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Iran shifts economic focus to essentials during war uncertainty

Strait of Hormuz. “The main challenge is to bring in empty tankers to the area of Kharg and Jask” to load the extracted oil, a presenter said. The Tasnim News Agency, which is linked with

Can Hungary wean itself off Russian energy, as its new leader has promised?

Strait of Hormuz in the Gulf which has blocked the shipping of 20 percent of the world’s oil and LNG supplies. Zerka added that the newly elected leader will not have political room

Airlines in Europe slash thousands of flights as Iran war cuts jet fuel supplies

Strait of Hormuz, the narrow waterway off Iran's coast, would lead to higher jet fuel prices and possible shortages in Europe. [![A pumping jack is visible in silhouette against an orange-sky sunrise

Snack giant switches to black and white packaging as Iran war hits ink supplies

Strait of Hormuz halted. Supplies of naphtha, a byproduct of oil refining used in ink and plastics, have also been hit hard. Naphtha prices in Asia have almost doubled since the conflict started, pushing

China’s Xi praises ‘unbreakable’ Pakistan ties as Sharif visits Beijing

important given close Beijing-Tehran ties. In March, China and Pakistan issued a five-point initiative as their foreign ministers met in Beijing, calling for peace talks and restoration of normal navigation in the Strait

Trump tells Iran to accept deal or face new wave of US bombing

strait of Hormuz remains open, that will be the beginning of real talks. As long as there is a blockade from both sides, talks remain difficult. That’s why a framework of understanding

Albanese’s visits to key allies have borne early fruits of fuel and fertiliser but ‘resilience’ is on the budget agenda

imports are now assured into at least June, there are no illusions that Australia is out of the woods yet. The fragile ceasefires in the Middle East, and Trump’s blockade-of-a-blockade entirely

Trump’s push to cut interest rates has echoes of ‘banana republic’, says Yellen

importance of central bank independence. He described rising oil prices as a result of the Iran conflict as a “major supply shock”, which the Bank’s monetary policy committee would have to assess carefully

US-Iran truce teeters on meltdown as stalemate takes toll on each side

important oil port at Fujairah in the UAE was hit by Iranian missiles. In Washington, Hegseth told reportersthe US had successfully secured a path through the strait and that hundreds of commercial ships were lining

China's economy grows faster than expected despite Iran war

imports is likely to be to due a rise in costs globally as a result of the Iran war, according to economics lecturer Yixiao Zhou from the Australian National University. Iran's threats against vessels

Faisal Islam: Why the UAE's exit from Opec is a big deal

Hormuz, this is not the main event in oil markets, affecting the prices of oil, gas, petrol, plastics and food. While the world understandably focuses on oil at $110 per barrel, this is, however

The U.S. blockade continues despite Iran's announcement the Strait of Hormuz is open

oil flow through the Strait of Hormuz, major airports from Doha to Dubai have seen traffic drop dramatically because of the war, affecting revenue across the Gulf.| The International Monetary Fund said the country worst

What will the energy cap changes mean for my bills?

Hormuz shipping route south, which normally carries a fifth of the world's oil and gas. Jarvis said the level of the next cap, which will take effect on 1 October, largely depends on whether

How US and Iran are playing a crypto cat-and-mouse game over sanctions

oil ships seeking passage through the Strait of Hormuz to pay a toll in cryptocurrency. Reports have emerged of Iran already receiving a number of payments in crypto for ships transiting through the strait

Australia news live: Penny Wong wins jet fuel pledge from China in Beijing visit; US lawmaker says Aukus price might go up

Strait of Hormuz. In the talks, she called for greater reciprocity in trade, emphasising that Australia’s steady supply of raw materials and food to China should be matched by a reliable flow of gasoline

US, Iran trade new attacks amid talks: Here’s what we know

Hormuz that it said did not have permission to pass through the waterway. Maritime tensions escalated further on April 20 when US forces captured an Iranian container ship near the Gulf in a move Iran

Iran, US still ‘far’ from breakthrough amid Strait of Hormuz impasse

oil normally transits, “as a pressure point” in negotiations, calling it perhaps the “most important bargaining chip”. ## ‘Start dropping bombs again’ Mediators have been pushing for a second round of US-Iran peace talks, after

Global energy crisis highlights meagre oil buffers in developing world

Strait of Hormuz](/news/2026/4/14/fao-warns-strait-of-hormuz-disruption-risks-triggering-a-global-food-crisis) drives the worst energy crunch in modern history, leading governments to scramble to unload their emergency oil stockpiles, developing countries are among the least prepared to mitigate the shock. Although surging

EU eyes options as Iran conflict threatens jet fuel shortages

Strait of Hormuz](/news/2026/4/19/what-to-know-about-us-iran-standoff-over-the-strait-of-hormuz), which is normally the passage for one-fifth of the world’s oil and liquefied natural gas supplies, has raised concerns about supply across the globe. Last week, the head

UAE comes under Iranian attacks for second consecutive day

Hormuz starting on Monday. About a fifth of global energy exports pass through the narrow waterway. In retaliation for joint US-Israeli strikes on Iran in late February, Iranian forces have effectively taken control