Is NATO ready to jump into the war over Hormuz? See Lunch Break
NATO has formed a coalition of 22 nations to ensure free passage in the Strait of Hormuz amidst rising tensions with Iran.
Government Responds to April Crude Oil Crisis Rumors... 'Releasing Reserves and Securing Alternative Supplies'
The South Korean government plans to release oil reserves and secure alternative supply sources in response to fears of a crude oil shortage in April due to geopolitical tensions in the Middle East.
The army is always ready: Cuba is preparing for possible military aggression from the USA
Cuba faces electricity supply disruptions amid rising tensions with the U.S., which has intensified pressure on the island following a recent oil blockade.
Oil: Rise Amid Trump's Ultimatum - Nightmarish Scenarios for Supply
Oil prices are rising sharply as markets react to Trump's ultimatum to Iran regarding the Strait of Hormuz, with Brent nearing $113 a barrel and WTI close to $100.
Wasabi Beef production resumes after securing heavy oil sourcing
Production of 'Wasabi Beef' potato chips has resumed after securing sources of heavy oil that had been disrupted due to geopolitical tensions.
Afternoon Update: IEA chief warns oil shock worse than 1970s crises combined; ABC staff to strike; and a โfeline Oscarsโ star
The IEA's chief warns that the current global energy crisis caused by the war in Iran is more severe than the oil shocks of the 1970s.
Possible Norwegian Interest Rate Hike: โ Even an End to the War May Not Be Sufficient
Norwegian economist warns that if tensions and oil supply disruptions persist in the Middle East, interest rates may need to rise to combat inflation and manage oil prices.
Director of the Energy Agency: We can see the worst energy crisis in decades
The Director of the International Energy Agency, Fatih Birol, warns that the world is facing potentially the worst energy crisis in decades due to the ongoing Middle East conflict.
SOS signal from the IEA: No country is immune to the worst energy crisis in decades
The head of the International Energy Agency (IEA) warns that the global energy crisis, exacerbated by the ongoing conflict in the Middle East, is affecting every nation with unprecedented oil supply losses.
International Energy Agency Director: The Global Economy Faces Significant Danger Due to War in the Region
The Director of the International Energy Agency, Fatih Birol, warned that the current Middle East crisis poses a greater threat to the global economy than the oil crises of the 1970s combined.
Oil prices on the rise
Oil prices saw an increase as the U.S. and Israel warned that the conflict with Iran would continue for several weeks, disrupting oil supply through the Strait of Hormuz.
Iran chokes Strait of Hormuz with reported $2M tanker toll, regime threatens global oil supply
Iran is reportedly imposing a $2 million toll on tankers passing through the Strait of Hormuz to strengthen its control over this crucial shipping route.
Politics live: new standards for datacentres being built in Australia; report warns of drone threat
The Australian government is under pressure over oil supply issues while introducing new regulations for datacentres and facing rising concerns about drone threats.
Iran war's damage to economy could worsen yet markets remain complacent
Despite the significant economic threats posed by the Iran war, market reactions remain unexpectedly calm.
Total CEO warns: What will happen to the global economy after 180 days of war on Iran?
The CEO of Total warns that a prolonged conflict in Iran could significantly impact the global economy, especially if the war extends beyond six months.
International Agency recommends remote work and increased carpooling to face energy crisis caused by war
The International Energy Agency urges individuals to reduce oil demand by working from home, flying less, and driving slower due to the ongoing energy crisis caused by conflict in Iran.
'If the Strait of Hormuz is not opened within 48 hours...', Trump's threat to Iran
U.S. President Donald Trump has issued a stern warning to Iran regarding the Strait of Hormuz, threatening military action if Iran does not secure and open the strategic waterway within 48 hours.
Perspective: Is a new electric car boom about to begin?
The article discusses the potential for a resurgence in the electric car market due to rising oil prices and geopolitical tensions affecting oil supply.
As Labor faces pressure to respond boldly to oil shock, it needs to find more unconventional levers to pull
Australia's government is under increasing pressure to address rising oil prices and supply issues following recommendations from the International Energy Agency.
Show that you have balls! Trump has a quirky recipe for solving the oil problem
Donald Trump proposed that shipping companies bravely navigate the Hormuz Strait despite the Iranian blockade as a solution to the oil supply issue.
Vietnam, Russia to Sign Energy Deal as PM Leaves for Moscow
Vietnam's Prime Minister Pham Minh Chinh has embarked on a visit to Russia to sign several key agreements, including one focused on oil and gas cooperation amidst global supply challenges.
Hormuz, reduced transits by 95%. "We stop our enemies". And the G7: "Measures for energy"
Iran has drastically reduced oil transit through the Strait of Hormuz, affecting global oil supply and prices, while the G7 calls for energy measures in response.
[Editorial] Long-term blockade of Hormuz, all options for securing crude oil must be considered.
Tensions between the U.S. and Iran escalate as both sides threaten civilian infrastructure, resulting in a heightened risk of war and potential disruptions in global energy supply through the strategic Hormuz Strait.
Through the 'dark situation' in Hormuz.. Iranian oil sneaks in and Asia awaits the shock
The article discusses the impact of geopolitical tensions on oil supplies through the Strait of Hormuz, emphasizing the economic ramifications for Asian economies as they brace for fluctuations in oil prices.
