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The Latest Breaking News from Oil

NATO Expects Europe to Unite on Iran War as Trump Calls Them 'Cowards' Amid Oil, Market Chaos

As the Middle East crisis deepens, Europe grapples with tough decisions amid rising tensions with NATO and the US. Discover the latest developments and their impact on global markets.

International Business Times UK

US-Iran War Costs Soar Past $25 Billion for America as Global Economy Reels from Oil Shock

The ongoing U.S.-led military campaign against Iran, now in its fourth week, has already cost American taxpayers an estimated $25 billion to $30 billion in direct military expenditures, with broader global economic damage mounting from disrupted energy supplies, surging oil prices and market volatility.

International Business Times

World Oil Prices Surge to Near $113 as US-Iran Conflict Disrupts Strait of Hormuz Flows on March 23, 2026

Global oil prices climbed sharply Monday amid persistent disruptions to the Strait of Hormuz caused by the ongoing U.S.-Iran conflict, with Brent crude benchmark rising to around $113 per barrel as supply fears intensified in the fourth week of hostilities.

International Business Times

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Trump Presidency in Peril as Inflation Forecast Shows Prices Surging Past 5%—Fuel Costs and Iran War Backlash Mount

Economic forecasts warn of US inflation surpassing 5% due to rising fuel costs linked to the Iran conflict, posing challenges for Trump's administration.

International Business Times UK

World heading for energy crisis ‘worse than 70s oil shocks and Ukraine combined’

IN FULL

The Independent UK

US Stocks Continue Downtrend, Gold Records Largest Weekly Decline Since '83 After Trump's Hormuz Ultimatum

International Energy Agency director believes that the fallout from the Middle East war is equivalent to the two major oil crises of the 1970s and the 2022 gas crisis 'put together.'

International Business Times UK

I’m impressed that this quiet Daewoo oil-filled heater continues kicking out heat for hours after it’s been turned off — it’s ideal when I’m working from home

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World facing worse energy shock than 1970s oil crisis and Ukraine war combined, says IEA chief

Fatih Birol says world leaders underestimating impact war in Middle East will have on energy prices

The Independent UK

Stock Index Futures Rally as Oil Prices Tumble on U.S.-Iran Talks

June S&P 500 E-Mini futures (ESM26) are up +1.53%, and June Nasdaq 100 E-Mini futures (NQM26) are up +1.57% this morning, pointing to a sharply higher open on Wall Street as sentiment got a boost after U.S. President Donald Trump said the U.S. and Iran had “very good” conversations about…

Barchart

Trump’s brutal ‘cowards’ claim rocks NATO as one major player finally crumbles under US pressure

The British government has partially reversed its stance, now allowing the United States military to use UK bases for airstrikes aimed at clearing the Strait of Hormuz of Iranian obstacles. This policy shift was announced by Prime Minister Keir Starmer’s office just hours after President Donald Trump publicly called European…

The Mary Sue

Markets tumble and oil prices rise after Strait of Hormuz threats

IN FULL

The Independent UK

Emergency cost-of-living Cobra meeting amid soaring energy prices and stock market crash threat over Iran war

Prime Minister Sir Keir Starmer leads a meeting of the Cobra emergency committee to consider the looming economic impact of the Middle East crisis

Evening Standard

Oil prices slide after Trump announces 'productive conversations' with Iran

Oil prices dropped and stock markets started to climb after comments from US President Donald Trump raised hopes for a quick end to the Iran war.

Euronews

Politics latest: Starmer warns there may not be ‘quick and early end’ to US-Iran war ahead of Cobra meeting

Prime minister warned his team not to fall into ‘false comfort’ of thinking as Middle East conflict could be lengthy

The Independent UK

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10 Italian-Inspired Tuna Recipes You Can Make in 20 Minutes

Italian cuisine is known for transforming simple ingredients into deeply satisfying meals. One pantry staple that shines in Italian-style cooking is tuna. Whether packed in olive oil or spring water, canned tuna is affordable, versatile, and perfect for quick meals when time is limited.

The Independent UK

FTSE 100 plunges 11% since Iran war started as stock markets continue to tumble

The FTSE 100 Index fell more than 2% in the two hours after the opening bell on Monday

Evening Standard

Markets tumble and oil prices rise as global focus remains on Strait of Hormuz

The FTSE 100 Index fell back further from the 10,000 market, dropping 1.6% soon after opening on Monday.

The Guardian - UK

Stock markets swing and oil prices fall after Trump postpones strikes on Iran power plants

European shares start to rise after US president says talks have been ‘very good and productive’

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news in one place.

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International Business Times UK

Trump Claims 'Having the Honor of Taking Cuba' Amid Oil Shortages and Nationwide Blackouts

Rising tensions between Cuba and the US are escalating as Cuba grapples with a severe energy crisis and US oil sanctions, highlighting concerns over Cuba's military readiness and the geopolitical challenges threatening its sovereignty.

International Business Times UK

Trump Calls Democrats 'America's Greatest Enemy' After Claiming Iran Is Dead in Inflammatory Post

Explore the impact of Trump's statements on Democrats and the Iran conflict on global oil prices and political tensions. Get the latest updates on this evolving situation.

Evening Standard

FTSE 100 Live 23 March: Stocks rebound and oil price falls on hopes of end to war

Stock markets have staged a dramatic rebound from earlier heavy losses after President Trump today disclosed talks over ending the Middle East conflict.

Euronews

Old masters, new methods: The tech transforming art restoration

From an AI-generated mask that can restore a 15th-century painting in three hours to scientists developing eco-friendly cleaning gels from renewable materials, a new wave of technology is saving masterpieces.

The Guardian - AU

Afternoon Update: IEA chief warns oil shock worse than 1970s crises combined; ABC staff to strike; and a ‘feline Oscars’ star

International Energy Agency executive director, said world leaders had not properly understood the consequences of the strait of Hormuz’s closure

The Guardian - UK

Tehran’s toxic cloud: satellite images show oily fires burned for days

Residents reported headaches, eye and skin irritation and breathing difficulties as Israeli bombings blanketed Tehran with pollutants

The Independent UK

US-Iran war latest: Tehran calls US peace talk claims ‘fake news’ as Trump sets new deadline to end war

Donald Trump says the US and Iran have held talks about a ‘total resolution of hostilities’

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