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The Latest Breaking News from Oil

Iran fortifying Kharg Island as US weighs possible seizure plan, laying traps and moving air defences: Report

Iran is fortifying Kharg Island with troops and air defence systems as the US reportedly considers a risky operation to seize the vital oil hub. While the Trump administration weighs this pressure tactic, experts warn of significant casualties and potential Iranian retaliation. Allies urge caution, advocating for a focus on…

The Times of India

As US readies ground forces in West Asia, India’s ‘stable’ energy claims face a slippery reality

The war in West Asia is nearly a month old, and this morning, there’s news of the United States beginning to deploy airborne troops and Marine units into the region after Iran rejected a ceasefire proposal. This move expands the scope of military action beyond air and naval engagement. These…

Newslaundry

'Slowed development of all regions': Putin says Middle East conflict could have Covid-like global impact

Russian President Vladimir Putin warned that the Middle East conflict's fallout could rival the Covid-19 pandemic, disrupting global logistics and supply chains. He noted significant pressure on key industries and highlighted Russia's surging energy revenues amid market turmoil. Moscow has publicly reaffirmed its support for Tehran, though the extent of…

The Times of India

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Senator Murphy Alleges 'Corrupt' Insider Trading After £1.17 Billion Futures Bet Placed Minutes Before Trump's Iran Post

An anonymous trader's massive futures trades just before Trump's Iran strike pause announcement have sparked insider trading allegations from a US senator and a Nobel Prize-winning economist.

International Business Times UK

Iran war's environmental toll could leave damage and health risks for decades, experts say

The Iran war is unleashing a toxic mix of chemicals, heavy metals and other pollutants that threaten everything from agriculture to drinking water to people’s health

The Independent UK

Current price of oil as of March 26, 2026

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

Fortune

Europeans vow to get tougher on Russia’s shadow fleet of oil tankers as a sea drone hits one of them

A group of northern European countries is vowing to harden the fight against Russia’s “shadow fleet” of tankers exporting its sanctioned oil

The Independent UK

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What is Russia’s shadow fleet and how is it helping Putin wage war in Ukraine?

Russia's reliance on the shadow fleet has allowed it to keep exporting oil without complying with Western restrictions imposed since the invasion of Ukraine

The Independent UK

Inside Iran’s ‘toll booth regime’: How Tehran chooses who can pass through Strait of Hormuz

Maritime experts say ships are being ordered to submit detailed documentation to the Iranian authorities before being escorted through a controlled corridor

The Independent UK

Church leaders criticise Christian owner of GB News over channel’s climate attacks

Exclusive: Paul Marshall also challenged over his own ‘misleading’ statements and £1.8bn of fossil fuel investments in his hedge fund

The Guardian - UK

Four knockout bakes and tips from the master: Edd Kimber’s recipes for cooking with chocolate

From a white chocolate cheesecake tart and flourless chocolate cake to double chocolate olive oil and marbled matcha cookies, explore chocolate’s endless versatility

The Guardian - UK

IRGC navy chief Alireza Tangsiri killed in 'precise and lethal operation,' Israel says

The Strait of Hormuz is one of the world’s most important energy routes and before the war carried around a fifth of global oil supply and key liquefied natural gas exports from the Gulf.

Euronews

Octopus reports sharp rise in solar panel sales since start of Iran war

Firm’s sales up 54% this month and Good Energy reports doubling of interest in solar after latest oil price shock

The Guardian - UK

When could mortgage costs start falling again amid Iran war turmoil?

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The Independent UK

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International Business Times

5 Biggest Gainers in the S&P/ASX 200 Today: DroneShield Soars 19% to Lead ASX 200 Gainers

Defence technology company DroneShield Ltd led the S&P/ASX 200's biggest gainers on Wednesday, surging 19.33% to close at A$4.26 as investors piled into counter-drone and resources names amid ongoing uncertainty from the US-Iran conflict and broader commodity movements.

International Business Times

FTSE 100 Top 5 Gainers: Next Leads Risers as Index Dips Slightly on March 26

LONDON — Next plc dominated the FTSE 100 gainers Thursday as the blue-chip index edged lower amid renewed oil price volatility and lingering geopolitical uncertainties tied to the Middle East.

The Guardian - US

What does the Iran war mean for clean energy transition?

Here’s what to know about how the current crisis could shape the expansion of renewable energy

International Business Times

Iran Imposes Up to $2 Million Toll on Ships Passing Through Strait of Hormuz, Potentially Generating Billions

Iran has begun charging some commercial vessels up to $2 million per voyage to pass through the strategically vital Strait of Hormuz, effectively establishing an informal toll on one of the world's most critical energy chokepoints as the US-Iran war disrupts global oil flows and shipping routes.

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Barchart

Stocks Plunge Before the Open as Oil Prices Climb on U.S.-Iran Talks Uncertainty

June S&P 500 E-Mini futures (ESM26) are down -0.63%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.77% this morning as mounting uncertainty over Iran’s willingness to engage in negotiations to end the Middle East conflict pushed oil prices higher.

Euronews

Oil prices and markets look for direction amid conflicting messages from Iran and the US

As the prospect of de-escalation in the Iran war remains uncertain, oil prices are rising, with the international benchmark Brent trading above $106 a barrel on Thursday morning.

The Guardian - AU

Australian growth forecasts slashed as global economy faces inflation spike

OECD says the Middle East war will test the world’s resilience with Australia expected to suffer from higher rates and inflation

The Guardian - UK

Middle East conflict will damage UK’s economy ‘more than any other’

Organisation for Economic Cooperation and Development says UK economy will grow by just 0.7% this year

International Business Times

10 Countries Suffering Biggest Economic Losses From US-Iran War

The ongoing US-Iran war, now in its fourth week, has triggered the largest global energy supply disruption in decades through attacks on infrastructure and threats to shipping in the Strait of Hormuz

International Business Times UK

IEA Reveals 10-Point Plan to Ease Oil Costs Amid Middle East Supply Crisis – Here's the List

The IEA's 10-point emergency plan aims to reduce oil demand amid the Middle East conflict's historic supply disruption, potentially lowering prices and impacting commuters and businesses worldwide.

The Times of India

Bab al-Mandeb: How the 'Gate of Tears' may emerge as Iran’s second choke point after Hormuz

Iran has issued a stern warning, threatening to disrupt the vital Bab al-Mandeb Strait if the US and Israel attempt a ground invasion of Iranian territory, including Kharg Island. This move, coupled with existing control over the Strait of Hormuz, could significantly escalate economic disruption. Iran-aligned Houthis in Yemen are…

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