Mission Critical: Hormuz block could freeze EU out of LNG
The Hormuz blockade has removed a fifth of global LNG from the market at the worst possible moment, and every week of delay makes the refill maths harder to solve. EU gas storage stood at around 28% capacity in early April, its lowest seasonal level since the 2022 supply crunch, with Germany roughly a fifth full and France in a similar position. These numbers would ordinarily prompt mild con
Trump rejects Iran's ceasefire ahead of Hormuz deadline
United States President Donald Trump has pushed back against the latest ceasefire proposal from Iran, just one day before the deadline to reopen the Strait of Hormuz. Trump called the 45-day ceasefire proposal “not good enough”, while Iran says the war will continue as long as is deemed necessary. "We can continue the war as long as the political authorities see fit," said army spokesmanTrum
US job growth rebounds to beat forecasts in March
The United States labour market added 178,000 jobs in March, far more than expected, rebounding from February’s major losses. March’s nonfarm payrolls increase was more than three times the Dow Jones consensus estimate of 59,000. The U.S. had lost 133,000 jobs in February. “In March, job gains occurred in health care, in construction, and in transportation and warehousing. Federal government
EVs reach record market share as sales double
Electric vehicles (EVs) achieved their highest share of the Australian vehicle market after sales surged in March, according to the Federal Chamber of Automotive Industries (FCAI). FCAI Chief Executive Tony Weber said 15,839 battery EVs were sold in March, accounting for 14.6% of total sales, up from 7.5% in March 2025, according to VFACTS (Vehicle Facts) sales data. Weber said that although
IMF cuts growth outlook as Iran war disrupts oil
The war in the Middle East has triggered a global economic shock that will push up inflation and slow growth, the head of the International Monetary Fund (IMF) warned, as energy disruptions ripple through supply chains and financial markets ahead of updated forecasts. In an interview with Reuters, IMF managing director Kristalina Georgieva said the conflict had already forced the Fund to abando
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