Energy boss oil warning; ASX loses $300b in three weeks; luxury carmakers dump EVs

Tuesday 24 March 2026 The head of the International Energy Agency warns that the oil lost in the current crisis in the Middle East is twice the amount of the 1970s oil shock.  The local share market flirts with correction territory, having lost $300 billion in value since the beginning of the Middle East conflict Luxury car makers dump plans for EV expansion ABC staff set to go on strike The toilet paper shortage crisis of COVID is back, at least in Japan Join our free daily newsletter here. And don’t miss the latest episode of How Do They Afford That? - this week: dream holiday, sensible budget. Get the episode from APPLE, SPOTIFY, or anywhere you listen to podcasts.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.