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The Latest Breaking News from Oil

FTSE sell-off eases as Iran conflict shifts rate bets

The FTSE 100 index closed down 35.23 points, 0.3%, at 10,249.52.

Evening Standard

Israel did tell U.S. about its Iran strikes in advance but went so far beyond expectations that a U.S. official’s response was just ‘WTF’

Israel goes rogue, AGAIN!

We Got This Covered

Sugar Prices Jump as Crude Oil Surges

May NY world sugar #11 (SBK26 ) is up +0.47 (+3.33%), and May London ICE white sugar #5 (SWK26 ) is up +5.70 (+1.38%). Sugar prices continued higher today on the fresh surge in oil prices seen after Israel bombed 30 oil depots in Iran. The rally in oil prices...

Barchart

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read the most diverse news in one place.

Trump promised to fill America’s oil reserves ‘right to the top.’ A year later, oil has exceeded $100 and they’re still less than 60% full

Since the beginning of Trump’s second term, the strategic oil reserve has grown only 5%.

Fortune

Iran war puts at risk key pipelines, terminals and refineries that supply the world with oil and gas

Attacks by the U.S. and Israel on Iran, and Iranian missile and drone attacks on neighboring countries, have disrupted oil and gas supplies to the rest of the world — and dealt an energy price shock to the global economy

The Independent UK

Rachel Reeves warns of ‘upward inflationary pressure’ caused by Iran war

The Chancellor said she was ready to support a ‘co-ordinated release’ of international oil reserves.

Evening Standard

EU ministers eye oil reserves to contain energy prices and inflation as Iran war rages

Ministers are exploring measures to curb energy prices and inflation at a series of meetings in Brussels, with the release of oil reserves being discussed. Germany stated that it supports keeping the option on the table, but emphasised that now is not the right time to use it.

Euronews

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Hungary demands EU lift sanctions on Russian energy as prices spike amid Iran war

Hungarian PM Viktor Orbán has written to EU leaders demanding a suspension of sanctions on Russian energy as energy prices surge. The European Commission has not responded yet.

Euronews

Oil Prices Surge Above Pandemic-Era Levels As Iran War Tightens Supply Chain

Gas prices have spiked 27 cents a gallon in the last week as the Iran war has caused the price of oil to skyrocket.

International Business Times

Rising pump prices draw calls to action from Democrats

As oil prices rise in the wake of U.S. military operations in Iran, Senate Democrats have begun calling for a solution to the increasing costs. Senate Minority Leader Charles E. Schumer, in a Sunday post on X, called on President Donald Trump to draw down oil from the Strategic Petroleum…

Roll Call

The Middle East conflict has swiftly exposed economic vulnerability in the region

At the end of 2025, the Gulf states received high praise for their economic resilience. According to reports by the World Bank and the World Economic Forum, the region was stable, modern and reliable.

The Conversation

Competition watchdog warns suppliers over soaring heating oil costs

Sudden volatility in the global oil trade has caused prices to spike by up to £100 in the past week alone.

Evening Standard

G7 'not there yet' on releasing oil reserves as Iran war drives price surge

After oil prices jumped above $100 a barrel overnight, finance ministers from the G7 countries held a conference call on Monday but did not agree on releasing oil stockpiles to stabilise the market.

Euronews

Crude Prices Surge after Israel Bombs Iranian Fuel Depots

April WTI crude oil (CLJ26 ) today is up +5.49 (+6.04%), and April RBOB gasoline (RBJ26 ) is up +0.0878 (+3.25%). Crude oil and gasoline prices today are sharply higher after Israel on Saturday bombed 30 Iranian oil depots. In addition, Saudi Arabia became the latest Middle East oil producer...

Barchart

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news in one place.

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The Conversation

What international law says about the Israeli strikes on Iranian oil facilities

Israeli strikes targeted oil facilities near the Iranian capital of Tehran over the weekend. Two oil refineries, both of which had been attacked by Israel in 2025, and two oil storage facilities were hit. According to Iran’s deputy health minister, Ali Jafarian, at least four people were killed by the…

Latin Times

U.S. Intercepted Encrypted Communications Potentially Activating Iranian Sleeper Cells Around The World: Report

The U.S. intercepted encrypted communications believed to be coming from Iran, and could potentially be activating sleeper cells around the world, according to a new report.

Euronews

Euronews on the ground: Iran strikes rattle Gulf as oil price surges

Iran’s escalating strikes rattle Gulf states on Monday as oil soars and questions grow over who controls Tehran, Euronews' Jane Witherspoon reports.

The Independent UK

Why aren’t renewables better protecting the UK from energy price shocks amid Trump’s war on Iran?

How the UK's gas addiction keeps energy bills high despite the rising role of wind and solar

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news in one place.

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We Got This Covered

Donald Trump calls the biggest oil surge since 1983 a ‘very small price to pay’ – ‘only fools’ would disagree

Ain’t that reassuring?

Fortune

Investors priced in a 6-week Iraq War, but it lasted 8 years and cost $3 trillion. They’re doing it again

Oil is over $100 per barrel, Iran has a new supreme leader, and the White House has no exit strategy. What does history say?

The Times of India

Donald Trump urges tankers to ‘show some guts’ in Strait of Hormuz as oil prices surge

President Trump urged tanker crews navigating the Strait of Hormuz to "show some guts," asserting that Iran's naval capabilities have been significantly diminished. He stated there is "nothing to be afraid of" as global oil prices surged over $100 per barrel due to fears of supply disruptions.

Euronews

Easter and summer holidays: Expensive flights because of the Iran war?

Flight tickets are rising due to the war in Iran. German holidaymakers must be prepared for higher prices when booking their Easter and summer holidays. Some European destinations and early booking could be worthwhile in this situation.

International Business Times UK

Donald Trump Labels Critics 'Fools' as Oil Prices Surge Past $100 Amid Iran War, Middle East Energy Production Plummets

Donald Trump suggests that oil prices will decrease rapidly after addressing Iran's nuclear threat, despite current spikes due to Middle East tensions.

Barchart

Dollar Moves Higher on Latest Oil Price Spike

The dollar index (DXY00 ) today is up +0.27%. The dollar is seeing support from today's upward spike in oil prices to the $100 per barrel area, which is hawkish for Fed policy. Also, higher oil prices are beneficial for the dollar since the US is the world's largest oil-producing...

International Business Times UK

Trump Dismisses Oil Spike Fears and Calls Critics 'Fools' as Other Countries Scramble for Oil Reserves

US President Trump downplays the crisis, calling it a minor sacrifice for global security. But the recent escalation in the Middle East has led to a significant rise in oil prices, prompting an emergency meeting among G7 leaders.

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