The Australian government has decided to temporarily reduce the fuel tax by half in order to shield consumers from the effects of rising global energy prices, which have increased due to the ongoing conflict in the Middle East, according to Bloomberg, which is quoting official statements from Australian authorities. On April 1, the tax on petrol and diesel will be lowered by about AUD 0.26...

According to Bloomberg's sources, the US presidential administration is evaluating the economic consequences of a potential increase in oil prices to $200 per barrel. Based on these sources, US officials aim to be ready for every possibility, including an extended conflict in the Middle East. The agency stated that prior to the initiation of the US military operation against Iran, US Treasury...

The European Parliament endorsed legislative measures to fulfill the EU's obligations under the trade agreement with the United States. A total of 417 legislators backed the bill, 154 opposed it, while 71 chose to abstain. "Today's vote is a significant procedural move and a political message that the EU honors its commitments," stated European Commissioner for Economic Affairs Valdis Dombrovskis...

Hungarian Prime Minister Viktor Orban announced that Budapest will suspend gas supplies to Kyiv until oil transit through Ukraine via the Druzhba pipeline is resumed. "As long as Ukraine does not supply oil, it will not receive gas from Hungary," he wrote on Facebook. Orban said that Hungary needs to make sure its energy security is safe and that gasoline prices should stay at a protected level...

Iranian officials have started charging fees to ship crews that pass through the Strait of Hormuz. Bloomberg’s sources report that a fee of $2 million per ship is being charged on an individual basis, which is effectively acting as an informal fee for using the sea route. The sources mentioned that some ships have already made payments, though the exact method of payment remains unclear,...

A US amphibious assault unit, made up of three amphibious vessels transporting Marines, is set to reach the Arabian Sea in the upcoming days, within the operational area of the US Central Command in the Middle East (CENTCOM), as reported by the British newspaper The Sun. By the week's end, they are anticipated to reach the northern Arabian Sea, where the US Navy's carrier strike group, commanded...

According to sources mentioned by Politico, the European Union has opted to restrict the quantity of sensitive information it shares with Hungary. As per the sources of the publication, these modifications took place amid increasing worries that the government of Hungarian Prime Minister Viktor Orbán might be passing such information to Russia. Previously, Polish Prime Minister Donald Tusk...

US President Donald Trump stated that he did not inform allies, such as Japan, ahead of the military operation in Iran to maintain an element of surprise. "We kept it secret to maintain the element of surprise," he replied to a reporter's question at the White House. "Who understands surprises more than Japan? Why were we not alerted about Pearl Harbor?" Trump made a joke, reminiscing about...

Tehran carried out a new series of attacks on Israel during the early hours of Wednesday, stating that these actions are meant to seek revenge for the death of Ali Larijani, who serves as the Secretary of Iran's Supreme National Security Council. According to Press-TV, the Islamic Revolutionary Guard Corps (IRGC) stated that it carried out a series of missile attacks on Israel as a response to...