Oil and gas crisis from Iran war worse than 1973, 1979 and 2022 together, says IEA
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<p>Oil prices seesaw and stock markets on edge amid Donald Trump’s deadline for Iran to reopen strait of Hormuz </p><ul><li><p><a href="https://www.theguardian.com/business/live/2026/apr/07/oil-price-rises-trump-deadline-iran-reopen-strait-of-hormuz-imf-business-live-news">Business live – latest updates</a></p></li></ul><p>The current oil and gas crisis triggered by the blockade of the strait of Hormuz is “more serious than the o
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<p>Oil prices seesaw and stock markets on edge amid Donald Trump’s deadline for Iran to reopen strait of Hormuz </p><ul><li><p><a href="https://www.theguardian.com/business/live/2026/apr/07/oil-price-rises-trump-deadline-iran-reopen-strait-of-hormuz-imf-business-live-news">Business live – latest updates</a></p></li></ul><p>The current oil and gas crisis triggered by the blockade of the strait of Hormuz is “more serious than the o
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