G7 countries unite over oil supply crisis
The G7 countries have come together to implement security and diplomatic measures in response to the ongoing oil supply crisis.
PM Modi will hold a high-level meeting in the evening, focusing on oil to gas
Prime Minister Narendra Modi is set to conduct a high-level meeting with senior ministers to discuss the impact of the ongoing Middle East conflict on India's energy supply.
Donald Trump gives Iran 48 hours to open the Hormuz Strait
Donald Trump issued an ultimatum to Iran, threatening military action if the Strait of Hormuz is not opened within 48 hours.
Amidst the war in Hormuz, the government's Plan B is active, says - petrol-diesel and LPG...
Amid ongoing conflicts in Hormuz, the Indian government is implementing its contingency Plan B to ensure fuel supply security and address rising energy tensions.
From Japan to Germany... 22 countries together in Hormuz, making this appeal to Iran with a warning
Twenty-two countries, spanning from Japan to Germany, have issued a joint warning to Iran, urging it to cease attacks in the Strait of Hormuz, which is vital for global oil supply.
Six fuel ships bound for Australia cancelled as Bowen concedes โflow of oil to Asian refineries has slowedโ
The Australian government is facing disruptions in oil supply as six fuel ships scheduled for delivery have been cancelled, prompting preparations to secure alternative shipments.
Jet fuel crisis may boost Dangote exports to Europe
Nigeria's Dangote refinery is expected to supply more jet fuel to Europe due to ongoing global disruptions in the jet fuel supply chain.
Australia facing 'crunch time' as oil shortages move up supply chain
Australia is approaching a critical point as oil supply shortages caused by the US-Israel conflict begin to impact fuel availability and prices in the country.
It's February 2020 all over again, but this time one man can end it
The article draws parallels between the current geopolitical crisis and February 2020, pointing out significant similarities in the sense of urgency and potential consequences, particularly regarding oil supply.
War shows that the Strait of Hormuz is not so safe and highlights its global importance
The ongoing conflict has raised concerns over the safety of the Strait of Hormuz, a critical passage for global oil supply, following recent military actions by the US and Israel against Iran.
The USA has given the green light to the sale of Iranian oil already at sea
The United States has temporarily lifted sanctions on Iranian oil already loaded on ships to alleviate the supply crisis caused by conflicts in the Middle East.
Strait of Hormuz: It's Not Just Oil โ They Feed 100 Million People
The Strait of Hormuz is crucial not only for global energy security but also as a primary food supply route for over 100 million people in the Gulf region.
India has found a way... No longer dependent on Hormuz, oil reserves are coming from here
India is diversifying its oil imports away from the Middle East due to rising prices and supply disruptions caused by conflict in the region.
Taxes account for half of fuel prices: see where Estonia stands in the grand comparison of European countries
Fuel prices are at an all-time high throughout Europe, with taxes making up more than half of the cost at gas stations in many countries.
India on alert amid war in the Middle East, deploying 7 ships in Hormuz
Amid increasing tensions in the Middle East, India has stationed seven ships near the Hormuz Strait to ensure the safety of its trade vessels and energy supply.
Energy crisis: more smart working and lower speed limits. The recipe for austerity
The International Energy Agency recommends strategies like increased remote working and lower speed limits to mitigate the economic impact of global oil supply disruptions due to the Middle East conflict.
Escalation scenario concerning Gulf islands: Iran warns UAE of strong retaliation
Iran has warned the UAE that it will target their territory if it is used for attacks on Iranian-controlled islands in the Gulf that are claimed by the Emirates.
Iran May Allow Japanese Vessels to Use the Strait of Hormuz
Iran is in talks with Japan to potentially allow Japanese vessels passage through the Strait of Hormuz, critical for Japan's oil supply.
US Allows Sale of Iranian Crude Oil for One Month... Iran Says 'No Supply Capacity'
The U.S. has temporarily permitted the sale of Iranian crude oil in response to soaring international oil prices amid the Iran war, but Iran claims it lacks surplus supply.
SโAfrica, others turn to Dangote for fuel supply
Several African nations, including South Africa, are increasingly relying on Dangote's petroleum refinery due to disruptions in traditional oil supply chains.
US lifts sanctions on Iranian oil at sea in bid to ease supply pressures
The US has temporarily lifted oil sanctions on Iran to alleviate global energy supply pressures amid ongoing conflicts.
Donald Trump โvery surprisedโ Australia declined to send troops to strait of Hormuz amid fuel crisis
Donald Trump expressed his surprise at Australia's decision not to send warships to the strait of Hormuz amid ongoing tensions affecting global oil supply.
War in the Middle East: Three Weeks After the Blockage of the Strait of Hormuz, Is Global Oil Supply Threatened?
The ongoing conflict in the Middle East raises concerns about potential threats to global oil supply following the blockage of the Strait of Hormuz by Iran.
Fuel sector warns of risk of supply shortages and calls for government action
Entities from the fuel sector in Brazil have issued a joint statement urging the federal government to take measures to prevent supply shortages.
What could happen to Australian fuel supplies after mid-April, according to experts
Experts discuss the potential future of Australian fuel supplies after mid-April amid rising prices and consumption restrictions.
Lowering speed limits among contingency plans to curb UK oil demand
The UK government is considering lowering speed limits as a strategy to reduce fuel consumption amid a global oil supply crisis stemming from Middle Eastern tensions.