Global gasoline prices surge as Middle East military tensions escalate
Rising military tensions in the Middle East are driving global gasoline prices higher through maritime disruptions.
Event / Conflict
Diplomatic negotiations between the United States and Iran covering military tensions, nuclear matters, and regional maritime access including the Strait of Hormuz.
2026-08-15 to 2026-11-12 · UTC publication dates
Coverage begins 19 Jul, 02:29 UTC
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Israeli and Jordanian forces intercepted three Iranian missiles targeting Jordan and the port city of Aqaba near Israeli city of Eilat on the Red Sea. A fourth missile fell in a desert area.
British maritime security agency UKMTO reported a vessel was on fire in the Strait of Hormuz, approximately 8 nautical miles northwest of the Omani village of Kumzar. The cause of the fire was unknown.
Iran announced it conducted a surprise attack against an enemy special operations command center in the Al-Tanf region of Syria in retaliation for Iranian soldiers killed.
Jordan summoned the Iranian embassy chargé d'affaires to protest the continuation of Iranian brutal and unjustified aggression.
US Central Command (Centcom) announced strikes against Iran for the ninth consecutive night. President Trump stated the bombardments were conducted in honor of American soldiers killed in combat in the Middle East.
Iranian strikes targeted the Darkhovin nuclear power plant under construction in southwestern Iran, according to the Iranian Atomic Energy Organization.
Iran reported conducting strikes on the port city of Sirik overlooking the Strait of Hormuz and other locations in Hormozgan province in southern Iran.
Kuwait announced it was facing an attack from Iranian drones against Kuwaiti territory.
The US military stated it targeted Iranian Revolutionary Guards Corps sites and forces that launched attacks against American military members in Jordan on Friday.
Air raid sirens sounded overnight in Bahrain, according to the Interior Ministry, which instructed residents to move to the nearest safe location. Bahrain hosts the US Navy Fifth Fleet.
Iranian attacks struck a Kuwaiti power generation and water desalination facility, causing a fire.
The U.S. military launched airstrikes targeting Iran's Islamic Revolutionary Guard Corps (IRGC) on Sunday to retaliate for an attack on a base in Jordan that killed American troops. The strikes targeted Iranian military coastal surveillance and air defense facilities, maritime capabilities, missile and drone storage sites. The airstrikes were conducted using fighter jets and Tomahawk cruise missiles launched from naval vessels.
The U.S. military imposed a naval blockade on Iranian ports to halt shipments of crude oil. The military redirected five ships and disabled one vessel as part of the blockade enforcement in the week following the announcement.
The United Arab Emirates Foreign Ministry issued a statement calling for restraint to avoid escalation. The statement condemned the targeting of civilian infrastructure and facilities in the region as violations of international law principles and said such actions cannot be accepted or justified under any circumstances.
Iran's Supreme Leader Mojtaba Khamenei issued a warning that the United States would face unforgettable lessons if it continues attacking Iran. Khamenei called Trump's signature worthless and invalid, and warned of even heavier costs and further humiliation for the U.S.
U.S. airstrikes targeted the construction site of a nuclear power plant in Darkhovin, located in Khuzestan province in southwestern Iran. Iranian authorities claimed the site was hit by several projectiles, causing damage to the facility.
The U.S. Embassy in Jordan issued a warning to American citizens regarding a specific and credible threat to Aqaba, a coastal city on the Red Sea. The embassy urged citizens to avoid the airport and seaport in the city.
Iran's semiofficial news agency Fars, believed to be close to the Revolutionary Guard, issued threats against the United Arab Emirates. Quoting an anonymous Iranian official, the agency stated that continued strikes on Iranian civilian infrastructure would necessitate the immediate evacuation of Dubai and Abu Dhabi airports and the ports of Fujairah and Jebel Ali.
The escalating conflict between the U.S. and Iran centers on control of the Strait of Hormuz, a strategic waterway that previously carried approximately 20% of global oil and natural gas supplies. The conflict has created threats to commercial shipping in this vital energy shipping route.
Iran conducted retaliatory strikes against U.S.-allied Gulf nations, targeting civilian and commercial infrastructure. In Kuwait, strikes hit a water desalination plant and an oil facility. This was the second attack on a desalination plant in two days. Kuwait depends on desalination for 90% of its drinking water. Missile alerts sounded in Saudi Arabia and other Gulf Arab states.
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