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The Latest Breaking News from Oil

Strait of Hormuz 'Toll Booth' Implemented? Iran Tightens Control with New Fees and Vetting System in Key Oil Chokepoint

Iran introduces a toll booth system in the Strait of Hormuz, requiring vessels to submit documentation and pay fees, impacting global oil trade

International Business Times UK

Wall Street hits six-month low and Dow falls into correction as Trump ‘appears to lose his grip on markets’ – as it happened

Rolling coverage of the latest economic and financial news, as Brent crude trades over $110 a barrel for first time since Monday

The Guardian - UK

FTSE 100 Live 27 March: Retail pressure mounts, gilt yield at 18-year high

President Trump’s extension of Iran peace talks has failed to cool oil prices after Brent crude touched $110 a barrel.

Evening Standard

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Trump extends Hormuz deadline even as strikes continue; oil prices ease: What's happening in US-Israel vs Iran war

US President Donald Trump has extended a pause on strikes targeting Iran’s energy infrastructure until early April, as Washington signals that diplomacy remains its preferred path forward in the escalating conflict. The temporary halt, announced as a 10-day window, comes amid claims from Trump that negotiations with Tehran are progressing,…

The Times of India

G7 unity tested as US envoy Rubio faces pressure from allies on Iran

G7 allies were on Friday pressing US Secretary of State Marco Rubio for clarity on American plans for Iran almost one month into the war in the Middle East, with concern also intensifying over the extent of cooperation between Russia and Tehran.

Radio France Internationale

European country vows to give homeowners ‘free electricity' instead of switching off wind turbines

Europe’s outdated and under-invested energy grid means huge amounts of renewable energy are wasted every year.

Euronews

Iran’s black rain is latest grim example of weather in war zones

Strikes on oil facilities burned thousands of tons of stored fuel, producing a pall of toxic smoke

The Guardian - UK

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Trump Says Talks with Iran Are 'Going Very Well' as Strait of Hormuz Deadline Extended — Will Diplomacy Hold?

Trump extends Iran deadline for reopening the Strait of Hormuz by ten days as talks continue and global oil markets stay on alert

International Business Times UK

CBA ups inflation prediction as supply chains strain

Australia is staring down the barrel of inflation above five per cent as a result of the Iran oil supply shock, economists from the Commonwealth Bank warn.

AAP

'They asked for 7, I gave them 10': Donald Trump reveals Iran's 'big present' to US as Hormuz deadline delayed

President Trump granted Iran a 10-day cooling-off period, calling it a "gift" after Tehran allowed eight oil tankers through the Strait of Hormuz. This pause in planned strikes on energy infrastructure comes amid ongoing diplomatic efforts, which Trump described as progressing well. The extension follows a previous five-day delay and…

The Times of India

Iran-US war latest: Ship carrying thousands of Marines arrives in Middle East as Yemen’s Houthis warn of more attacks

It comes amid speculation of an impending ground invasion

The Independent UK

Ukraine war briefing: Pentagon reportedly considering whether to divert aid from Ukraine to Middle East

US military stockpiles are under strain as a result of Iran war, Washington Post reports; Volodymyr Zelenskyy meets Saudi crown prince in Jeddah. What we know on day 1,493

The Guardian - AU

UAE targeted with missiles and drones – as it happened

This blog is closed.

The Guardian - AU

Malaysian vessels permitted to travel through strait of Hormuz, country’s PM says after Iran talks

A trickle of cargo ships and tankers – mostly Iranian, but some from Thailand and China – have made it through the strait since the war began

The Guardian - AU

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Times Pets

Common Mistakes First Time Pet Owners Make

Getting a new pet is super exciting! But without planning, you might face big problems like vet bills or ruined furniture. Studies show 20 to 30% of new owners give up their pet in the first year because of surprises like endless shedding, night time craziness, or allergies. Many myths…

AAP

Aussie shares snap losing streak but crude risks weigh

The local bourse has had its first positive week since February, but traders remain cautious with the US and Iran still at odds over a potential ceasefire.

The Guardian - AU

Mapping a mega storm: how Tropical Cyclone Narelle is tracking a historic path across Australia

Plus, visualising flows of oil and gas, the beauty of eucalyptus records and unravelling the mysteries of insect migrations

AAP

Coalition calls for cut to fuel tax as price woes mount

Cutting battery and EV subsidies would help pay for a coalition plan to halve the fuel excise amid a surge in oil prices caused by the Iran war.

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The Independent UK

Rachel Reeves urged to raise taxes on companies profiting from Iran war

The price of oil has skyrocketed since the war in Iran began and the UK economy is predicted to see a drop in growth

The Independent UK

Gulf of Mexico oil spill spread hundreds of miles, killed wildlife and polluted Mexican reserves

Mexican authorities say a March oil spill in the Gulf of Mexico spread more than 600 kilometers and reached protected areas

Barchart

The General Mills Dividend Yields 6.53%. Is That Enough to Make Up for an Oil Price Shock?

General Mills’ high 6.53% dividend yield may look enticing, but it comes amid falling earnings, rising oil-driven cost pressures, and growing macro risks that could limit upside.

Barchart

Soybeans Closes Higher on Thursday

Soybeans saw gains of 1 ¾ to 5 ½ cent gains in the front months on Thursday. The cmdtyView national average Cash Bean price was up 2 1/4 cents at $11.00 1/4. Soymeal futures were up 30 cents to $2.30, with Soy Oil futures up 42 to 96 points. Export...

Barchart

Cotton Rallies on Thursday

Cotton futures closed out the Thursday session with contracts 21 to 123 points higher across the board. The US dollar index was $0.296 higher at $99.695. Crude oil was up $3.46 on the day to $93.79. Export Sales data showed 202,444 RB of 2025/26 cotton sold in the week ending...

The Independent UK

Iran suggests Spain may be able to send ships through Strait of Hormuz as it is ‘non-hostile’ country

Iran remains in control of the Strait of Hormuz and attacks on vessels have caused chaos in energy markets

The Guardian - US

US markets see biggest slump since start of US-Israel war on Iran

Dow closed 450 points down and S&P dipped 1.7% while Nasdaq fell 2.3% into correction territory

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