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The Latest Breaking News from Oil

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

The Guardian - US

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...

Barchart

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.

The Conversation

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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.

MarketBeat

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.

Euronews

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.

Evening Standard

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

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

IN FULL

The Independent UK

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.

Barchart

‘AMERICA IS BACK!’: The ceasefire isn’t even set yet and Trump is already spoiling for a new fight

He is itching to start shooting "bigger, and better, and stronger than anyone has ever seen before."

We Got This Covered

Pakistan prepares to host US-Iran talks as ceasefire remains shaky

Islamabad is getting ready to host talks on Friday between the United States and Iran on a resolution to the war and the Strait of Hormuz, which remains at a standstill despite the ceasefire.

Euronews

How the Iran war could create a new global order in oil

Changes in the global market could keep oil prices higher and in the long term even shake the foundations of U.S. power.

Axios

Fuel shortages likely ‘for some time’ and economic growth downgraded due to Iran war, IMF warns

IMF director warns of lasting economic damage around the world – even if the fragile ceasefire holds

The Independent UK

Trump Says Iran Is Doing a 'Very Poor Job', 'That Is Not the Agreement We Have' Amid Strait of Hormuz Oil Tensions

Trump criticises Iran over Strait of Hormuz oil flow, saying it is 'doing a very poor job' amid fragile ceasefire and rising tensions.

International Business Times UK

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The Independent UK

North Sea oil prices hit record high amid Strait of Hormuz row

It eclipses the previous record, set during the 2008 financial crisis

Evening Standard

North Sea oil price rises to record high amid tension over ceasefire

It came as President Donald Trump accused Iran of not abiding by the agreement to immediately open the Strait of Hormuz.

The Conversation

More Australian LNG to Singapore flagged as Albanese looks to strengthen oil supply chain

Increased exports of Australian LNG to Singapore are in prospect, after Prime Minister Anthony Albanese met his Singaporean counterpart Lawrence Wong in Friday talks to shore up Australia’s oil supply chain.

The Independent UK

Tehran accused of ‘weaponising’ Hormuz as oil gains ahead of US-Iran talks

Abu Dhabi’s oil chief says nearly 230 vessels sit loaded with crude and ready to sail

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news in one place.

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Euronews

Putin announces Easter ceasefire, proposed by Kyiv for weeks

Moscow repeatedly ignored Kyiv’s calls for Easter weekend ceasefire around 12 April just to announce what it called its own “unilateral" truce.

Times Life

5 Dharma Shastra Tips for Long & Healthy Hair and Less Hair Fall

Before the world was loud with shampoos, serums, and hurried fixes, hair care in India was imagined more slowly, almost ritually. A woman’s hair was not treated as an afterthought. It was washed with care, perfumed with flowers, protected from dust, and tied with intention. The old Sanskrit tradition does…

Euronews

Stocks rise and oil prices gain as investors await ceasefire talks

Markets have remained positive, with oil prices edging slightly upward, coupled with gains for global equities ahead of the US-Iran talks in Islamabad on Saturday.

Fortune

‘Good for Russia, good for China, bad for America’: How the Iran war is reshaping global economies and power

Stagflation, unemployment, recession: The Iran war is rewriting the global economy, and the damage may be permanent.

The Guardian - UK

European airports ‘face jet fuel shortages within three weeks’; Irish army called in over fuel protests - as it happened

Body representing European airports reportedly warning of “systemic” shortages if strait of Hormuz is not reopened; petrol demonstrations in Ireland now in their fourth day

Evening Standard

FTSE 100 Live 10 April: Record North Sea oil price, US inflation set to surge

Uncertainty over the reopening of the Strait of Hormuz today kept the oil price close to $100 a barrel.

The Independent UK

Trump casts doubt on Iran ceasefire with Strait of Hormuz remarks

US President Donald Trump says that Iran will "never have a nuclear weapon", dismissing criticism of a "premature victory" regarding the nation. He criticised Iran's management of oil flows through the Strait of Hormuz, describing it as a "very poor job". The remarks cast doubt on the stability of a…

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