Global oil shocks less damaging after lessons learned in ’70s
WASHINGTON — The world economy is experiencing a disorienting flashback to the 1970s. Oil prices are once again surging in…
Bank of Japan wary of inflation pressure amid war in Middle East
The Bank of Japan is increasingly cautious about inflationary pressure stemming from rising crude oil prices amid Middle…
Trump threatens Iran as Vance heads to Pakistan for talks
U.S. President Donald Trump ramped up pressure on Iran as Vice President JD Vance traveled to Pakistan for…
How the PM’s Singapore visit could help Australia’s fuel supply
Prime Minister Anthony Albanese is in Singapore today to discuss locking in fuel supplies with his counterpart, Prime…
US stocks swing higher and oil prices trim their jumps on hopes for the ceasefire with Iran
NEW YORK (AP) — Financial markets are moving cautiously Thursday, a day after surging on optimism about a…
Oil rises on Hormuz disruptions, Israel strikes
Oil prices rose on Thursday as shipping disruptions in the Strait of Hormuz and escalating Israeli strikes on…
Japan taps smaller ships to get U.S. oil faster on supply concerns
Some Japanese refiners are seeking to speed up deliveries of U.S. crude following disruptions caused by the Iran…
Grim warning from Reserve Bank as it braces for full impact of oil shock
The next meeting of the Reserve Bank Monetary Policy Committee (May 27) will include a full statement with…
Current oil, gas crisis worse than 1973, 1979, 2022 together: IEA chief
The blockade of the Strait of Hormuz has triggered an oil and gas crisis that is “more serious…
Massive debts make the U.S. one of the world’s most vulnerable countries in the energy crisis
The world has never faced a crisis while loaded with so much debt, making the U.S. especially vulnerable…
Stock market today: Oil rises and stock futures drop as Trump makes apocalyptic threats against Iran
After stocks notched the first positive week since the U.S.-Israel war on Iran started over a month ago,…
4 Italian airports face jet fuel restrictions – POLITICO
Four Italian airports are being warned that they may face jet fuel restrictions amid limited supplies from a…