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The Latest Breaking News from Oil

Iraq’s oil hub slows to a crawl as Strait of Hormuz shutdown strangles exports

The war in Iran is dealing a heavy blow to Iraq’s economy

The Independent UK

Australia faces 'sharp recession' if US escalates war

As Donald Trump fails to reassure traders about the Strait of Hormuz, analysts warn Australia's economy is hurtling towards a recession the longer it is closed.

AAP

Trump warns he'll bomb Iran 'back to the Stone Ages' sending oil price back up

Donald Trump says US has nearly accomplished its goals in Iran - but offers no clear timeline on ending the war

Evening Standard

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

Oil prices surge after Trump vows to ‘finish the job’ in Iran

IN FULL

The Independent UK

Iran-US war latest: Urgent search for missing American pilot as Tehran claims to have downed second plane

Iran claims to have shot down two U.S military planes Friday in separate attacks with at least one service member still missing

The Independent UK

A ‘failed experiment’? Biofuels under the spotlight as EU scrambles for alternative energy

‘Right now we surrender vast swathes of land for crops that we simply burn in our cars’, said one expert.

Euronews

‘We are going to hit them hard’: Markets disappointed, oil up again after Trump speech

Oil rose sharply, and US and European stocks fell after US President Donald Trump said in his first national address since the Iran war began that the US would continue to hit Iran and "finish the job".

Euronews

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Drive slower, work from home and ditch the tie: the world responds to Iran war energy crisis

Oil crisis triggered by blockade of strait of Hormuz prompts emergency measures to protect supply and halt rising prices

The Guardian - UK

Fuel prices are driving more Australians to EVs - and secondhand cars are in high demand

As conflict in the Middle East sends diesel and petrol prices skyrocketing, more and more Australians and New Zealanders are showing interest in electric vehicles.

The Conversation

Trump says Iran 'objectives are nearing completion' in first prime-time speech in defence of war

Speaking in his first national address since the war began on 28 February, Trump sought to reassure war-weary Americans that the offensive was worth the effort.

Euronews

Polymarket and other prediction platforms driving oil market, traders say

Datafeeds from platforms being used to create algorithms that determine multimillion-dollar trades on global market

The Guardian - UK

Winter crops need to be sown - but Australia’s farmers are worried about fertilisers and fuel

War in the Middle East has put a spotlight on the Strait of Hormuz, the narrow sea passage through which 20% of global oil supply is shipped. But far less attention has been paid to another essential product derived from oil and gas, on which the world also relies: fertiliser.

The Conversation

‘Build up some delayed courage’ and grab Strait of Hormuz, Trump tells nations

The critical supply route will ‘just open up naturally’, once the conflict is over claimed the US president in an address to the nation.

Evening Standard

What is Benjamin Netanyahu’s end game in the Iran war?

The war between the United States, Israel, and Iran is now into its second month. Despite spectacular early successes, the resilience of Iran’s government and military has meant the US and Israel have lost the strategic initiative. This means they are being more reactive than proactive in determining the outcome…

The Conversation

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The Guardian - US

Trump claims Iran war ‘nearing completion’ and seeks to justify conflict in prime time address

Markets sink after president offers little detail on how he intends to wind down conflict over next two to three weeks

AAP

Shares dip, oil soars after Trump ramps up Iran threats

Australia's share market has dipped ahead of the long weekend after hopes of a timely end to the Iran conflict crumbled under US threats to escalate attacks.

The Times of India

Iran endgame, gas prices, Hormuz crisis & more: Key takeaways from Donald Trump's speech

President Trump announced Operation Epic Fury is nearing completion, stating the Iran conflict will end within two to three weeks. He advised nations facing oil crises to purchase from the US or seize oil from the Strait of Hormuz, emphasizing Iran's untrustworthiness and its history of attacks.

Bangkok Post

Polluted Chiang Mai to suffer at Songkran

Northern tourism operators expect a poor showing during the Songkran holiday as the region remains choked by smog, amid weak spending attributed to the war in the Middle East and the subsequent oil shock.

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news in one place.

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Evening Standard

Swinney calls on PM to recall House of Commons to deal with UK energy ‘crisis’

Scotland’s First Minister said Keir Starmer was ‘sleepwalking’ into an ‘unprecedented energy crisis’.

Barchart

Cotton Closes with Gains on Wednesday

Cotton futures rallied from early weakness on Wednesday to close with gains of 15 to 81 points. The US dollar index was $0.354 lower at $99.405. Crude Oil closed the day down $2.51 after a post from President Trump suggested Iran is looking for a ceasefire. He is expected to...

Barchart

Soybeans Closes with Marginal Weakness on Wednesday

Soybeans saw contracts facing some weakness on Wednesday, down fractionally to 3 cents at the close. The cmdtyView national average Cash Bean price was up 4 ¼ cents at $10.99 1/2. Soymeal futures were up $1.50 to $2.40, with Soy Oil futures 100 to 177 points lower. Crude Oil closed...

Barchart

Corn Faces Pressure on Wednesday as Bulls Fight Back into the Close

Corn futures closed 5-6 cents off the early session lows on Wednesday, as contracts still settled 2 ¾ to 3 ½ cents lower, with some deferred higher. The CmdtyView national average Cash Corn price was up 3/4 cent at $4.15 3/4. Crude Oil closed the day down $2.51 after a...

GamesRadar

Switch 2 prices will go up, says ex-Nintendo sales lead: "It's inevitable"

"They may be able to put off raising hardware prices for a moment," but a Switch 2 price hike is coming, says a former Nintendo employee

Latin Times

U.S. Lifts Sanctions on Venezuela's Delcy Rodríguez: What It Means for Washington, Caracas and Oil

The United States has removed Venezuelan leader Delcy Rodríguez from its sanctions blacklist, marking a dramatic shift in relations between Washington and Caracas, but what does it mean in practical terms?

Barchart

TotalEnergies Is ‘Dominating’ Amidst Iran War Oil Disruptions. Should You Buy TTE Stock Now?

As TotalEnergies turns geopolitical chaos into a billion-dollar win, will investors load up TTE stock now?

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