Global Conflicts and Weak Currency Push NZ Pump Prices to Record Highs
Fuel monitors point to persistent geopolitical strains for the rising costs.
Strait of Hormuz
Crude Oil Climbs to $104 Amid Middle East Escalation and Tanker Attacks
Global crude oil prices climbed to $104 per barrel on Monday, driven by fresh Middle East escalation and tanker attacks in the Strait of Hormuz.
Nayara Energy and Jio-bp Raise Fuel Prices Amid Crude Pressures
Nayara Energy and Jio-bp raised retail fuel prices across India by ₹5 per litre for petrol and ₹3 per litre for diesel following supply pressures driven by Middle East conflicts.
US-Israel War on Iran Disrupts Global Energy Supply and Shipping Routes
Global energy markets face strain as the US-Israel war on Iran disrupts energy flows and key shipping routes, pushing governments worldwide to seek alternative supplies, draw down…
US Truckers Warn Surging Diesel Costs Threaten Retail Domino Effect
Surging diesel prices driven by the Middle East conflict squeezed profit margins for American truckers and agricultural operators, threatening retail goods nationwide.
Trump and Iran Reject Election Calendar Impact on War Decisions
President Donald Trump and Iranian leadership share a rare point of agreement seven months into their grinding conflict: neither side believes the U.S.
No Military Strikes on Iran Before Midterms, Trump Announces
President Donald Trump announced Thursday that the United States will not launch military strikes against Iran before the November 3 midterm elections.
Tanker Hit by Projectiles Off Qatar Coast, UKMTO Says
A commercial tanker sailing north of Qatar was struck by multiple projectiles on Wednesday, resulting in reported casualties.
Indian State Refiners Keep Fuel Prices Steady Despite Rising Crude Costs
International crude prices climbed Thursday as Strait of Hormuz shipping risks tightened global supply, while Indian state-owned refiners kept retail pump rates unchanged.
Marco Rubio States Iran Lost Control of the Strait of Hormuz
U.S. Secretary of State Marco Rubio declared on Wednesday in Athens that Iran has lost complete control of the Strait of Hormuz, pointing to oil export…
QatarEnergy Secures $3 Billion Loan From Four Chinese Banks
State-owned QatarEnergy secured a $3 billion five-year loan from four Chinese banks, defying regional war risks and ongoing shipping disruptions in the Strait of Hormuz to fund…
Strait of Hormuz Oil Shipments Rebound Toward Pre-War Levels
Despite the maritime recovery driven by U.S.