American agriculture is facing a collision of pressures as higher energy costs compound weak crop prices, trade uncertainty and challenging weather. While the sector remains resilient overall, rising fuel and fertiliser costs are putting fresh strain on many grain producers.
Kyrgyzstan has introduced an indefinite ban on the export of crude oil and petroleum products by road and rail in an effort to prevent fuel shortages and strengthen the country's energy security.
Ten EU countries, led by Italy and Poland, have urged the European Union to reconsider a new carbon price on fuel as part of a wider overhaul of the bloc's carbon market, according to a joint statement seen by Reuters.
Kyrgyzstan's government has banned the sale of gasoline and diesel fuel indefinitely. The Central Asian country imports more than 90 per cent of its fuel from Russia, which has faced supply issues due to Ukrainian attacks on oil refineries.
Russia’s fuel shortages are spreading into Central Asia, exposing the region’s heavy reliance on Russian petrol and diesel as governments race to secure alternative supplies and contain rising prices.
Kazakhstan has limited vehicle entries from Russia and neighbouring countries to one per day to tackle illegal fuel smuggling. The restrictions come amid a surge in Russians crossing the border to buy gasoline, as prices at home soar due to the Ukrainian strikes on Russian oil refineries.
Russia is facing widening fuel shortages across multiple regions after sustained Ukrainian drone strikes on refineries and fuel depots disrupted domestic oil processing and distribution networks, according to reports from affected areas and official statements.
The Kyrgyz government has tightened oversight of the country's fuel market, introducing stricter monitoring measures to prevent petroleum shortages and ensure stable supplies amid continuing geopolitical uncertainty.
Kazakhstan has not received an official request from Russia for petrol supplies, Energy Minister Yerlan Akkenzhenov said, as fuel shortages and sales restrictions in Russia raise concerns over fuel supplies across Central Asia.
Russia is in talks with Kazakhstan over possible petrol imports after refinery disruptions tightened domestic fuel supplies, four industry sources told Reuters.
Authorities in Russia's Omsk region have imposed limits on petrol and diesel sales as officials seek to stabilise the local market and prevent speculation amid tightening fuel supplies.
Indian drivers face higher fuel costs after state-run fuel retailers raised petrol and diesel prices for the first time in four years by three rupees ($0.03) per litre, equivalent to more than 3%.
Armenia’s Security Council Secretary Armen Grigoryan says progress in talks with Azerbaijan is helping the country manage economic and security pressures as regional conflicts and alliances shift.
A major fire at the Geelong oil refinery near Melbourne in Australia on Wednesday 15 April was extinguished on Thursday lunchtime officials said. It's one of Australia's largest and critical plant's. Authorities said it is still producing jet fuel and diesel but at reduced levels.
Residents in Pakistan say they are feeling "crushed" and have to put filling up the tank before putting food on the table. Diesel is set to rise by 55% and petrol 43% as the government hike prices for the second time in a month.
China is emerging as one of the more stable economies amid the latest global oil shock, thanks to years of planning, diversified energy sources and a steady shift towards renewable power.
The escalation of conflict involving the United States, Israel, and Iran since 28 February 2026 has moved beyond a regional security crisis to become a systemic shock to the global economy and our pockets.
Europe's aviation sector hit - and may well have surpassed - a 2% mandate for green jet fuel use in 2025, a regulatory official and a source told Reuters, bolstering airlines' green credentials as the region seeks to cut reliance on hydrocarbons.
Australian Prime Minister Anthony Albanese said on Monday the government would halve the excise on fuel and diesel and remove the heavy road user charge for three months to help households cope with a surge in costs driven by the Iran war.
A powerful tropical cyclone in Western Australia has disrupted production at the country’s two biggest liquefied natural gas plants run by Chevron and Woodside, exacerbating a global supply crunch caused by the conflict in the Middle East.
Petrol price spikes triggered by the war in Iran are boosting used electric vehicle sales across Europe, online car platforms told Reuters, in an early sign that pain at the pump is pushing consumers away from combustion engines.
A flotilla carrying humanitarian aid arrived in Havana on Tuesday morning (24 March) amid a U.S. oil blockade that has dealt a major blow to the island's already ailing energy infrastructure.
China is raising domestic petrol and diesel prices under temporary measures to manage a sharp surge in global oil costs, aiming to support fuel suppliers while maintaining market stability during a period of heightened volatility.
British Prime Minister Sir Keir Starmer said on Monday (23 March) that Britain must plan for the possibility that the Iran war could continue for some time, and added that he had no "meaningful concerns" about energy supply.
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