Australia brings forward east coast gas reservation start date
Australia's federal government has announced changes to its east coast gas reservation policy, requiring Queensland LNG ventures to set aside 20% of export volumes for Australian users from July next year.The scheme is intended to avert looming east coast gas shortages and put downward pressure on domestic prices.Energy Minister Chris Bowen said the measure would create a modest oversupply in the east coast market.The policy applies to Queensland's three LNG ventures and is being introduced as the biggest intervention in the market in more than a decade.The government said it would ensure Australians were no longer exposed to international market... [Continue Reading]
360LiveNews | 07 May 2026 05:00 LONDON
Last planned Middle East oil tanker reaches California amid Hormuz disruption
A tanker carrying about 2 million barrels of crude oil from Iraq has arrived in Long Beach, California, in what has been described as the last planned shipment from the Middle East to pass through the Strait of Hormuz before the conflict disrupted flows.The vessel, the New Corolla, left the Middle East for California before the war broke out.The shipment reached the state this week, according to the supplied report.California Energy Commission vice-chair Siva Gunda told legislators that the state can meet fuel demand for the next six weeks with current supply.Officials say California imports about a third of its... [Continue Reading]
360LiveNews | 06 May 2026 20:30 LONDON
Trump warns Iran deal could end blockade, or bombing of Iran intensify
President Donald Trump made multiple posts on Truth Social in the last hour: - "Assuming Iran agrees to give what has been agreed to, which is, perhaps, a big assumption, the already legendary Epic Fury will be at an end, and the highly effective Blockade will allow the Hormuz Strait to be OPEN TO ALL, including Iran. If they don't agree, the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before. Thank you for your attention to this matter!" - "The White House Ballroom is going up rapidly on the East... [Continue Reading]
Breaking-360LiveNews | 06 May 2026 13:00 LONDON
Argentine fans react to record World Cup ticket prices
Dynamic ticket pricing has made this year's World Cup the most expensive in history, according to the supplied report, with Argentine fans said to be being pushed to extremes.The confirmed detail is limited to the pricing model and its effect on supporters in Argentina.The row does not give ticket categories, specific prices, or examples of individual fans.No casualties or public safety issues are reported, and no official response is included in the supplied material.The development is instead centred on access to tickets and the cost of following the tournament.The issue matters because World Cup ticket sales are a major part... [Continue Reading]
360LiveNews | 06 May 2026 11:31 LONDON
Trump says talks with Iran are progressing on possible deal
United States President Donald Trump has said talks with Iran over the past 24 hours make a deal "very possible" as Tehran reviews a US peace proposal.The proposal is reported to be a one-page memorandum that would formally end the conflict, while leaving key issues unresolved, including Iran's nuclear programme and the reopening of the Strait of Hormuz.Trump made the remarks in the Oval Office, saying the two sides had held "very good talks".Iranian officials, however, publicly dismissed the proposal as unrealistic and said Tehran would convey its response.The latest comments come as the war, which began on 28 February,... [Continue Reading]
360LiveNews | 05 May 2026 21:30 LONDON
ASEAN summit in the Philippines overshadowed by rising fuel costs
ASEAN leaders have begun meeting in the Philippines, with the summit quickly overshadowed by concerns over soaring fuel prices and living costs.Residents near the venue say the cost of fuel is their main worry, according to the confirmed reporting from the meeting area.The gathering is taking place as the regional bloc faces what officials have described as a "stress test decade".The immediate pressure on the summit is linked to energy dependence across member states and the wider impact of the Iran conflict.Officials say many ASEAN countries rely heavily on energy supplies from the Gulf.That makes the issue relevant beyond the... [Continue Reading]
360LiveNews | 05 May 2026 18:00 LONDON
Trump downplays economic effects of Iran war at White House event
Donald Trump used a White House event for Small Business Week to present the US economy in upbeat terms, describing it as "roaring" and saying gas prices would go down soon.The remarks came as he addressed the economic backdrop of the Iran war, but the supplied material does not include any new policy announcement or specific economic measures.The comments are notable because they frame the conflict's economic impact in political messaging terms rather than as an immediate domestic crisis.They also suggest the White House is seeking to reassure businesses and consumers about prices.The event was held at the White House... [Continue Reading]
360LiveNews | 05 May 2026 03:32 LONDON
US and UAE report attacks as tensions rise around Strait of Hormuz
US forces have said they sank six small Iranian boats while escorting merchant ships through the Strait of Hormuz, as the United Arab Emirates reported missile and drone attacks on its territory.The incidents mark a sharp escalation in a confrontation that has centred on the strategic waterway.The US military said two American-flagged merchant ships successfully transited the strait on Monday as part of a new initiative to reopen the passage.The UAE defence ministry said its air defences engaged 15 missiles and four drones fired by Iran.Authorities in Fujairah said one drone sparked a fire at a key oil facility and... [Continue Reading]
360LiveNews | 05 May 2026 01:00 LONDON
EU to clarify airport refuelling rules as jet-fuel shortages loom
The European Union is preparing guidance on whether airlines can use US-standard Jet A fuel and whether anti-tankering rules can be relaxed as jet-fuel shortages loom.The move is due after a Thursday meeting of the bloc's weekly oil coordination group.Jet fuel is trading above $1,500 per tonne in Europe, up from $830 per tonne before the Iran war.The guidance is expected to clarify whether aircraft can carry more fuel on board and whether imports of US Jet A fuel could be permitted to ease supply pressures.The rules under discussion were introduced through ReFuelEU last year and require airlines to refuel... [Continue Reading]
