G7 inches closer to tapping oil reserves to tackle price rise
The Group of Seven advanced economies inched closer Wednesday to tapping strategic oil reserves to tackle the rise in crude oil prices due to the Middle East war as energy ministers said they stood ready to take "all necessary measures".
Read moreAirlines in Asia hike fares as Mideast war raises fuel costs
Airlines in the Asia-Pacific region, including Qantas, Air India and Cathay Pacific, have hiked fares -- or will soon -- to factor in surging jet fuel prices spurred by war in the Mideast.
Read moreUK govt to release first batch of Mandelson files
Britain's government was due Wednesday to publish the first tranche of documents relating to Prime Minister Keir Starmer's controversial appointment of a Jeffrey Epstein associate as UK ambassador to Washington.
Read moreEuropean football clubs score with stadium rebuilds
On a former derelict dock in the British port city of Liverpool, fans of Everton throng eateries and bars at the football club's new stadium ahead of a Premier League match.
Read moreTrump said Iran 'welcome to compete' in World Cup, says Infantino
US President Donald Trump has said that Iran is "welcome" to participate at the upcoming World Cup in North America, despite the ongoing Middle East war, FIFA chief Gianni Infantino said on Wednesday.
Read more'No good choice': the Afghans forced to return from Iran
Exhausted Afghans cross the border from Iran in a sandstorm, leaving behind a country in the grip of war to return to a homeland that is battered by conflict and humanitarian crisis.
Read moreAsia stocks rise but oil resumes gains amid IEA supply report
Asian equities rose Wednesday while oil resumed its gains as traders weighed growing supply concerns against a report that the International Energy Agency was considering the release of a record amount of its reserves.
Read moreCathay says surcharge to rise as fuel prices jump during Mideast war
Hong Kong aviation giant Cathay Pacific said on Wednesday that fuel surcharges would rise as prices soared in March after war broke out in the Middle East.
Read moreCargo vessels hit as Iran threatens to close Gulf oil chokepoint
Three commercial ships took fire in the Gulf on Wednesday as Iran launched strikes against its oil-exporting neighbours, threatening shipping in the Strait of Hormuz and plunging the global energy economy into crisis.
Read moreG7 energy ministers 'ready' to take 'necessary measures' on oil reserves
Energy ministers of the G7 said on Wednesday they stood ready to take "all necessary measures" in coordination with the International Energy Agency (IEA) to tackle the rise in crude oil prices due to the Middle East war.
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