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BusinessGlobal issuesIran war: Oil shortages threaten global energy securitySrinivas Mazumdaru05/28/2026May 28, 2026Strategic petroleum reserves are declining rapidly as countries release emergency crude supplies to cushion the …

Former foreign minister Alexander Downer says the Iranian people are the ones “really suffering” as a result of their theocratic regime. “They don’t have the capacity …

Former foreign minister Alexander Downer backs US President Donald Trump’s strikes on Iran as “justified,” claiming Tehran’s actions in the Strait of Hormuz amounted to an …

The United States struck southern Iran on Thursday, drawing retaliation from Tehran against a US military base, in the most serious clashes since an April ceasefire …