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The Latest Breaking News from Oil

IEA approves largest-ever oil reserve release of 400m barrels amid Iran crisis

The 32-member International Energy Agency has unanimously agreed to release 400 million oil barrels from its global strategic reserves in an attempt to prevent supply disruptions and ease market fears caused by Iran war shortages.

Euronews

Trump administration brushed off dire warnings. Now, Americans are paying for that miscalculation

Advisers ignored warnings and here’s the fallout.

We Got This Covered

5 Safest Places To Keep Your Money During the Iran War

As uncertainty around the war grows, investors are seeking safety. See some of the safest investments to protect your money during geopolitical turmoil.

GOBankingRates

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read the most diverse news in one place.

War Rations

Plus: Pete Hegseth spends millions on lobster tail and rib-eye steak, oil prices go for another roller-coaster ride, no inflation increase, and more...

Reason

CMA to investigate heating oil suppliers over ‘blatant profiteering’ from Iran war

Competition watchdog says it will look into ‘concerning reports’ to see if they breach consumer protection laws

The Guardian - UK

Trump’s billionaire diplomacy seeks out best of refining tech

A landmark $300 billion energy deal sees India's Reliance Industries partnering with Donald Trump to build America's first new oil refinery in 50 years. This ambitious project, planned for Texas, leverages Reliance's world-class refining expertise to process American shale oil for export. The alliance, forged through years of dynastic diplomacy,…

The Times of India

Inflation held steady in February as consumers brace for energy spikes due to Iran war

Inflation and gas prices may increase as a result of the war

The Independent UK

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Current price of oil as of March 11, 2026

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

Fortune

Is Diamondback Energy Stock Outperforming the S&P 500?

Diamondback Energy has outperformed the S&P 500 over the past year, and analysts are highly optimistic about the stock’s prospects.

Barchart

‘Nothing off the table’ as Rachel Reeves considers ‘targeted support’ over energy costs

Chancellor does not rule out ditching planned fuel duty rise but tells MPs it is too early to gauge if consumers need extra help

The Guardian - UK

5 Signs Your Car’s Timing Belt Is About to Snap

An engine depends on perfect timing the same way a symphony depends on a conductor. Every valve opens at the exact moment it should, every piston moves in perfect rhythm, and everything stays beautifully synchronized—until the timing belt starts failing. When that belt snaps, chaos erupts inside the engine in…

Clever Dude

US inflation stayed flat at 2.4% in February before effects of war on Iran kicked in

Effect of war on prices not reflected in data, as Trump says only ‘fools’ would think oil price shocks would be significant

The Guardian - US

Soybeans Posting Double Digit Gains Early on Wednesday

Soybeans are trading with gains of 11 to 18 cents so far on Wednesday morning. Futures closed Tuesday with 5 to 7 cent gains across most contracts on Tuesday. Preliminary open interest rose 2,727 contracts on the day, mostly in the new crop. The cmdtyView national average Cash Bean price...

Barchart

Iran war has blocked the Strait of Hormuz, a vital oil chokepoint. Reopening it is a big challenge

Governments are working on plans to unblock vital oil chokepoint the Strait of Hormuz

The Independent UK

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The Independent UK

India rations cooking gas as Strait of Hormuz tensions choke supplies

Cooking gas shortages are already forcing eateries to close as industry bodies warn of widespread economic damage in a country that imports the bulk of its oil and gas. Namita Singh reports

The Guardian - UK

First Thing: US attacks Iran’s mine-laying boats in strait of Hormuz as tensions rise over oil

Iran’s IRGC has said it will not allow even ‘one litre’ to leave the region if US-Israeli attacks continue. Plus, how gen Z women are conquering country music

The Conversation

Oil isn’t just fuel: Iran conflict could disrupt markets for everything from plastics to fertilizers

Tensions in the Middle East often trigger concerns about rising gasoline prices. But disruptions to oil supplies could affect much more than the cost of filling up a car. That’s because crude oil is not only burned as fuel. It is also the raw material for thousands of products that…

International Business Times

Oil Market Volatility Eases After Initial Supply Shock From Iran Conflict

Oil prices eased after briefly surging above $100 as fears of major supply disruptions from the Iran conflict began to calm.

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news in one place.

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International Business Times UK

Global Oil Supply at Risk As US Navy Refuses to Escort Commercial Tankers Through Hormuz in Fear of Iranian Attacks

The US Navy has declined daily shipping requests for military escorts through the Strait of Hormuz, citing the risk of Iranian attacks as too high amid the ongoing conflict.

Evening Standard

Oil wars: West releases record 400 million barrels as Iran hits cargo ships in Strait of Hormuz

Meanwhile Tehran threatens to target banks and financial centres in Middle East as Chancellor Rachel Reeves issues warning on inflation and interest rates

The Independent UK

Germany, Austria say they'll release oil from reserves in response to 400 million barrel request

Germany and Austria say they are releasing parts of their oil reserves following an International Energy Agency request for its members to release 400 million barrels to help temper energy price spikes due to the Iran war

Fortune

Trump may claim the war is 'complete,' but Wall Street expects the Fed to stay hawkish on its effect long after the conflict has ended

Even if the war winds down around month-end, that's still enough time "to cause psychic damage to investors, consumers, and adversely affect economic data for the April release cycle in May," Macquarie economists warned.

Fortune

Iran’s new supreme leader is injured but reportedly ‘safe' as traders sour on war exit strategy

Sentiment sours on war exit strategy.

Barchart

Is Halliburton Stock Outperforming the Nasdaq?

Halliburton has surged past the Nasdaq Composite's gains over the past year, and analysts remain moderately optimistic about the stock’s future.

The Independent UK

Rachel Reeves admits Middle East conflict ‘certainly not good’ for economy

The Chancellor indicated the government could intervene on energy costs if the conflict spiralled

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