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Nigerian refinery accused of sacking union members is key to UK plan to tackle jet fuel shortage

disrupting operations and undermining the stability of the facility. Dangote maintained that more than 3,000 Nigerians remained employed and that the company did not block union participation. At the time of the dispute, Pengassan

Reeves steps up criticism of Trump’s Iran war, branding it a ‘mistake’

strait of Hormuz? Well it was open at the beginning of this conflict,” Reeves added. The chancellor said there was confusion about Trump’s aims for the conflict, which had destabilised the world economy. Entering

Air Canada temporarily suspending some flights to New York City and other locations

strait of Hormuz had reopened, helping ease oil prices, fuel costs remain significantly elevated after weeks of disruption. “Jet fuel prices have doubled since the start of the Iran conflict, affecting some lower profitability routes

Maths behind Hormuz toll: Is paying Iran for transit cheaper than blockade?

disruption in the flow of oil, gas, fertilisers and maritime traffic in general has left several countries reeling under a rising cost of living. ![TOPSHOT - A photo illustration taken in Nicosia

Fire breaks out at crucial Australian refinery, raising fuel supply fears

disrupted by the Middle East conflict, which has driven up energy prices worldwide. Kevin Morrison, an energy finance analyst, said the wider Asia Pacific region has been facing a fuel security issue and Australia does

Iranian FM Araghchi to visit Pakistan as talks with US set to resume

Strait of Hormuz are key sticking points that in recent days have threatened to rupture Pakistan’s mediation efforts. For the residents of Pakistan’s capital, the equation is simpler – if frustrating: They want

Is the Great Nicobar Island India’s Hormuz-like chokepoint against China?

Hormuz has given that vision a boost, serving as a reminder of the importance of a perch that can serve military and economic aims over a strategic waterway — in this case, the Strait of Malacca

UAE exit from OPEC signals closer alignment with US interests, experts say

Hormuz, through which 20 percent of the world’s oil and gas transits, mostly from Middle East nations to Asia and Europe, continues to be blocked amid the US-Israel war on Iran, sending

Who is the Indian guru Venezuelan acting President Delcy Rodriguez follows?

supply disruptions in the wake of the US-Israel war on Iran. But diplomacy is not her only focus. Rodriquez, who is a follower of Indian guru Sathya Sai Baba, is expected to visit

Democrats urged to link clean energy to affordability as Iran war hikes up prices

strait of Hormuz, where a fifth of the world’s oil and gas normally travels, in the wake of the US and Israel’s attack on Iran caused energy costs to spike around the world

China's economy grows faster than expected despite Iran war

supplies, with Asian countries hit particularly hard. It also marks the first release of official GDP figures since Beijing cut its annual economic growth target last month to a range of 4.5%-5%, its lowest

The Iran war has exposed the limits of neutrality

disruption. ## The limits of neutrality The course of the war demonstrated that the concept of “neutrality” is no longer viable in contemporary regional contexts, particularly in the Middle East. When the instruments of conflict extend

Iran fires missiles in Kuwait and Bahrain, U.S. strikes Iran facility

Hormuz and the oil, gas and other commodities that normally pass through it. Trump then could potentially push Israeli Prime Minister Benjamin Netanyahu to halt or slow the advance of his forces, which have moved

As Trump readies to meet Xi, experts say he is ‘desperate for a win’

disrupted since Trump returned to office last year and unleashed a series of tariffs on the world, imposing some of the highest rates on China, 145 percent at one point. Beijing retaliated with

With the US-Iran ceasefire about to expire, could Trump put boots on the ground?

supplied by the west as well as the Soviet Union.  The future Iranian president and supreme leader Ali Khamenei (right) speaking

Why is the US seeking UN help to open Hormuz after undermining it?

supplies are shipped during peacetime, has caused the price of oil to rocket and prompted fears of a global economic crisis. However, the Trump administration has taken a hostile approach to the UN since Donald

How long can Iran survive the US’s Hormuz blockade?

supplies, Tehran could have revenue flows that can last until August despite the US naval blockade. “Which is a long time. Does President Trump have until August? Probably not,” he said. “He’s probably going

Airlines hike fares, cut millions of seats as Iran war drives up fuel costs

disruptions.” As the effective closure of the Strait of Hormuz approaches the 10-week mark amid an uneasy truce between the United States and Iran, global air travel is emerging as a major casualty

Top US Senate Democrats again try for war powers resolution – as it happened

disruptions to oil supplies from the conflict was “the greatest energy security challenge in history”. A third of the 80 Middle East energy facilities his agency was monitoring had been damaged, he said. Birol warned

How Iran raised Hormuz stakes by capturing ships

supplies are shipped during peacetime. Has Iran’s capture of foreign-flagged ships raised the stakes in the strait even more? Here’s what we know about how Iran and the US have, step