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The Latest Breaking News from Oil

Trump warns ‘no nuclear weapons’ ahead of high stakes peace talks with Iran

Donald Trump is under renewed pressure to find a lasting peace agreement as inflation climbs to two-year high

The Independent UK

Crude Prices Supported Ahead of Saturday’s US-Iran Peace Talks

May WTI crude oil (CLK26 ) today is up +1.05 (+1.07%), and May RBOB gasoline (RBK26 ) is up +0.0366 (+1.22%). Crude oil and gasoline prices are moving higher today amid a weaker dollar. Also, the Strait of Hormuz remains blocked, curtailing crude oil flows from the Gulf and curbing...

Barchart

What is Queensland’s Taroom trough and could it really be hiding a ‘sea of oil’?

LNP politicians visit a Shell drill site near Roma and claim a ‘generational opportunity’ to reduce Australia’s reliance on fuel imports. Others are more circumspect

The Guardian - AU

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Should You Chase the Relief Rally in Delta Air Lines Stock?

Delta Air Lines just jumped more than 11% on an Iran ceasefire–driven oil pullback. Does this prompt investors to 'Buy' here?

Barchart

Donald Trump Calls Iran's $2m Shipping Toll A 'Beautiful Thing' In Proposed Joint Venture

Iran's alleged $2M Strait of Hormuz transit fees draw criticism from Donald Trump, exposing cracks in the fragile US-Iran ceasefire agreement.

International Business Times UK

Fuel-price protests cause chaos in Ireland and spread to Norway

Irish drivers told to buy only fuel they need as filling stations run out and hauliers and farmers block motorways in fourth day of action

The Guardian - UK

New Cheaper Fuel Hits US Pumps On May 1 — But Millions Vehicles Cannot Use It

Emergency EPA waiver clears E15 gasoline for nationwide sale from May 1, barring pre-2001 cars, motorcycles, boats and small-engine equipment.

International Business Times UK

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Fears of UK and EU flight cancellations as airports warn of jet fuel shortages

Summer holidays could be hit unless oil flows through strait of Hormuz recommence within three weeks

The Guardian - UK

US Inflation Soars To Highest Level Since 2024 Amid Donald Trump's War With Iran

US inflation has climbed to 3.3% year-on-year, the highest rate since May 2024, as Donald Trump's war with Iran drives up global energy costs and everyday prices.

International Business Times UK

Ireland on ‘precipice of turning oil away’, Taoiseach warns as protests continue

Micheal Martin said the blockading of ports and a refinery by protesters was ‘unconscionable’.

Evening Standard

Irish army on standby as widespread fuel protests cause chaos across country

The Irish army remains on standby to help gardai remove blockades

The Independent UK

EU considering excessive profit taxes on oil and gas companies, foreign profits remain unclear

The European Commission is considering taxing windfall profits, similar to the mechanism applied in 2022 during the natural gas crisis. The plea came from five EU countries, which also called for the tax to be expanded to foreign profits dealing with fossil fuels.

Euronews

Current price of oil as of April 10, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

4 Grocery Categories Where Prices Are Stabilizing in 2026

Grocery receipts remain a source of anxiety for most families. The constant news coverage regarding food inflation creates a sense of financial doom. However, the economic data for 2026 tells a more nuanced story. While items like beef and coffee continue to surge in price, several major sections of the…

Grocery Coupon Guide

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Euronews

TotalEnergies closes key Saudi refinery after attacks

TotalEnergies has shut a major Saudi refinery after attacks, as Middle East disruptions force it to halt about 15% of its output.

International Business Times UK

Cuba's President Fires Back at NBC Anchor Who Asked If He Would Resign: 'Do You Ask That Question to Trump?'

Cuban President Miguel Diaz-Canel discusses the country's energy crisis and US-Cuba relations in an exclusive interview with NBC News.

The Guardian - US

US inflation soars in March as war on Iran drives economy into uncertainty

Prices were up 3.3% over the year, adding to the unpredictability that first came with Trump tariffs

Barchart

Cotton Showing Strength on Friday Morning Trade

Cotton price action is up 8 to 30 points so far on Thursday. Futures closed out the Thursday rally with contracts up 80 to 159 points across most contracts. The outside markets are generally supportive, with the US dollar index was $0.325 lower at $98.600. Crude oil was back up...

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The Conversation

What can governments do when petrol prices rocket?

The price of oil has changed a lot in the last few weeks. There have been dips as well as peaks, but generally, since the the start of the US-Israeli attacks on Iran at the end of February, the black stuff has been getting more expensive.

MarketBeat

3 Energy Stocks to Watch Now as LNG Demand Surges

Rising geopolitical tensions are driving LNG demand higher. Here are three energy stocks poised to benefit from surging U.S. LNG exports.

Euronews

Druzhba oil pipeline will be fixed this spring, Zelenskyy says

Ukraine’s president said the Druzhba pipeline, whose operational status remains tied to EU funding for Kyiv, will be fixed later this spring, with repair work under way.

Evening Standard

Blockades need to end, says minister as gardai arrive at Cork oil refinery

The escalation at Whitegate comes amid confusion over a Government meeting on Friday afternoon.

The Independent UK

Did Pete Hegseth just lay the groundwork for deploying US troops to Iran?

ANALYSIS: Donald Trump has struck a temporary ceasefire with Iran. But his top warmongerer-in-chief may have just laid out the permission structure for boots on the ground, writes John Bowden

The Independent UK

UAE oil chief accuses Iran of ‘weaponising’ Strait of Hormuz

IN FULL

Barchart

S&P Futures Waver With All Eyes on Key U.S. Inflation Data, U.S.-Iran Talks Awaited

June S&P 500 E-Mini futures (ESM26) are trending down -0.02% this morning, swinging between gains and losses as investors cautiously await key U.S. inflation data to gauge the impact of higher oil prices stemming from the Middle East conflict.

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