Oil prices have increased because of the war involving the United States and Israel in Iran.
Posted by Behind the Bastards, Checked
- Sources
- 5 support1 context
- Said
- 1 time·
- Confidence
- 85%
Behind the BastardsOct 3, 2026
Sources published around the 2026-10-03 posting date consistently attribute the rise in oil prices to the US-Israeli war on Iran and Iran's disruption of Strait of Hormuz shipping, and show Brent up sharply over the period.
This claim is about the present, so it is judged as of the day it was checked.
What was said
… Hello again. You're still listening to It Could Happen Here, and I'm still Kim Kelly. Now that we started off with a little treat, let's get into some of the bad news that came crawling out of the labor world this past month. So, you know how oil has gotten really expensive because of the Us slash israel's fun new forever war in Iran? Well, when oil is available, someone's gotta get it from point A to point B, and I don't know about you, but I think it's probably for the best that those someone's' working conditions are safe and stable and decently paid, so they don't have to go drive for …
Behind the Bastards · · from the transcriptPost →What we found
Supports. The ECB blog (July 2026) states that the closure of the Strait of Hormuz after US, Israeli and Iranian strikes in late February 2026 interrupted about 20 million barrels per day and drove energy price rises.[2]
Supports. IRIS (October 28, 2026) states that the surge in crude and refined product prices is the primary consequence of the Iran war and Iran's strategy of blocking the Strait of Hormuz.[3]
Supports. Reuters reports Brent rose 13.6% in October to a six-month high, with the increase tied to concerns over the Iran conflict and attacks on tankers in the Strait of Hormuz.[1][4]
Supports. Al Jazeera (October 30, 2026) reports Brent more than 60% above pre-war levels and attributes the price climb to anxiety about renewed hostilities in the US war on Iran and supply costs.[5]
Context. Al Jazeera notes that Gulf oil flows had rebounded above pre-war levels by mid-October, so prices rose partly for reasons beyond physical supply loss, such as risk premiums and transport costs. This nuance does not contradict the claim that the war caused the increase.[5][6]
Sources
6 sources: 1 fact-checker, 5 not rated
- 1Oil drops over 4% on hopes of progress in talks on ending US-Iran warreuters.com · fact-checker · cited for: supports
- 2Energy shock: why oil and gas prices have risen less than ...ecb.europa.eu · not rated · cited for: supports
- 3War in Iran and Tensions in the Middle Eastiris-france.org · not rated · cited for: supports
- 4Oil jumps 2%, settles at six-month highs on fears of ...theglobeandmail.com · not rated · cited for: supports
- 5Oil flows are up as Iran war turmoil eases. Why do prices ...aljazeera.com · not rated · cited for: supports, context
- 6Brent rises to $105.47thedailystar.net · not rated · cited for: context
Where this claim was made
Said in 1 published post