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The Latest Breaking News from Oil

US-Iran War Torpedoes Global Economy Into 'Lose-Lose' Scenario, Analysts Warn

A growing war involving Iran is shaping up to be an "everybody loses" scenario for the global economy, according to analysts at Morgan Stanley.

International Business Times

Iran's strikes on Gulf energy sites rattle markets and raise recession fears

Iran’s apparent erratic strikes all over the Gulf and now Azerbaijan, together with its stranglehold of the vital Strait of Hormuz, have resulted in a growing strain on the world’s global energy supplies with incalculable consequences ahead.

Euronews

Oil surges to highest price since 2023 and stocks drop as Iran war rages

Oil prices surged to their highest levels since 2023 due to the Iran war, coinciding with a weak update on the US labour market that highlighted the economy's precarious position.

The Independent UK

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Crude Prices Surge as Iran War Halts Middle East Crude Shipments

April WTI crude oil (CLJ26 ) on Friday closed up by +9.89 (+12.21%), and April RBOB gasoline (RBJ26 ) closed up +0.0757 (+2.83%). Crude oil and gasoline prices extended this week’s sharp rally on Friday, with crude soaring to a 2.5-year nearest-futures high and gasoline posting a 1.75-year high. The...

Barchart

The US Lost 92,000 Jobs Last Month With Only 50,000 New Ones Coming and Braces for More Inflation All While Under Trump

The US economy faces challenges as 92,000 jobs are lost, unemployment rises, and inflation fears grow amid Trump's policies and the Iran conflict.

International Business Times UK

Sugar Prices Jump as Crude Oil Surges

May NY world sugar #11 (SBK26 ) on Friday closed up +0.38 (+2.77%), and May London ICE white sugar #5 (SWK26 ) closed up +8.00 (+1.97%). Sugar prices settled sharply higher on Friday amid soaring crude oil prices. WTI crude oil (CLJ26 ) surged more than +12% on Friday to...

Barchart

High Rise Skin Is Going to Be the Biggest Beauty Trend of 2026

It's time to adopt "high rise skin."

Marie Claire

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'If They Rise, They Rise' — Trump Shrugs Off Surging Pump Prices as Qatar's Energy Minister Warns Oil Could Hit $150 a Barrel

As the US-Iran conflict intensifies, oil prices are skyrocketing, with potential global economic impacts. Discover how the Strait of Hormuz tensions are affecting energy markets.

International Business Times UK

Cotton Posting Friday Gains

Cotton futures are trading with 15 to 20 point gains across most contracts on Friday. Support s coming via the outside factors. Crude oil is up $10.10 on the day to $91.11. The US dollar index was back down $0.349 at $98.960 USDA Export Sales data from Thursday showed total...

Barchart

Corn Rally Pushes Higher on Friday

Corn futures are showing 4 to 7 cent gains so far on Friday. There were 5 deliveries against March corn futures overnight. Crude oil futures are up $10.10 at midday to continue the spillover support. The CmdtyView national average Cash Corn price is up 4 1/4 cents to $4.16. Export...

Barchart

Soybeans Extending Rally to Friday

Soybeans are pushing higher again on Friday, with midday gains of 18 to 20 cents in the front months. The cmdtyView national average Cash Bean price is up 18 3/4 cents at $11.24 1/4. Soymeal futures are $7.50 to $8.50 higher on the day, with Soy Oil futures 45 to...

Barchart

Qatar Issues Dire Energy Warning For 'Economies of the World' As U.S. Iran War Intensifies

Qatar is warning that the Iran war could force the shutdown of Gulf oil and gas exporters, driving oil prices to $150 a barrel.

International Business Times

FTSE 100 extends slide as Brent crude tops 90 dollars a barrel

For the week, the FTSE 100 was down 5.7%, the FTSE 250 fell 5.3% and the AIM All-Share dipped 4.2%.

Evening Standard

A boost for Moscow in the shadow of Iran war: US allows India to buy Russian oil for a month

The U.S. Treasury Department’s decision to allow India to buy Russian oil for 30 days underscores a boost for Moscow's fortunes against the backdrop of the Iran war as Russia's oil export earnings help pay for its own war against Ukraine

The Independent UK

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The Independent UK

Trump demands ‘unconditional surrender’ from Iran as war escalates with oil crisis

More than 30 Iranian vessels have been destroyed since Saturday, US Central Command has said

The Independent UK

Iran war forces OPEC nation to limit oil production as bottleneck in the Straits of Hormuz grows

The 10th largest oil producer in the world is looking at slowing down production amid continued strikes on Iran

Barchart

Surging Crude Oil Supports Sugar Prices

May NY world sugar #11 (SBK26 ) today is up +0.42 (+3.06%), and May London ICE white sugar #5 (SWK26 ) is up +9.30 (+2.29%). Sugar prices are sharply higher today amid soaring crude oil prices. WTI crude oil (CLJ26 ) surged more than +11% today to a 2.25-year high,...

The Guardian - UK

Iran war pushes oil price above $90, threatening rise in global inflation

Reports Kuwait was cutting output pushed up cost of barrel of Brent crude to highest weekly gain since Covid pandemic began

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Evening Standard

Homeowners face higher mortgage rates as Donald Trump's Iran war hits FTSE 100

Nationwide, HSBC and Coventry Building Society are among lenders raising mortgage rates as the Iran conflict rages on

Barchart

Crude Prices Soar as Iran War Disrupts Global Oil Supplies

April WTI crude oil (CLJ26 ) today is up +7.44 (+9.18%), and April RBOB gasoline (RBJ26 ) is up +0.0148 (+0.55%). Crude oil and gasoline prices are extending this week’s sharp rally, with crude soaring to a 2.25-year nearest-futures high and gasoline posting a 1.75-year high. The ongoing war in...

The Independent UK

Iran conflict threatens new UK cost of living crisis as energy markets in ‘turmoil’ and mortgage rates on the rise

Oil prices have seen their biggest weekly increase in six years, while experts warn energy bills could rise by 10 per cent in July

Barchart

Stocks Retreat Amid Inflation Fears and Weak US Jobs

The S&P 500 Index ($SPX ) (SPY ) today is down -0.95%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -1.00%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.76%. March E-mini S&P futures (ESH26 ) are down -0.95%, and March E-mini Nasdaq futures...

Fortune

Bypassing Hormuz: how technology, not territory, will win the new energy war

The era where owning the geography meant owning the power is over.

Radio France Internationale

Hungary vows pressure on Ukraine over Druzhba oil pipeline shutdown

Hungarian Prime Minister Viktor Orban has pledged to use “political and financial tools” to force Ukraine to restart flows through the Druzhba pipeline, the key route for Russian oil to Hungary and Slovakia.

The Conversation

How people in the Gulf are reacting to the Iran war

Iran immediately responded to US-Israeli strikes on February 28 by launching coordinated missile and drone attacks against US military installations in the Gulf region. Since then, its targeting has expanded to airports, seaports, hotels and oil refineries. The debris from missile interceptions has produced several casualties.

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