3D-printed oil pump jack and barrels in front of a rising stock graph appear in this illustration, taken March 2, 2026. — ReutersBrent jumps as much as 29%, WTI surges up to 31%.Iraq slashes its oil output due to Middle East conflict.Kuwait declares force majeure, cuts crude oil…
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Strategic oil stocks to be released ‘immediately’ in Asia and Oceania: IEA
A drone view of a pump jack and drilling rig. — AFP/FileAmerica and Europe begin reserve releases starting end of March.IEA releases 271.7 million barrels to cushion oil price surge.Agency urges insurance, protection to restore Hormuz shipping.
Strategic oil reserves will…
Pakistan, US ink deal to redevelop New York’s Roosevelt Hotel
US GSA Administrator Edward C Forst and Finance Minister Senator Muhammad Aurangzeb shake hands after signing an MoU for redevelopment of Roosevelt Hotel in New York. Prime Minister Shehbaz Sharif and US Special Envoy Steve Witkoss witness the signing of agreement. — Ministry of…
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…