US Treasury secretary Scott Bessent says Iran’s Kharg Island storage facilities will be full and their ‘fragile’ oil wells shut in mere days because of the blockade; oil prices rise amid ongoing uncertainty
Far-flung Pacific nations are reeling from the impact of a global fuel crisis.
Aid agencies have warned that the crisis has driven up prices for diesel, petrol and kerosene by as much as 70% in Papua New Guinea since the start of the Iran war.
