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The Latest Breaking News from Oil

Surprising Beneficiaries of High Gas Prices: BJs and Costco

When gas prices rise, it isn't just oil companies that benefit. Costco and BJ's both benefit from high fuel prices, and their stocks look poised for growth.

MarketBeat

Cotton Collapsing on Wednesday Morning

Cotton price action is down 110 to 130 points early on Wednesday. Futures saw weakness later on Tuesday, with contracts down 19 to 29 points following more than expected acres. The US dollar index was $0.658 lower at $99.695. Crude oil futures were down $1.13 to $101.75 on the day....

Barchart

Current price of oil as of April 1, 2026

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

Fortune

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Britain to host 35 countries for strait of Hormuz talks, says Starmer

US understood not to be invited directly to talks that will explore ways of reopening critical waterway

The Guardian - UK

7 Overlooked Generic Swaps That Save Money Immediately

Food prices demand smarter choices at the register. Brand loyalty is an expensive habit. Shoppers pay a premium simply for a familiar logo on a box. Supermarkets invest heavily in their own private label programs. These store brands offer comparable quality at a fraction of the cost. Swapping name brands…

Grocery Coupon Guide

Strait of Hormuz Remains Choked in Iran Conflict as Limited Transits Resume Under Iranian Control

The strategically vital Strait of Hormuz stayed largely closed to normal commercial traffic Tuesday as the month-long Iran conflict continued, with only a handful of vessels transiting daily under tight Iranian oversight while the U.S. and allies debated military options to restore freedom of navigation and global oil flows.

International Business Times

FTSE 100 Surges 160 Points to 10,337 as UK Stocks Rebound Strongly on April 1 2026

London's benchmark FTSE 100 index climbed sharply in early trading Wednesday, rising 1.58% or 160.48 points to 10,336.93 as investors appeared to shake off recent geopolitical jitters and bargain-hunt after a volatile March, with the blue-chip gauge trading in a wide range between 10,169.30 and 10,366.46 by mid-morning.

International Business Times

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The country that could be the first to run out of fuel due to US-Iran war

Bangladesh, a country of 175 million people that relies heavily on imports for its energy needs, is imposing fuel rationing and closing universities as anxiety grows over reserves running out altogether. Alisha Rahaman Sarkar reports

The Independent UK

‘Gas is over $4 a gallon’: Hakeem Jeffries has 1 clear message to America after Trump’s $200 billion war wastage

Trump says it's fine as Americans no longer worried about being nuked by Iran

We Got This Covered

Donald Trump's Iran Address: White House Confirms Major Security Update Following Toll Threats

President Trump prepares a key address on Iran as Tehran restricts shipping through the Strait of Hormuz, threatening global oil supplies and raising the risk of escalation.

International Business Times UK

Oil Prices Plunge as Donald Trump Announces US Forces Will Leave Iran Within Weeks

Oil prices whipsawed around $100 a barrel after Donald Trump said US forces could leave Iran within weeks, despite the Strait of Hormuz remaining largely shut. Traders are now trying to square the president's upbeat timeline with escalating attacks and a deepening regional supply shock.

International Business Times UK

BP is operating in a world of ‘significant complexity’, new boss tells staff

Meg O’Neill’s memo comes as company tries to rebuild strategy amid oil shock of Iran war and after failed green pivot

The Guardian - UK

Why climate activists were covered in treacle outside the US embassy

Climate activists from Fossil Free London staged a protest outside the US embassy in London, dousing themselves in treacle to symbolise oil. The demonstration aimed to highlight soaring energy costs and oil company profits, specifically targeting the undeveloped Rosebank oil and gas field in the North Sea. Protesters linked the…

The Independent UK

S&P Futures Climb on Hopes of Middle East Conflict Resolution, U.S. ADP Jobs Report and Retail Sales Data on Tap

June S&P 500 E-Mini futures (ESM26) are trending up +0.51% this morning as oil prices fall and risk appetite improves on hopes for an imminent end to the conflict in the Middle East.

Barchart

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Evening Standard

Starmer signals need for closer ties with EU in light of Iran oil crisis ‘storm’

Britain’s “long-term national interest requires closer partnership with our allies in Europe”, Sir Keir Starmer has said.

The Independent UK

Stopgap measures aren't enough to halt rising gas prices as the world scrambles for more oil

Global leaders have been scrambling to contain the rising cost of oil and gasoline since the start of the Iran war

The Independent UK

South Korea president says Iran war shows the need to ditch ‘extremely risky’ fossil fuels

Lee Jae Myung warns situation caused by US-Israeli war against Iran is ‘worse than you think’

Axios

Oil's worst-case scenario: $200 if Hormuz remains closed

It could become a reality if the Iran war ends without reopening the strait.

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news in one place.

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The Guardian - UK

Oil price falls and markets rally after Trump says Iran war over in ‘two to three weeks’

US president’s claim that conflict is nearing end prompts 15% drop in Brent crude and stock market climb in Asia

Evening Standard

Oil prices retreat and stock markets rally on Iran war resolution optimism

Stock markets in the UK and globally rebounded on hopes over an end to the Iran conflict, with the FTSE 100 Index soaring as much as 1.7%.

International Business Times UK

Trump Administration Approves Higher Ethanol Fuel: What to Know About E15 Gas Before Your Next Fill-Up

The EPA's temporary waiver for E15 fuel, a 15% ethanol blend, aims to reduce gasoline prices. Explore its effects on vehicle compatibility, fuel economy, and market dynamics amid global energy volatility.

Fortune

The Iran war is accelerating plans for Southeast Asia to go nuclear. Experts say it won’t be easy

Southeast Asia’s only nuclear plant never got used after allegations of corruption. The region is trying again, 50 years later, amid a new oil shock.

Euronews

How solar has saved Europe €136 million per day since the start of the Iran war

A new analysis found that Europe’s existing solar fleet has already saved the continent billions in 2026.

Euronews

Stocks jump and oil drops as Trump renews hopes of Iran war ending

European and Asian markets surged on Wednesday amid renewed hopes that the Iran war could end soon after US President Donald Trump said American troops would leave in two to three weeks with or without a deal.

The Independent UK

Zelensky offers Russia an Easter truce to halt devastating energy strikes

Ukrainian President Volodymyr Zelensky has announced he will ask US mediators to relay Kyiv's offer of an Easter ceasefire to Russia, following the Kremlin's claim of lacking detailed proposals. The proposed ceasefire is conditional on Russia ceasing attacks on Ukraine's energy infrastructure, with Ukraine reciprocating by stopping strikes on Russian…

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