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The Latest Breaking News from Oil

Current price of oil as of March 25, 2026

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

Fortune

Blackrock boss warns of ‘stark global recession’ if oil prices hit $150 due to Iran war

Larry Fink warns those on lower incomes will be harder hit than the wealthy if energy prices continue to soar

The Independent UK

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Marie Claire

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How oil traders bet millions just minutes before Trump’s Iran ‘peace talks’ post

IN FULL

The Independent UK

Larry Fink says the Iran war ends in one of two extremes: Abundance, growth, and oil at $40 a barrel, or a global recession and years of oil at $150

“I could paint a scenario where I could see, a year from now, oil at $40 a barrel; I could see it above $150—we have two very extreme outcomes,” Fink told the BBC this morning.

Fortune

US deploys 2,000 paratroopers from ‘Immediate Response Force’ to Middle East amid escalation: Report

Around 2,000 elite paratroopers are heading to the Middle East, bolstering US military options as President Trump explores diplomatic avenues with Iran. This deployment, alongside thousands of Marines, signals a significant escalation. The troops could be positioned for operations near Iran's oil hub, Kharg Island, or to secure vital shipping…

The Times of India

Asia braces for ‘Covid-like’ crisis as impacts from Iran war fuel shortage widen

Petrol stations run dry as countries take measures to reserve energy amid uncertainty over ongoing Middle East crisis

The Independent UK

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Why is UK inflation steady and how will the Iran war affect it?

February’s inflation rate of 3% means if an item cost £100 a year ago, it would now cost £103.

Evening Standard

S&P/ASX 200 Rebounds Sharply, Gaining Nearly 2% as Miners Rally Amid Easing US-Iran War Tensions

The S&P/ASX 200 index surged more than 1.8% on Wednesday, closing at approximately 8,538 points after climbing as high as 8,564, as investors welcomed signs of de-escalation in the US-Iran conflict and a strong rebound in mining and energy stocks.

International Business Times

Trump’s war in Iran exposes US’s shift from a global guardian to an arbiter of chaos

The US is recklessly spreading economic havoc among global friends and foes while suffering little harm itself

The Guardian - US

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Marie Claire

Hungary will cut natural gas supplies to Ukraine until Russian oil deliveries resume

Hungary will cut off gas supplies to Ukraine to pressure Kyiv to restore Russian oil flows through the Druzhba pipeline

The Independent UK

Europe could face fuel shortage by April as Iran throttles supplies, says Shell boss

Wael Sawan warns of pressure on diesel and petrol if strait of Hormuz does not reopen to oil and gas shipping

The Guardian - UK

Michaelina Wautier review: Intensely pleasurable look at neglected female artist

5/5 This almost unknown mid-seventeenth century Flemish artist can stand alongside the greats

Evening Standard

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The Independent UK

Top central banker thinks businesses may be quicker to raise prices due to Iran war

Businesses might be quicker to raise prices in response to the Iran war due to bitter memories of the energy price inflation that broke out after Russia invaded Ukraine

The Guardian - UK

There are no missiles raining down on Havana. But what I saw there was still warfare

Trump’s oil blockade is starving the island of vital resources. His brute force isn’t making America great again – it’s breeding resentment across the globe, says Guardian columnist Owen Jones

The Independent UK

Soaring oil prices spark fear of global recession

Fears of a global recession have emerged due to soaring prices, exacerbated by the conflict in the Middle East. Larry Fink, CEO of BlackRock, has predicted a global recession if oil prices reach $150 a barrel, citing "profound implications" should Iran remain a threat. UK Chancellor Rachel Reeves warned that…

The Independent UK

Iran oil insider trader concern after hundreds of millions are wagered minutes before Trump’s ‘peace talks’ post

Surge in global betting on energy markets seen on Monday morning 15 minutes prior to President Donald Trump’s Truth Social post announcing ‘productive’ talks with Iran

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news in one place.

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The Independent UK

Cyprus to ‘seek new security deal’ for UK military bases following strike on RAF Akrotiri

Cypriot president has called for ‘open and frank’ discussions over future of UK bases on the island

International Business Times UK

Strait of Hormuz Shock: Trump Reveals Iran's 'Huge Gift' as US-Iran Tensions Spike

Trump says Iran sent a major oil and gas 'gift' tied to the strategic Strait of Hormuz as tensions with Tehran surge and diplomacy heats up

Evening Standard

Oil prices fall back and global stocks rally amid hopes of Iran war ceasefire

Brent crude fell back below 100 US dollars a barrel, down 6% at 98.23 dollars in morning trading on Wednesday, while UK natural gas prices tumbled 8%.

The Guardian - UK

Stocks rise and oil dips on hopes of 15-point Iran peace plan

Markets in Asia, Europe and US move higher after Iran says it will permit ‘non-hostile’ ships through strait of Hormuz

Euronews

Markets rally, oil prices fall as Trump signals Iran talks

Oil prices fell more than 4% and European shares gained on Wednesday on the possibility of a de-escalation in the Iran war.

Fortune

Goldman raises recession odds to 30% on higher inflation, lower GDP outlook as oil prices surge

Goldman said it expected six weeks of Hormuz disruption, with Brent crude averaging $105 per barrel in March and $115 in April before retreating to $80.

Radio France Internationale

Inflation in France jumps as Iran war hits growth and spending

France is heading for a sharp rise in inflation this spring as soaring oil prices linked to the conflict in Iran erode household purchasing power, with growth expected to slow in early 2026, the national statistics agency said.

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