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The Latest Breaking News from Oil

TV Newsance 337 | LPG crisis, Godi media circus and the Loomer meltdown

This week on TV Newsance: the world is spiralling into chaos. Oil prices are skyrocketing, markets are tanking, LPG shortages are hitting homes, and even godi anchors are struggling to defend the government. Meanwhile, Sudhir is busy advising people to ‘cook less and save more’. Brilliant.

Newslaundry

Trump hints at wind-down of war as US sends more troops and Iran threatens tourism sites

President Donald Trump says he is considering “winding down” military operations in the Middle East

The Independent UK

Iran’s willingness to escalate this high-stakes war is its greatest weapon

Regime will do whatever it takes to cling on to power – including sacrificing economies of other Gulf states

The Guardian - UK

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The Latest: US deploys more troops to Mideast as Trump considers ‘winding down’ military operations

President Donald Trump says his administration is considering “winding down” military operations in the Middle East even as the United States announces it is sending more warships and Marines to the region and Iran threatens to attack tourist sites worldwide

The Independent UK

Projectile strikes vessel off coast of UAE - as it happened

This blog is now closed

The Guardian - UK

Ukraine war briefing: Children ordered to leave key Ukrainian stronghold as Russians advance

Compulsory evacuation of children begins in Sloviansk. Kyiv still expects first tranche of 90bn euro loan despite Hungary veto. What we know on day 1,487

The Guardian - AU

Trump news at a glance: president blasts Nato allies amid reports US will send more troops to Middle East

Trump called alliance members ‘cowards’ for not wanting ‘to help open’ the strait of Hormuz; more than a dozen nations later made vague offer to help

The Guardian - US

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US lifts sanctions on Iranian oil at sea in bid to ease supply pressures

Treasury secretary Scott Bessent says move will bring 140m barrels to market but insists Tehran will not benefit

The Guardian - US

US lifts sanctions on Iranian oil at sea as prices soar

The U.S. Treasury Department has waived sanctions on Iranian oil at sea until April 19

The Independent UK

Trump Dismisses Ceasefire Talk and Claims Strait of Hormuz Will Unblock on Its Own

US President Donald Trump completely rejected a Middle East ceasefire while warning that the blocked Strait of Hormuz will eventually open itself amid soaring energy prices.

International Business Times UK

Tariffs were already squeezing small businesses. Now the Iran conflict is pushing them to the brink as rising oil prices boost shipping costs

Thin margins and limited reserves leave small businesses uniquely exposed.

Fortune

Exxon vs. Chevron: Which Energy Giant Will Pay You for Generations as Oil Prices Surge?

Iran tensions and higher oil prices are putting Exxon Mobil and Chevron in focus, but only one looks like the stronger dividend stock today.

Barchart

Cotton Close Mixed on Friday

Cotton futures were down 3 to 36 points in the 2026 contracts on Friday, with deferred contracts up 8 to 32 points. May was 146 points in the green this week. Crude oil was up $2.67 on the day to $98.81, with the US dollar index up $0.237 to $99.295....

Barchart

It's looking like Trump's war created a private oil lane for China and other countries willing to play ball with Iran

President Donald Trump is sending thousands of Marines to the Middle East amid reports he is considering deploying ground troops to reopen the strait.

Fortune

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We Got This Covered

Americans want answers on the Iran War — Benjamin Netanyahu just offered a clue: He wants oil and gas flowing through Israel

This is robbing Peter to pay Paul.

Barchart

Stocks Plunge on US Plans to Escalate Iran War

The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -1.51%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.96%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.88%. March E-mini S&P futures (ESM26 ) fell -1.39%, and March E-mini Nasdaq futures...

MarketBeat

What a Gold Miner and an Oil Trust Reveal About Today’s Market

The market rotation into energy and materials is accelerating as the bull market matures, with geopolitical unrest fueling the rallies in gold and oil.

The Guardian - US

US stock markets dip for fourth straight week over US-Israel war on Iran

Markets seem particularly attuned to increasing oil prices, with S&P 500 and Nasdaq down 1.5% and 2% respectively

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The Guardian - UK

How the Iran war has sent shocks rippling across the globe

From restaurant closures in the Philippines and petrol rationing in Sri Lanka, to Asian food production crises due to fertiliser shortages, the effects of the US-Israeli war on Iran reverberate around the world

Barchart

Crude Prices Surge on Reports the US is Preparing Troop Deployment in Iran

April WTI crude oil (CLJ26 ) on Friday closed up +2.18 (+2.27%), and April RBOB gasoline (RBJ26 ) closed up +0.1591 (+5.09%). Crude oil and gasoline prices rallied sharply on Friday, with gasoline posting a 3.5-year nearest-futures high. Crude prices surged on Friday as the Iran war drags on, with...

Reason

As Trump Talks of 'Taking Cuba,' Real Change Requires More Than Replacing Its Leader

Unrest is rising in Cuba as the country runs out of oil under a U.S. blockade.

International Business Times

Trump Calls NATO 'Cowards' as Alliance Balks at Direct Role in Iran War

President Donald Trump has called NATO allies in Europe "cowards" for refusing to directly support the U.S. and Israel's efforts in the Middle East.

The Guardian - UK

Lowering speed limits among contingency plans to curb UK oil demand

International Energy Agency recommends emergency measures, including working from home, as Iran war hits fuel supply

Evening Standard

Stocks end week in red as Brent price retreats

The FTSE 100 has lost 342.77 points, 3.3%, over the week.

Barchart

Cotton Mostly Weaker on Friday

Cotton futures are showing steady trade in the new crop contracts an 20 to 32 point losses in the front months on Friday. Crude oil is up $2.51 on the day to $98.09, with the US dollar index down $0.267 to $99.345. Export Sales data has total cotton export commitments...

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