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The Latest Breaking News from Oil

Bahrain Declares Force Majeure on Oil Shipments After Iranian Strike Triggers Refinery Fire

Bahrain’s state-owned oil company Bahrain Petroleum Company (Bapco) on Monday declared force majeure on its oil shipments after a strike blamed on Iran ignited a fire at a major oil facility, intensifying tensions across the Gulf’s critical energy corridor.

Whats Hot

Did Israel surprise US with strikes on Iran oil depots? White House reportedly sent 'WTF' message

The White House expressed surprise and disapproval after Israel struck Iranian oil facilities, a move not anticipated by the Trump administration. Officials feared the attacks could rally Iranians, boost oil prices, and negatively impact global energy markets. While Israel stated the depots supplied the regime, Washington conveyed strong disagreement, with…

The Times of India

Trump gives a four-word response as oil prices sky rocket

IN FULL

The Independent UK

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‘We are being tested’, Eurogroup president says as oil rises above $100

In an interview with Euronews' flagship show Europe Today, the president of the Eurogroup, Kyriakos Pierrakakis, stated that the EU is being tested and ministers are quite concerned about the events unfolding as oil currently sits above $100 and the Iran war continues to disrupt energy markets.

Euronews

Oil prices latest: Reeves ready to support release of reserves and issues inflation warning over US-Iran war

Price of oil has surged since US and Israel launched airstrikes towards Iran 10 days ago

The Independent UK

India Urges Dialogue as Middle East Conflict Escalates; Jaishankar Raises Oil Supply Concerns

India has called for restraint and diplomatic engagement amid the rapidly escalating conflict in West Asia, with External Affairs Minister S. Jaishankar stressing that dialogue remains the only path to de-escalation.

Whats Hot

Oil prices race above 100 dollars a barrel as Iran conflict escalates

Brent crude soared by 17% to more than 108 dollars a barrel, having at one stage reached nearly 120 dollars a barrel for the first time since 2022.

Evening Standard

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Starmer acknowledges concerns as Iran war threatens to impact cost of living

Sir Keir Starmer said: ‘No matter the headwinds, supporting working people and their families with the cost of living is always top of my mind.’

Evening Standard

G7 ready to take ‘necessary measures’ over economic impact of Iran war

Finance ministers monitoring situation but stop short of agreeing to release emergency oil reserves

The Guardian - UK

Stock Market Opens in Deep Red as Middle East Conflict Escalates; Nifty Falls Below 24,000

Indian stock markets started the week on a sharply negative note as escalating tensions in the Middle East triggered widespread selling across global markets.

Whats Hot

Epstein Files Interest Crashes 95% as War Escalation Dominates Global Attention

Interest in the Jeffrey Epstein files has dropped by 95% following US and Israeli military strikes on Iran, shifting public focus to geopolitical turmoil

International Business Times UK

Soaring global oil prices spark rationing and unrest in South Asia

IN FULL

The Independent UK

Trump's war in Iran sends oil prices spiralling above $100

Stock markets set to open lower again after further sharp rise in oil price

Evening Standard

Newsletter: Oil prices surge, stocks slide as Iran war spirals further

Also in this newsletter: Eurogroup President Kyriakos Pierrakakis tells Europe Today the EU economy is being "tested" amid the Middle East war, but is "better prepared" following the 2022 energy crisis.

Euronews

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International Business Times UK

Oil Prices Surge Past $100 a Barrel as Dow Futures Crash 900 Points — What It Means for Your Grocery Bill, Petrol, and Savings

How the recent surge in oil prices above $100 a barrel impacts your petrol costs, grocery bills, and household budget in the US, UK, and globally. Learn about the economic ripple effects and market reactions.

Evening Standard

FTSE 100 Live 09 March: Markets slump as oil price tops $100, inflation fears mount

Global stock markets are deep in the red after the Brent Crude oil price this morning soared as high as $119 a barrel.

The Guardian - UK

Rachel Reeves warns fuel retailers not to make ‘excess profits’ from oil crisis; G7 ‘stands ready’ to release crude reserves – as it happens

Finance ministers from G7 countries resist pressure to release emergency oil stocks at video call today

International Business Times UK

Oil Prices Prediction Sparks Panic as Crude Hits Over $100 per Barrel: Could It Surge Past $200 This Month?

Oil prices have surged past $100 per barrel, raising questions about a potential rise to $200. Explore the factors driving this volatility and its impact on global markets.

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news in one place.

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The Times of India

Bahrain's Bapco declares force majeure after Iran strikes its largest oil facility: What it means

Bahrain's state oil company declared force majeure on shipments after Iranian strikes ignited a fire at its largest oil facility. The attack, which caused material damage but no casualties, escalates regional tensions and disrupts vital energy corridors. This development follows a series of strikes on energy installations amid the widening…

International Business Times UK

Oil Prices Hit $100 as Middle East War Threatens 20% of World Oil Supply

Crude oil prices hit $110 amid Middle East tensions, risking a global energy crisis. Discover how market volatility impacts global economies and energy supplies.

Fortune

Oil worries and Iran war hammer Asian stocks, with Korea's KOSPI taking the biggest hit

Still, analysts see the selling as a "knee-jerk risk-off market reaction."

International Business Times UK

March 2026 Mortgage Rates Near 6%, 15‑Year at 5.50% as Iran War and Job Losses Shake Market — Should You Lock In?

Learn how rising oil prices and job losses are pushing mortgage rates to 5.98%. Decide whether to lock in before the Federal Reserve's March meeting. Stay updated with the latest economic insights.

Evening Standard

Iran war LIVE: 'Get out of southeast Turkey,' Americans told as Middle East conflict spirals

Global markets gripped by panic on Monday as fears mount over the economic impact of Trump’s war on Iran

The Independent UK

Oil crosses $100 mark amid Iran war as violence erupts at petrol stations in South Asia

Surge in energy prices causing rationing and closure of petrol pumps in import-dependent South Asia

The Guardian - AU

Why has the Iran war sparked fears of stagflation for the global economy?

Conflict in the Middle East risks knocking growth worldwide and boosting prices, economists warn, amid global market turbulence

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