Iran war

India airlines warn of flight suspensions as war drives up fuel cost

Prices of jet fuel in India are set on import-parity basis, which means fuel is priced as if it was shipped in from the Arabian Gulf, even though Indian refiners produce more fuel than the country consumes.

Trump tells aides to prep for lengthy Strait of Hormuz blockade: Report

The strategic Strait of Hormuz, through which a fifth of the world’s oil and liquefied natural gas flowed before the conflict began, remains at a virtual standstill.

France unveils plan to ditch all fossil fuels by 2050

Coal would be phased out by 2030, oil by 2045 and gas by 2050 for energy purposes, the road map said.

While You Were Sleeping: 5 stories you might have missed, April 29, 2026

Iran's blockade of the Strait of Hormuz has cut off flows of oil, gas and fertiliser and sent prices soaring.

Peace efforts stall as US examines latest Iran proposal

Iran's blockade of the Strait of Hormuz has cut off flows of oil, gas and fertiliser and sent prices soaring.

Fuel shock hits Philippine truckers as basic goods price hikes loom

(From left) Mr Omar Tigno, administrative and human resources head at Protege Logistics Philippines Inc, with truck drivers Joseph Gayoso and Marcelo Nablo Jr. at the company's garage in Cabuyao, the Philippines, on April 10.

Germany’s Merz ‘doesn’t know what he’s talking about’ on Iran: Trump

German Chancellor Friedrich Merz talking to students during his visit at Carolus-Magnus-Gymnasium in Marsberg, Germany, on April 27.

US imposes sanctions on 35 individuals, entities for aiding Iran’s sanctions evasions

The US also warned banks against doing business with any firm paying Tehran for passage through the Straits of Hormuz.

Trump approval sinks to record low as war with Iran drives cost-of-living concerns

U.S. President Donald Trump attends an arrival ceremony for Britain's King Charles and Queen Camilla on the South Lawn of the White House in Washington, D.C., U.S., April 28, 2026. REUTERS/Nathan Howard

What is OPEC+ and how does it affect oil prices?

In 2025, OPEC+ produced nearly 50 per cent of the world's oil and oil liquids.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.