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The Latest Breaking News from Oil

Iran conflict creating ‘largest oil supply disruption in history’, says IEA

It came as oil prices lifted higher again on Thursday as Iran continued to strike key energy and shipping infrastructure in the Middle East.

Evening Standard

Explosive boats set fuel tankers ablaze in Gulf as Iran ramps up threats on global shipping

Iran continues to claim attacks on commercial ships and lay mines in an effort to squeeze international energy markets

The Independent UK

IEA Releases 400 Million Barrels from Reserves to Ease Energy Prices

The International Energy Agency released 400 million barrels of oil from reserves to stabilize global energy markets disrupted by the Strait of Hormuz crisis.

International Business Times

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Watch: Moment Iranian 'suicide boat' struck US-owned tanker

Iran's attack on the US-owned tanker 'Safesea Vishnu' near Basra has claimed the life of an Indian national, with 27 others rescued. This incident, occurring amidst escalating West Asia tensions, has led to the suspension of oil terminal operations in Iraq. India's External Affairs Ministry is prioritizing the welfare of…

The Times of India

Ditch dry, winter skin: 19 ways to supercharge your body care for spring, from head to toe

The great reset is here. Georgia Day rounds up the lotions and potions for your seasonal glow up

Evening Standard

Oil went over $100 again after the U.S. admitted it cannot control the Strait of Hormuz

Oil is trading like a meme stock, some analysts say.

Fortune

Save our soles! Cobblers on the 15 best ways to look after your shoes

Rotate your trainers, oil your leather footwear and use toe protectors – and whatever you do, don’t chuck your shoes in the washing machine

The Guardian - UK

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Stocks Slip Before the Open as Middle East Conflict Lifts Oil, U.S. Economic Data on Tap

March S&P 500 E-Mini futures (ESH26) are down -0.62%, and March Nasdaq 100 E-Mini futures (NQH26) are down -0.61% this morning as the escalating Middle East conflict pushes oil prices higher and weighs on risk appetite.

Barchart

Zelenskyy says Ukraine awaits White House sign-off on US drone production deal

Ukrainian President Volodymyr Zelenskyy says he is awaiting White House approval for a major drone production agreement proposed by Kyiv last year

The Independent UK

Shell CEO’s pay jumps 60% despite slump in profits at oil company

Campaigners say people unlikely to ‘look favourably’ on package for Wael Sawan, which rose to £13.8m in 2025

The Guardian - UK

Why Petrol Prices Haven’t Risen Despite $100 Oil

Fuel prices influence nearly every part of daily life. From daily commuting to the cost of groceries and transportation, even a small change at the petrol pump can affect the entire economy. Recently, global oil markets witnessed a dramatic shift as crude oil prices surged close to $100 per barrel,…

MyLifeXP

Iran escalation risks 'stagflation shock' for Europe, Commissioner Dombrovskis tells Euronews

EU economy chief says intensity and duration of the Iran war will define fallout of the crisis on Europe as global coalition agrees to the biggest release of oil reserves in history to stabilise energy market.

Euronews

Israel and the US are fighting Iran together. Are they on the same page though?

The differences between what Trump and Netanyahu want out of this war are starting to show and complicating how it will end

The Guardian - US

Oil prices are spiking — here's how I used Google Maps to find cheap gas near me

With gas prices on the rise, here's a quick way to use Google Maps to save money filling your tank.

Tom’s Guide

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Axios

Iranian oil squeeze tests Trump's war plans

"The Iranians f*cking around with the Strait makes him more dug in," a senior Trump official told Axios.

Axios

Trump's limited gas-price options on Iran

Nothing will approach normal until large-scale tanker traffic through the Strait of Hormuz resumes.

Evening Standard

Oil prices surge despite global action to boost reserves

Oil prices and financial markets remained under pressure after three more cargo vessels were hit in the Gulf.

Texas Observer

In Rural West Texas, Renewable Energy Brings a Windfall for Seniors

How officials in Crockett County are using wind investments to help older residents age in place

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Evening Standard

Over a barrel: what does the energy crisis caused by the Iran war mean for UK households?

With the flow of oil from the Middle East drying up and energy prices skyrocketing, the economic outlook is grim. Jonathan Prynn looks at the options facing Rachel Reeves and Keir Starmer

Whats Hot

Iran Allows Indian-Flagged Ships Safe Passage Through Strait of Hormuz

Iran has allowed Indian-flagged vessels to safely transit the strategically crucial Strait of Hormuz, even as maritime activity through the waterway has slowed significantly following recent United States and Israeli strikes on Iran. The development was reported by The Economic Times and comes amid rising concerns over the safety of…

Radio France Internationale

TotalEnergies caps petrol and diesel prices at French service stations

French energy giant TotalEnergies announced on Thursday it will cap petrol and diesel prices at its service stations in mainland France for the next three weeks, as oil prices surge amid the conflict in the Middle East.

The Independent UK

Oil prices soar again after two tankers struck off coast of Iraq

Oil prices have surged past $100 a barrel following suspected Iranian attacks on multiple fuel tankers in Iraqi waters. Iraqi oil ports have completely ceased operations, prompting other countries to move their vessels from the area as a precaution. Iran has claimed responsibility for hitting a Thai bulk carrier yesterday,…

Euronews

Newsletter: Oil prices spiral despite historic reserve release

Also in this newsletter: European Commissioner for the Economy Valdis Dombrovskis tells Europe Today that a prolonged and escalating war in the Middle East could mean a 'stagflationary shock' for Europe.

The Independent UK

Largest ever oil reserves released as Iran war fuels price rises

The Middle East conflict has seen oil prices surge as the flow of oil tankers has effectively stopped

The Guardian - UK

Middle East war creating ‘largest supply disruption in the history of oil markets’, as Brent crude hits $100 again – as it happened

Rolling coverage of the latest economic and financial news

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