Why Bombing Iran’s oil fields will hit your grocery bill

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Published Mar 11, 2026

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 learn 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.

Category: News24
Tags: al jazeera live, al jazeera english, al jazeera

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Why Bombing Iran’s oil fields will hit your grocery bill | The Take

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