Australia facing fuel price hike amid renewed Iran conflict

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The tenuous state of a US-Iran ceasefire renews anxiety over high fuel prices

The potential unraveling of a fragile truce between Iran and the United States has renewed anxiety over fuel prices

US airlines’ fuel spending jumps 84% in May to $6.7B

Middle East conflict drives sharp rise in jet fuel costs, while fuel consumption slips 0.6 year-on-year

Oil Prices Climb As Renewed US-Iran Tensions Raise Supply Concerns

Escalating hostilities between the US and Iran fuel concerns over oil supplies through the Strait of Hormuz.

Nifty may lose 200 points at open, as global markets come under pressure

Escalation in US-Iran tension add fuel to fire while focus will be on TCS

Strait of Hormuz toll threat could spark Australian fuel price pain, opposition warns

Australians have been warned they could face more petrol price pain despite the government’s 400m move to extend the fuel excise cut.

Australia expects to gain extra US$26 billion from exports after Iran war raises prices

Australia forecasts a A38 billion (US26 billion) lift in its export income as commodity and energy prices rise because of the war in Iran. The nation’s resources exports are set to rise almost 3 per cent to A416 billion in the financial year through June 2027, the Department of Industry, Science and Resources said in its latest resources and energy quarterly on Friday. The extra earnings assume trade is disrupted until end-June 2026, with a further A7 billion windfall possible if that...

Record-High US Fuel Exports Are Straining Domestic Stockpiles

Unprecedented overseas demand for US diesel, propane and other fuels is straining commercial reserves from the Gulf Coast to the Eastern Seaboard as the US-Iran conflict reintensifies, pushing energy prices higher.

Why fuel prices haven’t fallen yet despite falling global oil prices

Fuel prices in Ghana are once again caught between global oil swings and the structure of domestic pricing. Crude markets have eased, but pump prices have not yet caught up. Earlier in the year, before tensions between Iran, Israel and the United States escalated, Ghanaian consumers were briefly seeing relief. Petrol was selling at about []

Petrol gets cheaper at Dangote Refinery, filling stations drop prices too

Dangote Refinery has cut petrol prices while diesel prices rise in Lagos. Global crude oil prices near 80 per barrel raise concerns for future fuel costs.

🇷🇺⛽ — Russia's potential diesel export ban could trigger fuel shortages across multiple [...]

— Russia's potential diesel export ban could trigger fuel shortages across multiple regions, the Financial Times reports. A Russian ban on diesel exports risks causing fuel shortages in Africa, Latin America, and Southeast Asia. Moscow's decision coincides with Trump's announcement ending the US-Iran ceasefire, which has further reduced Persian Gulf supply flows. The combined effect has driven a sharp rise in wholesale diesel prices in Europe, with trading data showing prices approaching 135 per barrel.@IntelSlava

Falling Oil Prices Ease Global Inflation Risks Despite Strong US Dollar

The recent surge in the U.S. dollar would normally raise concerns about imported inflation around the world, particularly for countries that rely heavily on energy and commodity imports. However, a sharp decline in oil and natural gas prices following the U.S. Iran interim peace agreement is helping offset those pressures. As energy shipments through the [] The post Falling Oil Prices Ease Global Inflation Risks Despite Strong US Dollar appeared first on Modern Diplomacy.

How fuel problems in Russia affect Central Asian nations

How fuel problems in Russia affect Central Asian nations

Energy bills to stay high until end of 2027 – one thing to do now to save money

Ongoing conflict in the Middle East and uncertainty over the progress of peace talks continues to push up global energy prices

Australians in Iran, Iraq directed local Jewish attacks

Australians living overseas with links to Iran orchestrated domestic firebombings of Jewish targets on home soil, the nation's spy chief has revealed.

Oil off its highs but risks return

Oil prices came under significant pressure following the temporary deal between the US and Iran. But the recent flare-up in hostilities poses risks. The key factors for the outlook remain the sustainability of the Persian Gulf supply recovery and how soon Chinese buying returns to the market

How to deal with seesawing gas prices

Gas prices have fluctuated since the U.S. and Israel launched a war on Iran, which disrupted shipping through the Strait of Hormuz and left consumers unsure of what they'll pay at the pump.

HILL: Smith government should resist spending away potential windfall

The ongoing war in Iran, and disruption of a major energy corridor in the Strait of Hormuz, continues to fuel surging oil prices. While this will improve Alberta’s bottom line in the short term, it will only perpetuate the province’s resource revenue rollercoaster if not properly managed. With a new finance minister, let’s hope the []

Petrol, Diesel Prices On June 24: Check New City-Wise Fuel Rates

Fuel prices in India depend on several factors, with global crude oil prices being the most significant as crude is the primary raw material used to produce petrol and diesel.

