Who wins and loses in the global energy crisis?
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The Bottom Line
Surging oil prices benefit energy-producing nations while hurting countries that import energy.
How This Affects You
Rising energy costs could increase your gasoline, heating, and electricity bills.
AI Summary
Oil prices are surging, creating winners and losers across global economies as energy-producing nations benefit from higher revenues while energy-importing countries struggle with increased costs.
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‘We cut down the menu’: Cooking gas crisis hit restaurants in India amid war in Iran
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GlobalIran keeps up pressure on oil infrastructure as concerns of global energy crisis grow - AP News
<a href="https://news.google.com/rss/articles/CBMioAFBVV95cUxPNHlpakYzV29uWUcta3BPbDdFZnk2cEQ5WlNkZ0FHczdodk9Rb1hNZWEtRXRiQnE5THllenhSYzBlRnMzTU51N0U1d2xqeWx6aWdYek0wblE5NFpuV3NJMGNQdlRBU2phclQ0T3RXcnJlYnRrYTJzTlh4MktmYlF3NW9Fa2YwbXpmNGVzV3pMSGl1cUk2T0ozdV81dVQ2YUFJ?oc=5" target="_blank">Iran keeps up pressure on oil infrastructure as concerns of global energy crisis grow</a> <font color="#6f6f6f">AP News</font>
GlobalGlobal energy crisis: Asia feels the squeeze
Asian nations, including India, are feeling the impact of the ongoing war in Iran. We explore how dependent the region is on West Asia for energy and consider whether New Delhi should position itself as a mediator to help bring the conflict to an end.
PoliticsFrom the archives: Richard Nixon addresses the 1973 energy crisis
Then-President Richard Nixon addressed the nation from the Oval Office during the 1973 energy crisis. Fueled by the Yom Kippur War, members of the Organization of the Petroleum Exporting Countries in the Middle East banned the sale of oil to the U.S. and other countries, sharply raising gas prices for Americans as they faced their first fuel shortage since WWII.
GlobalA world at war: The Iran conflict goes global
<p>Ten days into President Trump's <a href="https://www.axios.com/world/iran" target="_blank">Iran</a> campaign, the war has gone global.</p><ul><li><a href="https://www.axios.com/2026/03/03/iran-war-countries-gulf-qatar-us" target="_blank">At least 20 countries</a> are now militarily involved — shooting, shielding or quietly supplying — while a widening energy shock punishes nations far from the front lines.</li></ul><p><strong>Why it matters: </strong>This isn't World War III. But it may be the closest we've come in decades — drawing in more countries, more great powers and more overlapping conflicts than any crisis since the Cold War.</p><hr><p><strong>Zoom in: </strong>Iran has <a href="https://www.axios.com/2026/03/02/iran-war-expanding-israel-lebanon-gulf-cyprus" target="_blank">struck at least 10 countries</a> since the war began, hitting U.S. and Israeli bases, Persian Gulf capitals, oil infrastructure and civilian areas in an attempt to impose maximum pain on Washington and...
GlobalOil Remains Potent Geopolitical Tool, Decades After Energy Crisis
The war in the Middle East has sent prices soaring, showing how much the world continues to depend on reliable supplies of oil and gas.
GlobalIran's unrelenting attacks on Mideast shipping and energy infrastructure send oil prices up again - AP News
<a href="https://news.google.com/rss/articles/CBMioAFBVV95cUxOT3UyV1FyQ2VRM3VLV2JXaUhzNWpzYUUyYnotbnkybzc2X1Jaakh4ZlRwcE1QaFkwUU94YTN0RVBnVEV1amRPYzd4WFdiczNwTWhtTVZHYXU3NlY3YllCMG9hRkdDUFp0bEdJNnZBX1hXUi1QY1ZoNmNZUGVyTW9rNDQ0ZHNKcHZ0Y2R1OWtheFhkQVVKVWlpU0Z4enFpRVZ1?oc=5" target="_blank">Iran's unrelenting attacks on Mideast shipping and energy infrastructure send oil prices up again</a> <font color="#6f6f6f">AP News</font>
Israel’s Deadly Blockade Traps 7 U.S. Doctors in Gaza
Doctors who went to Gaza said Israel’s suspension of travel puts vulnerable patients at risk after years of genocide. The post Israel’s Deadly Blockade Traps 7 U.S. Doctors in Gaza appeared first on The Intercept .
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