Inflation climbs to 4.6% in Australia as global oil shock fuels economic pressure
April 29, 2026
Australia faces inflation surge driven by global oil crisis and escalating domestic cost pressures.
Australia faces inflation surge driven by global oil crisis and escalating domestic cost pressures.
The United Arab Emirates has announced that it will withdraw from OPEC and OPEC+, which includes Russia, effective May 1, 2026.
Global transport trends shift toward electric vehicles amid rising fuel prices and geopolitical tensions.
Minister Araghchi seeks Russian backing as direct talks with Washington hit a standstill.
In an interview with Fox News, Trump said that if Iran truly wants dialogue, it should reach out directly to the United States.
The President of the United States, Donald Trump, has given Iran between three and five days to reach a firm decision to present to Washington before the current ceasefire expires.
Donald Trump announced that, following his request, eight women who had participated in protests against the rising cost of living in Iran and were reportedly facing execution, have had their death sentences lifted.
The President of the United States, Donald Trump, has announced that the ceasefire will remain in place until negotiations to end the war with Iran—which has lasted nearly two months are concluded.
Donald Trump has warned that Iran will face unprecedented problems if it refuses to engage in negotiations with the United States.
Since the Iran war began, the world has lost about $50 billion in the value of unprocessed petroleum products over more than 50 days of conflict.
