Middle East

Talks on reopening the Strait of Hormuz and steering Iran away from its nuclear program will be bitterly difficult. 

European Central Bank’s chief Christine Largarde says expectations of a swift recovery to energy prices are ‘overly optimistic’

For the third time in a fortnight, Donald Trump has called out Australia for what he sees as the Albanese Government’s failure to adequately support his war in Iran. 

US President Donald Trump has shocked the world, announcing a ‘pause’ to his plans to bring destruction to Iran, confirming the move in a statement requested by the Iranian Government.

An expert says it's too early to say whether panic-buying has affected petrol shortages as more than 500 service stations run out of at least one kind of fuel.

Iran has dismissed a US ceasefire proposal as Donald Trump ramps up threats, warning the conflict could intensify.

Donald Trump can’t stop talking about how much his administration is negotiating with Iran about ending the war. Iran can’t stop denying those talks are taking place.

The Revolutionary Guards appear to have taken control of both the state and the war — so who can strike a deal with the President

From fuel vouchers to AI-powered price tracking, motorists are changing how they fill up as the fuel crisis bites.

Markets excellent at pricing known risks are finding themselves ill-equipped to account for the uncertainty that comes from a war.

An Iran news agency linked to the hardline Islamic Revolutionary Guard Corps has posted a video of an Australian service station that had run out of fuel.

The S&P/ASX 200 share index rose 1.25 per cent and benchmark crude oil prices eased to $US96 a barrel after the US reportedly sent Iran a 15-point peace plan.

THE NEW YORK TIMES: The US has sent Iran a 15-point plan to end the war in the Middle East.