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The Latest Breaking News from Oil

Manila’s transport workers struggle to make ends meet as Philippines feels force of oil crisis

The Philippines is uniquely exposed to the surging oil price caused by the war in the Middle East. The government is facing protests and widespread anger

The Guardian - AU

Why a second global shipping chokepoint could soon live up to its name as the ‘Gate of Tears’

If you’d never heard of the Strait of Hormuz before, you probably have by now. Iran’s effective closure of the waterway, which usually carries about 20% of the world’s oil and gas, has put severe pressure on the global economy.

The Conversation

Oil-thirsty Asian nations seek Russian crude as Iran war strains supplies

Asian nations are increasingly competing for Russian crude oil as an energy crisis mounts amid the U.S. and Israeli war in Iran, which has choked off roughly a fifth of the world’s oil supply

The Independent UK

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Iran strikes fully loaded Kuwaiti oil tanker at Dubai port; spill risk flagged

A Kuwaiti crude oil tanker anchored off Dubai was targeted in a direct Iranian attack, igniting a fire and damaging its hull. This incident, involving drone strikes, follows a pattern of attacks on commercial shipping in the Gulf. Dubai authorities are managing the blaze, with all 24 crew members reported…

The Times of India

Ukraine war briefing: allies asked Kyiv about reducing attacks on Russian energy sector, Zelenskyy says

President says he is open to scaling back strikes on oil and wider energy industry if Moscow reciprocates. What we know on day 1,497

The Guardian - AU

Trump news at a glance: US promotes Elon Musk’s X to fight foreign propaganda

Cable signed by secretary of state Marco Rubio endorses Musk’s platform by name and suggests staff work with Pentagon psychological operations unit – key US politics stories from Monday 30 March at a glance

The Guardian - US

Florida Sees Sudden Jump in Gas Prices After Supply Disruptions Hit the Southeast

Gas prices are rising across the United States right now, thanks to the conflict in the Middle East. And if you’ve filled up your tank...

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Trump threatens to destroy Iran’s desalination plants. Here’s what that could mean

Israeli airstrikes on March 7 on oil depots surrounding Tehran produced heavy smoke and acid rain

The Independent UK

Trump eyes Arab nations to fund Iran war amid peace talks with Tehran

Speaking at a press briefing, White House press secretary Karoline Leavitt said the proposal was something Trump had been considering, though she stopped short of confirming any formal move. Earlier, Trump issued a stark warning to Iran, saying its energy infrastructure, including oil facilities and desalination plants, could face widespread…

The Times of India

Cotton Posts Monday Gains

Cotton 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 cotton acreage at 9.229 million acres according to a Reuters survey...

Barchart

Soybeans Pull Back to Steady into Monday’s Close

Soybeans saw weakness late on Monday as front months came back to close with fractionally mixed action. The cmdtyView national average Cash Bean price was up 3/4 cent at $10.87 3/4. Soymeal futures were down 40 cents to up 70 cents, with Soy Oil futures 52 to 106 points higher....

Barchart

Australia urges probe into Lebanon peacekeeper killings

Israel's ambassador to Australia has defended his country's actions in Lebanon and death penalty laws which have been criticised by the Albanese government.

AAP

'Don't Mess with Texas Children': Man Ordered to Pay $1.1B After Violent Attack on Toddler Stepson

A Dallas jury has ordered Texas oil heir Charles Brooks Jr. to pay $1.1 billion for the brutal assault of his stepson, marking the largest child abuse verdict in US history.

International Business Times UK

Dollar doomsayers can relax: Iran's 'petroyuan' gambit won't topple the greenback

The petrodollar story is overstated, and increasingly outdated.

Fortune

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Marie Claire

My Skin Has Never Felt Better Since Switching to Herbivore's Plant-Based Body Care

These body oils, shower gels, lotions, and more have stolen my heart.

Barchart

Stocks Pressured by Economic Fallout from Iran War

The S&P 500 Index ($SPX ) (SPY ) on Monday closed down -0.39%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.11%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.78%. June E-mini S&P futures (ESM26 ) fell -0.43%, and June E-mini Nasdaq futures...

Kiplinger

Dow Rises Amid Another Crude Oil Spike: Stock Market Today

Crude oil was up, and Papa Dow was too, but the Nasdaq fell further into correction territory amid persistent uncertainty for global financial markets.

International Business Times

Treasury Secretary Bessent Says U.S. Will 'Retake Control' of Strait of Hormuz

Treasury Secretary Scott Bessent said that the United States will "retake control" of the Strait of Hormuz over time, to restore freedom of navigation through one of the world's most critical energy chokepoints.

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Barchart

Dollar Rises as Iran War Continues

The dollar index (DXY00 ) rallied to a 10.5-month high on Monday, finishing up by 0.40%. The dollar gained on safe-haven support on Monday amid concerns of a protracted war in Iran. President Trump told the Financial Times on Sunday that he wants to "take the oil in Iran" and...

Barchart

Crude Oil Prices Jump on Concerns Over Escalation of Iran War

May WTI crude oil (CLK26 ) on Monday closed up +3.24 (+3.25%), and May RBOB gasoline (RBK26 ) closed up +0.0688 (+2.16%). Crude oil and gasoline prices rallied sharply on Monday, with crude oil posting a 3-week high after President Trump threatened to escalate the Iran war if there is...

The Conversation

Is E10 fuel bad for my car? And could it save me money?

Fuel has become a precious, and increasingly expensive, commodity.

The Times of India

'Grab their oil installations': Trump shares his 1987 interview against Iran — watch

When pressed on the method and risks, including potential involvement of Marines or escalation to war, he replied: "You go in... you take the oil... Let Iran fight their own war. You take their oil." He added: "You get in trouble with weakness."Dismissing concerns about Soviet intervention at the time,…

Barchart

An Oil Price Shock Is Hurting Carnival Stock. But Is It a Buy Now in Hopes of a Quick Turnaround?

Fuel costs weigh on Carnival’s near-term momentum despite solid demand and record bookings. Does the dip open a timely entry point?

Euronews

Peace talks with Iran ongoing and progressing well, White House says

The comments come on the same day that President Donald Trump threatened to destroy Iran's oil export hub of Kharg Island and other oil wells and power plants if it does not agree to a deal to end the war soon.

The Guardian - UK

Trump threatens to ‘obliterate’ Iran’s energy grid if ceasefire not reached ‘shortly’

Oil prices on course for record monthly rise amid risk of further escalation and mixed messaging from US

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