oil

Could the Hormuz crisis eclipse the 1970s oil shock?

Supply losses may outpace 1970s crisis as prices rise, Hormuz disruption tests buffers

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Signs cover petrol bowsers at a closed petrol station in Sydney on March 30, 2026. Australia will halve a tax on fuel to reduce costs for motorists experiencing soaring petrol prices due to war in the Middle East, Prime Minister Anthony Albanese said on March 30, 2026.

Oil at $200: Still a real risk — or a market myth?

Prices surge on geopolitical fears, but markets still lack signs of a true supply shock

Workers walk in an area at a degassing station in Zubair oil field, whose operations have been reduced due to the Mideast war triggered by the US and Israeli attacks on Iran, near Basra, Iraq, Saturday, March 28, 2026.

Will oil prices hit $200 if US hits Kharg energy hub?

Oil prices have been moving sharply to shifting narratives around diplomacy and escalation

A thick plume of smoke rises from an oil storage facility hit by a US-Israeli strike in Tehran, Iran.

Why the Philippines is bracing early for an oil shock

Recent declaration shows the country’s exposure to global supply disruptions and risks

The Philippines has been declared under a state of national energy emergency

Iran drafting law to introduce tolls for Hormuz transit

Plan likely to be finalised next week and will legally recognise Iran oversight of Hormuz

Oil tankers and cargo ships line up in the Strait of Hormuz.

Why Philippines declared a national energy emergency

New executive order aims to secure fuel supply, stabilise economy as global oil risks rise

EO 110 authorises the unified package for livelihoods, industry, food, and transport

Can release of global oil reserves curb prices?

Injecting 400 million barrels will take time, limiting immediate impact

The strategic significance of the war in the Arabian Gulf stems from the region’s central role in global energy supply.

War’s ripple effect: From Hormuz to India’s kitchens

Rising energy prices reshape how households and vendors cook in India

Roughly 60% of India's liquefied petroleum gas requirements are imported, meaning global disruptions can quickly filter down into domestic markets.

No need to panic: India boosts LPG output 30%

Refineries running at full capacity as government prioritises household gas supply

India has said it is making continuous efforts to ensure that households and essential institutions receive uninterrupted supplies of cooking gas.

Record release of oil reserves to stabilise oil prices

Historic 400-million-barrel release aims to calm markets as Gulf supply disruptions grow

How record release of oil reserves can stabilise price of ‘liquid gold’ worldwide

Oil spikes above $100 as war fears grip global markets

Crude surges above $100 as Hormuz disruption triggers supply fears

Prices surged into the triple digits as the war raises stress levels.

Brent oil price blasts past $81 as Hormuz teeters

$120 per barrel nightmare looms Iran-US-Israel war shakes oil markets

An oil refinery in Houston. Oil-consuming countries are bracing for energy price shocks as the Middle East war erupts, with supply constraints driving prices through the roof.

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