US drivers face long-term pain at pump, analysts say; Trump bets they are wrong - Reuters

US drivers face long-term pain at pump, analysts say; Trump bets they are wrong  Reuters

Jet fuel prices and airfares are rising. Travelers are still booking flights, US airlines say - AP News

Jet fuel prices and airfares are rising. Travelers are still booking flights, US airlines say  AP News

Russian Oil Bound for China Is Diverted as India Grabs More - Bloomberg.com

Russian Oil Bound for China Is Diverted as India Grabs More  Bloomberg.com

DiDi raises prices in Australia to cover soaring petrol costs amid conflict in the Middle East

Other delivery and transport companies such as Uber, DoorDash and Australia Post are weighing whether to charge more Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Rideshare giant DiDi has raised its prices to cover soaring petrol costs, becoming one of the first major companies after the airlines to charge Australian consumers more as a result of the conflict in the Middle East. Uber, DoorDash and Australia Post were amon...

By Luca Ittimani

Diesel prices surge to highest since 2022, raising concern for shipping, consumer costs

The ongoing U.S.-Iran war is causing diesel prices to spike across the country, climbing nearly 30 per cent since the beginning of March. In some parts of Quebec, a litre of diesel is selling for almost $2.50.

Asia-Pacific markets set to rise as Middle East tensions escalate after UAE energy attacks

Asia-Pacific markets were set to climb on Wednesday as investors tracked escalating tensions in the Middle East.

Red Sea fix? China-bound oil tankers tap Saudi plan to bypass Strait of Hormuz

Saudi Arabia is activating its Red Sea “Plan B” to divert crude via the port of Yanbu, allowing tankers – including Chinese very large crude carriers (VLCCs) – to bypass the Strait of Hormuz, though analysts warn the route has limited capacity. The move comes after Iran effectively closed the strait in response to United States and Israeli military strikes, a conflict now in its third week that has rattled global energy markets. New Vista, a VLCC owned by China Merchants Energy Shipping, had...

By Carol Yang

About 90 ships have crossed the Strait of Hormuz since war began. Here’s how

Most shipping traffic through the Strait of Hormuz, which supplies roughly one-fifth of the world’s crude oil, has been halted since early March

By Chan Ho-Him and Sheikh Saaliq

US drivers face long-term pain at pump, analysts say; Trump bets they are wrong

About 90 ships have crossed Strait of Hormuz so far as Iran exports millions of barrels of oil despite war

Due to Western sanctions and associated risks, China has been the biggest buyer of Iranian oil

30 mn barrels in a week! India grabs more Russian crude amid US-Iran war

Data from Vortexa Ltd. indicates that at least seven vessels transporting Russian crude have altered their routes mid-journey, changing course from China to India. At present, all major Indian refiners are actively sourcing Russian oil.

By TOI BUSINESS DESK

Russian Oil Bound for China Is Diverted as India Grabs More

A Russian oil-laden tanker that was bound for China has U-turned in the South China Sea, and is now hurrying to India

Russia Oil Tanker Bound For China Makes U-Turn. Now, Heading To India

A Russian oil-laden tanker that was bound for China has U-turned in the South China Sea, and is now hurrying to India after New Delhi began doubling down on imports from Moscow.

Seoul raises oil alert level as Middle East tensions threaten supply

South Korea on Wednesday raised its oil resource security alert, warning that the war in the Middle East is heightening risks to supply and pushing up global prices. Seoul has also decided to import a total of 24 million barrels of crude from the United Arab Emirates, equivalent to more than eight times the country’s daily consumption, in a move aimed at stabilizing supply. Iran has responded to the US-Israeli attacks by blockading the Strait of Hormuz, a vital sea lane for oil and gas. The supp

By The Korea Herald

Tokyo stocks end mixed, early gains lost on oil price concerns - 毎日新聞

Tokyo stocks end mixed, early gains lost on oil price concerns  毎日新聞

UAE pledges to supply crude oil to S. Korea with top priority: presidential aide - Yonhap News Agency

UAE pledges to supply crude oil to S. Korea with top priority: presidential aide  Yonhap News Agency

Brent crude rises to three-and-a-half-year high as Iran widens strikes on energy targets

Asia pivots to coal as Middle East conflict chokes LNG supply - The Jakarta Post

Asia pivots to coal as Middle East conflict chokes LNG supply  The Jakarta Post

OIL PRICE WATCH as of March 18, 2026

MANILA, Philippines — Motorists were hit with a big-time increase in oil prices this week, with no immediate relief in sight as global oil markets remain under pressure driven by supply concerns linked to ongoing tensions in the Middle East. Market watchers said the current trend suggests that prices could remain elevated, especially if supply

By Dona Policar

Iran war hikes costs for manufacturers - The Star

Iran war hikes costs for manufacturers  The Star

$5 Diesel Means A 35% Jump In Prices For US Consumers

$5 Diesel Means A 35% Jump In Prices For US Consumers While US gasoline prices have risen substantially since the start of the Iran war (although RBOB futures suggest there is much more upside should oil prices remain around $100), the average price of diesel has already soared above $5 per gallon in the US, the highest since 2022, and pushing up supply chain costs and setting the stage for broader inflation for consumers. The price spike is increasing costs for farmers, truc...

By Tyler Durden