PANAMA CITY, April 16 (Reuters) – The Panama Canal Authority on Thursday downplayed a report that an LPG vessel paid $4 million to jump the transit queue, saying the result reflected temporary market conditions rather than a fee set by the waterway, as the Iran war drives more traffic to the canal. “The recent outcome…
TOKYO — Oil prices resumed their climb and global markets mostly declined Monday as the U.S. military prepared to blockade traffic to and from Iranian ports and the Strait of Hormuz, where most shipping has been stalled by Iran since the start of the war. U.S. President Donald Trump announced the planned blockade after U.S.-Iran…
SYDNEY, March 28 (Reuters) – Australia will amend its export-finance laws in an effort to bolster fuel security as the Iran war continues to affect the nation’s supply chain, Prime Minister Anthony Albanese said on Saturday. Australia, which imports about 90% of its fuel, has experienced localised shortages in the month since the U.S. and…