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The Latest Breaking News from Oil

The Iran war is reviving remote work across the world — from Denmark to Vietnam

As the conflict blocks global fuel trade, governments are bringing back work-from-home policies to save energy.

Fortune

Surging Crude Oil Pushes Sugar Prices Higher

May NY world sugar #11 (SBK26 ) today is up +0.10 (+0.70%), and May London ICE white sugar #5 (SWK26 ) is up +0.50 (+0.12%). Sugar prices are moving higher today but remain below Mondays' 2-month highs. Today's +8% surge in crude oil prices (CLJ26 ) is supporting sugar. Higher...

Barchart

British troops came under attack at Iraqi base on Wednesday – defence chiefs

RAF jets have also continued to fly in defence of Cyprus with European allies in the region.

Evening Standard

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read the most diverse news in one place.

What it will mean for the economy if the Strait of Hormuz stays closed

If the military situation doesn't change soon, it will create a stagflationary drag on the U.S. economy.

Axios

Could oil prices really reach $200 a barrel as claimed by Iran?

As the Iran war approaches the two-week mark, energy markets are bracing for a potential "super shock". The IRGC has repeatedly threatened to push oil prices up to $200 per barrel, leveraging its control over the Strait of Hormuz, but how realistic is this scenario?

Euronews

48% of Americans blame Trump for high gas prices — more than any other factor

The spike in oil prices caused by the war is fast becoming a political liability for the White House.

Axios

‘We make a lot of money’: Trump downplays rise in gas prices during Iran war

The US president says higher oil prices benefit the country as Iran war pushes petrol costs above $100 per barrel

The Guardian - US

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A plan to get more electricity to West Texas may come undone

Oil and gas companies have said the region needs more power. Environmentalists and a conservative think tank worry the state is moving too fast — and ratepayers will see the costs in their bills.

The Texas Tribune

Seth Meyers on Pete Hegseth: ‘The face of a man war-fighting with his colon’

Late-night hosts discussed reports that Hegseth’s defense department spent $15m on steak as the Trump administration escalates their vague war in Iran

The Guardian - US

Trump administration could suspend the Jones Act in a bid to curb soaring oil prices

The Trump administration is allegedly set to suspend the Jones Act, a century-old federal maritime law. A waiver would allow foreign tankers to transport cargo between US ports as oil prices remain above $100.

Euronews

Crude Oil Surges as Iran War Drags On

April WTI crude oil (CLJ26 ) today is up +8.84 (+10.13%), and April RBOB gasoline (RBJ26 ) is up +0.1341 (+4.81%). Energy prices are sharply higher today on comments from Iran's Supreme Leader Ayatollah Mojtaba Khamenei, who said that Iran's leverage of closing the Strait of Hormuz should be used...

Barchart

Trump just put Republicans' hold on the Senate at risk while sending the national debt higher, Morgan Stanley says

The firm's Global Investment Office just dropped a sweeping analysis of the U.S.-Iran conflict. It should alarm every Republican heading into the midterms.

Fortune

Middle East conflict shows the real meaning of Trump’s ‘America first’ foreign policy

Now well into its second week, the US-Israeli war against Iran has gone beyond the “combat operation” the US president, Donald Trump, announced when it began on February 28. Civilians and infrastructure have been struck across the region from Lebanon, to the UAE, Saudi Arabia and Iraq. The conflict has…

The Conversation

Iran oil shock splits the world as exporters pocket windfall and importers buckle

As oil prices surge, one question is emerging as the key determinant of economic vulnerability: does a country sell energy, or buy it?

Euronews

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International Business Times UK

Donald Trump's 'Excursion' Gaffe: POTUS Mocked Over Iran War 'Lies' In Fox News Clash

Trump's description of the Iran war as a "little excursion" has triggered backlash and ridicule as casualties rise and critics accuse him of trivialising the conflict.

The Independent UK

When stock markets get shaken, it can pay for investors to be patient

When stock markets are falling, it’s natural to want to do something quickly to protect your retirement savings

Barchart

Stocks Retreat Amid Rising Crude Prices and Credit Worries

The S&P 500 Index ($SPX ) (SPY ) today is down -1.22%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -1.32%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.46%. March E-mini S&P futures (ESH26 ) are down -1.20%, and March E-mini Nasdaq futures...

Euronews

Watch: Strait of Hormuz, Iran and naval mines — an explosive mix?

The narrow Strait of Hormuz is becoming a literal geopolitical landmine. The US wants to control it, but for Iran, the waterway is its ultimate leverage. Who is up for a history lesson?

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news in one place.

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The Guardian - UK

Putin’s ‘hidden hand’ lies behind Iran’s drone tactics, UK defence secretary says

Pilots reportedly adopting Russian tactics as statement in name of new Iranian supreme leader vows continued attacks on US bases

Evening Standard

Putin’s ‘hidden hands’ may be behind Iran tactics – John Healey

John Healey visited the Northwood military headquarters in Hertfordshire.

Evening Standard

Keir Starmer ‘working to de-escalate the war’ as Iran vows to avenge its dead

Ayatollah Mojtaba Khamenei has also threatened to continue blocking the Strait of Hormuz, driving up oil prices.

Evening Standard

Treasury to work with NI Executive on heating oil support, Starmer says

Sir Keir Starmer said he is determined to stop people ‘getting ripped off’ on their energy bills.

International Business Times UK

Iran Guard Vows to Target Banks, Economic Centres in War Risking Global Economy

Iran's Islamic Revolutionary Guard Corps has issued a warning that could have far-reaching effects on the global economy, as tensions rise in the Middle East.

International Business Times UK

Iran War Triggers 400M Barrel Oil Release as Europe Fears Ukraine-Style Inflation

Europe is racing to prevent a new inflation shock after the Iran conflict rattled energy markets, with a historic 400-million-barrel oil release aimed at stabilising prices.

MarketBeat

3 ETFs to Avoid as Oil Shock Hits Markets

With oil prices soaring near $100 per barrel, certain sectors are feeling more pain than others. Here are three ETFs to avoid amid oil's market roil.

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