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Airline has hedged much of fuel into 2027, avoiding soaring prices, but costs likely to hit passengers by end of summerBusiness live – latest updatesThe boss of easyJet has said the war in the Middle East has started to hit flight bookings, while the s…
European shares start to rise after US president says talks have been ‘very good and productive’Business live – latest updatesMiddle East crisis – live updatesGlobal stock markets swung wildly and oil prices fell on Monday after Donald Trump postponed …
Fatih Birol says effect on energy markets of Iran bombings and closure of Hormuz strait not initially understood by world leadersMiddle East crisis live – latest updatesThe global energy crisis caused by the war in Iran is equivalent to the combined fo…
Chris Bowen confirms dozens of east coast petrol stations experiencing shortages as Coalition targets Labor over fuel crisis. Follow updates liveGet our breaking news email, free app or daily news podcastThe pollies have been asked this morning whether…
Tehran’s response to Trump’s threat signals a potentially dangerous escalation as both sides menace sites relied on by millions Middle East crisis live – latest updatesTehran has said it will “irreversibly destroy” essential infrastructure across the M…
Leveraging Australian gas exports to ensure we get oil in return is among the offbeat ideas we could be hearing more aboutGet our breaking news email, free app or daily news podcastThe International Energy Agency suggested Australia reduce road speed l…
PM’s ‘cost of living champion’ calls for consideration of temporary measure to prevent profiteering from Iran war The government’s top cost of living adviser has called on ministers to explore a temporary cap on the profits of energy and petrol compani…
Donald Trump’s ‘little excursion’ is likely to have long-term effects, from oil prices to inflation to growth, say expertsIn the days after the US and Israel first bombed Iran, financial markets bet the economic fallout from Donald Trump’s “little excu…
Amid a surge in fuel prices and fear of shortages, SA police chief signals officers might stop investigating ‘drive-offs’ unless service stations install prepaid pumpsGet our breaking news email, free app or daily news podcastThe rusty green fuel trail…
Exclusive: War has led to 5m tonnes of greenhouse gas emissions in two weeks and is draining the global carbon budget faster than 84 countries combinedThe US-Israel war on Iran is a disaster for the climate, according to an analysis that finds it is dr…