oil price

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.

10 ways to save money as oil prices surge globally

International Energy Agency outlines steps as oil tops $100 after Hormuz Strait disruption

The war in the Middle East is creating a major energy crisis, said the IEA.

UAE energy supplies stable after Fujairah oil zone fire

Domestic market needs will be met without disruption, said the Minister at FOIZ

A delivery-person rides a motorcycle along a road as behind a tall smoke plume billows following an explosion in the Fujairah industrial zone on March 3, 2026.

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.

Top 20 countries with biggest oil reserves: Iran's rank

Discover the nations dominating global oil reserves: How global dynamics are shifting

A Panamanian tanker docking at the platform of the oil facility in the Khark Island, Iran. File photo.

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