How could the US-Iran deal affect oil prices and the cost of food?
Experts warn the impact of the war will continue to affect the global economy for months to come.
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
"Let the oil flow!"
— Donald Trump , Politician
"It remains to be seen whether the latest deal represents a fragile truce or a durable settlement."
— Neil Shearing , Academic
"Some things are not confirmed on both sides – important things: we don't know if the deal will be signed."
— Florence Schmit , Academic
Key People
Tags
All Coverage
Experts warn the impact of the war will continue to affect the global economy for months to come.
Similar Stories
Related coverage based on topic and tags
Are global oil stocks big enough to weather another six months of US-Iran war? - Reuters
Are global oil stocks big enough to weather another six months of US-Iran war? Reuters
August 13, 2026 at 05:15 PMOil climbs as fading US-Iran peace hopes raise supply risks - Reuters
Oil climbs as fading US-Iran peace hopes raise supply risks Reuters
August 18, 2026 at 01:13 AMOil steadies after US threatens indefinite blockade of Iran - Reuters
Oil steadies after US threatens indefinite blockade of Iran Reuters
August 14, 2026 at 01:36 AMUS eyes indefinite Iran naval blockade as oil supply shortfall deepens - Reuters
US eyes indefinite Iran naval blockade as oil supply shortfall deepens Reuters
August 13, 2026 at 10:01 PMOil set for weekly gains after US threatens indefinite blockade of Iran - reuters.com
Oil set for weekly gains after US threatens indefinite blockade of Iran reuters.com
August 14, 2026 at 11:03 AMBurnham warned Iran war could hit UK growth next year
The conflict in the Middle East has pushed up oil and fuel prices, and also disrupted supply chains.
August 12, 2026 at 02:17 PM