Fuel tax halved and free public transport offered as war pushes up prices in Australia
Victoria and Tasmania are incentivising commuters not to drive in a bid to ease cost pressures.
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Africa: Oil Prices Fall As Trump Halts Planned Strikes On Iranian Power Plants
Global oil prices recorded a sharp decline on Monday after Donald Trump stepped back from threats to bomb Iranian power plants. The development has sparked cautious optimism for the global economy threatened by the rising fuel prices. The sudden shift followed signals of diplomatic engagement between the United States and Iran, prompting markets to quickly…
U.S. to bring more diesel to market to address fuel prices: Wright
HOUSTON — The Trump administration plans to bring additional diesel to the market as fuel prices surge, Energy Secretary Chris Wright told CNBC on Monday. “We do have some ideas on diesel, that we can bring extra diesel to the marketplace,” Wright told CNBC’s Brian Sullivan in an interview. “I think we’ll see that happen…
Markets drop as gas prices, mortgage rates rise
IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Markets drop as gas prices, mortgage rates rise 00:53 UP NEXT Cost of war in Iran hits America’s heartland 02:31 Strike hits Jerusalem’s Old City 02:01 Trump weighs deploying ground troops 01:45 Action hero Chuck Norris dies at…
US lifts sanctions on some Iranian oil as gas prices soar
The treasury secretary says the move will quickly bring about 140m barrels of oil to global markets.
Oil and gas prices rise after gas field strike
“As previously warned, if the fuel, energy, gas, and economic infrastructures of our country are attacked by the American-Zionist enemy, in addition to a powerful counterattack against the enemy, we will severely strike the origin of that aggression as well,” the military said in a statement published by Tasnim.
Africa: These Are Shaky Times for Oil Markets. an Expert Explains What a Prolonged War Will Mean for Prices
The US-Israel strikes on Iran have launched one of the most dramatic conflicts in the Middle East in living memory. Aside from military targets, Iranian forces have attacked commercial shipping and infrastructure in the region. The objective is simple: to disrupt oil exports and weaken its opponents’ economies. While the oil market is perfectly capable…
Iran war keeps gas prices up, with Strait of Hormuz paralyzed despite Trump’s demands
The European Union is seeking more strategic clarity about the U.S. and Israel’s plans for Iran and when the conflict might end as the bloc weighs whether to send ships to help shore up security in the Persian Gulf. Without confirming any specific international commitments, President Trump said in a social media post on Saturday…
AI demand drives ruthenium prices to new highs
Ruthenium, a minor metal in the platinum-group metals (PGMs), has surged to an all-time high as supply constraints and growing demand linked to artificial intelligence tighten the market, analysts and producers said. A block with the symbol, atomic number and mass number of Ruthenium (Ru) element in this illustration. Image credit: Reuters/Dado Ruvic/Illustration Used in…
Oil above $100 as as market shrugs off U.S. measures to reduce prices
The Callisto tanker sits anchored in Port Sultan Qaboos as the traffic is down in the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Muscat, Oman, March 12, 2026. Benoit Tessier | Reuters Brent crude oil held above $100 on Friday as the Iran war heads toward its third week, with oil tanker…