360LiveNews | 04 May 2026 14:30 LONDON
Iran war disrupts energy markets amid conflicting stock signals
The ongoing conflict in Iran continues to cause significant disruption in global energy markets.Despite this turmoil, US stock markets have shown mixed signals, with the S&P 500 posting its best monthly performance since November 2020.Energy markets remain unsettled due to the instability in the Middle East, reflecting concerns over supply and geopolitical risks.Meanwhile, the S&P 500 index experienced strong gains throughout April, indicating investor optimism in certain sectors.The disruption in energy markets has implications for global economic stability, as fluctuations in oil prices can affect inflation and production costs worldwide.The contrasting performance of stock markets highlights the complex economic environment... [Continue Reading]
360LiveNews | 01 May 2026 15:31 LONDON
Catfish sold as traditional fish and chips in UK chip shops
An investigation has revealed that some chip shops in the United Kingdom have been selling catfish as traditional fish and chips without properly informing customers.The practice involves mislabeling cheaper catfish species as cod or haddock, misleading consumers and undercutting honest businesses.The BBC North West investigation found that at least 10 chip shops, five in Liverpool and five in Manchester, were involved in this mis-selling.DNA testing conducted at Liverpool John Moores University confirmed that three of the sampled shops sold pangasius catfish, also known as river cobbler, instead of the fish species listed on their menus.Catfish is significantly cheaper than traditional... [Continue Reading]
360LiveNews | 01 May 2026 01:32 LONDON
Medication shortages worsen in England, risking patient health
Patients in England are facing severe shortages of critical medications, including those used to treat epilepsy, due to ongoing supply issues and NHS pricing policies.The situation has reached a critical point, with hundreds of everyday drugs becoming difficult to obtain across the country.One affected patient, 29-year-old Chloe, who has epilepsy, has been unable to access her life-saving Lamotrigine medication.She reported that her seizures returned after missing doses, resulting in a fall that caused a significant injury.Chloe described the experience as terrifying and highlighted the anxiety caused by the difficulty in obtaining necessary medication.The shortages are impacting a wide range of... [Continue Reading]
360LiveNews | 01 May 2026 01:30 LONDON
European Central Bank holds interest rates amid inflation surge
The European Central Bank (ECB) decided to keep its main interest rates unchanged on 30 April 2026 despite a rise in inflation across the Eurozone.Headline inflation increased to 3% in April, driven primarily by a sharp jump in energy prices.Energy inflation alone rose by 10.9% in April, contributing significantly to the overall inflation figure.However, the ECB's governing council opted against raising borrowing costs due to concerns that higher rates could further weaken economic growth.ECB President Christine Lagarde explained that the ongoing conflict is weighing on economic activity, with high energy costs reducing household and business incomes, leading to lower consumption... [Continue Reading]
360LiveNews | 30 Apr 2026 17:03 LONDON
US economy grows 2% in Q1 2026 amid Iran war clouds
The United States economy expanded at a 2 percent annual rate in the first quarter of 2026 despite emerging uncertainties linked to the ongoing war in Iran.Official data released by the Commerce Department showed a rebound from the previous quarter's modest 0.5 percent growth.Government spending and investment surged by 9.3 percent, contributing significantly to the overall growth.Business investment also rose sharply by 8.7 percent, likely driven by increased spending on artificial intelligence technologies.Consumer spending, which accounts for about 70 percent of US economic activity, slowed to 1.6 percent growth compared to 1.9 percent in the last quarter of 2025.The housing... [Continue Reading]
360LiveNews | 30 Apr 2026 15:33 LONDON
US President Trump Maintains Naval Blockade on Iran as Rial Hits Record Low
The United States has intensified its naval blockade of Iran, with President Donald Trump confirming no plans to lift the siege amid ongoing economic turmoil.The blockade, in place since late February, aims to exert maximum economic pressure on the Iranian regime.On April 30, the Iranian rial plummeted to a historic low of 1.8 million rials per US dollar, marking a significant depreciation since the conflict began.The euro also traded at 2.1 million rials, reflecting the accelerated collapse of the currency.This currency freefall has exacerbated Iran's inflation crisis, with annual inflation reaching 53.7% in the first month of the Iranian calendar... [Continue Reading]
360LiveNews | 30 Apr 2026 15:31 LONDON
The Great Uncoupling: Abu Dhabi’s Sovereign Gambit
The UAE’s decision to cut ties with OPEC is far more than a mere adjustment of energy policy, for it functions as a political telegram written in barrels and sent directly to the heart of the global order. For nearly six decades, Abu Dhabi operated within the rigid architecture of producer discipline, where it accepted the rituals of quotas, the formality of communiqués, and the heavy burden of collective restraint. It played the long game of oil diplomacy with a patient hand, balancing its own massive national ambitions against the gravity of cartel discipline and the delicate logic of Gulf... [Continue Reading]
360LiveNews-Opinion | 30 Apr 2026 09:50 LONDON
The Glass Elevator to Nowhere: A World Trapped in a Chocolate Factory
As a journalist in my mid-fifties, I thought my skin had thickened to the point of being impenetrable. I have covered the rise and fall of regimes, the grinding gears of the Cold War's leftovers, and the digital revolutions that promised to unite us. I thought I had seen every trick in the political playbook. Then came Donald Trump’s 2026 foreign policy, and I realized I was not watching a statesman; I was watching a child play with a chemistry set he does not understand. The Willy Wonka of the West: Rule by Whim Walking into a press briefing lately... [Continue Reading]
360LiveNews-Opinion | 02 Apr 2026 09:44 LONDON
