Malaysia’s maritime authorities detained two tankers and its crew members suspected of conducting an illegal ship-to-ship diesel transfer off Penang, in one of the latest crackdowns on illicit fuel activities in the country’s waters.
Australia set up a government working group with the fertilizer industry to safeguard urea supplies at risk from disruptions linked to the war in Iran, Agriculture Minister Julie Collins said.
Oil switched from gains to losses, ahead of weekend talks between Iran and the US that will dictate the path ahead for a fragile ceasefire.
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