to this article | 13 minsinfoA currency dealer walks in front of an electronic board displaying the Korea Composite Stock Price Index (KOSPI) and a news report on the US-Israeli conflict with Iran at the dealing room of a bank,in Seoul, South Korea [File: Kim Hong-Ji/Reuters]By Priyanka ShankarPublished On 16 Mar 202616 Mar 2026Click here to share on social mediashare2Share googleAdd Al Jazeera on GoogleinfoThe United States-Israeli war on Iran and Tehran’s retaliatory strikes across the Gulf region have upended global financial and energy markets, raising concerns of a global economic crisis – and even of a recession.
- All of this has combined to send oil prices soaring.
- According to Muyu Xu, a senior crude oil analyst at Kpler, liquified natural gas (LNG) prices have risen even more sharply – by almost 60 percent – since the start of the war.
- Qatar supplies 20 percent of the world’s LNG.
SNANE PAPUA – play Live Sign upShow navigation menu.css-15ru6p1{font-size:inherit;font-weight:normal;}Navigation menuNewsShow more news sectionsAfricaAsiaUS & CanadaLatin AmericaEuropeAsia PacificMiddle EastExplainedOpinionSportVideoMoreShow more sectionsFeaturesEconomyHuman RightsClimate CrisisInvestigationsInteractivesIn PicturesScience & TechnologyPodcastsTravelplay Live Click here to searchsearchSign upNavigation menucaret-leftUS-Israel war on IranLive trackerCould the US deploy troops to Iran?Iran’s weaponsCould Iran be using China's BeiDou system?A simple guide to Irancaret-rightEXPLAINERNews|US-Israel war on IranHow badly has the Iran war hit the global economy? The tell-tale signsOil and gas price hikes due to the war have rattled the global economy.
Listen to this article | 13 minsinfoA currency dealer walks in front of an electronic board displaying the Korea Composite Stock Price Index (KOSPI) and a news report on the US-Israeli conflict with Iran at the dealing room of a bank,in Seoul, South Korea [File: Kim Hong-Ji/Reuters]By Priyanka ShankarPublished On 16 Mar 202616 Mar 2026Click here to share on social mediashare2Share googleAdd Al Jazeera on GoogleinfoThe United States-Israeli war on Iran and Tehran’s retaliatory strikes across the Gulf region have upended global financial and energy markets, raising concerns of a global economic crisis – and even of a recession. Here’s a look at tell-tale signs that reveal the global economic fallout from this war: Since the US-Israeli strikes on Iran began on February 28, Tehran has launched a wave of ballistic missiles targeting Israel, US military bases, oil depots and other infrastructure across the Gulf region.
All of this has combined to send oil prices soaring. As of Monday morning, Brent crude, the industry benchmark, was priced at $106 per barrel, up more than 40 percent from $72 per barrel on February 27.
According to Muyu Xu, a senior crude oil analyst at Kpler, liquified natural gas (LNG) prices have risen even more sharply – by almost 60 percent – since the start of the war. On March 2, QatarEnergy suspended its LNG production after an Iranian drone attack, straining the global LNG market.
Qatar supplies 20 percent of the world’s LNG. Prices of refined products from petrol and gas oil to jet kerosene and fuel oil have also seen significant increases, and that trend is expected to continue if energy flows through the Strait of Hormuz remain largely shut, Muyu added.
“As crude oil and refined products from the Middle East Gulf are unable to reach buyers, countries, particularly in Asia, are scrambling to secure alternative supplies at higher prices and adopt emergency measures to manage inventories and demand,” she told Al Jazeera. About 84 percent of the crude oil and 83 percent of the LNG that passed through the strait in 2024 was bound for Asia, according to data from the US Energy Information Administration.
