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The Latest Breaking News from Oil

Ireland on ‘precipice of turning oil away’, Taoiseach warns as protests continue

Micheal Martin said the blockading of ports and a refinery by protesters was ‘unconscionable’.

Evening Standard

Irish army on standby as widespread fuel protests cause chaos across country

The Irish army remains on standby to help gardai remove blockades

The Independent UK

EU considering excessive profit taxes on oil and gas companies, foreign profits remain unclear

The European Commission is considering taxing windfall profits, similar to the mechanism applied in 2022 during the natural gas crisis. The plea came from five EU countries, which also called for the tax to be expanded to foreign profits dealing with fossil fuels.

Euronews

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Current price of oil as of April 10, 2026

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

Fortune

4 Grocery Categories Where Prices Are Stabilizing in 2026

Grocery receipts remain a source of anxiety for most families. The constant news coverage regarding food inflation creates a sense of financial doom. However, the economic data for 2026 tells a more nuanced story. While items like beef and coffee continue to surge in price, several major sections of the…

Grocery Coupon Guide

TotalEnergies closes key Saudi refinery after attacks

TotalEnergies has shut a major Saudi refinery after attacks, as Middle East disruptions force it to halt about 15% of its output.

Euronews

Cuba's President Fires Back at NBC Anchor Who Asked If He Would Resign: 'Do You Ask That Question to Trump?'

Cuban President Miguel Diaz-Canel discusses the country's energy crisis and US-Cuba relations in an exclusive interview with NBC News.

International Business Times UK

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US inflation soars in March as war on Iran drives economy into uncertainty

Prices were up 3.3% over the year, adding to the unpredictability that first came with Trump tariffs

The Guardian - US

Cotton Showing Strength on Friday Morning Trade

Cotton price action is up 8 to 30 points so far on Thursday. Futures closed out the Thursday rally with contracts up 80 to 159 points across most contracts. The outside markets are generally supportive, with the US dollar index was $0.325 lower at $98.600. Crude oil was back up...

Barchart

What can governments do when petrol prices rocket?

The price of oil has changed a lot in the last few weeks. There have been dips as well as peaks, but generally, since the the start of the US-Israeli attacks on Iran at the end of February, the black stuff has been getting more expensive.

The Conversation

3 Energy Stocks to Watch Now as LNG Demand Surges

Rising geopolitical tensions are driving LNG demand higher. Here are three energy stocks poised to benefit from surging U.S. LNG exports.

MarketBeat

Druzhba oil pipeline will be fixed this spring, Zelenskyy says

Ukraine’s president said the Druzhba pipeline, whose operational status remains tied to EU funding for Kyiv, will be fixed later this spring, with repair work under way.

Euronews

Blockades need to end, says minister as gardai arrive at Cork oil refinery

The escalation at Whitegate comes amid confusion over a Government meeting on Friday afternoon.

Evening Standard

Did Pete Hegseth just lay the groundwork for deploying US troops to Iran?

ANALYSIS: Donald Trump has struck a temporary ceasefire with Iran. But his top warmongerer-in-chief may have just laid out the permission structure for boots on the ground, writes John Bowden

The Independent UK

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The Independent UK

UAE oil chief accuses Iran of ‘weaponising’ Strait of Hormuz

IN FULL

Barchart

S&P Futures Waver With All Eyes on Key U.S. Inflation Data, U.S.-Iran Talks Awaited

June S&P 500 E-Mini futures (ESM26) are trending down -0.02% this morning, swinging between gains and losses as investors cautiously await key U.S. inflation data to gauge the impact of higher oil prices stemming from the Middle East conflict.

We Got This Covered

‘AMERICA IS BACK!’: The ceasefire isn’t even set yet and Trump is already spoiling for a new fight

He is itching to start shooting "bigger, and better, and stronger than anyone has ever seen before."

Euronews

Pakistan prepares to host US-Iran talks as ceasefire remains shaky

Islamabad is getting ready to host talks on Friday between the United States and Iran on a resolution to the war and the Strait of Hormuz, which remains at a standstill despite the ceasefire.

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Axios

How the Iran war could create a new global order in oil

Changes in the global market could keep oil prices higher and in the long term even shake the foundations of U.S. power.

The Independent UK

Fuel shortages likely ‘for some time’ and economic growth downgraded due to Iran war, IMF warns

IMF director warns of lasting economic damage around the world – even if the fragile ceasefire holds

International Business Times UK

Trump Says Iran Is Doing a 'Very Poor Job', 'That Is Not the Agreement We Have' Amid Strait of Hormuz Oil Tensions

Trump criticises Iran over Strait of Hormuz oil flow, saying it is 'doing a very poor job' amid fragile ceasefire and rising tensions.

The Independent UK

North Sea oil prices hit record high amid Strait of Hormuz row

It eclipses the previous record, set during the 2008 financial crisis

Evening Standard

North Sea oil price rises to record high amid tension over ceasefire

It came as President Donald Trump accused Iran of not abiding by the agreement to immediately open the Strait of Hormuz.

The Conversation

More Australian LNG to Singapore flagged as Albanese looks to strengthen oil supply chain

Increased exports of Australian LNG to Singapore are in prospect, after Prime Minister Anthony Albanese met his Singaporean counterpart Lawrence Wong in Friday talks to shore up Australia’s oil supply chain.

The Independent UK

Tehran accused of ‘weaponising’ Hormuz as oil gains ahead of US-Iran talks

Abu Dhabi’s oil chief says nearly 230 vessels sit loaded with crude and ready to sail

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