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Iran has set ablaze two tankers in Iraqi waters as it increased attacks on oil and transport facilities across the Middle East Iran escalates attacks on infrastructure and transport across the Gulf How have you been affected by the latest Middle East events? The Australian government has announced a temporary downgrade in the country’s fuel quality standards, a move designed to put an extra 100m litres a month into the system. Federal energy minister Chris Bowen told parliament that in order to assist with putting downward pressure on prices, the government would allow a 60-day change to allow higher sulfur levels in fuel. While Australian fuel consumption has not changed, this will help relieve pressure on distribution chains disrupted by elevated demand. The government has been unequivocal – this additional supply must help the people who need it, including farmers, fishers and regional communities. Continue reading...

Why Oil Pushed Past $100 A Barrel Despite Historical Release Of Reserves  NDTV

Supertankers rush to Red Sea port as Iran war chokes Gulf oil exports  Financial Times

Iran war has blocked the Strait of Hormuz, a vital oil choke point. Reopening it is a big challenge  Messenger-Inquirer

Indian oil to get safe passage through Hormuz after Jaishankar's call to Iran  India Today

Oil soars above $100 after Iran says Strait of Hormuz will remain shut  CNN

India rations cooking gas as Strait of Hormuz tensions choke supplies  The Independent

Oil prices continue to surge despite the International Energy Agency's plans to release 400m barrels into the market.

Three crew members were "believed to be trapped" aboard a Thai bulk carrier that was hit by two projectiles on Wednesday while travelling through the crucial Strait of Hormuz, the vessel's owner said. Iran's Revolutionary Guards said Wednesday they had struck the Thai-registered Mayuree Naree, as well as a Liberia-flagged vessel, in the strait because the ships had ignored "warnings". The Thai ship was struck Wednesday morning while transiting through the Gulf waterway, after departing Khalifa port in the United Arab Emirates.

Middle East crisis live: Iran steps up campaign to disrupt energy markets as oil price hits $100 a barrel  The Guardian

S Jaishankar's Intervention Behind Iran's Hormuz Clearance To India: Sources  NDTV

Five vessels attacked in Gulf, Strait of Hormuz as war puts merchant ships on front lines  Yahoo

Strait of Hormuz: US attacks Iranian minelayers  Table.Briefings

Strait of Hormuz tensions rise; ministry urges prayer for U.S. troops  Mission Network News

Unidentified projectile hits ship near UAE's Jebel Ali, UKMTO says An unidentified projectile struck a container ship 35 nautical miles north of Jebel Ali in the UAE, causing a small fire, the United Kingdom Maritime Trade Operations (UKMTO) reported on Thursday. "All crew are reported safe... No environmental impact has been reported at this time," the agency added.

Middle East war live: Iran's new supreme leader calls for Strait of Hormuz to remain closed  France 24

Strait of Hormuz disruption: Iranian oil continues to flow at a 'near-normal' pace  MSN

Oman evacuates vessels from key oil export terminal: Report Oman has evacuated all vessels from its main oil export terminal at Mina Al Fahal as a precautionary measure, Bloomberg reported.  The terminal, which sits outside the disrupted Strait of Hormuz, is one of the few remaining ports where crude from the region can be shipped to global markets.

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