Barry, OppHub America Desk · · Source: aljazeera-english
How much more are you spending on petrol since the war in Iran began?
Based on reporting from aljazeera-english.
EXPLAINER News | US-Israel war on Iran How much more are you spending on petrol since the war in Iran began? At least 145 countries have reported increases in petrol prices since the attacks on Iran by the US and Israel began on February 28.
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EXPLAINER News | US-Israel war on Iran How much more are you spending on petrol since the war in Iran began? At least 145 countries have reported increases in petrol prices since the attacks on Iran by the US and Israel began on February 28. Listen Listen (4 mins) Save Click here to share on social media share-nodes Share facebook x whatsapp-stroke copylink google Add Al Jazeera on Google info A pump attendant refuels a bike at a petrol station in New Delhi, India [File: Ritesh Shukla/Getty Images] By Mohammed Haddad Published On 24 Aug 2026 24 Aug 2026 Since the United States and Israel launched their war on Iran six months ago, petrol prices have risen in at least 145 countries, adding to the burden on consumers worldwide. The figures are based on data from GlobalPetrolPrices, which tracks fuel prices in 170 countries and territories. Petrol prices in Myanmar rose the most, increasing by 56 percent from $0.77 per litre [0.26 gallon] of 95-octane fuel on February 23 to $1.20 on August 17.
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Story playbook
A pre-built map of what to watch — stocks, ETFs, and educational next steps. Not personalized advice.
Snapshot date: August 24, 2026 at 4:07 AM ET
This playbook was built when the story published and is not live-updated. Prices, news, and risk can change after this date — treat it as a starting map, not a current trade ticket.
Story → money map
oil supply and geopolitical risk
A war in the Middle East has caused gas prices to go up in over 145 countries around the world. Investors watch this because higher gas prices make everyday life more expensive and can slow down the whole economy.
What changed
Petrol prices have spiked globally following six months of military conflict involving Iran, the US, and Israel.
Who wins / who loses
Upstream oil producers and refiners benefit from higher margins, while consumers, airlines, and logistics companies absorb increased fuel costs.
Time horizon
Think in terms of the next few weeks.
Confidence & best fit
high confidence · Long-term investor, Active trader
Safer theme exposure (ETFs)
Baskets that own the theme without betting on one company.
Single stocks (higher risk)
Primary = closest to the story · Peers = same industry · Second-order = knock-on effects · Avoid = looks related but may be a trap
Primary
- $XOMBuild slowly — only if it fits your plan
Large oil companies make more money when energy prices go up.
View $XOM chart → · End-of-day delayed data
- $CVXBuild slowly — only if it fits your plan
Major oil producers stand to gain as conflict strains fuel supplies.
View $CVX chart → · End-of-day delayed data
Second-order
- $DALStay away — for now
Airlines have to pay much more for fuel, which cuts into their profits.
View $DAL chart → · End-of-day delayed data
Options (education only)
No strikes or expiries — a framework for how traders might express the view. Options can expire worthless.
Direction: volatile · Style: Bullish defined-risk call idea · Level: intermediate
Options let you bet on rising oil prices without buying the actual stocks, but beginners should generally skip them due to high volatility.
Income / OppHub America angle
Not a trade tip — ways to use the insight outside the market.
- Review household travel budgets and consider fuel-efficient vehicle options.
- Monitor local utility and public transit costs for sympathetic increases.
What would break this thesis
- A rapid diplomatic resolution or ceasefire easing Middle East supply concerns.
- Significant demand destruction leading to an unexpected glut in global crude inventories.
What to do next on OppHub America
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Important
Not financial advice. OppHub America playbooks are educational market maps only — not recommendations to buy, sell, or hold any security. Markets move fast; information can be wrong or outdated. Trade and invest at your own risk. Do your own research or consult a licensed advisor.
Based on reporting from aljazeera-english.
Informational and educational only — not investment, financial, or legal advice. Disclosure
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