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
Oil and gas prices are rising as the Strait of Hormuz remains largely closed due to the Iran conflict, raising concerns at home about the cost of fuel at the pump. The national average for gas prices rose this week to more than $4 a gallon, and diesel prices hit $5 a gallon — the … Read more
The FTSE 100 (^ FTSE) and European stocks rose on Tuesday morning after a Wall Street Journal report that Donald Trump told his aides that he was willing to end the US military campaign against Iran, even if the Strait of Hormuz remained largely closed. The US president has assessed that the mission to open … Read more
Australian petrol prices tend to follow predictable cycles, but they have all gone out the window in recent weeks. In the early days of the Middle East conflict, petrol stations across Brisbane, Sydney and Melbourne raised prices faster than the rise in global oil prices, in what several leading experts said was an attempt to … Read more
The winners are thin on the ground now. In a case of bad timing, US President Donald Trump last week planned Easter Monday as the day he would “raise hell” if Iran’s leaders reject his latest peace plan. Iran war updates: For the latest on the Middle East conflict, read our blog. It was after … Read more
The S & P 500 Index ($ SPX) (SPY) today fell -0.75%, the Dow Jones Industrial Average ($ DOWI) (DIA) fell -0.21%, and the Nasdaq 100 Index ($ IUXX) (QQQ) fell -1.18%. Stock indexes fell this afternoon as the market dug in for the first oil price of $100+ since 2022, an important milestone reached … Read more