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The Latest Breaking News from Oil

Iran's Economy Buckles As Currency Slides And Oil Risks Escalate Amid Conflict

Mounting geopolitical tensions are amplifying Iran's economic instability, with ripple effects expected across global energy markets.

International Business Times

Current price of oil as of April 23, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

The Iran War just made the clean energy transition non-negotiable

I've spent 20 years making the economic case for clean energy. Hormuz just made the geopolitical case — at the cost of many lives and $126-a-barrel oil.

Fortune

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Why Sweden’s ban on fossil fuel production matters, despite not producing any itself – new research

In 2022, Sweden took a rare step: the country banned all fossil fuel production.

The Conversation

US still delivering weapons to Ukraine, Zelenskyy says, as Prince Harry visits Kyiv

Ukrainian President Volodymyr Zelenskyy says U.S. weapon deliveries to Ukraine haven't stopped despite the Iran war

The Independent UK

The Latest: Israel and Lebanon to meet in Washington while Iran-US talks are in limbo

Israel and Lebanon are meeting in Washington Thursday in the hope of extending a fragile 10-day ceasefire that began last week

The Independent UK

EU agrees fresh sanctions on Russia but leaves maritime services ban on hold

Due to Greece and Malta's concerns, the full ban on maritime services will be left on hold pending an agreement at the G7 level. The US, however, is going in the opposite direction by providing sanctions relief to Russia.

Euronews

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Republican lawmakers attempt to shield big oil from climate lawsuits in ‘alarming’ bills

Climate experts and advocates warn House and Senate bills will protect polluters at the cost of the climate

The Guardian - US

US military says it seizes another oil tanker associated with Iran

The U.S. military has seized another tanker associated with the smuggling of Iranian oil

The Independent UK

Folded, whipped or baked into something golden, ricotta is brilliant and adaptable

This soft, whey‑born staple slips effortlessly from savoury suppers to indulgent celebratory desserts while keeping its cool, milky charm

The Guardian - UK

ASX 200 Top Gainers Surge as Regis Healthcare Jumps 16% on Budget Optimism and Sector Rotation

Australian shares posted mixed results Thursday with the benchmark S&P/ASX 200 index closing down 0.57%, yet a handful of standout performers bucked the broader weakness, delivering double-digit gains that highlighted selective buying in healthcare, resources and consumer stocks amid shifting policy expectations and commodity moves.

International Business Times

Trump Declares No Time Frame for Ending Iran Conflict as Strait of Hormuz Tensions Escalate

President Donald Trump declared Wednesday there is "no time frame" for ending the U.S. conflict with Iran, signaling an open-ended military and diplomatic posture even as a fragile ceasefire extension hangs in the balance and fresh clashes disrupt shipping in the Strait of Hormuz.

International Business Times

Stocks Slip Before the Open on U.S.-Iran Talks Uncertainty, Earnings and PMI Data in Focus

June S&P 500 E-Mini futures (ESM26) are down -0.53%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.56% this morning as stalled U.S.-Iran talks and heightened tensions in the Strait of Hormuz pushed oil prices higher, dampening risk sentiment.

Barchart

US intercepts 3 Iranian oil tankers near India, Malaysia amid maritime blockade

US forces have intercepted at least three Iranian oil tankers in Asian waters, redirecting them away from key shipping lanes near India, Malaysia, and Sri Lanka. This action intensifies Washington's maritime blockade on Iran, disrupting global energy flows. The US Central Command has directed numerous vessels to turn back, highlighting…

The Times of India

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Axios

China stockpiled huge amounts of oil before Iran war

The stockpile is emerging as a strategic advantage with the Strait of Hormuz largely closed.

The Guardian - UK

What would a permanent ‘Tehran’s tollbooth’ on oil mean for the world?

Iran’s plan to extract a $2m payment from tankers using the strait of Hormuz could raise costs for years to come

The Guardian - UK

EU approves €90bn loan for Ukraine and fresh Russia sanctions – as it happened

Move comes after Hungary and Slovakia dropped opposition following reopening of the Druzhba oil pipeline

Euronews

Russian oil flow to Slovakia via Druzhba pipeline resumes

Bratislava confirmed that the country started receiving crude oil through the Druzhba pipeline early on Thursday, after a three-month halt.

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Caixin Global

Energy Insider: China Cuts Domestic Fuel Prices for First Time This Year

Middle East tensions roil China’s oil imports, CATL counters BYD with new fast-charging battery technology

Woman & Home

Announcing our 2026 woman&home Hair Awards winners!

The results are in, and good hair days are in your future. We’ve tested hundreds of products to help you shop with confidence…

The Guardian - UK

Iran war hurting UK economy as consumer confidence falls; BP’s new chair suffers investor revolt – as it happened

UK consumer optimism drops for third month running, as people grow more worried about the economy and their personal financial situation

AAP

Oil and gas giant feels the heat from climate activists

Shareholders have jeered as protesters concerned about the environment repeatedly disrupted a meeting hosted by Australia's biggest oil and gas company.

The Independent UK

Russian oil to Slovakia resumes flowing through pipeline that crosses Ukraine

Slovak Economy Minister Denisa Saková says the flow of Russian oil to Slovakia through the Druzhba pipeline that crosses Ukraine has resumed

Radio France Internationale

European Union approves €90bn loan for Ukraine after Hungary lifts veto

The European Union has cleared the way for a €90 billion loan to Ukraine, with a final sign-off expected on Thursday, after oil flow via the disputed Druzhba pipeline to Slovakia resumed early on Thursday, according to the Slovak authorities.

The Times of India

How long will it take for US to clear Strait of Hormuz mines positioned by Iran?

Iran's alleged mining of the Strait of Hormuz could delay its reopening for up to six months, according to Pentagon reports to Congress. This sophisticated deployment, using GPS technology, is making detection difficult for US forces. The standoff has already impacted global oil prices, with Brent crude exceeding $100 per…

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