Global Petrol Prices: 2026 US-Iran War Impact

Tracking the crude oil shock from the Strait of Hormuz closure, February to March 2026
Data as of 9 March 2026  |  Sources: GlobalPetrolPrices.com, TradingEconomics, IMF, Al Jazeera  |  Prices in USD unless noted
Brent Crude (9 Mar 2026)
$104.25
per barrel
+27.1% since conflict start (27 Feb, $82.00)
+40.5% since 16 Feb dataset baseline
US Average Pump Price
$3.41
per gallon (8 Mar 2026)
+14% in one week
Largest Country Price Hike
+20.66%
Pakistan: PKR 266 to 321 per litre
Highest single increase
Strait of Hormuz Capacity
~20%
of global oil supply transits the Strait
~15M bbl/day confirmed disrupted (~15%)
Currently closed / restricted
Brent Crude Oil Price (USD/barrel)
Daily prices from pre-war baseline through 9 March 2026. WTI shown for reference.
War start: 28 Feb 2026 — US-Israeli strikes on Iran; Strait of Hormuz closed 1 Mar
Brent Crude
WTI Crude
Active Conflict Period
Retail Petrol Price Increase by Country
% change from pre-war to 7 March 2026 — All Regions
>15%
10–15%
5–10%
1–5%
No change
* Japan, South Korea, Australia, Egypt: no retail price data in source dataset. Values estimated at 30–60% crude pass-through of the +27.1% conflict-driven rise. Treat as indicative only, not sourced figures.
Country Risk Exposure
Economic vulnerability and retail price impact — All Regions. Click headers to sort.
Country Region Price Rise % Oil Import Dep. Risk Tier
est. = estimated from 30–60% crude pass-through; not in source dataset (Japan, S. Korea, Australia, Egypt). = hover country name for caveat. Diesel data unavailable; retail petrol used as proxy. India and Afghanistan show 0% for different reasons — see hover notes.
Oil Price Shock: 2026 US-Iran vs 2022 Ukraine
Brent crude indexed to 100 at last pre-conflict trading day. Day 0 = conflict outbreak. The 2026 series ends at Day +9 still accelerating; the 2022 shock had already peaked (142) and reversed by Day +11.
2026: US-Iran War
2022: Ukraine War (approximate)
Conflict period
2022 Ukraine Brent prices are approximate public-record figures, not from the source dataset. 2026 data sourced from Kaggle dataset. Day gaps reflect non-trading weekends. Caution: comparing final values directly is misleading — the 2026 line ends at the dataset boundary with the trend still active, while 2022 had already reversed from its peak.