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The Latest Breaking News from Oil

First Thing: US supreme court ‘demolishes’ Voting Rights Act

Ruling has gutted provision intended to prevent racial discrimination in voting. Plus, oil tops $126 a barrel to reach highest level since 2022

The Guardian - UK

Thousands more Britons install solar panels as Iran war sends fossil fuel prices soaring sky-high

The total number of solar arrays across the UK has now reached two million

The Independent UK

Solar panel installations surge to pass two million across UK for first time

Ed Miliband says rising interest in solar helps families weather energy shocks and bring down bills.

Evening Standard

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read the most diverse news in one place.

UK interest rates held – but Bank of England warns inflation could surge above 6%

The bank rate has been held at this level since 22 December 2025

The Independent UK

Nations move fossil fuel debate from pledges to strategies in Colombia

The world’s first conference on phasing out fossil fuels has ended in Colombia with delegates from 56 countries declaring that the global debate has shifted from whether to stop using oil, gas and coal to how to do it. Debt and financing remain major obstacles.

Radio France Internationale

Trump Pays Energy Firms £1.4B in Taxpayer Cash on Condition They Pivot from Clean Energy to Oil and Gas

The Trump administration paid energy companies nearly £1.4B to abandon offshore wind projects and invest in fossil fuels, following court blocks on executive orders against wind development.

International Business Times UK

The global economy has a month—eight weeks at most—to avoid a recession, warns top economist

“The irony in all this is that the U.S., which started the war, does better in relative terms than anybody else because of its energy supplies.”

Fortune

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‘Time to move forward, or be left behind’: Colombia climate talks end with fossil fuel phaseout push

Europe dominated the Santa Marta fossil fuel summit. Here are the key takeaways.

Euronews

‘Historic breakthrough’: Colombia climate talks end with hopes raised for fossil fuel phaseout

Nearly 60 countries back voluntary roadmaps to wean world off coal, oil and gas, at conference prompted by frustration with UN climate summits

The Guardian - UK

Eurozone inflation hits 3% as oil prices spike and economic growth slows

Soaring oil prices linked to the Iran war pushed inflation higher in the euro area in April, while growth continued to underperform — a worrying combination for both consumers and policymakers at the European Central Bank.

Euronews

High gas prices eating into Texans’ budgets, fueling inflation

The average price for a gallon of gas in Texas has risen from $2.55 in early February to $3.78 at the end of April.

The Texas Tribune

How Iran’s mosquito fleet is skirting Trump’s Strait of Hormuz blockade

Iranian ‘fast attack ships’ reduce the need for a traditional navy to control the vital waterway

The Independent UK

Cost of Iran oil crisis on millions of UK drivers reaches ‘unwelcome milestone’

New analysis shows motorists have been paying an additional half a billion pounds for petrol and £1.5bn for diesel

The Independent UK

Inflation hits 3% in Europe as Iran war spreads oil price shock

Soaring oil prices from the Iran war pushed inflation higher to 3% in Europe in April

The Independent UK

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The Independent UK

‘Silky soft and well conditioned’: The 11 Olaplex products I recommend as a beauty expert

From cult classics to newer launches, these are the Olaplex products that truly deliver on shine, strength and long-term repair…

International Business Times UK

Onder Albayram Fish Oil Raises Alarm as Study Links EPA Supplements to Tau Buildup Following Repeated Head Injuries

A new study in Cell Reports suggests EPA in fish oil may affect brain repair and Alzheimer's-related proteins, with implications for brain health and those with repeated traumatic brain injuries.

Fortune

The Strait of Hormuz is a data problem, not just a military one

GPS jamming, zombie ship IDs, and AIS blackouts have turned the world's most important oil corridor into a data void—and the real threat to global markets.

Euronews

Oil temporarily hits $126 wartime high as US–Iran standoff fuels supply fears

Oil markets face upward pressure on Thursday, with Brent crude briefly touching $126 as markets price in tensions in the negotiations between the US and Iran.

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International Business Times UK

Japanese Airlines Hike North American and European Flights by $350 — Why?

Japanese airlines are increasing fuel surcharges on long-haul flights as rising oil prices push travel costs higher for passengers worldwide.

The Times of India

UAE announces petrol, diesel prices for May 2026 as fuel rates jump by up to 10% across Emirates

UAE motorists will face higher fuel costs in May 2026 as petrol prices see another significant increase. This marks the third consecutive monthly hike, driven by global oil market instability and geopolitical tensions. The latest revisions mean higher expenses for daily commutes and businesses reliant on transportation.

Evening Standard

Oil prices race to highest level since 2022 over fears of Iran war escalation

The cost of benchmark Brent crude soared past 126 US dollars (£94) a barrel at one stage on reports the US is preparing to relaunch strikes on Iran.

Euronews

Smoke rises over Russia’s Tuapse after Ukrainian drone strikes hit oil refinery

Plumes of black smoke rise over the southern Russian town of Tuapse after multiple Ukrainian drone strikes on a major oil refinery in the coastal area.

The Times of India

'Strait of Trump': US President shares new map naming Hormuz after himself, says blockade could last months

US President Donald Trump shared a modified map renaming the Strait of Hormuz as the "Strait of Trump," following claims that a naval blockade against Iran could last for months. This development occurs as Iran rejects US claims about economic damage and criticizes the blockade strategy, with its parliament speaker…

International Business Times UK

Katie Price Sparks Backlash After Promoting CBD in Dubai — Despite UAE Ban on Cannabis Products

Katie Price faces criticism for promoting CBD oil in Dubai, where cannabis-derived substances are strictly regulated. The online reaction highlights legal concerns and influencer responsibilities.

The Guardian - UK

Revealed: British ad firm’s billion-dollar greenwash of US oil industry

London-based WPP accused of breaching climate policy after report reveals firm linked to twice as much oil advertising as US rivals

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