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The Latest Breaking News from Oil

Neither War nor Peace With Iran

The Trump administration is stuck in a standoff that is unstable and damaging to the entire world.

Reason

Trump Considers Extending Jones Act Waiver To Boost Oil Transport Amid Supply Concerns

The Trump administration is evaluating whether to temporarily extend the waiver a century-old shipping law to address emerging strains in domestic oil transportation.

International Business Times

Current price of oil as of April 22, 2026

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

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

EU plans to cut electricity taxes to shield households from Iran war energy crisis

Brussels will relax state aid rules to allow member countries to offer ‘targeted and temporary’ support

The Guardian - UK

Cotton Showing Early Wednesday Gains

Cotton price action is up 12 to 19 points on Wednesday morning. Futures posted 66 to 114 point gains across the board on Tuesday. The US dollar index was 0.278 higher at $98.185. Crude oil was up another $2.19 to $91.80 NASS Crop Progress data showed 11% of the US...

Barchart

Soybeans Extending Gains to Wednesday

Soybeans prices are 1 to 4 cents so far on Wednesday. Futures were in rally mode on Tuesday, with bean oil continuing to pull the market higher, up 6 ¾ to 9 1/4 cents on the beans. Open interest was down 2,142 contracts on Tuesday, mostly in the front months,...

Barchart

Ukraine is countering the impact of the war in Iran by attacking Russian energy facilities

Many analysts feared the war in Iran waged by the United States and Israel would have disastrous consequences for Ukraine.

The Conversation

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6 easy alfresco recipes to elevate your spring BBQs and gatherings

From smoky BBQ centrepieces to quick, throw-together dishes for last-minute gatherings, these easy alfresco recipes from chef Jason Shaw are designed for relaxed spring dining outdoors

The Independent UK

EU launches procedure to unblock €90bn Ukraine loan and new Russia sanctions

Hungary's contentious veto on the €90 billion loan for Ukraine is fast approaching its end after the restoration of the Druzhba oil pipeline.

Euronews

S&P Futures Climb as Investors Cheer U.S.-Iran Ceasefire Extension, Tesla Earnings in Focus

June S&P 500 E-Mini futures (ESM26) are trending up +0.56% this morning as sentiment improved after U.S. President Donald Trump indefinitely extended the ceasefire with Iran.

Barchart

How Does This Iran Oil Crisis Compare to the 1979 Iran Oil Crisis?

Americans faced a similar oil crisis 47 years ago. Here’s how today compares.

Kiplinger

EU envoys meet in hopes of approving a long-delayed loan to Ukraine

European Union envoys are meeting in hopes of approving a massive loan to support Ukraine's military and financial needs for the next two years

The Independent UK

Earth Day Thoughts: The Clean Energy Transition Hits Warp Speed Amid Geopolitical Unrest

With crude oil near $100 a barrel and a global energy crisis, the financial case for clean energy has never been more actionable for everyday investors.

Kiplinger

Zelenskyy says EU unblocking of €90bn loan for Ukraine is ‘the right signal’ as Hungary drops opposition – as it happened

European Union formal procedures expected to conclude on Thursday as Druzhba pipeline reopens

The Guardian - UK

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The Independent UK

UK inflation rises in March as prices at the pump spike higher after Iran war

Inflation in the U.K. climbed in March, driven by a sharp rise in fuel prices following the Iran war

Evening Standard

Reckitt cautions over impact of Iran war on costs and consumer demand

The household goods giant firm said if oil prices remain at 110 US dollars a barrel throughout 2026, costs could rise by up to £150 million.

The Guardian - UK

Middle East war ‘could wipe out 75% of chancellor’s budget headroom’; UK inflation climbs to 3.3% – as it happened

Oil prices rise again above $100 a barrel as strait of Hormuz remains closed; EU energy commissioner warns energy crisis could last months or years even if there is peace

The Independent UK

Ukrainian drone attack on Russian oil facility sparks huge fire

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The Independent UK

Ukraine-Russia war latest: Missiles fired by Moscow at Chernobyl nuclear plant risk ‘major accident’, Kyiv warns

92 drones and 35 hypersonic missiles came within 5 to 20 kilometres radius of Chernobyl nuclear facility, Kyiv says

The Independent UK

Asian benchmarks are mixed in cautious trading amid uncertainty about US-Iran ceasefire talks

Asian shares are mixed in cautious trading as investors watch for next steps in the U.S.-Iran conflict

The Independent UK

Oil prices hold near $100 as Trump extends Iran ceasefire but keeps blockade in place

Traffic in Strait of Hormuz at standstill as US president says blockade of Iranian ports and shores will continue

The Conversation

Foreign companies are making billions off Australia’s gas. It’s time that changed

Is Australia giving away its gas resources, virtually for free?

The Independent UK

Asian shares are mixed and oil prices little changed as investors watch for US-Iran talks

Shares are mixed in Asia and oil prices are little changed as markets watch for the latest developments in the war with Iran

The Independent UK

Iran-US war latest: Tehran calls opening Strait of Hormuz ‘impossible’ as US navy chief steps down

US blockade of Iran’s ports choking economy, White House says, as President Trump suggests peace talks could restart

The Independent UK

The everyday items facing price rises amid Iran war oil shock: From toys to pens and shaving cream

The tremors of the Middle East war are reaching the far corners of the economy

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