### [2026-07-1](/feed/2026/07/1/index.md)

##### Economic impact of the 2026 Iran war
# Saudi Aramco and Algerian oil company Sonatrach announce that they will cut prices for liquefied petroleum gas for July, with Saudi Aramco reducing it between 24% and 27% and Sonatrach reducing it between 2% and 10%. 




### Sources:

1. [Reuters](https://www.reuters.com/business/energy/saudi-aramco-sonatrach-cut-lpg-prices-july-2026-07-01/)

### Changes:

1. The Saudi Aramco and Algeria oil company Sonatrach announces that they will cut prices for liquefied petroleum gas for July, with Saudi Aramco reducing it between 24% and 27% and Sonatrach reducing it between 2% and 10%.  _2026-07-01 19:47:51 (First version)_
1. Saudi Aramco and Algerian oil company Sonatrach announce that they will cut prices for liquefied petroleum gas for July, with Saudi Aramco reducing it between 24% and 27% and Sonatrach reducing it between 2% and 10%.  _(Current version)_

### Related:

1. [Oil prices decrease by 5% in Asia early trading amidst hopes of a Iran–U.S. ceasefire deal to end the war. ](/feed/2026/05/25/oil-prices-decrease-by-5-in-asia-early-trading-amidst-hopes-of-a-iran-us-ceasefire-deal-to-end-the-war.md) _Context: Economic impact of the 2026 Iran war_
2. [Saudi Aramco CEO Amin Nasser says that the oil market will not normalize until 2027 if the Strait of Hormuz remains closed beyond mid-June. ](/feed/2026/05/11/saudi-aramco-ceo-amin-nasser-says-that-the-oil-market-will-not-normalize-until-2027-if-the-strait-of-hormuz-remains-clos.md) _Context: Economic impact of the 2026 Iran war, Saudi Aramco_
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4. [Nepal resumes issuing work permits for its nationals seeking employment in the Middle East after a temporary suspension linked to the Iran war, citing guidance from the foreign ministry and demand from workers. ](/feed/2026/04/21/nepal-resumes-issuing-work-permits-for-its-nationals-seeking-employment-in-the-middle-east-after-a-temporary-suspension.md) _Context: Economic impact of the 2026 Iran war_
5. [United States crude oil settles above US$100 per barrel for the first time in four years. ](/feed/2026/03/30/united-states-crude-oil-settles-above-us-100-per-barrel-for-the-first-time-in-four-years.md) _Context: Economic impact of the 2026 Iran war_
6. [India purchases a shipment of liquefied petroleum gas from Iran for the first time since 2019 following a temporary easing of U.S. sanctions, with the cargo set to be distributed among state-run fuel companies, in response to supply disruptions caused by the Strait of Hormuz crisis. ](/feed/2026/03/25/india-purchases-a-shipment-of-liquefied-petroleum-gas-from-iran-for-the-first-time-since-2019-following-a-temporary-easi.md) _Context: Economic impact of the 2026 Iran war, liquefied petroleum gas_
7. [COSCO Shipping resumes new container shipment bookings from the Far East to several Gulf countries after Iran allowed non-hostile vessels to pass through the Strait of Hormuz since yesterday. ](/feed/2026/03/25/cosco-shipping-resumes-new-container-shipment-bookings-from-the-far-east-to-several-gulf-countries-after-iran-allowed-no.md) _Context: Economic impact of the 2026 Iran war_
8. [Danish shipping firm Maersk says that it is suspending all vessel transits through the Strait of Hormuz until further notice due to the ongoing conflict in the Persian Gulf. ](/feed/2026/03/1/danish-shipping-firm-maersk-says-that-it-is-suspending-all-vessel-transits-through-the-strait-of-hormuz-until-further-no.md) _Context: Economic impact of the 2026 Iran war_
9. [Algeria begins formal procedures to terminate its 2013 air transport agreement with the United Arab Emirates. ](/feed/2026/02/7/algeria-begins-formal-procedures-to-terminate-its-2013-air-transport-agreement-with-the-united-arab-emirates.md) _Context: Algeria_
10. [President Trump also announces a new set of tariff rates on imports from Algeria, Brunei, Iraq, Libya, Moldova, the Philippines, and Sri Lanka, assigning country-specific duties ranging from 20 to 30% following the expiration of a 90-day negotiation period. ](/feed/2025/07/9/president-trump-also-announces-a-new-set-of-tariff-rates-on-imports-from-algeria-brunei-iraq-libya-moldova-the-phil.md) _Context: Algeria_