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The Latest Breaking News from Oil

S&P Futures Plummet as Middle East Conflict Fuels Inflation Fears

March S&P 500 E-Mini futures (ESH26) are trending down -1.77% this morning as the Middle East conflict has entered its fourth day with no signs of de-escalation, driving oil prices higher and stoking inflation concerns.

Barchart

Strait of Hormuz Closure is a Guaranteed Global Recession, Inflation Risks Surge on Rising Oil Prices

The closure of the Strait of Hormuz could impact global energy supply chains and drive up oil prices, which analysts believe could lead to a worldwide recession.

International Business Times UK

5 Non Meat Protein Foods Packed With Power, Plus Easy Recipes to Add to Your Routine

Looking for plant based protein sources? These 5 non meat protein foods offer serious nutrition, plus simple recipes to add to your daily diet.

International Business Times

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Iran war casts a pall over UK economic update

With oil prices soaring and stocks tanking, the fast-evolving Iran war has cast a pall over the economic forecasts that British Treasury chief Rachel Reeves is set to unveil later Tuesday

The Independent UK

Stock markets slump amid Iran war as gas prices jump 30% to three-year high

FTSE 100 on track for its worst day in 11 months, while Japan’s Nikkei and South Korea’s Kospi also fall

The Guardian - UK

How Iran's strikes are putting Dubai's 'safe-haven' reputation under strain

Dubai, once a symbol of Middle Eastern stability, now faces unprecedented threats after Iranian missile and drone strikes targeted its airport and iconic landmarks. The attacks shattered the city's aura of invincibility, raising serious concerns for its economic model and the safety of millions of residents, particularly the large Indian…

The Times of India

Houseplant hacks: can neem oil really beat mealybugs?

This natural pesticide may work on a small infestation – it just requires elbow grease and repeat treatments

The Guardian - UK

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Oil prices surge further and markets slump as Middle East war intensifies

Brent crude rose by another 4% on Tuesday to stand at a one-year high of nearly 81 US dollars a barrel, while the FTSE 10 tumbled more than 2%.

Evening Standard

Soaring oil and gas prices threaten new inflation headache for Reeves

Qatar produces a fifth of the world’s LNG and is the biggest supplier to Asia

Evening Standard

Oil prices rise further as Iran blocks vital shipping route

Brent crude rose by more than another 3% on Tuesday to a one-year high of 80 US dollars a barrel.

Evening Standard

Here we go again...can markets take the latest turmoil in their stride?

Investors have experienced copious financial crises in the last 40 years

Evening Standard

Chris Bowen urges motorists not to panic-buy petrol as oil prices jump amid Iran conflict

Energy minister says ‘there is no need to rush to the service station and fill up’ as treasurer urges consumer watchdog to monitor for price gouging

The Guardian - AU

What is a 'Fuel Duty Rise' and What Does Rachel Reeves Have to Do With It?

Chancellor Rachel Reeves faces mounting pressure over planned fuel duty rises as oil prices surge amid escalating Middle East tensions.

International Business Times UK

Iran conflict could have ‘very significant’ impact on UK economy, OBR warns; FTSE 100’s biggest fall in 11 months – as it happened

Spring forecast show UK unempoyment to peak higher than feared, as tax take heads for a record, but headroom against fiscal rules has increased

The Guardian - UK

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Evening Standard

FTSE 100 Live 03 March: Energy price surge continues, stocks deep in red

Fears of a new inflation spike have intensified after oil and gas prices today extended their upward momentum.

International Business Times UK

Saudi Market Reaction: How Global Oil Prices React to Gulf Infrastructure Attacks

Drone attacks on the US Embassy and Aramco's Ras Tanura refinery in Riyadh raise security alarms and impact global oil markets

The Independent UK

Iran attacks threaten US economy with more uncertainty around inflation, growth

The U.S. and Israeli attacks on Iran add yet more question marks around a U.S. economy already buffeted by on-and-off tariffs, weak hiring, and lingering inflationary pressures

The Guardian - UK

Trump’s show of force in the Middle East creates a weakness China can exploit

Beijing can again leverage its critical minerals dominance over an increasingly busy US military, as Taiwan slides further down the White House list of priorities

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inkl

What Essential Oil Is Good for Congestion?

Congestion is an incredibly uncomfortable symptom to have to deal with during allergies or colds.

The Times of India

New satellite images capture aftermath of Iran's strike on Saudi Aramco oil refinery

Iran launched a barrage of drones and missiles at Gulf states, targeting energy installations in Qatar and Saudi Arabia, including the Ras Tanura Refinery. The US Embassy in Riyadh was also attacked. These strikes, continuing into Tuesday, mark a sharp escalation in regional conflict following the death of Supreme Leader…

The Independent UK

Asian shares are mostly lower as investors focus on the Iran war's impact on energy supplies

Asian shares are mostly lower and oil prices have surged higher as investors eye risks to the region's energy supply because of the Iran war

The Conversation

Why surging oil prices are a shock for the global economy – but not yet a crisis

Global oil markets have reacted swiftly to escalating tensions in the Middle East as the United States and Israel continue their assault on Iran.

AAP

Australian shares drop as conflict realities set in

ASX shares have given way after an optimistic start to the week as investors braced for more impacts of the Middle East conflict on oil prices and inflation.

The Guardian - AU

‘Live’ chance of interest rate hike at March RBA meeting amid oil price spikes affecting inflation, governor says

Michele Bullock not ‘making a prediction’, but cites rise in oil prices due to attacks on Iran and tight labour market as factors in possible cash rate rise

The Guardian - AU

Ukraine war briefing: Russia’s army records slowest advance since 2024 amid Starlink cut, data shows

Kyiv’s forces find success along southern frontline in February, while Russian troops grind forward in the east. What we know on day 1,469

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