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High oil prices due to war in Iran

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A war happens between the USA and Iran. The USA attacks Iran in the night. People attack ships with oil on the sea. This has bad results for the world. Oil gets very expensive now. One barrel costs more than 96 US dollars. A barrel is a big metal drum for oil.

People see this at the gas station. Diesel costs much more in Austria. One liter costs more than 2 euros now. Gasoline is also more expensive. The government plans help for the people. A price stop for fuel shall lower the costs.

Drivers have big problems. Airline companies also suffer from high prices. EasyJet earns less money than before. Fuel for planes is very expensive now. Many people book flights very late. This makes the economy worry.

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Definitions

Barrel
A barrel is a big metal drum for oil.

Locations

Iran
A country in the Middle East.
Austria
A country in Europe.
USA
A big country in North America.

Sources

Südtirol News

Eskalation in Nahost lässt Diesel auf über 2 Euro steigen

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Logo The Guardian
The Guardian

EasyJet profits plunge 70% as fuel costs soar amid Iran war

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Logo FAZ
FAZ

Ölpreise steigen durch Iran-Krieg und Huthi-Attacken

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Logo ZDFheute
ZDFheute

Ölpreise steigen wegen erneuter Eskalation im Iran-Krieg

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