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US President Donald Trump said Tuesday the US Navy was ready to escort oil tankers through a crucial Gulf shipping route, as he justified his war on Iran by saying he believed Tehran was about to strike first.
Once considered a ‘legend in Singapore’s oil industry’, Lim was convicted of cheating HSBC and abetting forgery in 2024
Australian oil companies are being accused of profiteering off the war in Iran as the average price of unleaded petrol surges well past $2 a litre in Sydney, Melbourne and Brisbane today.Half of the petrol stations in Melbourne today are charging 219.9 cents a litre, while half in Sydney have raised prices to betwee…
A person walks by an electronic stock board showing Japan’s Nikkei index at a securities firm in Tokyo Wednesday, March 4, 2026. (Masanori Kumagai/Kyodo News via AP)
President Donald Trump said the U.S. would provide insurance guarantees and naval escorts to ensure safe passage for oil tankers and other vessels through the Strait of Hormuz, intending to head off a potential energy crisis caused by the war with Iran.
LONDON (Reuters) -- Global oil and gas prices jumped Tuesday as the US-Israeli war on Iran halted energy exports from the Middle East, with Tehran attacking ships and energy facilities, closing navigation in the Gulf and forcing production stoppages from Qatar to Iraq.
Simple, fresh and colourful, this dip is perfect for balanced, health-conscious snacking and entertaining. It’s filled with low-GI ingredients that offer slow-releasing energy and fibre, while antioxidant-rich pomegranate and lemon add zing.
TOKYO, Japan — Oil prices inched higher in early Asian trade on Wednesday, adding to strong gains this week as ongoing violence in the Middle East disrupted supplies.
How China is using a massive ‘electron gap’ to pivot the AI race with USEx-finance official Zhu Guangyao says abundant energy supply gives the nation a critical edge in AI, as ‘electricity is computing power’.
Australia’s largest company, BHP, will close a training facility in North Queensland over the ongoing spat with the Crisafulli government as the miner ramps up its campaign to force the state to overhaul its coal royalties regime.
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Ukraine has rejected a proposed EU mission to inspect the Soviet-era pipeline that transports Russian oil through Ukrainian territory to Central Europe, the Financial Times reported on Tuesday, citing diplomats and officials.
Berlin: Iran’s priority is to survive. To do that, its leaders will want to drive up the cost of the war for US President Donald Trump – in terms of American casualties, energy costs and inflation – to try to persuade him to declare victory and go home.
Residents may face higher energy and dining costs as analysts stress the city cannot remain immune to surging oil prices
Marine tracking data shows a drastic reduction in the movement of large oil tankers moving through the Strait of Hormuz, putting upward pressure on the price of crude.
US President Donald Trump said Tuesday that the US Navy will escort tankers through the Strait of Hormuz "if necessary," amid growing concerns about the impact of the US-Israel conflict with Iran on oil shipments in the strategically vital waterway.
Global oil flows through the Strait of Hormuz
A neighborhood in Hawaii’s capital city has been plagued by a sprawling waterfront homeless shanty town that includes a makeshift houseboat used to avoid encampment sweeps.
The steady flow of Gulf oil to Europe, the US and Asia through the narrow Strait of Hormuz has created the world’s largest oil transit chokepoint.
Californians are furious — and fed up — as auto insurance bills skyrocket, hammering drivers with increases that feel impossible to justify. In a state already notorious for punishingly high housing, gas and grocery costs, residents are now being hit with rate hikes topping 30% in just a few years — even if they hav…
A sell-off for stocks wrapped around the world and hit Wall Street, while oil prices climbed even higher on worries about the widening war with Iran.
President Donald Trump has announced that the United States government will offer insurance to ships in the Persian Gulf after Iran largely succeeded in shutting down the Strait of Hormuz, sending oil prices soaring.
At least four tankers have been struck by drones and maritime traffic has dropped by 80%, reports say
Central Bank to present report on economy SLBFE, Foreign Ministry to address issues Rs.30 Bn on developing energy infrastructure Full State machinery to manage situation
The Trump administration is considering providing armed escorts for tankers carrying oil and gas through the Strait of Hormuz, according to a Politico report on Tuesday.
