As War Raises Oil Prices, Households Pay While Energy Companies Profit

As war raises oil prices, households pay while energy companies profit

Rising tensions between the United States, Israel and Iran have sent oil prices surging. While households and governments face higher costs, parts of the fossil fuel industry stand to gain billions.

Gas, food and travel: How the war in Iran is driving up costs in B.C.

"There's a lot of pressure on energy costs, obviously, diesel, gas prices, and the food supply chain is a very energy-intensive sector," Dr. Sylvain Charlebois said.

Oil prices up, households pay and energy companies profit - Thoughtful Journalism About Energy's Future

This article was published by The Conversation on March 17, 2026. By Philippe Le Billon War is costly. The ongoing American-Israeli war on Iran is already reverberating through the global economy. For most people, including American citizens, it means higher fuel prices and greater economic uncertainty. But for a narrower group of entities, war can also be extraordinarily profitable. Chief among them are segments of the United States oil and gas…

Iran war impact on fertiliser supplies, prices and food security - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

As the US-Israel war with Iran enters its third week, analysts warn it is severely disrupting fertiliser markets and endangering food security for developing countries in the near term. Here is how the conflict is affecting fertiliser costs, trade flows and output: WHY IS THE HORMUZ STRAIT KEY FOR FERTILISER SUPPLY? Fertiliser production is energy-intensive, relying heavily on natural gas as a feedstock, with energy making up as much as 70% of p…