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The Latest Breaking News from Oil

Kharg Island: Iran's oil hub in the crosshairs

NEW DELHI: US airstrikes on Kharg Island, the nerve centre of Iran's oil export network, have sharply escalated tensions in West Asia and raised fears of further disruption in global energy supplies. While Iran claimed that oil operations on the island continued despite the attack, it warned that retaliation could…

The Times of India

Trump plans global coalition to escort ships in Strait of Hormuz amid Iran tensions: Report

President Trump is preparing to announce an international coalition to escort commercial vessels through the Strait of Hormuz amid escalating tensions with Iran. The US Navy will support ships navigating the strategic waterway, which Iran has threatened to restrict. This move aims to ensure the safe passage of oil, with…

The Times of India

Despite Greenland crisis, Trump suggests NATO owes him help on Iran war after U.S. support for Ukraine. 'We’ve been very sweet'

“If there’s no response or if it’s a negative response I think it will be very bad for the future of NATO."

Fortune

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Iran Offers Oil Tankers Safe Passage Through Strait of Hormuz but Only Under Two Conditions

Iran's new conditions for oil tanker passage through the Strait of Hormuz could reshape global energy markets, linking access to Chinese yuan trade.

International Business Times UK

'End Iran war swiftly,' Keir Starmer tells Donald Trump to stop bills soaring in oil crisis

But the US president has said America is not ready to end the conflict which has entered its third week

Evening Standard

Starmer to announce support for households hit by energy price spike

Prime minister expected to set out tens of millions of pounds in help for heating oil users as conflict with Iran drives up costs

The Guardian - UK

UK plans to send minesweeping drones to help reopen strait of Hormuz

Government reluctant to dispatch ships amid concerns complying with Trump’s demands could escalate Iran crisis

The Guardian - UK

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Keir Starmer to pledge cost-of-living support amid Middle East crisis

The Prime Minister will on Monday say that helping families with living costs is ‘my first priority’.

Evening Standard

Trump to launch Hormuz coalition amid global oil crisis

IN FULL

The Independent UK

Trump to announce coalition to lead ships through Strait of Hormuz amid Iran War

President’s team spent much of last week vowing that U.S. would reopen key waterway and oil shipping route

The Independent UK

The Iran crisis is hitting KiwiSaver balances – but market volatility can work for you too

As well as checking the news for updates on events in the Middle East, many New Zealanders are also nervously checking their KiwiSaver balances.

The Conversation

Trump’s UN ambassador declares ‘dominant victory’ in Iran — then says Pentagon could still send in US troops

Former Trump White House adviser can’t say if other countries have signed on to protect shipping traffic in Strait of Hormuz

The Independent UK

Starmer and Trump discuss ‘importance’ of reopening Strait of Hormuz

Tehran’s stranglehold on oil tankers passing through the narrow sea passage has driven energy prices up across the world.

Evening Standard

EU weighs extending naval mission Aspides to Strait of Hormuz amid Iran crisis

EU foreign ministers meeting in Brussels on Monday are set to discuss extending the bloc's naval mission Aspides to the Strait of Hormuz, as the Iran war pushed global energy prices up. Over the weekend, US President Trump called on several countries to send ships to secure the passage.

Euronews

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The Guardian - UK

Initiative may be slipping away from US and Israel as Middle East crisis deepens

There is little sign of imminent regime change in Iran as its blockade of strait of Hormuz shocks global economy

The Independent UK

Iran insists it will fight for ‘as long as it takes’ after Trump says he’s not ready for peace deal

War between US-Israel and Iran enters third week as leaders on both sides signal a push to continue conflict

The Independent UK

US energy chief has dire prediction about gas prices under Trump

Trump’s war will end in ‘weeks’ but oil prices will be ‘elevated’ until it concludes, Chris Wright warns

Barchart

Iran War, Fed Conundrum and Other Key Things to Watch this Week

Markets face one of the year's most consequential weeks as the Federal Reserve's March meeting on Wednesday at 2:00pm arrives amid extraordinary economic crosscurrents

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The Guardian - UK

Oil company shares soar to all-time highs as Middle East war turbocharges price per barrel

Energy supply shock from US-Israeli attack on Iran fuels record valuations for Shell, ExxonMobil and Chevron

The Mary Sue

Zelenskyy blasts Trump after a shocking decision rocks Ukraine’s war efforts

Ukrainian President Volodymyr Zelenskyy has condemned the recent US decision to ease some sanctions on Russian oil sales, a move he says “certainly does not help achieve peace” and could be worth a staggering $10 billion to Russia. This unexpected move from President Donald Trump has sparked widespread criticism from…

We Got This Covered

Trump promised Oil money, so his minion used emergency powers to restart disastrous oil spill pipeline

Another attempt by the Administration to force compliance so that Trump gets what he wants.

The Times of India

Kharg Island: Trump's mercy shot on Iran's oil lifeline could reshape the war

The US has conducted airstrikes on military installations on Iran's Kharg Island, a vital oil export hub, while largely sparing oil infrastructure. President Trump cited "reasons of decency" but warned of reconsideration if shipping through the Strait of Hormuz is threatened. The move highlights the island's strategic importance for Iran's…

The Guardian - UK

Trump’s call for allied deployment to strait of Hormuz meets muted response

UK and Japan among countries that are considering options but yet to commit warships to blockaded shipping route

Inverse

55 Weird Things for Your Dog That Are Actually So Dope

If your fur pal could use some fan-favorite meal toppers, weird-but-irresistible toys, or even a plush bathrobe just for them? Keep scrolling.

GOBankingRates

Rising Oil Prices Could Erase Your Tax Refund Gains

Many Americans hoping to receive a number of tax advantages from the passage of the OBBBA in 2025 may see those gains disappear if oil prices continue to climb.

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