The Sydney Morning Herald logo
The Sydney Morning Herald logo

Oil

Advertisement
Iran’s response to a war that Trump thought would be over in weeks, if not days, has embarrassed and weakened America in the eyes of the rest of the world and the nature of the agreement, if one is reached, is likely to confirm that opinion.

Trump’s deal will show how pointless his war was

Oil might soon flow through the Strait of Hormuz, but the damage done by the US president’s war will linger for a very long time.

  • Stephen Bartholomeusz

Latest

Raid on Russian ship.

British commandos seize control of Russian tanker in English channel

Dramatic footage showed the Royal Marines commandos storming the private quarters of the ship, the Smyrtos, in the pre-dawn hours.

  • David Crowe
Australia is bracing for another round of petrol panic buying.

Warning over petrol panic-buying as fuel excise discount expires

Fuel suppliers and the federal government are preparing for another surge in petrol demand before a popular tax break is wound up at the end of the month.

  • Mike Foley and Nick Toscano
Raymond Lee was known for his severe leadership style.

Exxon CEO Lee Raymond, the ‘Darth Vader of global warming’, dies at 87

The former head of Exxon Mobil oversaw the oil industry’s biggest corporate merger and brandished hostility towards climate-change activism.

  • Joe Carroll and Kevin Crowley
Asian refineries, which supply 90 per cent of Australia’s petrol and diesel, sourced most of their oil from the Middle East before the Iran war.

With no end in sight to US-Iran war, Australia is getting oil from some unlikely places

Global trade is trying to rebalance due to the economic carnage of the US and Israel’s war with Iran. That means Australia is getting oil from some very unlikely places.

  • Mike Foley
The trade war is a mess of Donald Trump’s own making.

Trump ‘doesn’t care’ but he is leading the world into a nightmare

Donald Trump and sharemarkets appear relaxed about the effects of the war in Iran, but the likelihood of significant global economic damage is increasing by the day.

  • Stephen Bartholomeusz
Advertisement
Donald Trump announced there would be a 10-day ceasefire in Lebanon after speaking with Israeli Prime Minister Benjamin Netanyahu.

‘Everybody hates you now’: Trump reportedly takes aim at Netanyahu in explosive call

The conversation between the two leaders was reportedly heated, with US news outlet Axios saying the US president lashed out at Netanyahu in the expletive-laden call.

  • Michael Koziol
Donald Trump in one of Elon Musk’s Teslas at the White House on Tuesday.

Trump’s misfire: The electric car takeover is now unstoppable

The old car world order is facing demolition and the US president has helped accelerate the process.

  • Ambrose Evans-Pritchard
The Northern Endeavour en route to a ship recycling facility in Denmark earlier this year.

Shell fires off $83 million lawsuit as messy clean-up row spills into WA’s Supreme Court

A messy legal battle between oil and gas giants over the clean-up bill for a decrepit floating oil production facility off Australia’s northern coast has spilled over into court. Again.

  • Cameron Myles
Oil tankers and cargo ships lining up in the Strait of Hormuz. What if it stays closed?

We daren’t ask, but … what if the Strait of Hormuz doesn’t reopen?

Nearly 90 days since the US-Israeli war on Iran all but closed the sea route, it’s worth considering what seems unthinkable but has happened elsewhere. Call it historical science fiction.

  • Javier Blas