From fuel caps to four-day work weeks, the Middle East conflict has left the world’s top crude oil importing region desperate to shore up supplies

With oil prices soaring and stock markets falling, economists warn that a prolonged conflict in the Middle East risks knocking growth worldwide and boosting prices

US president describes conflict as ‘very complete’, but threatens further strikes after Iran says it won’t allow ‘one litre of oil’ to leave Middle East while war continues

The conflict is driving up energy prices; threatening food shortages in poor countries; and complicating options for the inflation fighters at central banks.

Saudi Arabian state oil firm calls crisis by far the biggest but company can reroute 70% of exports via its east-west pipeline

Prospect of Trump easing US sanctions on Russian oil is a nightmare for the bloc as nations work out how to respond

From fuel caps to four-day work weeks, the Middle East conflict has left the world’s top crude oil importing region desperate to shore up supplies

Iran has set ablaze two tankers in Iraqi waters as it increased attacks on oil and transport facilities across the Middle East

China consumes around 90% of Iran’s oil exports, so could be forced to rely on alternative suppliers – particularly Russia, says Adam Hanieh of the Soas Middle East Institute

Fuel shortages have pushed governments to embrace flexible work policies, from Denmark to Vietnam.

Vast release of emergency crude reserves fails to quell mounting fears about supply crunch, rattling markets

Trump administration announces 30-day waiver on Russian oil stranded at sea as concerns over US-Israel war on Iran unsettles markets