The Latest Breaking News from Petrol

Distant conflict, local crisis: is this oil shock the wake-up call NZ needed?

In recent years, there has been no shortage of warnings about the fragility of New Zealand’s largely imported fuel supply.

The Conversation · Mar 26

Morning Mail: Trump renews threats to Iran, big cyclone about to make third landfall, trans Olympic ban

US president implores Tehran to negotiate as Labor tries to fix ‘biggest ever energy crisis’; trans women will not be able to compete in female events in LA

The Guardian - AU · Mar 26

Could this energy crisis be worse for the global economy than COVID?

Despite reports of negotiations between the US and the Iranian regime, the Strait of Hormuz remains effectively closed to most oil tankers, with only a small number of vessels being allowed to pass. The result is a loss of roughly 11 million barrels per day (mbd) of oil and petroleum…

The Conversation · Mar 26

Rising profit margins turbocharged Australia’s latest inflation figures – but something worse is just around the corner

Fuel supply shock from Iran – not too many wage rises – will be the driver of higher figures in June

The Guardian - AU · Mar 25

This is how the 1970s oil shock played out. There are lessons for the economy today

On October 6 1973, the Yom Kippur War – mainly involving Egypt, Syria and Israel –triggered one of the biggest energy crises of the 20th century. Eleven days later, several Arab members of the Organization of the Petroleum Exporting Countries (OPEC) announced they would stop selling oil to countries supporting…

The Conversation · Mar 25

Shock at the petrol pump sparks electric vehicle surge

Enquiries about new and second-hand electric cars are setting records as motorists look for ways to avoid the rising price of petrol and diesel.

AAP · Mar 25

Renault 5 jumps to top of EV sales chart as electric car interest soars

Sharp growth in EV interest reported, with Renault boss saying the fuel crisis has kickstarted a new EV craze

The Independent UK · Mar 25

UK drivers: are fuel price increases making you cut back?

We’d like to speak to people in the UK who are cutting back on fuel use after the increase in petrol and diesel prices linked to the war in Iran

The Guardian - UK · Mar 25

‘Crazy not to’: soaring fuel prices send more Australians into U-turn towards electric cars

Sales of EVs and hybrids have increased in Australia ever since the US-Israel war on Iran sent oil prices soaring and raised the prospect that fuel could be rationed

The Guardian - AU · Mar 25

Swapping the car for a bike and seeing loved ones less: how the fuel crisis is affecting Australians

We asked Guardian Australia readers how they are affected by surging petrol prices and shortages. Here’s what they told us

The Guardian - AU · Mar 25