Sydney Airport CEO Scott Charlton says the nation’s gateway has just 25 days of fuel left, as Middle East conflict threatens global shipping lanes.
Even airlines that use hedging contracts to protect against sudden spikes in oil prices are rapidly announcing fare hikes, fuel surcharges and capacity cuts as they grapple with an unprecedented jump ...
Australia’s Defence Industry Minister has quipped the Opposition should ask Donald Trump when the Strait of Hormuz will reopen amid questions about the nation’s fuel supply disruptions.
The Israeli military says it's responding to strikes from Iran-backed Hezbollah, and warns residents in Beirut's southern suburbs to evacuate.
A widening war in Iran has halted oil tankers, made targets of refineries and spooked investors worried about the cascading impact of spiking energy prices.
MidOcean Energy LP will acquire Jera Co.’s interests in Australia’s Gorgon and Ichthys liquefied natural gas export projects. The transaction would raise MidOcean’s stake in Gorgon LNG to 1.417% and ...
Economists warn that prolonged disruptions in Middle East oil flows could move the region from price shocks to fuel shortages, with broader risks to growth and inflation.
The US president says Iran's "leaders are gone" and "we could do a lot worse". Meanwhile, the UAE says it's responding to ...
An Australian defence analyst who warned of Australia’s precarious fuel supply problem more than a decade ago says politicians were told to “keep quiet” about the vulnerability and focus on election ...
The reports of attacks on commercial ships came after the US said it "eliminated" 16 Iranian mine-layers in the area. Elsewhere, two drones were downed near Dubai airport.