12/03/2026 05:08
The Guardian
Iran has set ablaze two tankers in Iraqi waters as it increased attacks on oil and transport facilities across the Middle EastIran escalates attacks on infrastructure and transport across the GulfHow have you been affected by the latest Middle East events?Oil prices are on the rise again, with the international benchmark Brent crude back above $100 per barrel, as concern over the US-Israel war with Iran intensifies. Asian stock markets are back under pressure, too.In a bid to calm concerns over oil supplies, the International Energy Agency (IEA) ordered the largest release of government reserves in its history on Wednesday. But the announcement was overshadowed by widespread Iranian attacks on energy facilities across the Middle East.While Australian fuel consumption has not changed, this will help relieve pressure on distribution chains disrupted by elevated demand.The government has been unequivocal – this additional supply must help the people who need it, including farmers, fishers and regional communities. Continue reading...
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