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The Latest Breaking News from Oil

Cotton Falling Back on Wednesday AM Trade

Cotton price action is down 10 to 33 points so far on Wednesday. Futures closed the Tuesday session with contracts 48 to 70 points in the green on St Patrick’s Day. Some deferred contracts were up 5 to 18 points. Crude oil was back up $2.52 to $96.02, with the...

Barchart

4 Best EVs To Purchase During the Iran War’s Gas Crisis

With oil and gas prices rising amid the Iran conflict, these top 2026 electric cars offer long range and savings at the pump. See which EVs stand out.

GOBankingRates

Economists are loathe to mention recessions, but odds just hit 49% for the next 12 months according to Moody’s top economist

"If oil prices remain elevated for much longer (weeks and not months), a recession will be difficult to avoid," Zandi said.

Fortune

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Will the Iran war really lead to a global pivot to renewable energy?

IN FOCUS: With US and Israeli strikes on Iran continuing and no end to the conflict in sight, calls are growing for the rest of the world to reduce its dependence on oil and gas. But experts tell Stuti Mishra that moving away from oil is no easy task – if…

The Independent UK

Oil giants pocket extra €81m a day in EU. Here's how much a windfall tax could cut your energy bill

Oil companies in the EU are raking in an additional €81.4 million in profits everyday from soaring fuel prices, as experts call for an urgent windfall tax.

Euronews

Chalmers says latest Treasury modelling shows Australia’s inflation could reach 5%, as national cabinet meets on fuel

Australia’s inflation rate could peak in “the high 4s or even higher” this year, according to Treasury modelling, Treasurer Jim Chalmers says.

The Conversation

Moody's says a US recession is increasingly 'hard to avoid' amid Iran war

Moody’s Analytics model forecasts a 49% chance of a US recession in the next 12 months, the closest probability in years.

Euronews

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S&P Futures Climb as Oil Prices Retreat in Run-Up to Fed Rate Decision, U.S. PPI Data and Micron Earnings on Tap

March S&P 500 E-Mini futures (ESH26) are trending up +0.50% this morning as oil prices retreated, while investors awaited the Federal Reserve’s interest rate decision, crucial U.S. producer inflation data, and an earnings report from chip maker Micron.

Barchart

Ukraine accepts EU help to repair Druzhba pipeline

Ukraine has accepted European Union support to repair the Druzhba pipeline, which carries Russian crude oil to Hungary and Slovakia – a move aimed at defusing a dispute that has delayed a vital EU loan to Ukraine and the implementation of further sanctions on Russia.

Radio France Internationale

3 Yogic Steps From Bhagavad Gita to Overcome Stress & Anxiety

When faced with the hardest of all challenges in which he had to face his own family members during the Mahabharata war, Arjuna was taken over by panic and intense anxiety. Keeping his hands in a praying posture towards Lord Krishna, Arjuna said: “I am confused about my duty, and…

Times Life

Trump Accused of 'Stumbling Into War' With Iran as Global Oil Routes Face Disruption

Donald Trump's handling of the Iran conflict has led to soaring gas prices and political turmoil, raising questions about his strategic planning.

International Business Times UK

Fuel rations and no air con: south-east Asian nations race to conserve energy

Governments in countries heavily reliant on Middle Eastern oil introduce measures to shield public from soaring costs

The Guardian - UK

India and Pakistan-flagged vessels cross the Strait of Hormuz

IN FULL

The Independent UK

Indians forced ‘back in time’ to cooking with coal as Iran war gas shortages lead to long fuel queues

Households and small businesses are struggling as disruptions to oil and gas imports due to the Iran war expose India’s deep energy vulnerabilities. Namita Singh reports from Delhi

The Independent UK

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Euronews

Iran oil exports continue as tankers cross the Strait of Hormuz despite conflict

Dozens of ships are still navigating the Strait of Hormuz as Iran keeps oil flowing, despite continued attacks aimed at one of the world’s most critical trade routes.

The Guardian - UK

War in Middle East has ‘heightened the risks to the global economy’; markets in ‘panic mode’ as oil jumps and shares fall – as it happened

Rolling coverage of the latest economic and financial news

Evening Standard

FTSE 100 Live 18 March: Index extends run despite $100 oil, rates outlook in focus

An oil price above $100 a barrel has failed to prevent the FTSE 100 from posting fresh gains.

The Independent UK

Ukraine-Russia war latest: Putin’s aide says no part of Russia is safe after Kyiv hits base 800km from border

Moscow says Ukrainian attacks on infrastructure within Russia rose sharply in 2025

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The Independent UK

A new U.S. trade deal with Indonesia secures fossil fuels and access to critical minerals

A new trade pact between the United States and Indonesia binds the Southeast Asian nation’s resource wealth and energy future more closely to Washington’s strategic needs

The Independent UK

About 90 ships have crossed the Strait of Hormuz since war began. Here’s how

Most shipping traffic through the Strait of Hormuz, which supplies roughly one-fifth of the world’s crude oil, has been halted since early March

The Independent UK

Asian shares gain and oil slips back despite a barrage of attacks by Iran

Asia shares are mostly higher with benchmarks in Japan and South Korea sharply higher

The Times of India

Trump's 'take Cuba' threat: President Miguel Diaz-Canel guarantees 'unbreakable resistance' after 29-hour blackout

Cuban leader Miguel Diaz-Canel has proclaimed 'iron-clad determination' to stand firm against aggressive US posturing, referencing Donald Trump's latest comments on 'taking over Cuba.' This declaration comes amid a dire fuel and economic crisis for the island, made worse by US blockades on oil shipments.

The Times of India

'Was at his daughter’s house': Inside the strike that killed Iran security chief Ali Larijani

Ali Larijani, secretary of Iran’s Supreme National Security Council, was killed on Tuesday in a strike at his daughter’s home in the Pardis area, according to Iranian state media.

The Guardian - AU

Ukraine war briefing: Kyiv deploys 200 anti-drone experts to Middle East

Zelenskyy warns British MPs of drone technology advances and future attacks; UK readies for court battle with Russian billionaire Roman Abramovich. What we know on day 1,484

AAP

Aussie shares climb on steady oil price, rate outlook

A temporary lull in energy price pressures has sparked cautious optimism in equities, despite no end in sight for the Iran conflict or its impact on oil supply.

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