A drone view of a pump jack and drilling rig south of Midland, Texas, US June 11, 2025. — ReutersDespite latest fluctuation, monthly gains remain strong.Hormuz shipments offset Middle East tensions.US-Iran talks yield no major breakthrough.Oil prices were steady on Friday and…
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Australia to halve fuel tax in response to Middle East war
Australian Prime Minister Anthony Albanese speaks to the media during a press conference at Parliament House in Canberra, Australia, 30 March, 2026. — ReutersDecision taken after Albanese met leaders of states, territories.Measure will cost govt $1.75 billion, says Australian…
PM’s maritime reforms: 85 of 99 action points completed in 18 months
Shipping containers are stacked at the Karachi port area in Karachi, Pakistan, on July 31, 2025. — Reuters
In a significant achievement, the Reform Implementation Committee has completed 85 of the 99 action points under the prime minister’s maritime reform agenda in one and a half…
How Middle East war is driving up shipping costs
Shipping containers are unloaded from ships at a container terminal at the Port of Long Beach-Port of Los Angeles complex in Los Angeles, California, US, April 7, 2021.— Reuters
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