Fire breaks out at crucial Australian refinery, raising fuel supply fears
Gas leak ignites plant in Victoria that produces about 10 percent of Australia’s fuel.
![A Havana local smokes a cigar on the Malecón - the city’s waterfront area. Both domestically and abroad, Cuban cigars are becoming an increasingly rare luxury. [Euan Wallace/ Al Jazeera]](/wp-content/uploads/2026/04/DSC02741-1775944580.jpg?resize=770%2C513&quality=80)
![The confirmation hearing from Kevin Warsh, Trump’s pick to be Powell’s potential successor is scheduled for next Tuesday [File: Kent Nishimura/Reuters]](/wp-content/uploads/2026/04/2025-07-24T214447Z_34146845_RC28TFAVNX5J_RTRMADP_3_USA-TRUMP-FED-1776262869.jpg?resize=770%2C513&quality=80)
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EXPLAINER
How much will US Hormuz blockade hurt Iran, and does Tehran have an escape?
Iran earned $5bn in oil exports in past month while it shut the strait for most other ships. That revenue is at risk.
Global oil demand to plunge amid disruptions caused by war on Iran: IEA
The IEA’s oil ‘demand destruction’ report comes after its chief said unnamed countries are hoarding stocks.
Sanctioned tankers transit Strait of Hormuz amid US blockade
Chinese-owned tanker Rich Starry becomes the first sanctioned vessel to exit the Gulf after the US blockade.
Energy prices rise despite Jones Act suspension by Trump
Shipping costs have increased by more than 10 percent in the past month due to the US-Israel war on Iran.
New White House report has plans to fix US housing shortage of 10 million
A new report lays out a blueprint for how more home construction would help the middle class and the overall economy.
From: NewsFeed
Indian workers protest over rising living cost
Police have scaled up enforcement in the Indian city of Noida as a factory workers’ protest turns violent.
Published On 13 Apr 2026
EXPLAINER
Why oil prices aren’t what you think – and what it means for global supply
Growing gap between physical and on-paper oil prices points to more serious energy shock than appreciated, analysts say.
Ceasefire brings some relief for Iranians but economic outlook remains grim
Activity picks up in Tehran’s Grand Bazaar compared with before the ceasefire, but vendors say sales remain slow.
EXPLAINER
What’s at stake in Benin’s presidential election?
Finance minister is favourite to win on Sunday as incumbent Talon will step down after leading the country for 10 years.
Colombia responds to Ecuador’s tariff hike with 100-percent import tax
The tit-for-tat tariff increase comes amid cross-border tension over illicit drugs and fate of politician Jorge Glas.
