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The Latest Breaking News from Oil

How could US forces seize Kharg Island and why is it so risky?

Kharg Island, which hosts Iran's main oil export terminal, has emerged as a key focus in the month-long conflict involving the United States and Israel. Strikes on Kharg's oil infrastructure or a ground invasion would severely curb Iran's oil exports, a crucial revenue source, and could lead to significant regional…

The Independent UK

Bond yields are falling even as oil tops $102, showing that Wall Street fears recession more than inflation

“The risks to economic growth begin to take precedence over the risks to inflation,” Oxford Economics said in a note on Monday.

Fortune

Russia Celebrates Arrival of Oil Shipment to Cuba Despite U.S. Blockade: 'We Consider It Our Duty'

Russia welcomed the arrival of an oil shipment to Cuba, framing the delivery as humanitarian assistance despite ongoing U.S. restrictions that have contributed to a deepening energy crisis on the island.

Latin Times

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Dollar Supported by Concerns of a Protracted Iran War

The dollar index (DXY00 ) climbed to a 2-week high today and is up by +0.35%. The dollar has safe-haven support on concerns of a protracted Iran war after President Trump told the Financial Times on Sunday that he wants to "take the oil in Iran" and could seize the...

Barchart

Trump appears to relax oil blockade on Cuba as Russian tanker arrives

US president says he has ‘no problem’ with countries sending oil to Cuba, in potential lifeline to island nation

The Guardian - UK

Stocks Rebound as T-note Yields Tumble

The S&P 500 Index ($SPX ) (SPY ) today is up +0.42%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.64%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.32%. June E-mini S&P futures (ESM26 ) are up +0.40%, and June E-mini Nasdaq futures...

Barchart

Ukraine allies sent ‘signals’ against Russian oil strikes

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The Independent UK

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Reeves urged to follow Europe’s example and protect consumers amid spiralling fuel prices

Diesel price hits highest level since December 2022, prompting more calls for No 10 to protect consumers

The Independent UK

Starmer hosts business chiefs as Trump ratchets up threats to Iran’s oil

US president Donald Trump has threatened to wipe out Iran’s oil infrastructure unless a deal is done to open the Strait of Hormuz.

Evening Standard

'We didn't participate': Iran rejects Pakistan's mediation role

Iran has rejected any suggestion that it is engaging in mediation efforts hosted by Pakistan, insisting it has not taken part in any such diplomatic initiative even as pressure mounts to end the escalating conflict in the region.

The Times of India

Current price of oil as of March 30, 2026

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

Fortune

Cotton Starting off Monday with Gains

Cotton prices are up 55 to 69 points so far. Futures posted gains of 3 to 45 points on Friday, with a weekly gain of 215 points for May. The US dollar index was $0.337 higher at $100.045. Crude oil saw some late session buying up $6.68 on the day...

Barchart

'Will conclude lovely stay...': Trump threatens to wipe out Iranian energy sites, says talks ongoing with ‘new’ regime

President Trump revealed serious discussions with a "new, more reasonable" Iranian regime, but issued a stark warning: "completely obliterate" Iran's oil facilities, power plants, and Kharg Island if a deal isn't reached soon. He claimed "great progress" in negotiations, while threatening severe retaliation for past Iranian actions. Tehran, however, denies…

The Times of India

Trump threatens to obliterate Iran's Kharg island oil hub if no deal reached 'shortly'

About 90% of Iran’s crude oil exports leave the country via the small island in the Persian Gulf's north, much of it destined for China and other Asian markets.

Euronews

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Latin Times

Russian Tanker Arrives In Cuba After Trump Doesn't Enforce U.S. Blockade: 'Not Going To Matter'

A Russian tanker arrived in Cuba this week after President Donald Trump said he wouldn't enforce the U.S.'s oil blockade on the island.

Evening Standard

Diesel price hits highest level since December 2022

The fuel has hit 181.2p a litre on average at UK forecourts, according to the RAC.

We Got This Covered

Trump wants to take Iran’s oil and thinks seizing Kharg Island would be easy, but the military warns a quagmire beckons

Trump’s dream scenario could lead to a bloodbath

International Business Times UK

Robert Kiyosaki Says US Boomers Face a Wave of Homelessness as Inflation to Wipe out Social Security

Robert Kiyosaki warns that US baby boomers face mass homelessness as hyperinflation threatens to liquidate Social Security. The Rich Dad Poor Dad author labels the Federal Reserve a 'criminal organisation' amid rising US stagflation risks. Financial experts fear the US-Iran war will drive oil prices higher despite efforts to open…

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Evening Standard

White van man ‘bleeding cash’ as diesel price disparity hits new high

Oil prices have soared in response to Iran’s stranglehold on tankers passing through the Strait of Hormuz, sparking rising pump prices.

The Independent UK

Photos show the effects of the Iran war on global energy worldwide

Iran’s attacks on the energy infrastructure of the Middle East and its stranglehold on the Strait of Hormuz has sent oil prices skyrocketing and given rise to growing concerns about a global energy crisis.

The Guardian - UK

First Thing: Iran accuses US of plotting ground assault while publicly seeking talks

Tehran says it will confront any land attack, as Trump says regime’s export hub on Kharg Island could be taken ‘very easily’. Plus, how Americans can rebuild their country’s once robust peace movement

The Times of India

Watch: Massive blaze engulfs Israeli oil refinery after Hezbollah claims attack

A massive blaze erupted at an Israeli oil refinery in Haifa on Monday after a fresh wave of missiles was detected. Hezbollah claimed responsibility for launching a barrage of advanced missiles targeting a naval base in Haifa, indicating a coordinated escalation on multiple fronts. It was not immediately clear whether…

The Guardian - US

Trump to revoke protections for endangered species in Gulf of Mexico

President is convening so-called ‘God squad’ to override provisions of Endangered Species Act for ‘national security’

The Guardian - US

Trump’s Iran war is holding him hostage

If there is any consistency to Trump’s policy, it is a series of frantic attempts to justify his original blunder and extricate himself from its dire consequences

Barchart

Bear Call Spread Opportunities for March 30

Stocks continue to come under serious selling pressure as the Iran War rages on and oil prices spike.

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