A selloff for stocks is slamming into Wall Street after wrapping around the world, as oil prices leap even higher with worries that the widening war with Iran may do more sustained damage to the economy than feared.
The US stock market plunged, bonds sold off, and energy prices continued to soar on Tuesday, in a sign that markets are increasingly alarmed by the escalating war on Iran after an earlier muted reaction.
A suspected Russian "shadow fleet" oil tanker seized by Belgium is being held on a 10-million-euro ($12 million) bond after inspections revealed infractions, Brussels said Tuesday.
As gas prices in the U.S. are expected to rise, California Governor Gavin Newsom came under fire Monday from the U.S. Oil and Gas Association for his comments blaming President Donald Trump and the war in Iran as triggers for the increase.
Global energy markets have come under pressure as the Middle East conflict escalates, with fears mounting over potential disruptions to oil and gas supplies. US and Israeli strikes on Iran have prompted Tehran to retaliate with missile and drone attacks on Israel and US bases across the region. Iran has also targete…
BARCELONA, Spain, March 3, 2026 /PRNewswire/ -- During MWC Barcelona 2026, Huawei released 115 industrial intelligence showcases, together with its customers, during Industrial Digital and Intelligent Transformation Summit 2026. The summit, titled Advancing Industrial All Intelligence, was held by Huawei to explore …
The head of Russia’s state nuclear corporation Rosatom warned Tuesday that the Bushehr nuclear power plant in Iran faces threats due to ongoing U.S.-Israeli attacks across the country.
The Dow tumbled more than 1,000 points on Tuesday after gasoline prices spiked overnight and oil rocketed above $83 a barrel as the widening conflict in Iran began to disrupt global energy supplies.
Saudi say two drones hit US Embassy in Riyadh, causing a small fire and minor damage
Operations at the Bushehr Nuclear Power Plant in southern Iran have been suspended due to US and Israeli airstrikes continuing in its vicinity, Russia’s state nuclear corporation, Rosatom, has said. The company has been the key contractor at the plant, currently constructing its second and third power units.
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The closure of the Strait of Hormuz is choking off China’s imports of methanol – a vital input for the country’s industrial sector
Experts warn of similarities with 2022, when electricity prices went up by more than 40% due to the Russian invasion of Ukraine
The Druzhba oil pipeline remains fully capable of transporting Russian crude, Hungarian Prime Minister Viktor Orban has said, urging Ukraine to immediately restore shipments.
FILE- In this Wednesday, June 8, 2011 file photo, sun sets behind an oil pump in the desert oil fields of Sakhir, Bahrain. (AP Photo/Hasan Jamali, File)
Moscow for decades has been Iran’s main international backer, shielding it from United Nations resolutions while trying to soften Western sanctions and selling weaponry worth billions of dollars to Tehran.
Beijing is still dependent on fossil fuels but Washington’s recent interventions may prompt officials to fast-track shift, analysts say
QatarEnergy has suspended additional industrial output following attacks on facilities in northern Qatar earlier this week.
For over a decade, I’ve navigated the complexities of North Korean affairs, security, and foreign policy from both Seoul and Washington, D.C. As the National Desk Political Team Lead, I track the pulse of geopolitics, closely following developments from the Unification Ministry and the Foreign Ministry. My mornings …
In the Middle East energy exports to Europe have been disrupted by the conflict between the US, Israel and Iran that has spilled into surrounding regions. Economic experts are predicting a spike in inflation.
They nuked New Yorkers’ energy bills.
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FTSE 100 on track for its worst day in 11 months, while Japan’s Nikkei and South Korea’s Kospi also fall
Indian companies have reduced natural gas supplies to industries in anticipation of tighter supply from the Middle East after top global producer Qatar halted liquefied natural gas (LNG) production, as European gas prices have jumped further by more than 30 percent since the launch of the US-Israeli war on Iran.