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The Latest Breaking News from Oil

Current price of oil as of April 3, 2026

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

Fortune

Russia Readies New Oil Shipment To Cuba After Trump Doesn't Enforce Blockade On First One

Russia is preparing a new oil shipment to Cuba after President Donald Trump didn't enforce a blockade on one earlier this week.

International Business Times

Human remains found on Thai-flagged cargo ship attacked in Strait of Hormuz

Families informed as investigation continues into attack on Thai vessel in critical oil route

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Keir Starmer condemns ‘reckless’ Iranian attack on Kuwaiti oil refinery

Tehran fired drones and missiles at targets across the Middle East overnight as the war nears the end of its fifth week.

Evening Standard

How long can the EU’s oil reserves last?

The 400 million barrels of oil released by the International Energy Agency — of which 92 million barrels were contributed by 20 EU countries — could last about five months, according to analysts. The bloc also relies on storage reserves.

Euronews

Food prices spiked in March as Middle East conflict drove up energy costs, UN says

Biggest rises were in vegetable oil and sugar prices, which increased by 5% and 7% respectively

The Guardian - UK

Pakistanis face unprecedented fuel price rise of up to 54% as global oil price spikes

Pakistanis are facing record fuel price increases as petrol and diesel prices surge by up to 54%

The Independent UK

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Swedish coastguard boards tanker believed to have caused oil spill in Baltic Sea

According to the ship tracking site Marine traffic, Flora 1 departed the Russian oil port Primorsk headed for Santos in Brazil, flying the flag of Sierra Leone.

Euronews

How sheltered really is the US from the Gulf oil supply crisis?

As Trump suggests Middle East oil disruption is not his problem, experts say talk of US ‘energy independence’ is a smokescreen – with consumers paying the price

The Guardian - US

Of course we shouldn’t drill for more oil in the North Sea – we cancelled further exploitation for a reason

We are at a critical point in the climate emergency and already struggling to meet emissions reduction targets. The UK government must hold its nerve, says Bill McGuire, professor emeritus of geophysical and climate hazards

The Guardian - UK

Energy experts call for Jackdaw gas field to be approved

It is understood Energy Secretary Ed Miliband has not reached a decision.

Evening Standard

French and South Korean leaders say they'll work together to reopen Strait of Hormuz

Iran warned the UN Security Council against any "provocative action", ahead of a scheduled vote on a draft resolution on the Strait of Hormuz that ended up being postponed.

Euronews

Tehran fires at Israel as Trump warns US has not started 'destroying what is left' in Iran

Israel's military reported a new missile salvo from Iran on Friday, with its air defences operating to down them, but there were no immediate reports of casualties.

Euronews

Watch: Kuwait refinery on fire after another Iranian drone attack, operations under threat

Iranian drones struck Kuwait's Mina al-Ahmadi oil refinery, causing fires and highlighting the escalating attacks on critical energy infrastructure in the Gulf. This incident occurs amidst ongoing hostilities between Iran, the United States, and Israel, impacting global oil flows and prices.

The Times of India

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Tom’s Guide

Move over vinegar: This $3 pantry staple is the real secret to grease-free cabinets

How to clean greasy cabinets: The one secret ingredient that cuts through the grime.

Woman & Home

Grown-up bath brand Saltair is huge in the US, and it's my secret to smelling chic all day long

From skin-nourishing body oils to sophisticated deodorants, Saltair scents every step of your body care routine, and perfectly layers with your perfume

Euronews

Italy clings to coal-powered plants as EU countries shield from Iran war with renewables

Italy’s four coal-powered plants, which are currently on stand-by, could be reactivated if gas and oil supply issues escalate.

The Independent UK

The Latest: Iran launches missiles at Israel and Gulf states as explosions heard around Tehran

Iran fired missiles at Israel and some Gulf nations while explosions could be heard around Tehran and the central Iranian city of Isfahan

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The Independent UK

Oil prices surge while Asian share prices rise moderately

Oil prices are surging on worries of a prolonged Iran war while Asian financial markets are rising moderately during cautious trading

The Guardian - AU

A day in the life of Asia’s fuel crisis

From farms in New Zealand to factories in Delhi, the effects of the oil crisis triggered by the Iran war are rippling across Asia

The Independent UK

Cuba releasing 2,010 prisoners as the US pressures the island's government

The Cuban government says it will release 2,010 prisoners in a move that comes while the Trump administration puts extreme pressure on the island’s government with a suffocating oil blockade

Barchart

Soybeans Ease Lower on Thursday

Soybeans saw losses of 1 to 5 ¼ cents in most contracts on Thursday, as May saw a 4 ¼ cent gain this week. The cmdtyView national average Cash Bean price was down 5 1/2 cents at $10.94. Soymeal futures were down $3.00 to $4.20, as May was down 10...

Barchart

Cotton Settles Mixed to Close the Week

Cotton futures were up 16 points to down 21 points at the Thursday close, as May was up 146 points this week. The US dollar index was $0.402 higher at $99.860. Crude Oil was up $11.94 at $112.06, after President Trump’s address the nation on Wednesday night that indicated 2-3...

Barchart

Hormuz Shutdown: Where are the Grain, Cattle, and Oil Markets Headed?

The war in Iran is driving a historic surge in energy and grain prices while simultaneously threatening to break the cattle market due to rising input costs and shrinking consumer disposable income.

Barchart

Stocks Recover on Hopes Strait of Hormuz Could Soon Reopen

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.11%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.11%. June E-mini S&P futures (ESM26 ) rose +0.08%, and June E-mini Nasdaq futures...

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