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The Latest Breaking News from Oil

AI will tell you Australia’s fuel reserve is in the US. But is that even true?

Australia does not have a government-backed stockpile, experts say, and even if we did still store oil in the US, it would not be much

The Guardian - AU

Dead gardens, dusty cars: Frustrated Corpus Christi residents take precautions as water crisis nears

The city’s water supply has been nearly depleted by a prolonged drought and a recent boom of oil refineries in the area. Locals have been limiting outdoor watering, shower time and car washes.

The Texas Tribune

Oil Prices Plunge 13% as Donald Trump Delays Threat to 'Obliterate' Iran Power Plants

Donald Trump stepped back from his threat to destroy Iran's power plants on Monday, announcing a five‑day postponement of planned military strikes after reporting constructive diplomatic talks with Tehran. The announcement sent Brent crude falling sharply, offering global markets a rare moment of relief as the month‑long conflict showed its…

International Business Times UK

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3 High-Yield Stocks to Buy Now If You Are Looking to Invest for Stagflation

These high-yield stocks offer a compelling mix of income and defensive stability, making them attractive options for investors preparing for a potential stagflationary environment.

Barchart

Iran has finally exposed the limits of Trump’s power

ANALYSIS: A five-day ‘pause’ allows Gulf nations to find dwindling air defences, buys Iran’s decentralised military system respite and gives Trump the chance to reflect on how to get out of a quagmire Tehran prepared for him, writes world affairs editor Sam Kiley

The Independent UK

Kevin O'Leary Predicts the Strait of Hormuz Crisis Will be Resolved in The Next 30 Days

Kevin O'Leary discusses the potential resolution for the Strait of Hormuz blockade and its impact on global oil prices and the US economy.

International Business Times UK

Trump 'Panicking' With 'No Plan' on Hormuz as He Loses Control of the Iran War, Lawmakers Say

Lawmakers agonize over Trump having 'no war plan' for Iran. The president's inconsistent handling of the Hormuz crisis sparks global instability, raising legal, strategic, and economic concerns.

International Business Times UK

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Current price of oil as of March 23, 2026

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

Fortune

I’m a Ouai Loyalist—These 7 Products Are Hands-Down the Best for Fine Hair

My favorites, ranked.

Marie Claire

Gold and silver plunge and then recover after Trump's Iran talks statement

Middle East conflict was supposed to boost precious metals. Instead, oil and rate fears have sent silver crashing 40%, and gold is feeling it too.

Euronews

Oil prices retreat and markets pull out of nosedive on US-Iran talk hopes

Brent crude swiftly fell as much as 10% after President Donald Trump said the US would pause strikes for five days.

Evening Standard

Trump’s ‘Venezuela solution’ to Cuba would see the island nation returned to a client state

The U.S. and Cuban governments have been at odds since the conclusion of the Cuban Revolution 67 years ago. Yet despite pressure, embargoes and various CIA plots, the communist government in Havana has resisted the wishes of its very powerful neighbor separated by just 90 miles (145 kilometers) of water.

The Conversation

Oil prices tumble and markets rebound after Trump announces Iran strike pause

Brent crude swiftly fell as much as 10% after President Donald Trump said the US would pause strikes for five days.

The Independent UK

Watch out, Weber – Campingaz just debuted the griddle of the year and it’s only £200!

Campingaz’s new griddle has a clever lid for the best cooking performance

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International Business Times UK

NATO Expects Europe to Unite on Iran War as Trump Calls Them 'Cowards' Amid Oil, Market Chaos

As the Middle East crisis deepens, Europe grapples with tough decisions amid rising tensions with NATO and the US. Discover the latest developments and their impact on global markets.

International Business Times

US-Iran War Costs Soar Past $25 Billion for America as Global Economy Reels from Oil Shock

The ongoing U.S.-led military campaign against Iran, now in its fourth week, has already cost American taxpayers an estimated $25 billion to $30 billion in direct military expenditures, with broader global economic damage mounting from disrupted energy supplies, surging oil prices and market volatility.

International Business Times

World Oil Prices Surge to Near $113 as US-Iran Conflict Disrupts Strait of Hormuz Flows on March 23, 2026

Global oil prices climbed sharply Monday amid persistent disruptions to the Strait of Hormuz caused by the ongoing U.S.-Iran conflict, with Brent crude benchmark rising to around $113 per barrel as supply fears intensified in the fourth week of hostilities.

International Business Times UK

Trump Presidency in Peril as Inflation Forecast Shows Prices Surging Past 5%—Fuel Costs and Iran War Backlash Mount

Economic forecasts warn of US inflation surpassing 5% due to rising fuel costs linked to the Iran conflict, posing challenges for Trump's administration.

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The Independent UK

World heading for energy crisis ‘worse than 70s oil shocks and Ukraine combined’

IN FULL

International Business Times UK

US Stocks Continue Downtrend, Gold Records Largest Weekly Decline Since '83 After Trump's Hormuz Ultimatum

International Energy Agency director believes that the fallout from the Middle East war is equivalent to the two major oil crises of the 1970s and the 2022 gas crisis 'put together.'

Ideal Home

I’m impressed that this quiet Daewoo oil-filled heater continues kicking out heat for hours after it’s been turned off — it’s ideal when I’m working from home

It'd be ideal for someone working from home

The Independent UK

World facing worse energy shock than 1970s oil crisis and Ukraine war combined, says IEA chief

Fatih Birol says world leaders underestimating impact war in Middle East will have on energy prices

Barchart

Stock Index Futures Rally as Oil Prices Tumble on U.S.-Iran Talks

June S&P 500 E-Mini futures (ESM26) are up +1.53%, and June Nasdaq 100 E-Mini futures (NQM26) are up +1.57% this morning, pointing to a sharply higher open on Wall Street as sentiment got a boost after U.S. President Donald Trump said the U.S. and Iran had “very good” conversations about…

The Mary Sue

Trump’s brutal ‘cowards’ claim rocks NATO as one major player finally crumbles under US pressure

The British government has partially reversed its stance, now allowing the United States military to use UK bases for airstrikes aimed at clearing the Strait of Hormuz of Iranian obstacles. This policy shift was announced by Prime Minister Keir Starmer’s office just hours after President Donald Trump publicly called European…

The Independent UK

Markets tumble and oil prices rise after Strait of Hormuz threats

IN FULL

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