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The Latest Breaking News from Oil

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.

The Independent UK

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.

International Business Times

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...

Barchart

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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

Fortune

Is U.S. Natural Gas Entering a New Era?

The wars in Ukraine and Iran have changed the global natural gas market. The U.S. was the top natural gas exporter in 2025, and exports are likely to continue increasing in the coming years.

Barchart

Markets keep the faith – but oil staying above $100 could test that optimism

FTSE 100’s modest retreat suggests investors underestimating inflationary impact if energy prices remain elevated

The Guardian - UK

2 Top-Rated Consumer Staples Stocks to Buy to Protect Your Portfolio From an Oil Price Shock

With global uncertainty rising, investors could snag these two top-rated consumer staples names that offer a blend of stability, income, and defensive strength.

Barchart

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Iran says it will show ‘zero restraint’ if energy infrastructure is targeted again

Foreign minister issues warning after Israeli attack on South Pars gasfield, as Qatar reels from retaliatory strike

The Guardian - UK

The targeting of key Gulf energy infrastructure raises the risk of long-term disruption

Escalating attacks on key oil and gas facilities in the Persian Gulf have increased the risk of an extended bout of higher prices for everything from gasoline and electricity to computer chips and food

The Independent UK

Trump on Iran: ‘I’m not putting troops anywhere’ but ‘If I were, I certainly wouldn’t tell you’

Oil prices have spiked following multiple attacks on petroleum infrastructure by Iran and Israel

The Independent UK

Targeting of energy facilities turned Iran war into worst-case scenario for Gulf states

The U.S.-Israeli military campaign against Iran took a dangerous turn on March 18, 2026, with tit-for-tat strikes on critical energy infrastructure that amount to the most serious regional escalation since the conflict began.

The Conversation

Stocks close down as oil rises and gold retreats

The FTSE 100 index closed down 241.79 points, 2.4%, at 10,063.50.

Evening Standard

Soybeans Posting Midday Gains as Meal Rallies

Soybeans are trading with 5 to 7 cent gains so far on Thursday. The cmdtyView national average Cash Bean price is up 5 ¾ ents at $10.93 1/2. Soymeal futures are $11 to $13.20 higher on the day, with Soy Oil futures 6 points lower. The weekly Export Sales report...

Barchart

Cotton Showing Weakness on Thursday

Cotton futures are trading with losses of 57 to 95 points on Thursday’s midday. Crude oil is up $2.73 to $99.05, with the US dollar index down $0.393 to $99.480. The Export Sales report from Thursday morning showed a total of 196,691 RB of cotton sold in the week of...

Barchart

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Kiplinger

10 States With the Highest Gas Tax in 2026 and What You Pay Per Gallon

Fuel costs are climbing nationwide. Here’s where drivers are paying the highest taxes per gallon and why gas prices are going up now

Axios

White House says it's not planning oil or gas export restrictions

Restricting exports would represent a sea change after years of expanding shipments.

Euronews

Russia pocketing billions from two weeks of war in Iran, data shows

Moscow's fossil fuel earnings hit €7.7 billion in the two weeks after joint US-Israeli strikes triggered the war in Iran, as the ongoing conflict has sent global oil prices skyrocketing and led the US to ease Russian sanctions.

Axios

The U.S. weighs lifting Iranian oil sanctions to keep price in check

Treasury Secretary Scott Bessent says that the U.S. may unsanction Iranian oil on the water.

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Barchart

An Oil Shock, $2 Billion, and 133% Gains: 1 Energy Stock to Watch Now

TechnipFMC (FTI) hit new all-time highs earlier in March 2026. Shares are up more than 130% over the past 52 weeks. FTI maintains a 100% “Buy” technical opinion from Barchart and has strong technical momentum. Consensus analyst ratings are overwhelmingly positive, with multiple “Strong Buy” calls and price targets up...

The Conversation

Palm oil, cocoa, coffee… who’s going to tend to tomorrow’s large tropical plantations?

Palm oil plantations, for one, are increasingly struggling with the sector’s declining attractiveness, which has hardly changed since the colonial era.

Barchart

Goldman Sachs: Every $10 Jump in Oil Could Add 0.3% to U.S. Inflation

Thanks to the ongoing war in Iran and its affect on oil prices, Goldman Sachs has warned investors to brace for a wider economic shift. That shift is going to start with a painful rise in inflation.

The Guardian - UK

‘Doomsday scenario’: a visual guide to the oil and gas site attacks in the Middle East

Attacks on facilities by both sides in the conflict this week threaten grave consequences for the global economy

Fortune

Fed Chair Jerome Powell says U.S. economy is ‘amazing’—but admits ‘we just don’t know’ as inflation, jobs, and oil shocks cloud the outlook

Jerome Powell said “don’t know” 17 times during the conference as he praised the economy’s resilience—but flagged rising inflation, stalled job growth, and an unpredictable oil shock from Iran.

The Independent UK

Why $138 is the key mark for oil prices and what it means for the future of the US economy

Analysts are keeping a close eye on the developments in the Middle East amid President Donald Trump’s war on Iran, and are paying particular attention to oil prices

Barchart

Crude Oil Prices Strengthen as Iran Escalates Attacks on Energy Infrastructure

April WTI crude oil (CLJ26 ) today is up +1.04 (+1.08%), and April RBOB gasoline (RBJ26 ) is up +0.0425 (+1.37%). Crude oil and gasoline prices are moving higher today, with gasoline climbing to a 3.5-year high. Escalation of the Iran war is pushing energy prices higher as Iran escalates...

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