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The Latest Breaking News from Oil

Iran war's global energy crisis sharpens China’s advantage in clean tech

The war in Iran is sharpening China’s advantage in promoting a renewable energy future, as oil disruptions expose the fragility of fossil fuel systems

The Independent UK

‘I’m a much nicer person now’: Brin Parathapan on life after MasterChef, Tamil flavours and improving mood with food

MasterChef winner Brin Pirathapan tells Lauren Taylor why he ditched life as a vet, leans on Tamil Sri Lankan flavour and turns everyday ingredients into bold, mood-lifting cooking

The Independent UK

Iran-US war latest: US begins blockade in Strait of Hormuz as Tehran warns Trump of ‘widespread consequences’

Vessels will be subject to ‘interception, diversion and capture’ the US military warned

The Independent UK

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US Centcom says Hormuz blockade will begin Monday and will only apply to Iranian ports; China will be most affected

US forces are enforcing a blockade on vessels entering or leaving Iranian ports in the Strait of Hormuz, a move experts deem an act of war. This directly impacts China, the largest buyer of Iranian oil, and could cripple Iran's economy. While India's direct exposure is minimal, global energy markets…

The Times of India

US military says it will blockade Iran's ports as ship traffic appears to halt in Strait of Hormuz

U_S_ Central Command says it will begin a blockade of all Iranian ports at 10 a_m_ EDT Monday, or 5:30 p_m_ in Iran, to be “enforced impartially against vessels of all nations.”

The Independent UK

Oil jumps and Asian markets slide as US readies for Strait of Hormuz blockade

Donald Trump announced the planned blockade after US-Iran ceasefire talks in Pakistan ended without an agreement

The Independent UK

‘Enjoy it now’: Iran warns of painful oil price surge as Trump escalates blockade threat

As Donald Trump threatened a naval blockade on Iran, Tehran responded with a stark warning on rising fuel costs. Iran’s Parliament Speaker Mohammad Bagher Ghalibaf said global consumers would soon feel the impact, writing on social media, “Enjoy the current pump figures. With the so-called ‘blockade’, soon you’ll be nostalgic…

The Times of India

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Strait of Hormuz blockade explained: why is Trump threatening to block Iranian ports and how would it work?

Threat has left markets in another period of uncertainty, with questions over how the blockade will be enforced

The Guardian - AU

Australian shares drop as US vows new oil blockade

The ASX has dropped 0.39 per cent and oil prices have jumped back above $US100 a barrel after Donald Trump announced a new blockade on the Strait of Hormuz.

AAP

Would a US blockade of the Strait of Hormuz be legal?

With peace negotiations between the United States and Iran breaking down in Pakistan, the fragile ceasefire is again on the brink of collapse. US President Donald Trump has again upped the war rhetoric, saying the US navy will now blockade the Strait of Hormuz.

The Conversation

Top US Senate Democrats again try for war powers resolution – as it happened

This blog is now closed – our live coverage continues here

The Guardian - AU

A new ad campaign is pushing Australians to use less petrol. Has this happened before?

A new federal government advertising campaign is prompting Australians to reduce their fuel consumption during the current global oil crisis.

The Conversation

Starmer refuses to back Trump’s Strait of Hormuz blockade

The prime minister has spoken out for the first time on the US president’s decision to block the Strait of Hormuz

The Independent UK

Starmer refuses to join Trump’s Hormuz blockade as oil prices expected to rise

As MPs return to Westminster from the Easter recess, a resolution to the Iran war does not appear imminent.

Evening Standard

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Fortune

Stock futures sink while oil spikes as the U.S. Navy looks to squeeze Iran's economy and break its grip on the Strait of Hormuz

"CENTCOM forces will not impede freedom of navigation for vessels transiting the Strait of Hormuz to and from non-Iranian ports."

Axios

Oil prices surge on Trump's blockade vow, failed U.S.-Iran talks

The surge undoes a large amount of the drop that followed last week's temporary ceasefire deal.

The Independent UK

Oil prices rise after the US says it would block Iranian ports starting Monday

Oil prices are rising in early market trading after the U.S. said it would blockade Iranian ports beginning Monday

The Independent UK

The Latest: US military warns it will blockade Iranian ports after ceasefire talks end

President Donald Trump said the U.S. Navy will swiftly begin a blockade of ships entering or leaving the Strait of Hormuz after U.S.-Iran ceasefire talks in Pakistan ended without an agreement

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International Business Times UK

Fox News Cuts Off Trump Mid-Rant as He Defends Iran War, Renames Gulf and Shrugs Off Civilisation Threat

Donald Trump's recent Fox News interview covered a range of topics including the US war on Iran, oil prices, and election fraud claims, leaving even his favored network scrambling.

Reason

Trump Responds to Iranian Blockade of Strait of Hormuz By Blockading It

After walking out of peace talks in Pakistan, the U.S. and Iran are now playing a game of chicken.

We Got This Covered

‘Best and ‘sweetest’ oil’: Trump can’t wait for his favorite thing, even if it endangers American-Iran negotiations

Nothing and nobody has received this level of sweet talk.

Axios

Trump pitches Iran blockade as boon to U.S. oil

Trump urged China to buy more U.S. oil.

AAP

Spoils of Iran war to deliver Chalmers a budget boost

The federal budget will be billions of dollars better off, even with added spending, because of higher commodity prices and inflation, a top economist says.

Fortune

Here’s how a U.S. naval blockade of the Strait of Hormuz could work. ‘This is a big task, and it’s a big gamble’

“It puts economic pressure on Tehran without destroying the oil facilities, which you should want to preserve into the future.”

Barchart

Iran Ceasefire, Bank Earnings and Other Key Things to Watch this Week

Markets face extraordinary uncertainty following the collapse of lengthy U.S.-Iran diplomatic talks that ended with no deal, as Vice President J.D. Vance confirmed Iranian officials "have chosen not to accept our terms."

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