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The Latest Breaking News from Oil

Michelle O’Neill says DUP acting as ‘cheerleaders’ for war amid rising oil costs

The First Minister said the parties can work ‘together whilst having a very different approach to what’s happening internationally’.

Evening Standard

With oil once again a weapon in the Middle East, is clean energy the key to peace?

By closing the Strait of Hormuz and attacking oil and gas facilities in Gulf countries, Tehran is driving up hydrocarbon prices. But renewable energy – largely dominated by China – is not immune to the effects of geopolitical tensions either.

Radio France Internationale

Resident Evil Requiem's ending might finally solve the series' biggest problem

Spoilers ahead as I breakdown what the ending of Requiem might mean for Resident Evil 10

GamesRadar

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Zelenskyy says he's reluctant to repair pipeline that brings Russian oil to Central Europe

President Volodymyr Zelenskyy says he would rather not repair a damaged pipeline that carries Russian oil to Central Europe

The Independent UK

Crude Oil Prices Soar as Iran War Disrupts Global Supplies

April WTI crude oil (CLJ26 ) today is up +4.88 (+6.54%), and April RBOB gasoline (RBJ26 ) is up +0.1222 (+4.86%). Crude oil and gasoline prices are soaring today, with crude posting a 13.5-month nearest-futures high and gasoline posting a 1.75-year high. Crude prices continued to climb as the war...

Barchart

Stocks Fall as Crude Oil Surge Stokes Inflation Fears

The S&P 500 Index ($SPX ) (SPY ) today is down -0.67%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -1.46%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.36%. March E-mini S&P futures (ESH26 ) are down -0.70%, and March E-mini Nasdaq futures...

Barchart

White House is looking ‘under every rock’ to solve rising gas prices after Trump’s war in Iran spikes costs, report says

Gas prices in the U.S. rose roughly 28 cents per gallon in one week, as a result of U.S. and Israeli strikes in Iran

The Independent UK

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Venezuela to sell up to 1,000 kg of gold to US markets in new deal: Report

Venezuela's Minerven has signed a multimillion-dollar contract with Trafigura to sell 650-1,000 kg of gold dore bars to the US. US Interior Secretary Doug Burgum facilitated the deal, which involves gold being sent to US refineries. This marks a significant tightening of commercial ties between the US and Venezuela.

The Times of India

Stocks Pressured by Rising Oil Prices and Bond Yields

The S&P 500 Index ($SPX ) (SPY ) today is down -0.26%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.80%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.16%. March E-mini S&P futures (ESH26 ) are down -0.20%, and March E-mini Nasdaq futures...

Barchart

How the Iran war will hurt you in the pocket as costs soar

Petrol, heating, and grocery bills could all take a hit as the conflict shows no sign of slowing

Evening Standard

Households on heating oil already grappling with soaring prices

The problem is particularly acute in Northern Ireland, where 62.5% of homes rely on it, compared to the UK average of just over 5%.

Evening Standard

European markets lost ground as oil prices climb further amid new Iran attacks

European stock markets lost their enthusiasm by the early afternoon following a positive trend in the first half of the trading lead by strong performances in Asia. Meanwhile, oil prices are rising further.

Euronews

Turkey fears it will pick up the bill for Washington's war in Iran

Turkish President Recep Tayyip Erdogan is intensifying diplomatic efforts to end the Iran war after an Iranian missile was shot down approaching Turkey. The country worries it could be among those most affected by the conflict, as rising oil prices threaten the nation’s fragile economy and a potential Iranian refugee…

Radio France Internationale

The US-Iran war has divided Europe, leaving Spain in a critical position

The impacts of the joint US-Israeli operation against Iran, which began on February 28, will be felt globally in ways that we cannot yet foresee. Financial markets are reacting negatively to the offensive, and the price of Brent crude oil has risen by 25% since the attack began.

The Conversation

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Evening Standard

‘Outrageous’ fuel price hikes in Ireland amid Middle East conflict, Dail told

Reports of dramatic increases to fuel costs, such as home heating oil and motor fuel, have been sent to TDs.

Barchart

Cotton Steady to Kick Off Thursday Trade

Cotton price action is holding near unchanged on Thursday morning. Futures were up 10 to 15 points in the front months on Wednesday. The outside markets provided some support, as crude oil was up $1.54 on the day to $76.10. The US dollar index was back down $0.231 at $98.775....

Fortune

Asia faces an energy shock from the Iran war and a closed Strait of Hormuz, as governments halt exports and draw down stockpiles

Asian countries like China, Korea and Japan have tried to diversify their energy imports, yet they still depend on oil and gas from the Middle East.

The Independent UK

The country that will benefit the most from Trump’s war on Iran? Russia

ANALYSIS : As India and China scramble to replace blocked Gulf oil, analysts tell Stuti Mishra the ultimate beneficiaries of this war are clear

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The Guardian - UK

Ministers discuss ways to offset energy price surges caused by Iran war

Government’s claim to have lowered bills in jeopardy as households face £160 rise caused by soaring oil and gas prices

The Independent UK

Voices: ‘A wrong and broken system’: Readers fear soaring bills as Iran war threatens to deepen cost of living crisis

YOUR VIEWS: Our community voiced frustration and anxiety over soaring oil and gas prices, warning that a system tied to volatile global markets leaves households exposed, heating oil users unprotected, and consumers once again paying the price for political decisions and energy policy failures at home and abroad

Fortune

In the Iran war, it’s not the oil that’s important—it’s the water

Today’s Fortune 500 Digest.

International Business Times UK

World War 3 Fears: Chilling Threat To Strike European Ships 'By The Help Of God'

Iran's Revolutionary Guard attacks US oil tanker in Persian Gulf, escalating tensions and sparking World War 3 fears. Learn about the latest developments and global implications.

MarketBeat

Chaos & Crude: 3 Energy Stocks Built to Thrive in This Market

The global footprints of Exxon Mobil and Chevron offer stability, while a strategic reset and strong backing position Occidental Petroleum for upside.

The Independent UK

Zelensky: Trump using up all his missiles on Iran risks leaving Ukraine short against Putin

EXCLUSIVE: In an exclusive interview with The Independent’s world affairs editor Sam Kiley, Volodymyr Zelensky said his country may be left more vulnerable, but that the lesson from Iran is that he needs weapons to force Putin to genuine peace

Euronews

Iran war: How exposed are European economies?

The closure of the Strait of Hormuz has sent gas prices surging by 60%, putting additional strain on Europe's already-depleted winter inventories and prompting economists to revise their 2026 growth and inflation outlooks.

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