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The Latest Breaking News from Oil

Blue chips close lower amid US-Iran stalemate

For the week, the FTSE 100 fell 2.7%, the FTSE 250 also declined 2.7% and the AIM All-Share dipped 1.7%.

Evening Standard

Crude Oil Prices Slip on Hopes US-Iran Peace Talks to Resume

June WTI crude oil (CLM26 ) today is down -0.36 (-0.38%), and June RBOB gasoline (RBM26 ) is down -0.0073 (-0.22%). Crude oil and gasoline prices gave up early gains today and turned lower after Pakistan said a second round of US-Iran peace talks is expected. Optimism that the US...

Barchart

Stocks Rise on Intel’s Earnings and Possible Resumption of Iran Peace Talks

The S&P 500 Index ($SPX ) (SPY ) today is up +0.41%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.33%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.36%. June E-mini S&P futures (ESM26 ) are up +0.38%, and June E-mini Nasdaq futures...

Barchart

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High petrol prices are fuelling interest in EVs. Here’s how this could bring down electricity bills

With oil prices skyrocketing following the US and Israel’s bombing of Iran, and the subsequent closure of the Strait of Hormuz, motorists around the world have been looking for ways to save money.

The Conversation

‘The damage is done’: global oil crisis has changed fossil fuel industry for ever, IEA chief says

Exclusive: International Energy Agency’s Fatih Birol, the world’s leading energy economist, also says UK should largely forgo North Sea expansion

The Guardian - UK

Why investment in Caspian transit routes is crucial for energy security

As old energy routes buckle under the pressure of war and geopolitical disruption, governments and companies are converging on the Caspian region as the corridor that could keep Eurasia's energy flowing.

Euronews

Stocks Supported by Intel’s Blowout Earnings and Iran Peace Talk Optimism

The S&P 500 Index ($SPX ) (SPY ) today is up +0.27%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.10%. June E-mini S&P futures (ESM26 ) are up +0.20%, and June E-mini Nasdaq futures...

Barchart

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Man jailed for attempting to murder wife by pouring hot oil on her head

Raju Mollah, 50, has been sentenced to 26 years in prison for attempting to murder his wife in Birmingham. Mollah attacked his wife by pouring hot oil over her head and repeatedly striking her with a frying pan after asking her to make him an omelette. The victim suffered severe…

The Independent UK

Trump on the Strait of Hormuz Stuns Allies With 'I'm the One Who Kept It Closed' Amid Rising US-Iran War Tensions

Trump's claim over the Strait of Hormuz, saying 'I keep it close', fuels US-Iran tensions and raises concerns over control of the key oil route

International Business Times UK

What impact will soaring oil prices have on BP’s earnings?

The FTSE 100 firm said earlier this month it was heading for an ‘exceptional’ oil trading result in the first three months of the year.

Evening Standard

Current price of oil as of April 24, 2026

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

Fortune

Trump's surge in oil exports during Iran war will hit a ceiling

Infrastructure limits are likely to put a hard limit on how much more oil the U.S. can export.

Axios

Cotton Pulling Back Early on Friday

Cotton price action is down 45 to 70 points early on Friday. Futures resumed gains on the Thursday session, as contracts closed with 17 to 81 point gains. The US dollar index was 0.234 higher at $98.655. Crude oil was up another $4.04 to $97.00. Export Sales data showed a...

Barchart

First Thing: Microsoft and Meta cut thousands of staff as they bet big on AI

Meta to lay off 10% of its staff and Microsoft to offer retirement to 7% of US workforce. Plus, Iron Maiden at 50

The Guardian - UK

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Radio France Internationale

Algeria and Chad cement stategic partnership with raft of bilateral deals

Chad and Algeria have signed more than 30 agreements focusing heavily on economic cooperation in the energy sector, with Chadian president hailing a political will to move "from a traditional friendship to a new-generation strategic partnership".

The Guardian - UK

Tokyo workers encouraged to wear shorts to cut energy costs and keep cool

Officials hope more casual attire for public servants will save electricity during Iran war as summer heat approaches

The Guardian - UK

How frustration at Cop stalemates inspires first global talks on phasing out fossil fuels

‘Coalition of the willing’ gathers in Colombia to try to bypass petrostate blockages of Cop summits and chart fresh path

Barchart

Nasdaq Futures Rally on Upbeat Intel Earnings and Iran Talks Optimism

June Nasdaq 100 E-Mini futures (NQM26) are trending up +1.33% this morning as strong quarterly results and guidance from chipmaker Intel, along with optimism over potential U.S.-Iran talks, boosted sentiment.

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Euronews

Ranked: Which countries have had the worst fuel price spikes since the Iran war?

Europe is feeling the pinch after the blockage of the Strait of Hormuz, with stark differences between countries.

The Independent UK

Oil prices rise again as Iran-US standoff over Strait of Hormuz continues

IN FULL

Motorsport

Fatal Nurburgring accident: what happened to Juha Miettinen, and what comes next

Side-impact collision following oil spill proved fatal during 24h Qualifiers as investigation begins

The Independent UK

The US protected ships from Iran in the Strait of Hormuz in the ‘80s. Could it again?

The U.S. Navy has long been familiar with the small boat tactics deployed by Iran’s paramilitary Revolutionary Guard

International Business Times UK

Lufthansa Cancels 20,000 Flights to Conserve Fuel, Other Airlines Got Spooked as Well

Lufthansa cancels 20,000 short-haul flights amid a jet fuel crisis caused by the war in Iran, impacting airlines globally. Delta Air Lines remains unaffected due to its oil refinery ownership.

Fortune

Fuel shortages from the Iran war have spread to Europe, but the pain is hitting California and the West Coast as well—and help is years away

California’s refinery closures near Los Angeles and San Francisco are occurring just as the Iran war limits global supply.

The Times of India

CCTV captures chaos at Iran hospitals amid strikes; patients and staff seen scrambling

Surveillance footage reveals chaotic scenes in Tehran hospitals during air strikes, with medical staff urgently evacuating patients, including newborns carried in fruit baskets. The ongoing Iran conflict, sparked by Operation Epic Fury, has escalated tensions in the Persian Gulf, disrupting oil shipments and leading to naval confrontations.

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