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The Latest Breaking News from Oil

Brent crude hits $116 a barrel as Trump threatens to ‘blow up’ Iran’s oilwells and export hub

Investors nervous over escalation of Middle East conflict as US president says he wants to ‘take the oil in Iran’

The Guardian - US

Petrol, Diesel Prices Remain Unchanged Despite Global Oil Surge Amid Middle East Tensions

Amid escalating geopolitical tensions in the Middle East, particularly involving the US-Iran conflict and disruptions in the Strait of Hormuz, global crude oil prices have surged to around $120 per barrel. While many countries have responded with fuel price hikes or rationing measures, India has so far managed to shield…

Whats Hot

Iran war briefing: Trump says he could ‘easily’ seize Kharg Island amid oil price jump

Donald Trump has said America could “very easily’ seize Kharg Island - Iran’s main oil terminal in the Persian Gulf. It came as oil prices were set ‌for a record monthly rise; Brent crude futures jumped $3.09, or 2.74 per cent, to $115.66 a barrel on Friday. On Saturday, Yemen's…

The Independent UK

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Energy Lockdown Warnings Grow as Australia Announces Temporary Fuel Excise Cut

While officials insist Australia is not facing an immediate shortage, the government's latest move underscores how quickly the crisis is forcing nations to balance economic relief.

International Business Times UK

Newsletter: G7 ministers to hold crunch talks as war’s economic fallout deepens

Also in this newsletter: Outrage after Israeli police stopped the heads of the Catholic Church in Jerusalem from entering the Holy Sepulchre on Palm Sunday.

Euronews

Brent crude rises after Trump says he wants to ‘take the oil’ in Iran and Yemeni Houthis launch second attack on Israel – as it happened

Brent crude on track for record monthly increase; aluminium prices hit four-year highs after Iranian attacks on Middle East smelters

The Guardian - UK

Petrol prices latest: Motorists hit by 23-year record over cost of diesel as Starmer prepares for emergency talks

The average price of a litre of diesel at UK forecourts rose to 179.9p on Sunday, 28.5p more than petrol (151.4p).

The Independent UK

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Is Russia On The Verge Of A Coup? Putin Allegedly Pressured By War Supporters In Worsening Fuel Crisis

Speculation about a coup in Russia has grown amid fuel disruptions and criticism of Vladimir Putin, but officials say there is no evidence of an imminent power shift.

International Business Times UK

Trump talks up 'ending' Iran war as oil price jumps and stocks fall after more US troops sent to Middle East

The US president appears to be seeking an off-ramp to end the conflict while escalating his threats

Evening Standard

FTSE 100 Live 30 March: Index rallies despite higher oil price, car finance update due

The surge in energy prices continued today after President Trump said he is considering seizing Iranian oil hub Kharg Island.

Evening Standard

The New-Season Beauty Edit: March’s Most Considered Launches

New, noteworthy and completely necessary

Marie Claire

The Five Best RSO Gummy Brands

Cannabis edibles have evolved quickly over the past decade. What began as simple brownies and candies has grown into a sophisticated category with carefully formulated products designed for specific experiences.

inkl

Top forecaster's dire prediction if Iran war drags on

Australia could enter a recession, with the Reserve Bank raising interest rates a further three times, economists warn as fears of a protracted conflict mount.

AAP

European markets mixed as Iran tensions push oil prices higher

Brent crude has jumped more than 50% since the Iran conflict began, as Asian markets fall and European stocks follow suit.

Euronews

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The Guardian - UK

Will Trump bring peace, or more bombs? Shady speculators seem to bet right every time

The president may not be benefiting directly from betting markets, but he has encouraged a culture that treats politics like a casino floor, says Guardian columnist Nesrine Malik

The Times of India

Iran issues US troops will be 'set on fire' warning; Pakistan to host talks to end war: 10 things to know

Pakistan is preparing to host negotiation talks between the United States, Iran and Israel after a month of war marked by military escalation, diplomatic backchannels and competing claims of progress toward a ceasefire. Islamabad has emerged as a potential mediator, even as Iran hardened its rhetoric against possible US ground…

The Independent UK

Asian shares decline as oil prices soar amid the war in Iran, echoing last week's Wall Street drop

Asian shares are mostly declining, as worries continue about soaring oil prices and the potential for further escalation in the U.S. war with Iran

The Guardian - AU

Oil set for record monthly gain – as it happened

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AAP

Australian shares sink as oil hits $US116 a barrel

The Australian share market has fallen 0.7 per cent after oil prices hit a nearly four-year high and Houthi militants entered the Middle East war.

The Times of India

'US could take the oil in Iran': Trump signals seizure of Kharg Island export hub

His remarks come at a time when the US-Israel war with Iran has pushed the region deeper into crisis and driven a sharp surge in global oil prices. Brent crude climbed above $116 per barrel on Monday in Asian trading, nearing its highest level since the conflict began. Trump said:…

The Guardian - AU

Ukraine war briefing: German defence giant sparks row after comparing Ukraine drone makers to ‘housewives’

Rheinmetall CEO’s dismissive comments draw pointed reaction from Ukrainian prime minister and adviser to Volodymyr Zelenskyy. What we know on day 1,496

The Guardian - UK

China’s ‘teapot’ oil refineries keep economy brewing – but surging crude prices leave them strained

The factories, which buy cheap crude and turn it into fuel, are struggling as higher oil prices threaten their razor-sharp margins

The Independent UK

The renewable energy source homeowners are turning to as oil and gas prices soar

Solar panel sales were up by 62% this month, according to E.On

The Independent UK

Swinney to push for powers over energy if SNP wins election

The First Minister will visit the north-east of Scotland on Monday.

Evening Standard

Britons turn to solar power to ‘insulate’ against oil and gas chaos, says E.On

The electricity supplier said solar sales were up by 62% this month, compared with the previous month.

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