Are oil prices determining the course of the Iran war?

油价是否在决定伊朗战争的走向?

The Global Story

2026-03-10

26 分钟
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Oil prices surged to a four-year high on Monday, before dipping after President Trump said the Iran war will end “very soon”. Just days ago, Trump said that he would not stop the war until Iran’s “unconditional surrender”. Turmoil in the region had led to the near complete shutdown of shipping traffic through the Strait of Hormuz, and Iran has reportedly said it will not allow “one litre of oil” to be exported from the Gulf if US-Israeli attacks continue. We speak to BBC economics correspondent Andy Verity about the lessons both the US and Iran might be learning from the oil crises of the 1970s, and ask whether oil could determine how and when the war ends. Producers: Sam Chantarasak and Xandra Ellin Executive producer: James Shield Studio manager: Mike Regaard Mix: Travis Evans Senior news editor: China Collins Photo: 3D-printed oil pump jacks, Iranian flag, and a rising stock graph appear in this illustration. Credit: Reuters/Dado Ruvic/Illustration/File Photo
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  • Is the price of oil what will decide the outcome of the Iran war?

  • Donald Trump spent a chunk of Monday afternoon on the phone with reporters in an apparent attempt to calm the situation.

  • Then he held a press conference in Doral, Florida, where he said the war would be over soon.

  • — You called it an excursion.