Several social media users cited photos to claim that three ships were on fire in the Gulf of Oman, near the Strait of Hormuz ...

Treasurer Jim Chalmers has warned Australians could face a “perilous” threat to fuel prices as global supply chains are at risk from the heated Iran-Israel conflict.

Oil jumped after US President Donald Trump called for the evacuation of Tehran before paring gains, with the market on edge about an escalation in the conflict with Israel that could disrupt crude ...