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The Latest Breaking News from Oil

Fuel protesters cleared by police as tankers regain access to Irish oil refinery

The Irish Defence Forces were on standby with a heavy-lift recovery truck

The Independent UK

‘Praise be to Allah’: Trump goes on social media spree as peace talks with Iran begin in Pakistan

Amidst US-Iran peace talks in Pakistan following a ceasefire, President Trump claimed the US is clearing the Strait of Hormuz and asserted Iran is losing its war. He also boasted about US oil reserves and vowed to prevent fertilizer price gouging, stating American farmers have his support.

The Times of India

Trump claims military has begun ‘clearing’ Straits of Hormuz in early morning Truth Social rant

The president claimed Saturday morning that U.S. forces were beginning the process of ‘clearing out’ the Strait of Hormuz

The Independent UK

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4 ways the war in Iran has weakened the United States in the great power game

“Never interrupt your enemy when he is making a mistake.”

The Conversation

Highest surge since US-Iran war: Three vessels transit Strait of Hormuz in a day

Two Chinese supertankers are transiting the Strait of Hormuz amidst US-Iran peace talks and a temporary ceasefire. This marks a significant day for oil exiting the region, though still below pre-conflict levels. An Indian LPG tanker also passed through, signaling a potential easing of trade disruptions.

The Times of India

Defence Forces respond to protest outside Irish oil refinery

Garda have been attempting to restore access to the Whitegate oil refinery in Co Cork for fuel trucks amid the days-long blockade.

Evening Standard

Strait of Hormuz Traffic Remains Near Standstill Despite US-Iran Ceasefire as Iran Limits Access

Shipping through the Strait of Hormuz, the vital chokepoint for roughly one-fifth of the world's oil supply, remained severely restricted Saturday as Iran continued to control access and limit transits more than three days after a fragile U.S.-Iran ceasefire took effect.

International Business Times

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South Korea to Start High Oil Price Relief Payments April 27: Up to 600,000 Won for Bottom 70% of Citizens

The South Korean government will begin distributing "high oil price damage support funds" as early as April 27 to cushion households from surging energy costs triggered by prolonged instability in the Middle East, with vulnerable groups receiving priority payments of up to 600,000 won ($440) per person.

International Business Times

'Waiting for you': Trump says empty tankers heading to US, flaunts oil, gas reserves amid Iran talks

President Donald Trump highlighted America's vast oil and gas reserves, asserting they surpass the combined output of the next two leading nations, boasting superior quality. Meanwhile, delegations from the US and Iran, including key diplomats and envoys, arrived in Islamabad for crucial peace talks concerning the Middle East conflict.

The Times of India

Trump Posts "GREAT!!!" on Truth Social as Oil Tankers Flow Freely – What It Means for Energy Markets

President Donald Trump took to Truth Social early Saturday with a single emphatic word — "GREAT!!!" — accompanied by an image of empty supertankers steaming toward the U.S. Gulf Coast, signaling apparent relief as maritime traffic through the Strait of Hormuz normalized following weeks of high-stakes tensions with Iran.

International Business Times

Record number of homes in Great Britain turn to green energy as fuel prices soar

Iran war drives demand for solar panels, heat pumps and EVs, with energy bills expected to rise 18% from July

The Guardian - UK

An environmental disaster in Moldova has Russia’s fingerprints all over it

The Ukraine war on our doorstep is a constant threat. Contaminated drinking water is a dangerous new twist, says Moldovan journalist Paula Erizanu

The Guardian - UK

Ukraine war briefing: doubts linger in Kyiv over Moscow’s promise to uphold Orthodox Easter ceasefire

Kremlin orders temporary truce from Saturday afternoon until Sunday, a 32-hour period during which Russia would stop fighting ‘in all directions’.

The Guardian - AU

ConocoPhillips vs. EOG: 1 of These Energy Stocks Is Cheaper and Pays You More. Which One?

ConocoPhillips and EOG are both winning energy stocks, but one stands out on scale while the other looks cheaper and stronger for income.

Barchart

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Barchart

Cotton Closes Mixed on Friday

Cotton futures saw mixed trade on Friday, as contracts were 7 points lower to 10 points higher. May was up 230 points on the week. The US dollar index was $0.104 lower at $98.485. Crude oil was down $2.24 on the day, as risk was taken off the table ahead...

Barchart

Crude Prices Fall on Long Liquidation Ahead of US-Iran Peace Talks

May WTI crude oil (CLK26 ) on Friday closed down -1.30 (-1.33%), and May RBOB gasoline (RBK26 ) closed up +0.0366 (+1.22%). Crude oil and gasoline prices settled mixed on Friday. Crude prices gave up an early advance on Friday and retreated amid heavy liquidation in crude oil futures ahead...

Evening Standard

UK to host more talks on reopening Strait of Hormuz shipping route

Times Life

5 Dharma Shastra Rituals for Clear and Glowing Skin

In the older wisdom traditions, care was never only external. Cleansing was not just about removing dirt. It was about restoring rhythm. Beauty was not brightness without, but balance within. Clear and glowing skin was seen as the natural expression of a life lived with some measure of harmony. Not…

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Barchart

Sugar Prices Fall on the Outlook for Ample Global Supplies

May NY world sugar #11 (SBK26 ) on Friday closed down -0.11 (-1.22%), and May London ICE white sugar #5 (SWK26 ) closed down -1.30 (-0.31%). Sugar prices remain weak as they continued their week-long slide on Friday, with NY sugar falling to a 5-week low and London sugar posting...

Evening Standard

People urged to buy only the fuel they need as protests continue in Ireland

The National Emergency Coordination Group warned that the number of fuel stations without supplies could rise to 500 on Friday.

Barchart

Cotton Slipping Back on Friday Morning

Cotton futures are trading with 9 to 15 point losses in the front months on Friday. The US dollar index is $0.079 lower at $98.510. Crude oil is up 50 cents on the day. USDA’s Export Sales report now has cotton export commitments at 10.25 million RB, down just 2%...

Barchart

Soybeans Rallying on Friday, Led by Meal Gains

Soybeans are trading with 7 to 13 cent gains at midday, led by the meal. The cmdtyView national average Cash Bean price is up 13 cents at $11.10 1/4. Soymeal futures are rallying $12 to $15 at midday, with Soy Oil futures down 50 to 53 points on Friday. USDA...

The Guardian - US

JD Vance warns Iran against trying to ‘play’ the US in peace talks

US vice-president flies to Islamabad for negotiations as Iranians insists Israel end its offensive in Lebanon

Evening Standard

FTSE 100 flatlines ahead of Iran-US peace talks

The FTSE 100 closed down just 2.95 points at 10,600.53.

We Got This Covered

Trump called the Strait of Hormuz toll plan ‘a beautiful thing’ and floated a joint venture. Then, warned Iran to stop charging ships 24 hours later.

Pick a side already.

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