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The Latest Breaking News from Oil

Oil Prices Crash 16% on Iran War Ceasefire—Why ExxonMobil Is Still the Only Buy That Makes Sense

Oil prices and stocks had soared on the escalation of the Iran war, but a two-week ceasefire sent them plummeting. However, regardless of whether the ceasefire holds or new hostilities break out, one oil stock is a buy no matter which way this conflict goes.

Barchart

UK and Norway foil Russian submarine plot to survey undersea cables in north Atlantic

Britain and Norway announced new joint naval patrols aimed at protecting undersea cables from Russia in December, with a fleet of at least 13 warships protecting critical infrastructure in the North Atlantic.

Euronews

Stocks Slip Before the Open as Oil Rebounds Amid Fragile U.S.-Iran Ceasefire, PCE Inflation and GDP Data in Focus

June S&P 500 E-Mini futures (ESM26) are down -0.31%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.25% this morning as oil prices advanced amid waning optimism about the U.S.-Iran ceasefire.

Barchart

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It shouldn’t take a war for Britain to wake up to the need for food security

Everyone has a part to play in reducing our reliance on imported foods, but ministers must provide incentives, says Tim Lang of the Centre for Food Policy

The Guardian - UK

Record oil production in West Texas helps stabilize U.S. supply amid Iran war

Production in West Texas has helped the U.S. stabilize its demand for foreign oil amid the Iran war, despite drilling fewer oil wells.

The Texas Tribune

Energy Investing Is a Long Haul: How You Can Prepare the Road Ahead for Your Heirs

Oil and gas investments can play a lasting role in a diversified portfolio, but be sure to consider how they fit into your broader strategy and estate plan.

Kiplinger

Give every UK household enough cheap energy for essential uses, think tank urges

The universal subsidy would be funded by oil and gas companies’ ‘mammoth’ profits, says the New Economics Foundation

The Independent UK

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Oil prices rise and stocks fall as investors wary of ‘fragile’ US-Iran ceasefire

Experts said doubts about the stability of the deal in the Middle East were showing up in investor sentiment.

Evening Standard

We are already in a World War—and it won’t end soon: Ray Dalio

Driving the news

The Times of India

Oil prices rise as concerns grow over fragile US-Iran ceasefire deal

Israel launched strikes on Lebanon after the US-Iran ceasefire had been announced

The Independent UK

Why Ashwatthama Is Believed To Still Roam The Earth

Among all the mysterious characters of the Mahabharata, Ashwatthama remains one of the most fascinating. Many people believe that he still roams forests, temples, and remote places across India, carrying the curse given to him by Lord Krishna. Stories about his sightings continue even today, making him one of the…

Times Life

Strait of Hormuz not open, Abu Dhabi’s oil chief says as crude prices rise

Uncertainty over US-Iran ceasefire pushes price of Brent crude towards $100 a barrel

The Guardian - UK

Energy Insider: Former Sinochem Executive Charged With Bribery and Abuse of Power

Chinese chemical stocks surge after missile attack on Saudi industrial hub; China halves domestic fuel price hikes amid surging global oil markets

Caixin Global

Stop attacks on Lebanon, Britain tells Israel amid fragile ceasefire as it warns Tehran not to 'hijack' Strait of Hormuz

Foreign Secretary Yvette Cooper also told Tehran to stop ‘hijacking’ the Strait of Hormuz as the truce between the US and Iran was hanging by a thread

Evening Standard

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Euronews

Oil pushes past $97 again as markets eye ceasefire doubts

Oil clawed back above $97 a barrel Thursday as investors bet the US-Iran ceasefire will not last, and the near-shut Strait of Hormuz is doing little to convince them otherwise.

The Guardian - UK

Ed Miliband hold firm! North sea oil and gas drilling won’t help anyone other than Nigel Farage

It’s worrying to watch Labour entertain Reform’s fantasies about fossil fuels. Only renewables will bring lower bills and higher energy security, says Guardian columnist Zoe Williams

The Guardian - UK

Oil rises and global stocks wobble amid worries over ‘fragile’ ceasefire deal in Middle East – as it happened

Rolling coverage of the latest economic and financial news

Evening Standard

FTSE 100 Live 09 April: Index fades and oil price rises amid ceasefire strain

The Brent crude oil price today resumed its rise amid signs the Middle East ceasefire is already under strain.

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Euronews

Why oil and gas prices could stay high in Europe even if the Iran war ends

Energy prices in Europe could stay high for a while, even though the region doesn’t rely heavily on the Strait of Hormuz. Here’s what’s behind it.

Woman & Home

Bath oils are the indulgent, self-care step Gillian Anderson never skips - and these are her favourites

Promising a luxurious scent and deep hydration, a bath oil will instantly elevate your next soak - and they're a go-to of Gillian Anderson's.

The Guardian - UK

Thursday briefing: What difference will the ceasefire in the Middle East make, and will it hold?

In today’s newsletter: The truce offers a reprieve after weeks of turmoil, but unresolved disputes and competing interpretations of what was agreed, threaten to pull the region back toward crisis at a moment’s notice

The Guardian - AU

Australia eyes new fuel supply from US, Mexico and Asia as diesel prices spike to record high

Shipments of fuel into Australia secure until at least the middle of May, energy minister says

AAP

Experts pour water on 'speculative' oil field proposal

An energy expert is pointing to logistical and political hurdles to oil drilling in Australia as climate campaigners pour cold water on a proposal.

AAP

Albanese seeks out fuel supply deal in Singapore visit

The prime minister is hoping an agreement with Australia's largest provider of oil can be reached as the Middle East conflict causes global volatility.

The Independent UK

The Barbary’s best recipes: 10 dishes to cook at home

A restaurant built on fire, flavour and the hum of a packed counter turns 10 – and, for once, lets you in on the secrets. These are the dishes that made The Barbary a modern London classic, now yours to cook at home

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