How oil is at the center of the US-Israel war with Iran

The TakeAs oil prices rise, the US, Israel and Iran seem ready to keep fighting no matter the costs.The price of oil has soared over $100 a barrel globally as a result of the US-Israeli war on Iran. Iran has effectively shut down shipping lanes in the Strait of Hormuz, while Israel has attacked critical Iranian oil depots. Despite public pressure and outrage, all parties seem prepared to continue the war. What will it mean for the global economy and the people caught in the crossfire?Listen to more about the Strait of Hormuz here.In this episode: Zein Basravi (@virtualzein), Al Jazeera Senior Correspondent Episode credits:This episode was produced by Chloe K. Li, with Sarí el-Khalili, Catherine Nouhan, Tuleen Barakat, Spencer Cline and our host, Malika Bilal. It was edited by Alexandra Locke.Our sound designer is Alex Roldan. Our video editors are Hisham Abu Salah and Mohannad al-Melhem. Alexandra Locke is The Take’s executive producer.Special thanks to Sheila H.Connect with us:@AJEPodcasts on X, Instagram, Facebook, and YouTubePublished On 12 Mar 2026