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How the war in Iran is affecting oil and natural gas markets

NPR | By Camila Domonoske,

Scott Simon

Published March 7, 2026 at 6:44 AM CST

The war in Iran has roiled energy markets. Oil has spiked, natural gas is soaring in Europe and Asia, and gasoline prices have seen their highest one-week jump in years.

Camila Domonoske

Camila Flamiano Domonoske covers cars, energy and the future of mobility for NPR's Business Desk.

Scott Simon

Scott Simon is one of America's most admired writers and broadcasters. He is the host of Weekend Edition Saturday and is one of the hosts of NPR's morning news podcast Up First. He has reported from all fifty states, five continents, and ten wars, from El Salvador to Sarajevo to Afghanistan and Iraq. His books have chronicled character and characters, in war and peace, sports and art, tragedy and comedy.