Oil and gas sector

EU agency opens door to using US jet fuel as shortages loom

Many airlines, including German carrier Lufthansa, have announced flight cancellations, and some have called on the EU to allow temporary fuel exemptions.

UN experts warn US fuel blockade in Cuba puts human rights at risk

Washington intensified measures in 2026 by repeatedly suggesting it could take military action against Cuba.

Hungry to sell, UAE slips hidden oil tankers through Strait of Hormuz

A cargo ship docked at the Port of Fujairah, as the US-Israel conflict with Iran limits marine traffic in the Strait of Hormuz, in Fujairah, United Arab Emirates, on May 6, 2026.

Australia to force gas giants to reserve fuel for domestic use

Australia is one of the world's largest exports of liquefied natural gas, a key fuel source in hot demand amid the Iran war.

Fuel shortages in Indonesia spread from Riau to Kalimantan

Motorists report waiting up to an hour to refuel. with some leaving empty-handed.

France’s Macron says he discussed Hormuz situation with Iran’s president

Iran's President Masoud Pezeshkian meets with France's President Emmanuel Macron in New York City, U.S., September 24, 2024. Iran's Presidency/WANA (West Asia News Agency)/Handout via REUTERS

US says airline jet fuel costs jumped 56% in March, amid US-Israel war with Iran

Surging jet fuel prices have created the air travel industry’s biggest crisis since the Covid-19 pandemic.

Trump says Iran wants to make a deal

US President Donald Trump delivering remarks at the White House on May 6.

France moves aircraft carrier to Red Sea with eye on Strait of Hormuz mission

French aircraft carrier Charles De Gaulle departs from Souda Bay, on the island of Crete, Greece, April 7, 2026. REUTERS/Stefanos Rapanis

Cuba says Rubio lying about oil blockade

Cuba has been suffering from an energy crisis since January.

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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.