Are $2+ petrol prices here to stay?

The world was stunned but not surprised when US President Donald Trump issued an ultimatum to Iran over the weekend – open the Strait of Hormuz or Trump will order the US military to begin an unprecedented campaign on the gulf state. Trump’s now extended that deadline for a furth ...  Show more

Tuesday Headlines: Trump postpones strikes on Iran’s power plants, says talks scheduled for today Multiple crises headed for Australia as Iran war continues Australia to sign free trade deal with EU ABC staff to strike for the first time in 20 years Less eggs and higher prices hi ...  Show more

In the early days of its war on Ukraine, Russia cut off gas supplied to most of Europe, plunging the continent into the most severe energy crisis in decades.

Soaring prices have put some European leaders on the defensive over their support of Ukraine in the war as they n ...

Read a transcript of this episode on FT.com

https://www.ft.com/content/411bb70a-8fe9-41ef-bd58-e4798b12c2a2

Vladimir Putin h ...

Liz Truss will be the next UK prime minister after winning the Tory leadership race, Opec+ agreed on Monday to cut crude supply in a bid to prop up oil prices, Russia switched off Europe’s main gas pipeline until sanctions are lifted, and Singapore has become a haven for ...

U.S. gas prices hit their highest level ever in the latest sign that soaring inflation is taking a very serious toll on the U.S. economy. President Biden says the price hikes are now his top domestic priority, laying out new efforts to tame the surge. In Ukraine, the key city of ...  Show more