Fatih Birol says world is losing 11m barrels of oil per day, more than the 1973 and 1979 energy shocks combined; IRGC threatens to completely close strait of Hormuz if Trump acts on infrastructure threats
New Zealand will temporarily permit fuel meeting Australian standards to be supplied domestically for up to 12 months, the government said on Monday, as it seeks to mitigate supply risks linked to the Middle East conflict and soaring prices.
Associate energy minister Shane Jones said the alignment of fuel standards would give importers access to more options and reduce the risk of disruptions.
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