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The Latest Breaking News from Oil

Iran-US war latest: Tehran threatens to ‘completely close’ Strait of Hormuz after Trump issues 48-hour ultimatum

Donald Trump’s 48-hour ultimatum over the Strait of Hormuz has been met with threats from Iran

The Independent UK

New video shows moment Iranian missiles struck Haifa refinery, Israel’s largest oil hub

A video has emerged of Iran's missile strike on an oil refinery in the Israeli port city of Haifa, as the Middle East war entered its 21st day on Friday.

The Times of India

Reliant on imported fuel, Pacific islands appeal for help as oil prices surge

Samoa and Tonga raise supply concerns with foreign partners as businesses and residents in Papua New Guinea grapple with higher fuel prices amid the Iran war

The Guardian - AU

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The silver lining in Europe’s deforestation law delay: A chance to build fairer supply chains

When you reach for a “palm-oil-free” label at the supermarket, you likely feel you’re doing your part to save orangutans and protect biodiversity. However, the reality behind that label is more complex than it appears.

The Conversation

The UAE’s Energy Playbook Is Paying Off Amid Global Turmoil

As global energy markets enter an unprecedented crisis, the world’s attention instinctively turns to the largest traditional producers

inkl

China has been preparing for a global energy crisis for years. It is paying off now

As other Asian economies race to conserve energy, China has huge reserves of oil and gas as well as alternative energy sources like wind and solar

The Guardian - AU

Fuel shortages continue despite adequate reserves

Fuel remains scarce at many service stations across Thailand, even though reserves are more than adequate, amid continuing problems with delivery and unusually high demand, officials said on Thursday.

Bangkok Post

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Iran missile hit oil refineries in Haifa, 'no significant damage', says Israeli official

An Iranian missile strike targeted Israel’s northern port city of Haifa on Thursday, hitting oil refineries, though officials said the impact was limited.

The Times of India

US may remove sanctions on Iranian oil stranded in tankers, treasury secretary says

Scott Bessent says actions will increase oil supply and bring down prices, but long-term effects in question

The Guardian - US

Starmer acknowledges ‘pressure on families’ as costs rise amid Iran war

The Iran war has sent oil and gas prices soaring, putting further pressure on already-stretched household budgets in the UK

The Independent UK

Belgium: EU leaders meet as Ukraine loan remains blocked

EU leaders show unity but fail to approve €90bn loan for Kyiv as Hungary’s Viktor Orban vetoes over oil transit dispute with Ukraine.

Euronews

The $100 Barrel Shock: Why Your Next Plane Ticket Could Cost 65% More Than Last Year

If you’ve searched for flights recently and felt sticker shock, you’re not alone. Travelers across the U.S. are seeing airfare jump dramatically compared to last...

Saving Advice

Cotton Falls Back on Thursday

Cotton 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 from Thursday morning showed a total of 196,691 RB of...

Barchart

Return of the oil shock: lessons from a crisis New Zealand has seen before

The world’s energy situation is growing more volatile by the day.

The Conversation

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Barchart

Stocks Finish Lower as Iran War Spurs Inflation Concerns

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -0.27%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.44%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.29%. March E-mini S&P futures (ESH26 ) fell -0.24%, and March E-mini Nasdaq futures...

The Independent UK

Cuba readies for first Russian oil shipment of the year as energy crisis deepens

Cuba is preparing to receive its first shipment of Russian oil this year, just days after the government announced it was operating on natural gas, solar power and thermoelectric plants as severe power outages continue to hit an island whose power grid is crumbling

The Independent UK

Iran oil attacks trigger 35% gas price spike – and warning of interest rate rises

Iran’s attacks on energy facilities across the Gulf threaten to drag war into new phase

Latin Times

Venezuela Used $64 Billion in Oil Wealth to Build Cuban-Led Repressive Security Apparatus, Report Says

Venezuela transferred an estimated $64 billion in oil wealth to Cuba over two decades, helping build a Cuban-led intelligence and security apparatus tied to political repression and social control, according to a new report.

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Kiplinger

Stocks Continue to Slide on Energy Shock: Stock Market Today

Not even "exceptional" earnings and "stellar" guidance could save one of the hottest chip stocks from the shocks of 2026.

International Business Times

The Middle East Oil Crisis Just Reached Japan's Snack Aisle and Wasabeef Is First to Go

No heavy oil, no boilers, no chips. The Middle East oil crisis is now food inflation news, and Japanese food trends may never look quite the same.

Latin Times

Trump Reportedly Considering Sending Thousands Of Additional Troops To Middle East To Strengthen Iran War Operation

The Trump administration is considering sending thousands of additional troops to the Middle East to support the war operation in Iran, according to a new report.

The Independent UK

Thieves raid restaurant’s cooking oil in suspected biodiesel scam as fuel prices rocket

A pair of thieves were caught on camera stealing used cooking oil from a restaurant, in a raid thought to be prompted by soaring fuel prices.

International Business Times

U.S. Treasury Secretary Bessent Mulls Lifting Sanctions on Iranian Oil

Treasury Secretary Scott Bessent said that the Trump administration is considering temporarily lifting sanctions on roughly 140 million barrels of Iranian crude already sitting on tankers at sea.

Barchart

Crude Oil Prices Erase Gains on Hopes US to Add Supplies to Oil Markets

April WTI crude oil (CLJ26 ) on Thursday closed down -0.18 (-0.19%), and April RBOB gasoline (RBJ26 ) closed up +0.0286 (+0.92%). Crude oil and gasoline prices fell back from early highs on Thursday and settled mixed, with gasoline climbing to a 3.5-year high. Escalation of the Iran war is...

Fortune

War, oil, and an unpaid TSA: The perfect storm of travel chaos feels like the pandemic all over again

Flights face new disruption as war, oil costs, and TSA pay issues hit travelers

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