Leaders of Samoa and Tonga appealed for help this week as the import-reliant Pacific nations raised fears over possible fuel shortages and escalating costs caused by war in the Middle East.
Qatar's main gas facility has suffered extensive damage after several rounds of Iranian strikes, causing new energy supply fears as the Middle East war grinds on.
Julien Girault with the AFP Tokyo bureau and Kang Jin-kyu in Seoul AFP
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The Middle East war is forcing petrochemical giants in two key Asian economies to cut production as the conflict rattles supplies of a crucial oil-derived component used to make a range of plastic goods.
Attacks on oil infrastructure in the Gulf region and soaring oil prices are raising the spectre of a new oil crisis, although economists say we’re not quite there just yet.
Pierre-Henry DESHAYES, with Adrien DE CALAN in Brussels AFP
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Already the continent's biggest single supplier of natural gas since Russia invaded Ukraine, Norway is hoping to use the Middle East war to get European Union blessing to drill in the Arctic.
(The Center Square) – President Donald Trump said Friday he is considering a temporary suspension of shipping regulations that govern energy, agricultural and other cargoes moved between U.S. ports as prices for crude oil, gasoline and diesel fuel continued to push higher on the 13th day of the U.S.-Israeli conflict with Iran.
