Air Canada will suspend its flights to New York’s John F. Kennedy International Airport for nearly five months, in a move linked to rising jet fuel costs. The temporary suspension will affect services from Toronto and Montreal starting June 1, with the airline planning to restore the route on
Iran’s Parliament Speaker Mohammad Bagher Ghalibaf has mocked U.S. President Donald Trump over Washington’s threat to impose a naval blockade on Iranian ports, warning that American consumers could soon face even higher fuel prices. His remarks came as tensions rose after the United States signalled a tougher maritime move following the breakdown of talks with […]
U.S. inflation climbed to its highest level in nearly two years in March as soaring gasoline prices pushed up consumer costs and added fresh pressure on household budgets. The latest data showed fuel costs playing the biggest role in the overall rise, with the spike linked to energy market disruption caused by the Iran conflict […]
India has increased domestic LPG production to meet nearly 60% of national demand as the government moves to protect household fuel supplies amid rising Middle East tensions. The step comes as concerns over the Strait of Hormuz and wider regional instability have put pressure on energy security planning, especially for fuels that depend heavily on […]
Australian Prime Minister Anthony Albanese visited Singapore on April 10 for fuel security talks as disruptions linked to the Iran conflict continued to pressure energy markets and supply chains. The visit focused on protecting the flow of refined fuels to Australia and liquefied natural gas to Singapore, with both sides agreeing to make maximum efforts […]
Pakistan’s fuel pricing policy is facing renewed scrutiny after the International Monetary Fund raised concerns over distortions in the country’s petroleum pricing system. The issue has become more urgent as Pakistan deals with volatility in global oil markets and growing pressure on its fiscal position. IMF Raises Pakistan Fuel Pricing Concerns The IMF has pressed […]
India Moves To Secure LPG Supply Amid Iran War The Centre has moved to secure LPG supplies and protect essential sectors from the fallout of the Iran war, with Prime Minister Narendra Modi chairing a high-level Cabinet Committee on Security meeting to review fuel, power and logistics preparedness. The review came as the government sought […]
Australia Warns Of Long Iran War Economic Pain Australia has warned that the economic effects of the Iran war could last for months, as Prime Minister Anthony Albanese urged people not to panic-buy fuel and to reduce consumption where possible. The government is trying to calm public anxiety as the conflict continues to disrupt global […]
The global energy shock triggered by the Middle East conflict and disruption around the Strait of Hormuz has pushed several countries into emergency mode. Governments across regions are scrambling to manage fuel shortages and soaring prices, with curfews, rationing, and restrictions becoming the new normal. Yet in India, daily life continues without visible disruption.
Petron Corp, the Philippines’ only oil refinery, has secured nearly 2.5 million barrels of crude from Russia after losing access to around 4 million barrels in cancelled shipments since the start of the US-Israel war on Iran. The move reflects the growing pressure on Asian fuel markets as the conflict disrupts normal crude flows and […]















