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The Latest Breaking News from Oil

A Sanctioned Tanker Is Heading To Cuba While Carrying Hundreds Of Thousands Of Oil Barrels

A sanctioned oil tanker sailing under the Russian flag is also heading to Cuba while carrying hundreds of thousands of oil barrels as the island continues to face acute fuel shortages.

Latin Times

Overconfidence is how wars are lost − lessons from Vietnam, Afghanistan and Ukraine for the war in Iran were ignored

Wars are rarely lost first on the battlefield. They are lost in leaders’ minds − when leaders misread what they and their adversaries can do, when their confidence substitutes for comprehension, and when the last war is mistaken for the next one.

The Conversation

Current price of oil as of March 20, 2026

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

Fortune

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read the most diverse news in one place.

Cotton Starting Friday with Slight Gains

Cotton price action is steady to 5 cents higher on Friday. Futures found some weakness on Thursday, with contracts down 21 to 103 points across the board. Crude oil was down $1 on the day to $95.32, with the US dollar index down $0.870 to $99.22. The Export Sales report...

Barchart

4 Moves to Shield Your Money Now as Iran Risk Rises, Warns a Financial Advisor

Tensions involving Iran are already pushing up energy and food costs. A financial advisor shares practical steps to protect your budget and investments.

GOBankingRates

Westminster may need to reconsider energy cost support, DUP leader warns

Northern Ireland is to receive a £17 million share of a £53 million package in support of heating oil costs.

Evening Standard

Australian Shares Close Lower as ASX 200 Hits Four-Month Low Amid Geopolitical Tensions and Rate Uncertainty

SYDNEY — The Australian stock market extended its losing streak Friday, with the benchmark S&P/ASX 200 index closing at 8,428.40, down 69.40 points or 0.82%, marking a fresh four-month low and its third consecutive weekly decline.

International Business Times

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As the U.S. gears up for a potential ground war in Iran, $100-plus oil threatens 'demand destruction' — starting in Asia

Everything you need to know before you reach the office this morning.

Fortune

Kevin O'Leary Predicts Who Will Control the Strait of Hormuz After the Middle East War Subsides

Kevin O'Leary predicts a multinational coalition will seize control of the Strait of Hormuz to ensure energy security after the 2026 Middle East war. US Treasury Secretary Scott Bessent considers 'unsanctioning' 140 million barrels of Iranian oil to curb soaring global prices.

International Business Times UK

IEA urges swift cuts in oil demand, encourages remote work, less air travel

As the war in the oil-rich Middle East keeps escalating, the International Energy Agency is calling on governments to take measures to reduce oil demand by pushing remote working, reducing speed limits and encouraging a shift towards public transport.

Euronews

Iran War Widens Across Gulf, Threatens Global Energy Supply As US Expands Military Campaign

Iran's latest offensive included a strike on Kuwait's Mina al-Ahmadi refinery, which triggered fires and forced fresh shutdowns affecting oil output.

International Business Times

I'm getting ready for Easter with make-ahead crowd pleasers - including chicken Marbella and a Simnel Bakewell tart

From chicken Marbella to nduja baked pasta shells and a showstopping simnel bakewell tart, these simple prep-ahead recipes make cooking for the family a breeze

Woman & Home

Oil and gas prices remain volatile in rollercoaster week amid Iran war

UK natural gas prices eased back a little in early trading on Friday, having jumped more than a fifth on Thursday.

Evening Standard

S&P Futures Slip as Oil Prices Rise on Kharg Island Takeover Report

March S&P 500 E-Mini futures (ESH26) are trending down -0.40% this morning as oil prices continued to rise amid waning hopes of de-escalation in the Middle East conflict.

Barchart

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Whats Hot

Premium Petrol Prices Increased by Over ₹2 Amid Global Oil Surge

State-run oil marketing companies on Friday announced an increase of over ₹2 per litre in the price of premium-grade petrol, while leaving the prices of regular petrol and diesel unchanged.

The Texas Tribune

Corpus Christi’s crucial refineries look for alternate water supplies amid looming water crisis

The city produces 5% of the nation’s refined products like gas and jet fuel, and experts say a serious water shortage could force production down and push fuel prices up even further.

Evening Standard

Iran tells Cooper UK letting US use bases is ‘participation in aggression’

Abbas Araghchi criticised the ‘negative and biased approach of Britain’.

Euronews

‘Europe learned the wrong lesson’ by doubling down on fossil fuels while India and China went green

Countries that invested in renewable energy in 2022 are better able to withstand the current fuel crisis, experts say.

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Evening Standard

Oil and gas prices ease back in calmer markets but volatility remains

UK natural gas prices fell 2% lower in early trading on Friday, having jumped more than a fifth higher on Thursday.

Evening Standard

Trump lashes out at Nato allies as 'cowards' as UK dragged into his Iran war for allowing US planes to use RAF bases

The US president has previously singled out Britain for particularly strong criticism

The Guardian - UK

FTSE 100 loses all its 2026 gains as Middle East conflict hits shares, and UK borrowing costs reach highest since 2008 – as it happened

Money markets predict three quarter-point rises in UK interest rates this year, due to inflation shock from higher oil and gas prices

Evening Standard

FTSE 100 Live 20 March: Index retreats amid $110 oil, Wetherspoon shares slump

A turbulent week for global markets today ended with Brent Crude near $110 a barrel and the FTSE 100 index back under pressure.

Evening Standard

US bombers fly from Britain to join Hormuz battle as Trump slams UK for being 'too slow'

It comes amid reports the US could deploy ground troops against Iran after weeks of strikes

The Guardian - UK

From black rain to marine pollution, the war in Iran is an environmental disaster

In this week’s newsletter: with US-Israeli strikes hitting oil refineries, military bases and nuclear facilities, monitors are warning that the conflict will have devastating effects

Fortune

For CEOs, it’s time for a wartime mindset

The Iran war may end, but global instability is here to stay. Business leaders who plan for volatility will have the edge.

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