Energy

The reserve of around 1 billion litres (264 million gallons) will ensure Australia holds at least 50 days of fuel onshore to shield the country

The shock decision, which took effect on Friday, followed months of tensions with Saudi Arabia, the world's top oil exporter and OPEC's de facto leader

Iraq has commenced work on an oil pipeline linking Basra to Haditha with a planned capacity of 2.5 million barrels per day, the state news agency said.

The UAE said it would leave the oil cartel following decades of membership on Tuesday, but which are the other countries who have previously left the group?

UAE exits OPEC and OPEC+ amid Iran war tensions, shaking oil markets and weakening unity among global producers.

BP profits surge as oil prices rise amid Middle East conflict, boosted by strong trading and market volatility in the first quarter.

France pushes to restore navigation in Hormuz as TotalEnergies warns war could cause worldwide energy scarcity.

Global gas demand faces long-term damage from Iran war as countries switch energy sources amid the largest supply disruption in modern history.

IEA warns Iran, US, Israel conflict triggers worst global energy crisis, disrupting oil and gas flows via the Strait of Hormuz and straining supply worldwide.

The agreement, due to expire in July, provides for delivery of 9.6 billion cubic metres of gas a year, but actual flows have often fallen short