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The Latest Breaking News from Oil

Cruise ship caught on reef off tiny Fiji island where Cast Away filmed

Salvage crews work to avoid oil spill after Fiji Princess cruise ship grounded off Monuriki Island on Saturday

The Guardian - AU

Donald Trump asks Tehran to open Strait of Hormuz; Iran says 'lost the keys': Where things stand after a month of war

US President Donald Trump has once again raised the stakes in the ongoing Middle East conflict, demanding that Iran reopen the Strait of Hormuz by a self-imposed Tuesday deadline or face sweeping military strikes. His latest warning, delivered in blunt and aggressive language, comes after weeks of escalating hostilities that…

The Times of India

Asian shares mostly gain while oil prices keep rising

Asian markets that are open for trading are mostly rising as investors continue to closely watch the war in Iran, soaring oil prices and what President Donald Trump might say next

The Independent UK

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'Dragging US towards living hell': Iran slams Trump's 'Tuesday threat' over Strait of Hormuz closure

Iran has strongly responded to US President Donald Trump's recent threat concerning the Strait of Hormuz. Tehran's Parliament Speaker accused Trump of reckless escalation driven by Israeli interests. Trump had issued an ultimatum demanding the reopening of the vital oil route. Iran rejected the threat, with military officials calling Trump's…

The Times of India

Ukraine war briefing: Russian oil facilities burn as Zelenskyy tours Middle East

Repairs will be slow and costly, pro-Russian bloggers complain; Ukraine’s president says Iran war is benefiting Moscow. What we know on day 1,503

The Guardian - AU

Consumer spending and confidence in the spotlight

Analysts and governments will pore over latest economic data this week for more insight into the devastating impact of soaring fuel prices on the nation.

AAP

Diesel now over B50 per litre

Diesel prices rose another 2.80 baht a litre at 5am on Sunday as the state Oil Fuel Fund cut the diesel price subsidy.

Bangkok Post

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Oil climbs and stock futures drop as fuel shortages spread while Trump makes series of apocalyptic threats against Iran ahead of moving deadline

Trump told ABC News that if Iran doesn’t make a deal, “their whole country is gone.”

Fortune

Oil climbs anew on mixed signals about Iran war's future

President Trump has signaled major escalation, but also told Axios that the U.S. is in "deep negotiations" with Iran.

Axios

Scientists find way to make healthier and ‘oozier’ vegan cheese

Vegan cheese is typically made from a combination of starch and solid fats like coconut or palm oil.

Evening Standard

Deadline Day: Iran Rejects Trump's Ceasefire as Global Oil Supply Hangs in Balance

Iran rejects Donald Trump's temporary ceasefire proposal, refusing to reopen the Strait of Hormuz as global oil markets brace for unprecedented disruption and potential military strikes.

International Business Times UK

Scientists find way to make a healthier and ‘oozier’ version of vegan cheese

The team achieved the feat using a process called oleogelation

The Independent UK

The Market Isn’t Pricing War. It’s Pricing What Comes After

Markets aren’t reacting to war; they’re repricing what the war forces to break.

Barchart

Iran War, Inflation Reading and Key Things to Watch this Week

Markets enter a critical week following Friday's Good Friday employment report that will be digested through Sunday evening futures reactions, while focus shifts to a busy economic data schedule culminating in dual inflation readings—Thursday's February Core PCE Price Index and Friday's March CPI both at 8:30am.

Barchart

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The Guardian - UK

Iran strikes Kuwait’s oil infrastructure before Opec+ supply talks

Members reportedly agree a rise of 206,000 barrels a day in May, but move symbolic while strait of Hormuz is effectively closed

The Guardian - AU

‘Doesn’t make sense to hold on to a combustion engine’: used EV prices rise as Australia’s fuel crisis hits

Stock runs low as oil crunch increases enthusiasm for electric vehicles

The Times of India

Middle East crisis: Donald Trump threatens to ‘blow everything up and take the oil’ if Iran doesn’t make a deal

US President Trump issued a stark warning to Iran, threatening to "blow everything up and take over the oil" if a deal to reopen the Strait of Hormuz isn't reached swiftly. Tensions escalated following US-Israeli strikes on Iran, disrupting oil markets and regional stability.

Evening Standard

Trump says ‘Praise be to Allah’ as he orders Iran to ‘Open the F****ng’ Strait’ in wild rant

US president issues stark warning as tensions soar in the Gulf and daring mission rescues downed airman hunted in Iranian mountains

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news in one place.

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The Independent UK

Sweden releases sanctioned tanker due to lack of evidence it caused oil spill

Swedish authorities have released a tanker sanctioned by the EU that was detained on suspicion of causing an oil spill in the Baltic Sea

The Guardian - US

Rice’s whales existed before humans. Now Trump could make them extinct

The US has invoked national security to remove protections for the endangered cetacean, of which only about 50 are left

Fortune

‘It’s shocking how poorly prepared the administration is’: DOGE gutted major energy personnel who warn the U.S. has lost key insights amid Iran war

Last year, the Trump administration eliminated the Bureau of Energy Resources, which maintained close relationships with private sector oil companies and foreign energy ministries.

The Times of India

Russia downs Ukrainian drones; debris damage oil pipeline near Baltic port

Russian air defenses intercepted 19 Ukrainian drones over the Leningrad region, with debris damaging an oil pipeline near Primorsk. This incident highlights Ukraine's increasing strikes on Russian energy assets amid stepped-up Russian offensives in eastern and southern Ukraine. Kyiv, facing resource limitations and air defense shortages, seeks new partnerships for…

Euronews

Zelenskyy warns US-Iran war could divert critical aid from Ukraine

President Zelenskyy has warned that a prolonged US-Israeli war with Iran is threatening the supply of vital Patriot missiles and boosting Russia’s economy through surging oil prices.

We Got This Covered

Iran claims to shoot down second F-35 – the most advanced fighter jet America has, says the pilot didn’t make it out

CENTCOM didn’t confirm this.

The Independent UK

Iran-US war latest: Trump vows to decimate Iran as deadline approaches and says he’s ‘not worried’ about war crimes

US president says he is ‘not at all’ concerned about war crimes as he threatens the destruction of Iran’s key infrastructure by Tuesday

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