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An attack on two oil tankers in one of the world's most important shipping lanes has sparked fears that petrol prices are about to soar. The tankers were attacked by torpedoes in the Gulf of Oman, off the coast of Iran, early on Friday morning. The attack could see petrol prices increase - but an expert has advised the perfect time for people to fill up in order to avoid paying too much. Two oil tankers are ablaze after allegedly being hit with torpedoes in one of the world's most important shipping lanes sparking fears oil prices are set to soar United States Secretary of State Mike Pompeo said the White House is of the belief Iran was responsible for the attack Royal Automobile Club of Queensland spokesman Paul Turner said fuel companies would capitalise on the attacks. 'We're seeing some outrageous profiteering by fuel companies at the moment - retail margins up to 40c per litre,' he said.  RELATED ARTICLES Previous 1 Next The smoking gun? US military releases … [Read more...] about Fears Australian petrol prices will soar after a torpedo attack in the Middle East – as expert says driver should fill up NOW to avoid paying too much

President Donald Trump complained about the cost burden of protecting Middle East shipping lanes Monday – just days after pulling back from a military strike on Iran. He also claimed the U.S. didn't even 'need to be there' due to increases in domestic energy production, although the U.S. still imports billions worth of crude each year even as it boosts exports. Trump vented about the high costs of ensuring the flow of goods and services through the Strait of Hormuz, a critical shipping corridor that allows China, Japan, and other industrial powers access to critical oil resources. It is inside this narrow straight that the Pentagon says Iran took out a U.S. drone costing $150 million, as a U.S. carrier group and other resources patrol the region. In this Thursday, June 13, 2019 file photo, an oil tanker is on fire in the sea of Oman. A series of attacks on oil tankers near the Persian Gulf has ratcheted up tensions between the U.S. and Iran -- and raised fears over the safety of … [Read more...] about ‘We don’t even need to be there’: Trump complains the U.S. gets ‘zero compensation’ for the cost protecting Middle East shipping lanes just days after stepping back from planned military attack on Iran

At about noon on Tuesday two regional leaders are due to make landmark addresses. In Riyadh, the de facto ruler of Saudi Arabia, Mohammed bin Salman, will open an investment showpiece declaring the kingdom open for business. In Ankara, the Turkish president, Recep Tayyip Erdoğan, is expected to make a speech that may well shut down the beleaguered kingdom. Such are the stakes when Erdoğan takes to a podium to discuss the death of the Saudi dissident Jamal Khashoggi that the region may not be the same when he’s finished. Three weeks to the day since Khashoggi vanished after entering the Saudi consulate in Istanbul, Erdoğan has pledged to table the “naked truth” about what happened to the columnist and critic, whose fate continues to grip both countries and polarise the Middle East. If he stays true to his pledge, much of the evidence that Turkey has gathered, incriminating Saudi Arabia in a plot to kill Khashoggi, will be revealed: in pictures, video and … [Read more...] about Khashoggi case has put Saudi prince right where Erdoğan wants him

Newly leaked CCTV footage has emerged that appears to show a Saudi agent leaving the country’s consulate in Istanbul wearing the clothes of the murdered Washington Post journalist Jamal Khashoggi. CNN aired the footage on Monday, citing a Turkish official who identified the man as Mustafa al-Madani, a “body double” and member of a 15-man Saudi team sent to Istanbul to target Khashoggi. The agent, wearing glasses and a fake beard in an apparent attempt to further resemble the journalist, is seen touring a number of landmarks in the Turkish city after leaving the consulate. The apparent Saudi aim was for footage of the man to be picked up by CCTV and distributed, thereby bolstering its claims made in the days after Khashoggi’s disappearance on 2 October that he had left the consulate unscathed. Late on Friday, after weeks of denials, the Saudis admitted for the first time that Khashoggi, a prominent critic of the crown prince, Mohammed bin Salman, had been killed … [Read more...] about CCTV footage appears to show Khashoggi body double in Istanbul

Recep Tayyip Erdoğan appears primed to assemble two weeks of leaks, insinuation and police evidence in an explosive speech in the Turkish parliament on Tuesday alleging that the Saudi Arabian government murdered the Washington Post journalist Jamal Khashoggi on Turkish soil. After weeks of leaks by Turkish police implying that the Saudi crown prince, Mohammed bin Salman, must have known of a premeditated murder, there was no last-minute sign that the Turkish president would hold back from revealing what he has described as the “naked truth” about Khashoggi’s death. On Monday an aide vowed: “Nothing will remain secret.” Erdoğan’s statement to members of his AK party coincides with the opening by the crown prince himself of an investment conference in Riyadh. Aides say Erdoğan will address Saudi Arabia’s belated admission that Khashoggi died inside the Saudi consulate, where he was last seen on 2 October. The crown prince has … [Read more...] about Erdoğan to reveal ‘naked truth’ about Khashoggi’s death