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The Latest Breaking News from Oil

Japan and Indonesia to boost energy security cooperation as concerns grow over Iran war fallout

Japan and Indonesia have agreed to deepen economic ties and work together on energy security as the two Asian countries face growing uncertainty over oil and gas supplies

The Independent UK

Cost of petrol, diesel and heating oil: What the latest figures show

The price of diesel has jumped to its highest level since December 2022.

Evening Standard

BP PLC ADRs Have High Call Option Yields for Value Investors

BP PLC American Depository Receipts (ADR) now have attractive call option premiums, worth shorting. A 10% out-of-the-money BP call has a 1.3% yield over the next month. That works out to 3.7% yield over 3 months.

Barchart

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Russian ship carrying oil docks in Cuba, allowed to proceed despite US energy blockade

A Russian vessel laden with 730,000 barrels of oil has docked at the Cuban port of Matanzas, the first time in three months that an oil tanker reached the island

The Independent UK

'Trump doesn't bluff': Pentagon chief warns Iran, says US wants deal but 'prepared to continue with bombs'

Pentagon chief Pete Hegseth declared upcoming days "decisive" in the Middle East conflict, warning Iran to "cut a deal" as President Trump "doesn’t bluff." He emphasized shifting power dynamics and US options, urging Tehran to relinquish ambitions and reopen the Strait of Hormuz. Escalation continues with recent attacks impacting oil…

The Times of India

Current price of oil as of March 31, 2026

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

Fortune

Cotton Rallying on Tuesday Morning

Cotton prices are up 70 to 105 points early on Tuesday morning. Futures were 4 to 73 points higher to close out Monday. The US dollar index was $0.388 higher at $100.370. Crude oil futures were up $5.36 to $105.00 on the day. March Intentions data is expected to show...

Barchart

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Trump tells allies to ‘go get your own oil’ amid Iranian attacks on Gulf

Trump's comments come on the same day that gas prices in the US jumped past an average of $4 for the first time since 2022 as fuel prices continue to spike worldwide.

Euronews

The $20 Dollar Tree Beauty Haul That Rivals Sephora

Get these luxe-looking Dollar Tree beauty dupes for just $20. These budget finds look like high-end favorites -- without the Sephora price tags.

GOBankingRates

Trump’s Iran war and drilling push show ‘dangerous volatility’ of fossil fuel era

Critics say president is locking into 20th-century energy systems even as his ‘bet’ on oil and gas ‘isn’t going so well’

The Guardian - US

'Get your own oil': Trump mocks UK, other countries amid Iran chokehold on Hormuz; slams France for being 'unhelpful'

US President Donald Trump criticised its allies stating that the countries facing jet fuel shortages due to Iran's control of the Strait of Hormuz should source their own oil. Trump also accused France of being unhelpful regarding Iran as tensions are escalating in the Middle East, impacting global oil prices.

The Times of India

Trump tells UK ‘go get your own oil’ and warns that the US ‘won’t help you any more’ in latest tirade over Iran war

US president tells Keir Starmer to get some ‘courage’ and and ‘take’ fuel from the Strait of Hormuz

The Independent UK

Donald Trump tells UK to secure Strait of Hormuz and ‘go get your own oil’

Donald Trump said allies would have to fight for themselves as ‘the USA won’t be there to help you anymore, just like you weren’t there for us’.

The Independent UK

Donald Trump tells Britain to secure Strait of Hormuz and ‘go get your own oil’ as energy prices set to soar

Donald Trump said allies would have to fight for themselves as ‘the USA won’t be there to help you anymore, just like you weren’t there for us’

Evening Standard

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Evening Standard

Starmer holds emergency meeting over cost of Iran war as energy bills set to 'rise by £288' in summer

Chancellor Rachel Reeves has already indicated that targeted help for poorer households could be available if bills continue to rise

The Independent UK

Cost of filling typical family car with diesel breaks £100 mark as oil crisis deepens

The UK’s most expensive petrol is being sold for 199.9p per litre

Evening Standard

Full tank of diesel breaks £100 mark as Iran oil crisis deepens

Average diesel prices at UK forecourts on Tuesday were 182.8p per litre.

Marie Claire

The 10 Best Fragrance Diffusers That Make My Home Smell Like A Luxury Hotel

The easiest way to scent your home like a luxury vacation.

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The Guardian - US

US average fuel price passes $4 a gallon for first time in four years amid Iran war

Stocks rally after reports suggest Trump might end the war soon, saying ‘we’re not going to be there for too much longer’

The Independent UK

What is the ‘Gate of Tears’? Key shipping route that could be attacked by Houthis and disrupt global economy

The Bab al-Mandab strait has been a vital shipping route for Saudi Arabia since the closure of the Strait of Hormuz

Barchart

Stock Index Futures Rally on Prospect of End to Middle East Conflict, U.S. Economic Data and Fed Speak in Focus

June S&P 500 E-Mini futures (ESM26) are up +1.02%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.94% this morning as sentiment got a boost after President Trump reportedly told aides he was willing to end the U.S. military campaign against Iran.

The Independent UK

Buckle up! Gas soars past $4 a gallon for first time since 2022 - and shows no signs of slowing down amid Iran war

Prices in at least two California cities have already eclipsed $6 per gallon

The Independent UK

Keir Starmer to chair Cobra meeting over costs to households from Iran war

Sir Keir Starmer is set to chair a Cobra crisis committee meeting to address the impact of the war in Iran on UK households. Average energy bills are forecast to rise by almost £300 from July, reaching £1,929, despite a temporary fall in April due to green subsidy removal. Motorists…

Euronews

Fact check: Does Hungary have alternatives to the Druzhba pipeline?

Budapest insists it is dependent on Russian crude oil, but analysts suggest this could be the result of economic and political decisions, as well as technical constraints.

The Guardian - UK

First Thing: Kuwaiti tanker hit by Iranian drone attack in Dubai port

The attack came hours after Trump threatened to ‘obliterate’ Iran’s energy plants and oil wells unless it opened the strait of Hormuz. Plus, Israel to give death penalty to Palestinians convicted of lethal attacks

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