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The Latest Breaking News from Oil

WTI Crude Oil May Futures — Geopolitical Turmoil Meets Seasonal Demand

Front-month WTI rallied back into the mid-$70s — the highest since mid-2025. Meanwhile, the May26/June26 calendar spread flipped from parity to a $2.22 premium to May. That’s structural tightening, not just headline volatility.

Barchart

Voices: ‘Starmer has played this well’: Readers back PM as Trump and Blair pile pressure over Iran

YOUR VIEWS: Independent readers largely backed Sir Keir Starmer standing up to Donald Trump over Iran, with many warning Britain must not repeat the mistakes of Iraq

The Independent UK

Hungarian leader Orbán urges European Union to lift Russian energy sanctions

Hungary’s leader Viktor Orbán is urging the European Union to suspend sanctions on Russian energy as oil and gas prices jump

The Independent UK

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How much will your energy bills and petrol prices rise by on the back of the Middle East war?

Consumers will see prices rise due to turmoil in the Middle East – but by how much?

Evening Standard

5 Cars With Low Repair Costs

These five affordable cars have low repair and maintenance costs in 2026. Owners of these cars can save thousands of dollars on long‑term ownership costs.

GOBankingRates

Cotton Pushing Higher on Friday

Cotton prices are up 25 to 35 points on Friday morning. Futures posted 1 to 24 point gains across the board on Friday, as May was still down 141 points last week. Support came via the outside factors. Crude oil was up $10.22 on the day to $91.23. The US...

Barchart

Soybeans Holding Double Digit Gains Early on Monday

Soybeans are continuing the strength on Monday morning, as contracts are up 12 to 15 cents. Some contracts are 18 to 20 cents off the overnight highs. Futures rallied 16 ¾ to 21 ½ cents in the old crop contracts on Friday, as other contracts were 5 to 12 ½...

Barchart

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Britain thrown into 'full-blown' economic crisis by Iran war as Trump says oil cost surge 'is small price to pay'

The cost of oil topped $100 a barrel, FTSE 100 fell, mortgage rates are rising and there are fears over jumps in energy bills and petrol prices

Evening Standard

Oil over $100, markets in freefall, and Iran's new Supreme Leader is Trump's 'worst case' scenario

Finance ministers from the G7 are set to meet at 8:30 a.m. New York time to discuss releasing reserves held by the International Energy Agency.

Fortune

What does war in the Middle East mean for my finances?

Here, the Press Association looks at how the conflict could impact people’s finances in different ways.

Evening Standard

A new Khamenei as Supreme Leader, oil above $100: Did Trump miscalculate Iran?

Operation Epic Fury escalates as Iran installs Mojtaba Khamenei as supreme leader following his father's death. With oil prices soaring above $100 a barrel and attacks widening across the region, the conflict is morphing into a larger, riskier war with no clear end in sight.

The Times of India

How have UK petrol prices been affected by US-Iran war and oil price surge?

Cost of filling up a vehicle has now seen the steepest rise since the start of the Ukraine war in 2022

The Independent UK

Drivers told to cut down on certain journeys as fuel prices hit

Since the war began on February 28, the average price of a litre of petrol at UK forecourts has increased by 5p to 137.5p, while diesel is up 9p to 151.0p

The Independent UK

REV’IT! Says It’s Moving Away From PFAS. Here’s What That Means For Riders

The riding gear brand REV'IT! is working to remove PFAS from its products without sacrificing waterproof protection.

RideApart

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Euronews

Fico warns Slovakia may block EU's Ukraine loan if Orbán loses election

Slovakia’s prime minister said Bratislava could "take the baton from Hungary" and block the EU’s €90 billion loan to Ukraine if oil supplies through the Druzhba pipeline are not restored. Fico also condemned what he called "cowboy style" behaviour by international powers in Iran.

The Independent UK

Iran’s new supreme leader’s name appears on missile aimed at Israel

Projectile reads ‘At your service, Sayyid Mojtaba’ as son of Ali Khamenei launches first strikes in power

The Guardian - UK

In the other US target of regime change, Cuba, I saw real hardship – and resilience

Trump is choking off oil imports to the communist nation, plunging it into a crisis not seen since the fall of USSR, says Sara Kozameh, assistant professor in history at UC San Diego

Barchart

Stocks Set to Open Lower as Oil Prices Surge Above $100 on Middle East Conflict

March S&P 500 E-Mini futures (ESH26) are down -1.08%, and March Nasdaq 100 E-Mini futures (NQH26) are down -1.12% this morning, pointing to further losses on Wall Street as the escalating Middle East conflict triggered fresh turmoil in energy markets.

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The Independent UK

Why the UK is set for a ‘white knuckle ride’ as oil prices soar

IN FULL

Euronews

Bapco declares force majeure as Iran sets Bahrain's only refinery ablaze

Bapco Energies invoked force majeure on Monday after a strike set the Al-Ma'ameer facility ablaze, joining Qatar and Kuwait in suspending shipments as Iran escalates its attacks on Gulf energy infrastructure.

The Independent UK

Reeves issues inflation warning as Iran war sends oil prices soaring

PM says war impact could be felt on ‘the lives and households of everybody’

Evening Standard

Keir Starmer insists economy well placed to absorb ‘likely impact’ of Iran war

Oil prices have soared after the US and Israeli strike on Iran and Tehran’s retaliation against Gulf states.

Whats Hot

Stock Market Rout and Parliament Protests as US‑Iran Conflict Hits India

The escalating crisis in West Asia, triggered by the US-Israel attack on Iran and Iran’s subsequent retaliation, sent shockwaves through Indian stock markets and Parliament on Monday, March 9.

Axios

The Iran war's economic blowback is getting real

As oil prices surge, recession odds nearly doubled this month.

Evening Standard

Ministers eye new energy support as Iran war sends prices soaring

Derek Lickorish, chairman of electricity and gas firm Utilita, has warned ‘we just don't know’ how high gas prices will go

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