Energy Secretary Says "Period of Elevated Energy Prices" Will Be Temporary

Local refiners seek federal lifeline as fuel supply fears grow

Labor is locked in high-stakes talks to keep Australia’s last two oil refineries open as Middle East fuel shock fears deepen.

Energy secretary says "period of elevated energy prices" will be temporary

Energy Secretary Chris Wright said "what you're seeing is emotional reactions and fear that this is a long-term war." He stressed that "this is not a long-term war."

Gas Prices Continue to Surge in U.S., Rising 14% in a Week

Soaring oil prices suggest that more increases could be in store for American drivers. Diesel, jet fuel, and other refined products are also becoming much more expensive.

Oil prices ‘could reach $100 a barrel in days’ as UK warned of gas shortage crisis

Disruption in the Strait of Hormuz is halting oil trade and hiking prices

Energy bottleneck in Middle East is damaging German economy

Expensive energy, rising prices and disrupted supply chains are all bad news for economic growth. The German government is alarmed by events in the Middle East.

Mounting uncertainty over future of Ireland’s €4bn trade links as Middle East war continues to rage

Almost 400 Irish-owned enterprises are currently exporting to the Middle East, including hundreds of SMEs, leaving them exposed as the US and Israeli war with Iran continues.