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The Latest Breaking News from Oil

Oil prices soar past $110 while Dow futures sink 1,000 points as Iran war spirals into worst-case fears and U.S. eyes Special Forces mission

Prices at the pump are likely to top $4 a gallon now that oil has surged past $100 a barrel for the first time since 2022.

Fortune

Oil price soars above $100 a barrel amid Iran war

IN FULL

The Independent UK

'You're right to worry about your bills and jobs,' Starmer tells UK as oil tops $110 a barrel in Trump war

The US and Israeli attacks on Tehran have already sparked rises in the cost of oil, higher mortgage rates and hit stock markets

Evening Standard

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Crude oil prices surpass $100 a barrel as the Iran war impedes production and shipping

Oil prices have jumped past $100 a barrel as the Iran war disrupts oil production and shipping in the Middle East

The Independent UK

US stock markets close on high after Iran war drove oil prices above $100 a barrel

Markets settled after Trump claimed US-Israel war with Iran is ‘very complete’, bringing oil prices down to $85 a barrel

The Guardian - US

Scoop: U.S. dismayed by Israel's Iran fuel strikes, sources say

The U.S. message to Israel was "WTF."

Axios

Morning Mail: Israel warns it will target Iran’s next supreme leader; outsourced call centre faces accusations; alarm over NSW child blood lead testing

Airstrikes pummel Iran’s oil depots; call centre operator accused of sweeping privacy breaches ‘under the rug’

The Guardian - AU

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'A Good Thing' — Leavitt Defends Spiking Gas Prices on Fox News Even as Brent Crude Hits $84 a Barrel

White House press secretary Karoline Leavitt defends rising petrol prices in the US, citing the Iran conflict as a temporary disruption for long-term energy market benefits

International Business Times UK

If you try one product, make it this science-backed scent that de-fogged my brain in seconds

This botanical oil powered me through jet lag and late-season lurgy

Woman & Home

Tehran blanketed in smoke after Israel hits fuel storage sites

IN FULL

The Independent UK

‘Dark, like our future’: Iranians describe scenes of catastrophe after Tehran’s oil depots bombed

Residents report terror of smoke-filled city, from potentially toxic rain, air and water to food scarcity and difficulty of escape

The Guardian - UK

'The Rain Is Black… I Can't Believe It' — Tehran Residents Wake to Oil-Tainted Skies After Israeli Strikes on Fuel Storage Sites

Israeli airstrikes on oil depots in Tehran have left the city in darkness, with black rain and toxic fallout affecting residents.

International Business Times UK

Schumer calls on Trump to release oil from reserve to lower gas prices

Republicans have been slow to embrace the idea.

Axios

'Nightmare scenario' looms as global markets head for the biggest oil output disruption in history, top energy guru warns

“The fear? That this will result in skyrocketing energy prices that send the world economy plummeting into a deep recession.”

Fortune

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AAP

Minister tight-lipped on Middle East military request

Australia is considering whether to send resources to the Middle East to protect against Iranian attacks, but officials are yet to reveal key details.

The Guardian - US

US energy chief says spike in gas prices will fall ‘before too long’ amid Iran war

Chris Wright says price increase would last weeks, not months, and that US would not target Iran’s energy industry

International Business Times UK

Tehran Oil Depots on Fire After Israel Launches First Strike on Iran's Energy Sector

Israeli strikes on Tehran's oil facilities mark a significant escalation in the ongoing conflict, with potential global implications.

Axios

Trump's energy chief blames oil price spike on market fear

Gas is up 47 cents a gallon in one week.

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news in one place.

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Woman & Home

3 quick and easy pasta dinners - including a creamy vodka sauce our food experts swear by

When in doubt, think pasta - these easy recipes use cupboard staples and budget friendly ingredients for hearty dinners everyone will love

The Independent UK

Iran war ‘could bring down global economy’ after warning oil could reach $150 a barrel

The bombing of Iranian oil depots, retaliatory strikes across the Gulf and disruption in the Strait of Hormuz is hiking prices, prompting warnings oil could reach $150 a barrel and a gas shortfall in Britain

The Times of India

Distant war, a regional shockwave: How Middle East crisis is making life difficult in Bangladesh and Pakistan

Escalating West Asian conflict triggers economic fallout in South Asia, with Bangladesh implementing fuel rationing amid panic buying and Pakistan facing shortages and price hikes. Border trade disruptions in Balochistan exacerbate the crisis, impacting essential commodity supplies and livelihoods.

The Independent UK

Tehran engulfed in thick black smoke after heavy wave of US-Israeli strikes on oil depots

Strikes on oil storage facilities lit up the night sky with plumes of orange flame

The Independent UK

Dark smoke fills Tehran sky after Israeli strikes on oil sites

Tehran’s skyline became blanketed by billows of heavy smoke on Sunday (8 March) following Israeli strikes at oil storage facilities and refineries.

The Guardian - UK

How to make salt and pepper squid – recipe

A real seafood treat – crisp, savoury, aromatic – ready in less than half an hour and in just a few simple steps

Barchart

If Oil Is at a Peak, Does Shorting Chevron Puts and Calls Make Sense?

Covered calls at the $200 strike for Chevron stock, 5.3% higher, yields 2.1% in one month. Moreover, the 10% higher CVX call strike price yields 1.0% over one month. It may make sense for investors to short OTM puts and calls.

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