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Indonesia rations fuel as prices soar over Mideast war

Indonesia rations fuel as prices soar over Mideast war

Indonesia on Tuesday announced fuel rations and mandated work from home for civil servants, as it seeks to conserve energy stocks amid global price hikes due to the Middle East war. "To ensure fuel distribution, the government will regulate purchases... with a reasonable limit of 50 litres per vehicle&

Hegseth, Caine do not rule out 'boots on the ground' in Iran

(The Center Square) – The U.S. doubled down on calls to allied countries for help defending the Strait of Hormuz and did not rule out boots on the ground in Iran, Defense Secretary Pete Hegseth said Tuesday. Hegseth spoke to reporters at a news conference Tuesday morning. He reiterated calls

Asia to be hit hardest by Iran war energy crisis: Kpler to AFP

Asia to be hit hardest by Iran war energy crisis: Kpler to AFP

Asian nations are facing a major energy crisis as a result of the Iran war, with a sharp fall in crude shipments and few alternatives, global maritime analytics firm Kpler told AFP on Tuesday. "We think Asia will, for now, be the ones suffering the most," Kpler president

US gas price hits $4 a gallon, highest since 2022

US gas price hits $4 a gallon, highest since 2022

The average price of gasoline at US pumps has soared past $4 a gallon, the American Automobile Association (AAA) reported Tuesday, the highest for nearly four years on the back of the Iran war. Spiking gas prices, up from less than $3 at the end of February, represent the latest

Middle East war: global economic fallout

Middle East war: global economic fallout

Here are the latest economic events in the Middle East war: - Oil prices rise - Oil prices sank and most stocks rose Tuesday, following a Wall Street Journal report that indicated Donald Trump was willing to end the Iran war even if the key Strait of Hormuz remained closed. Market experts

Iran fires missiles across Middle East as Trump threatens oil hub

Iran fires missiles across Middle East as Trump threatens oil hub

Iran fired missiles across the Middle East on Tuesday as its capital was hit by fresh explosions, after US President Donald Trump threatened the country's key oil export hub, power stations and desalination plants. Israeli Prime Minister Benjamin Netanyahu, Trump's partner in attacking Iran, said more

War in the Middle East: latest developments

War in the Middle East: latest developments

Here are the latest developments in the Middle East war: - Four Israeli soldiers killed in south Lebanon - The Israeli military said Tuesday that four soldiers had been killed in combat in southern Lebanon, where its forces are clashing with Iran-backed Hezbollah. A military statement named three soldiers from the