Since US and Israeli strikes began on 28 February 2026, the war with Iran has drawn in the Gulf states, choked shipping through the Strait of Hormuz and pushed up the price of oil around the world. Our coverage, the key facts, the timeline and the oil-price data, in one place.
IranBrent slipped to about $114 on Thursday morning after a reported US letter to Tehran. Diplomats say a Qatari proposal trading nuclear steps for sanctions relief awaits Iran’s answer.
IranEight months after US and Israeli strikes began, a ceasefire has collapsed, the Strait of Hormuz is still under attack and diplomats are testing a Qatari plan.
Saudi ArabiaIn Yemen, Human Rights Watch says the Houthis have damaged a key road into besieged Taiz, where fuel shortages are straining hospitals.
The global benchmark settled at $113.17 a barrel on 22 October, up 4% in a day, as fighting between Saudi Arabia and the Houthis intensified.
US Energy Information Administration — Europe Brent and WTI Cushing spot prices, monthly average · latest: 2026-09
US Energy Information Administration — Henry Hub natural gas spot price, monthly · latest: 2026-09
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