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IEA confirms immediate release of emergency oil reserves; Japan to release private stocks
BusinessSCMPirozhlasNHK World+8orfel-mundoTimes of Indiastraits-timesdh-les-sportsnaftemporikiin-cyprusDaily Sabah8h ago11 sources

IEA confirms immediate release of emergency oil reserves; Japan to release private stocks

The International Energy Agency (IEA) confirmed the immediate release of initial oil reserves, with Asia and Oceania being the first to receive barrels. Separately, the Japanese government announced it would release private oil reserves starting from the 16th in anticipation of reduced tanker arrivals.

DOTr: No basis for safety claims of lawmaker, MRT 3 employees
Worldinquirerjust now

DOTr: No basis for safety claims of lawmaker, MRT 3 employees

MANILA, Philippines — The Department of Transportation (DOTr) on Sunday disputed claims that the Metro Manila Rail Transit 3 (MRT 3) has become unsafe, as alleged by the train line’s employees’ association and the freshman party list congressman who is championing the union’s claims. “Now that the price of crude oil is rising, commuters and

Australia news live: hybrid car sales hit record high as buyers steer away from petrol; man shot dead in Sydney unit
EnvironmentThe Guardian1h ago

Australia news live: hybrid car sales hit record high as buyers steer away from petrol; man shot dead in Sydney unit

New AAA data shows petrol vehicles fell to a record quarterly low of 66.3% of sales. Follow today’s news live Get our breaking news email, free app or daily news podcast New data from the Australian Automobile Association (AAA) shows petrol-electric hybrid vehicles have reached record sales, while traditional fuel cars lose ground. In the fourth quarter of 2025, 55,458 new hybrids were sold, accounting for 19.13% of all new light vehicle sales. This comfortably eclipsed the previous record ...

Trump and Starmer Discuss Reopening Hormuz Strait Amid Iran Blockade
Worldchannel-news-asianewsbeastavgi+3Daily Sabahpunch-ngvanguard-ng1h ago6 sources

Trump and Starmer Discuss Reopening Hormuz Strait Amid Iran Blockade

US President Trump and UK Prime Minister Starmer held discussions on the critical importance of reopening the Strait of Hormuz, following disruptions to global shipping and rising costs caused by Iran's blockade.

Ghana's Inflation Stabilized by Gold, Not Oil
Businessmyjoyonline1h ago

Ghana's Inflation Stabilized by Gold, Not Oil

Ghana experienced a significant inflation surge in 2022, reaching 54.1 percent annually, with rising prices across all sectors. Analysis suggests that gold is a more effective stabilizer for Ghana's inflation than oil.

Global Ripple Effects of the Iran War Examined
WorldNYT21m ago

Global Ripple Effects of the Iran War Examined

The ongoing conflict in Iran is causing widespread global ripple effects, including rising energy prices, negative impacts on farmers, and a significant reshaping of geopolitical landscapes worldwide.

[Man-Ki Kim] Korea’s supply chain imperative
BusinessKorea Herald1h ago

[Man-Ki Kim] Korea’s supply chain imperative

Rising tensions in the Middle East have once again shaken global oil markets, raising concerns about potential disruptions to the Strait of Hormuz, one of the world’s most critical energy transit routes. For Korea, which imports nearly all its energy, such uncertainty poses a serious economic risk. The Strait of Hormuz is a vital artery for global energy. A large share of the world's crude oil and liquefied natural gas passes through this narrow corridor. Even brief disruptions can trigger price