How is the world feeling the impact of rising oil prices?

How is the world feeling the impact of rising oil prices?

Author: BBC World Service March 12, 2026 Duration: 18:48

Ever since the US and Israel began their war against Iran, economies around the world have been coping with the impacts of energy prices and food security.

South Korea has introduced an energy price cap, universities have closed in Bangladesh and India has been granted access to sanctioned Russian oil to ease pressures.

We hear where is being impacted the most and how quickly, and if this will see the world move away from its reliance on imports.

If you'd like to get in touch with the team, our email address is businessdaily@bbc.co.uk

Presenter: Rahul Tandon Producers: Matt Lines and Sarah Rogers Additional reporting: Sarah Rogers

Business Daily is the home of in-depth audio journalism devoted to the world of money and work. From small startup stories to big corporate takeovers, global economic shifts to trends in technology, we look at the key figures, ideas and events shaping business.

Each episode is a 17-minute, daily deep dive into a single topic, featuring expert analysis and the people at the heart of the story.

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(Picture: Motorists wait in line to purchase fuel at a petrol station in the Mohammadpur area of Dhaka, Bangladesh, amid concerns over global oil supply disruptions linked to escalating tensions in the Middle East. Credit: Getty Images)


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