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European officials report that Iran is pushing Houthi rebels to restart attacks on Red Sea shipping to gain leverage against the U.S.
Australia is halving its gasoline and diesel taxes to shield citizens from the rising fuel costs caused by Middle East instability.
Brent crude hits $115.70 as tensions rise between the U.S. and Iran following reports of potential ground military operations.
Iran claims that recent calls for negotiations are a cover for a U.S.-backed ground invasion as regional tensions escalate.
Nations are responding to the global energy crisis with contrasting policies: Egypt mandates early business closures, while Australia makes public transit free.
Egypt implements strict energy-saving measures while Australia offers free public transit to combat rising global fuel costs.
Yemen's Houthi movement has warned they will join the conflict if Iran is attacked or if the Red Sea is used for military operations against Tehran.
Nearly 1,900 commercial vessels are stranded in the Persian Gulf following recent military escalations, causing a major disruption to global trade.
The Philippines has declared a national energy emergency as Middle East tensions threaten global oil supply chains.
U.S. President Donald Trump has reportedly sent a 15-point peace plan to Iran, but Tehran has rejected the overture, insisting on its own terms for ending the conflict.
Nine migrants have died and 45 are missing after a boat carrying 320 people capsized off the coast of Djibouti.
Iran denies closing the Strait of Hormuz but has introduced strict conditions for vessels, limiting passage to those not linked to hostile actions.
