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The Latest Breaking News from Oil

Iran War, Oil Volatility and Other Key Things to Watch This Week

Markets enter an important week dominated by extraordinary uncertainty around the Iran war trajectory following President Trump's late Friday Truth Social post suggesting he is considering "winding down" military operations.

Barchart

This ‘Alpha Male’ Stock Is Profiting as the Strait of Hormuz Remains Closed. Should You Buy It Now?

Frontline stock is gaining attention as tanker rates surge amid geopolitical disruption, creating a powerful but potentially cyclical opportunity.

Barchart

Will Trump's 48-hour ultimatum to Iran leave him red-faced again?

As a 48-hour deadline looms, Iran has retaliated against President Trump's threat to "obliterate" its power plants. Tehran warns that energy facilities in countries hosting US bases are now "lawful targets." The escalating conflict, now in its fourth week, has already seen cross-border attacks and rising casualties, with oil prices…

The Times of India

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Iran vows to destroy Middle East water and energy facilities if US attacks power plants

Tehran’s response to Trump’s threat signals a potentially dangerous escalation as both sides menace sites relied on by millions

The Guardian - UK

As Labor faces pressure to respond boldly to oil shock, it needs to find more unconventional levers to pull

Leveraging Australian gas exports to ensure we get oil in return is among the offbeat ideas we could be hearing more about

The Guardian - AU

Trump is now letting Iran sell its stranded oil, because nothing says “maximum pressure” like handing the enemy a paycheck in the middle of a war

Whatever Obama did, Trump is doing it worse and calling it victory.

We Got This Covered

Starmer adviser urges ministers to look at profits cap for energy and petrol firms

PM’s ‘cost of living champion’ calls for consideration of temporary measure to prevent profiteering from Iran war

The Guardian - UK

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This ProBreeze heater finally changed my opinion of oil-filled radiators – turns out they are not the old-fashioned relics I once thought they were

It turns out they are not the old-fashioned relics I once thought they were

Ideal Home

Energy shock talk grabs headlines but the Iran war is also driving the world towards a food crisis

Growers face soaring fertiliser and fuel costs as shipping choke point of the strait of Hormuz hits supply chains

The Guardian - UK

8 Grocery Items Quietly Rising in Price This Spring

Spring brings a shift in the supermarket. The weather gets warmer, and consumer habits change. Shoppers look for fresh produce and grilling supplies. While some spring vegetables get cheaper, other staple items are creeping up in price. Global supply chain issues and weather patterns drive these costs higher. Shoppers need…

Grocery Coupon Guide

Strait of Hormuz choked by war: Shipping plunges 95%, 20,000 seafarers stranded — All you need to know

Iran declared the Strait of Hormuz open to all except its "enemies," the US and Israel, following a 48-hour ultimatum from President Trump. The crucial waterway, vital for global oil, has seen a 95% drop in traffic due to escalating Middle East conflict, with thousands stranded and shipping costs soaring.

The Times of India

‘Nobody else is responsible’: Trump to blame for Iran crisis, ex-CIA chief says

Leon Panetta calls president ‘naive’ over strait of Hormuz closure and says ‘the chickens are coming home to roost’

The Guardian - US

Iran Says Hormuz Open To All but 'Enemy' Ships After Trump Ultimatum

The announcement comes amid escalating tensions over the strategic chokepoint, through which roughly 20 per cent of the world's crude oil and liquefied natural gas normally flows.

International Business Times

US–Israel–Iran War Enters Fourth Week as Strikes Intensify and Oil Route Tensions Surge

Launched on February 28 with joint US-Israeli Operation Epic Fury, the campaign initially targeted Iranian nuclear sites, missile infrastructure and leadership, resulting in the death of Supreme Leader Ali Khamenei and dozens of senior officials.

International Business Times

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Fortune

'Almost exactly offsetting the boost': Higher gasoline prices this year could wipe out tax refunds from Trump's One Big Beautiful Bill Act

Prices at the pump are almost a dollar more per gallon than a month ago following the U.S. strike on Iran and are poised to tick up even higher as the Strait of Hormuz remains closed.

The Times of India

After Trump’s 48-hour ultimatum, Iran says ships can pass Hormuz Strait — except ‘enemy’ vessels

Iran on Sunday said the Strait of Hormuz remains open to all shipping except that of its “enemies” - a reference to the United States and Israel—amid a 48-hour "ultimatum" from US President Donald Trump to "fully open" the crucial waterway, which carries about 20% of the global crude oil…

Marie Claire

Keratosis Pilaris: The Expert Guide to Treating the Bumpy, Rough Skin Condition

Say goodbye to your never-ending goosebumps

The Guardian - UK

‘The stakes are enormous’: how a prolonged Iran war could shock the global economy

Donald Trump’s ‘little excursion’ is likely to have long-term effects, from oil prices to inflation to growth, say experts

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The Guardian - AU

Trump tells Iran it has 48 hours to open Hormuz or US will ‘obliterate’ its power plants

US president threatens to take out Iranian energy facilities – ‘starting with the biggest one first’ – if Tehran does not reopen the strait

The Times of India

Cuba in darkness again: US oil blockade forces another blackout this week as Havana turns to flashlights

A second power outage in five days— and the third this month — left Cuba without electricity on Saturday, with authorities later attributing it to an “unexpected failure” at a generating unit in the Nuevitas thermoelectric plant in Camagüey province.

The Guardian - AU

Six fuel ships bound for Australia cancelled as Bowen concedes ‘flow of oil to Asian refineries has slowed’

Energy minister says war on Iran creating ‘uncertain environment’ but insists government doing ‘all the preparatory work’

The Times of India

'If Iran doesn’t open Strait of Hormuz within 48 hrs ... ': Trump issues ultimatum to Iran

US President Trump has issued a stark ultimatum to Iran, demanding the immediate reopening of the Strait of Hormuz within 48 hours or face the obliteration of its power plants. Tehran's military has vowed retaliation, warning of attacks on US infrastructure if its energy facilities are targeted. This escalation comes…

International Business Times

Trump Gives Iran 48-Hour Ultimatum: Open the Strait of Hormuz or Face Strikes on Power Plants

Trump threatened Saturday to "hit and obliterate" Iran's power plants if Tehran does not fully reopen the Strait of Hormuz within 48 hours. The ultimatum came as the U.S.-Israel war with Iran entered its fourth week and gas prices hit a nationwide average of $3.91 per gallon.

We Got This Covered

Donald Trump spells out he can’t be trusted, not-so-subtly teases his secret war plan already in motion

He put his humanity somewhere and apparently forgot where.

The Guardian - AU

Australia last rationed fuel in the 1970s. Could we do it again?

As oil prices skyrocket, analysts believe the disruption to the global supply will last months, not weeks. So what other options are there?

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