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The Latest Breaking News from Oil

London flight cancellations begin as fuel prices soar and demand drops

Airlines have cut routes and warned of further disruption as rising oil prices push up costs and hit passenger numbers

Evening Standard

Stocks Are Mixed Despite a Huge Oil Move: Stock Market Today

Stocks and oil continue to rise and fall with the ebb and flow of news from the White House and the Middle East.

Kiplinger

Paul Krugman smacks down Trump speech with argument that $4 gas is ‘less than half’ of the Hormuz hit. Here’s what he’s talking about

Several other essential commodities cross the critical choke point, and a prolonged closure of the strait could injure American consumers.

Fortune

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

Crude Prices Soar as Iran War Keeps Strait of Hormuz Closed

May WTI crude oil (CLK26 ) on Thursday closed up +11.42 (+11.41%), and May RBOB gasoline (RBK26 ) closed up +0.1966 (+6.36%). Crude oil and gasoline prices rallied sharply on Thursday, with crude posting a 3.5-week high. Crude prices are soaring after President Trump pledged more aggressive action against Iran...

Barchart

Sachs warns of escalation, oil disruption in Iran conflict; calls for global action

As the conflict stretches into its second month, leading economist Jeffrey Sachs expresses grave concerns regarding the intensifying war and global instability. He denounces US President Trump and Israeli PM Netanyahu for defying expert counsel in initiating the conflict, a choice that could lead to dramatic hikes in oil prices…

The Times of India

Sky Quarry Stock Is Surging as Crude Oil Prices Spike Past $110. Is It Too Late to Buy?

Sky Quarry stock soars as Trump warns the U.S. could hit Iran very hard in April. Here’s why SKYQ shares may be worth owning at current levels.

Barchart

Trump’s surreal speech on Iran shed no light on his goals

The US president couldn’t give a single coherent reason for why this aggressive war of choice must still be prosecuted

The Guardian - US

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As oil shortages deepen, wartime rationing offers a guide for today’s governments

With global oil supply under pressure from the U.S.-Iran war, governments may need to bring back tools many assume belong to the past: rationing and price controls.

The Conversation

America's Energy Independence: The Economic Story Behind The Iran Conflict

Rising oil prices from Iran tensions are cushioned by U.S. energy independence and growing Western Hemisphere supply, limiting long-term impact on consumers and the broader economy.

International Business Times

Stop Using This Oil in Your Air Fryer – It Can Smoke, Burn, and Even Spark a Fire (Plus, What to Use Instead)

The right swap makes food crispier and safer

Homes & Gardens

Countries are turning to ‘structurally more resilient’ energy sources as oil and gas crisis deepens, UN renewables chief says

From Asia to Europe, people are rushing to electrify wherever they can.

Fortune

Cotton Trading Mixed on Thursday

Cotton futures are up 4 points to down 14 points at midday. The US dollar index is $0.347 higher at $99.805. Crude Oil is up $10.54 higher at midday, following President Trump’s address the nation on Wednesday night that indicated 2-3 weeks more of strikes and an uncertain fate to...

Barchart

Corn Trading Mixed on Thursday

Corn futures are showing mixed trade with contracts within a penny of unchanged, as the front months are weaker. The CmdtyView national average Cash Corn price was up 3/4 cent at $4.15 3/4. Crude Oil is up $10.54 higher at midday, following President Trump’s address the nation on Wednesday night...

Barchart

Soybeans Slipping at Midday

Soybeans are showing fractional to 3 cent losses in the front months. The cmdtyView national average Cash Bean price is down 2 3/4 cents at $10.97 3/4. Soymeal futures are down $3.00 to $3.60, with Soy Oil futures 150 to 172 points higher. Crude Oil is up $10.54 higher at...

Barchart

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International Business Times UK

Oil Whipsaws $30 in 24 Hours as Trump Vows to 'Hit Iran Extremely Hard'

Oil prices swung nearly $30 in 24 hours as Trump's primetime speech vowed to hit Iran 'extremely hard,' reversing ceasefire-driven losses.

Fortune

Markets rally hard on Iran’s promise to play nice at Hormuz as its leaders pocket billions from the disruption

Anything sounds good to Wall Street, except more war. But Iran’s power brokers may have little reason to stop.

Euronews

Russia to send second oil tanker to Cuba as energy crisis continues, Moscow says

Cuba produces barely 40% of its required fuel and relies on imports to sustain its crumbling energy grid.

We Got This Covered

‘We are going to finish the job’: Trump tells the world exactly what happens to Iran in next 3 weeks, and oil is already reacting

No clear timeline for ending the war.

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news in one place.

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International Business Times UK

Donald Trump Fury: Scowling POTUS Defends Iran War Strategy as Fuel Prices Surge

In a combative primetime address, Donald Trump defended his Iran war strategy as US fuel prices surged past $4 a gallon and global markets wobbled, but offered scant detail on how or when the conflict will end.

AAP

Australia joins oil crisis talks ahead of key UN vote

Australia has joined nations for talks about a vital oil corridor, as the UN Security Council considers whether "defensive" action can be taken against Iran.

Barchart

Sugar Prices Slide as India Ramps Up Sugar Output

May NY world sugar #11 (SBK26 ) today is down -0.23 (-1.50%), and May London ICE white sugar #5 (SWK26 ) is down -3.70 (-0.84%). Sugar prices are falling today, with NY sugar posting a 2-week low. Ramped up sugar production in India is undercutting prices today after India's National...

Evening Standard

Cooper: Iran to face ‘every diplomatic, economic measure’ over Strait of Hormuz

The Foreign Secretary condemned Tehran for ‘seeking to hijack the global economy’ with its attacks on oil shipping.

Barchart

Crude Prices Surge as President Trump Vows to Escalate Iran War

May WTI crude oil (CLK26 ) today is up +10.20 (+10.19%), and May RBOB gasoline (RBK26 ) is up +0.1174 (+3.80%). Crude oil and gasoline prices are sharply higher today, with crude posting a 3.5-week high. Crude prices are rallying after President Trump pledged more aggressive action against Iran over...

Barchart

Elon Musk Says Relying on the Strait of Hormuz Is ‘Lazy’ but What Can We Really Do to Change?

The U.S. war in Iran has led to a global energy crisis, and world leaders are scrambling to reopen the Strait of Hormuz. But if governments want to establish energy independence, they're going to have to invest elsewhere.

Barchart

Stocks Pare Losses on Hormuz Report

The S&P 500 Index ($SPX ) (SPY ) today is down -0.06%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.20%. June E-mini S&P futures (ESM26 ) are down -0.04%, and June E-mini Nasdaq futures...

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