Travelers planning summer vacations face a tough decision as global oil supply disruptions, caused by conflicts in the Middle East, have pushed up jet fuel prices leading to higher airfares being passed on to passengers. ADVERTISING ADVERTISING According to the latest analysis of the International Transport Organization, the price of world jet fuel stood at … Read more
NEW YORK (AP) – The financial markets were devastated in the first two months of the year. Then came the war. The price of a barrel of Brent crude oil is above $100 for the first time since the summer of 2022 and gasoline prices have risen. That was followed by a long period where … Read more
NEW YORK / WASHINGTON Rising oil prices due to US and Israeli attacks against Iran, and Tehran’s retaliation, leading to a war in the Middle East that raised oil prices and fueled economic volatility, causing Wall Street to shed billions of dollars in the first month of the conflict. Concerns about prolonged conflict have dampened … Read more
The military attacks carried out by the United States and Israel against Iran in a joint effort – followed by retaliatory attacks from Tehran on the facilities of the Gulf energy – caused a significant increase in the conflict, resulting in the complete closure of the Strait of Hormuz. ADVERTISING ADVERTISING The waterway is one … Read more
NEW YORK — US gas prices rose above an average of $4 a liter for the first time since 2022 on Tuesday as the war in Iran pushed up global fuel prices. According to the AAA motor group, the national average for a gallon of regular gasoline is now $4.02 – a dollar more than … Read more
The winners are thin on the ground now. In a case of bad timing, US President Donald Trump last week planned Easter Monday as the day he would “raise hell” if Iran’s leaders reject his latest peace plan. Iran war updates: For the latest on the Middle East conflict, read our blog. It was after … Read more
Infographic chart showing the performance of WTI crude oil futures against selected indices, as of March 26 and 27 at 03:55GMT. · AFP/AFP The US-Israeli attacks against Iran have triggered a series of retaliations and military escalation in the Middle East that has spooked global financial markets. The conflict, now more than a month old, … Read more
Printed on 30/03/2026 – 7:07 GMT+2•Updated 9:24 European markets opened lower on Monday as investor sentiment remained cautious amid rising oil prices and political tensions in the Middle East. ADVERTISING ADVERTISING At the time of writing, Germany’s DAX was down about 0.41%, the FTSE 100 was down very slightly, by 0.1%, and France’s CAC 40 … Read more
Motorists will pay up to 26.3 cents on every liter of fuel they buy for three months, but some economists warn it could ultimately leave Australians worse off. Treasurer Jim Chalmers today marked the government’s decision to temporarily cut fuel tax to ease the cost of living, predicting it will reduce the cost of a … Read more