Willingly or Unwittingly, Russia Imposes Hellish Sanctions against Turkey and EU

Russia's decision to suspend diesel fuel exports has created significant disruption across global energy markets, affecting major importers and raising concerns about higher transportation and agricultural costs during the peak harvest season. Diesel Export Ban Reshapes Global Fuel Markets Analysts cited by the Financial Times have suggested that Russia's decision to halt diesel exports may serve as a geopolitical tool intended to increase pressure on Western governments over continued Ukrainian strikes against Russian oil refineries. Those assessments differ from suggestions that the measure was introduced because of a domestic diesel shortage. While Russia has experienced tighter gasoline supplies, diesel fuel has not faced the same level of scarcity on the domestic market.

The Iran conflict saw jet fuel prices soar—when you use 1.88 million tonnes a year, how you respond really matters (just ask DHL)

Since the start of the U.S.-Iran conflict and the closure of key shipping lanes in the Strait of Hormuz, businesses have been affected by supply chain issues and rising fuel prices. Jet fuel became a particularly expensive commodity, more than doubling in price from 800 per tonne prior to the conflict to a peak of []

Australia's coal and gas exports violate our human rights, group says in new UN case

The group says that it is unlawful for Australia to continue approving fossil fuel exports without protecting its citizens.

U.S. and Iran exchange intensifying fire across Persian Gulf

U.S. and Iran exchange intensifying fire across Persian Gulf

US Iran War LIVE Updates: US waives sanctions on Tehran after talks; Lebanon fighting abates

US Iran War LIVE Updates: Iranian crude is flooding onto the global market again, just as the US waives sanctions on the cargoes, permitting far more countries to buy them.

Higher global prices cushion decline in Azerbaijan's urea export revenues

Rising urea prices on international markets have helped offset the impact of lower export volumes from Azerbaijan, limiting the decline in export revenues despite a sharp reduction in shipments during the first four months of 2026, AzerNEWS reports.

Commodities: Oil Sells Off As U.S. Eases Sanctions On Iran

Commodities: Oil Sells Off As U.S. Eases Sanctions On Iran

UAE Announces Fuel Price Hike for April 2026

UAE Announces Fuel Price Dubai: The United Arab Emirates announces fuel price for April 2026 on Tuesday, confirming a notable increase across all fuel categories. The revised rates reflect current global oil trends and will take effect from April 1st. Super 98 Petrol From Dh2.59 in March to Dh3.39/litre in April 2026 Special 95 Petrol [] The post UAE Announces Fuel Price Hike for April 2026 appeared first on Riyadh Xpress.

RBI flags rising fuel-price pressures amid war

RBI flags rising fuel-price pressures amid war

Scientists insist: Europe’s heatwave is caused by climate change

This is according to a World Weather Attribution (WWA) study. Fossil fuels are the main culprits

Stocks drop worldwide; Oil spikes, Telstra hit by fresh faults

Escalating strikes in the war with Iran and a spike in oil prices is expected to further rattle Australia’s sharemarket.

Iran: U.S. sanctions against its oil exports discussed at Swiss talks

Iran: U.S. sanctions against its oil exports discussed at Swiss talks

Eni Warns Prolonged Iran Conflict Could Push Oil Prices to $100 by 2027

The chief executive of Italian energy major Eni has warned that a prolonged conflict involving Iran could drive global oil prices toward 100 per barrel by early 2027, raising the risk of a renewed wave of inflation and weakening global energy demand.

Could oil prices spike further? Inside the fragile US-Iran stance in the Gulf

Geopolitical tensions in the Middle East have escalated after attacks on commercial vessels. Iran's objective appears to be expanding its strategic influence over the Strait of Hormuz. Gulf nations are remaining cautious to avoid direct involvement in the confrontation. Crude oil prices are expected to remain elevated due to ongoing geopolitical risks. India, a major oil importer, faces increased vulnerability from these market developments.

With US sanctions temporarily lifted, is Iranian crude back on the menu?

The US-Iran deal waives sanctions on Iranian oil sales, but Washington will need further steps to meaningfully shift global crude trade and ensure clearer visibility into Iranian oil transactions. The post With US sanctions temporarily lifted, is Iranian crude back on the menu? appeared first on Atlantic Council.

Hormuz: China Oil Demand Tapped out, Heavy Truck EVs Rise

If the country stops needing to use diesel for trucks, that is game over for petroleum