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Oil markets nearing ‘red zone’ as holiday season nears, warns IEA chief

Oil markets nearing ‘red zone’ as holiday season nears, warns IEA chief Oil markets will

Australian government plans for ‘worst-case scenario’ retail fuel rationing, documents reveal

oil markets would enter the “red zone” by August. Contained in documents obtained by Guardian

Iran’s currency falls to new low as US blockade, sanctions impact trade

market by early afternoon on Wednesday before partially recovering. The embattled currency changed hands for about 1.54 million earlier this week, and its rate was about 811,000 per US dollar a year

‘Turbulent and dangerous’: How shipping is the new global battleground

oil prices to multiyear highs. “Even short of a full shutdown, ‘permissioning’ and pressure can impose major costs and uncertainty,” Jack Kennedy, head of MENA Country Risk at S&P Global Market Intelligence, said

Uncertainty over the Strait of Hormuz remains, as ceasefire nears its end

Red Wall" rally in Phoenix, AZ. Despite hinting at the possibility of resuming attacks on Iran, Trump also told reporters "I think it's going to happen," referring to a deal. Also on Friday, hours

Iran's foreign minister awaits U.S. delegation to Pakistan for peace talks

Red Zone area of Islamabad on April 23, 2026. **Asif Hassan/AFP via Getty Images** Asif Hassan/AFP via Getty Images Here are the latest updates on Day 57 of the conflict in the Middle East: [Possible

‘In the days of old, the world was safe’: West Bank family’s enduring unity

oil a year. This past season, they produced only 10, due to both tree damage and access restrictions from settlers and soldiers, according to the family — a devastating drop in income, mirroring losses reported across