Gulf gridlock
Oil prices approach 4-year high as Iran conflict stymies shipping
War risk could leave businesses worldwide facing months of higher fuel prices, as suppliers grapple with damaged facilities and disrupted logistics
Stringer/Anadolu via Getty Images)
A commercial ship anchored in the Strait of Hormuz off the coast of the UAE
Add The Circuit on GoogleSaudi Arabia, the UAE, Qatar and other energy producers are raising prices to the highest levels since 2022 as the expanding conflict with Iran rattles global energy markets and disrupts shipping routes in the Gulf.
Brent crude surged during...
