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The Latest Breaking News from Oil

Qatar gas hub hit by missile, fire erupts at key LNG facility: Ras Laffan attack shakes global energy markets amid Iran vs US-Israel war

A missile attack on Qatar's vital gas facility, a shared energy lifeline with Iran, has triggered a fire and damage, escalating the ongoing Iran vs US–Israel war. This strike targets critical global energy infrastructure, raising fears of widespread supply disruptions and economic instability. The incident marks a dangerous shift towards…

The Times of India

Dow Slides 768 Points on Inflation Fears: Stock Market Today

Nobody knows what's going to happen in the Middle East, including the White House and the Federal Reserve.

Kiplinger

Dollar Gains on Weak Stocks and Hawkish Fed

The dollar index (DXY00 ) on Wednesday rose by +0.51%. The dollar recovered from early losses today and turned higher after US Feb producer prices rose more than expected, a hawkish factor for Fed policy. Also, signs of escalation in the Iran war knocked stocks lower and boosted liquidity demand...

Barchart

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3 Boring Infrastructure Stocks That Could Beat the Market in 2026

These 3 Canadian infrastructure stocks offer steady cash flow, dividends, and upside potential to outperform the market in 2026

MarketBeat

Middle East war: why tit-for-tat attacks on gasfields are a major escalation

Strikes on South Pars and Ras Laffan are first time fossil fuel energy production facilities have been hit. Why is it significant?

The Guardian - UK

Fed keeps rates on hold, Powell says he will remain in place until successor confirmed

The Iran war's oil shock is creating uncertainty for Fed policymakers.

Axios

Crude Oil Prices Rise as Iran Threatens Attacks on Middle Eastern Energy Infrastructure

April WTI crude oil (CLJ26 ) on Wednesday closed up +0.11 (+0.11%), and April RBOB gasoline (RBJ26 ) closed down -0.0249 (-0.80%). Crude oil and gasoline prices fell back from sharp gains and settled mixed on Wednesday. Energy prices initially rallied sharply on Wednesday, with gasoline soaring to a 3.5-year...

Barchart

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Analysts Say Venezuelan Oil Can't Offset The Disruption From The Iran War Crisis: 'It's a Math Problem'

Saudi Arabia and the United Arab Emirates have rerouted some exports through pipelines that bypass Hormuz, but analysts estimate about 14 million barrels per day remain blocked

Latin Times

Lindsey Graham tells Trump there’s ‘no reason’ to invade Iran, but then immediately demands he seize a crucial Iranian territory

He believes it can seal the fate of this war.

We Got This Covered

Vance warns Americans of ‘rough road ahead’ as gas prices soar but promises it’s a ‘temporary blip’

Vance’s remarks come as cost of gas in the U.S. continues to rise due to Iran’s closure of the Strait of Hormuz

The Independent UK

Goldman Sachs Just Issued a New Warning on the U.S. Economy — And It’s Not Just About Oil

The leading investment bank has cut its growth forecast and raised the probability of recession. That means some tough decisions ahead for the Federal Reserve.

Barchart

U.S. Eases Sanctions and Lets Companies Do Business With Venezuelan State-Owned Oil Company As Global Prices Surge Due To Iran War

It allows companies that existed before Jan. 29, 2025, to buy Venezuelan oil and engage in transactions that would normally be banned under U.S. sanctions, allowing Venezuela to reenter global markets.

Latin Times

Cold, damp and mouldy housing thought to be behind 40,000 hospital admissions as UK faces fresh cost of living crisis

Campaigners warn that the current oil and gas crisis is especially concerning in light of the link between poor housing conditions and serious illness

The Independent UK

US-Iran war Day 19 highlights: Mojtaba Khamenei releases rare revenge message, strikes hit airports and energy sites

Iran vows revenge after top security officials were killed in Israeli strikes, escalating the 19-day conflict. Energy infrastructure is hit, oil prices surge, and the war expands regionally with attacks in Saudi Arabia and the UAE. US intelligence notes Iran's government remains intact despite leadership losses, while global powers discuss…

The Times of India

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Evening Standard

FTSE 100 closes lower as Iran war sends price of oil rocketing

The index closed down 98.31 points, 0.9%, at 10,305.29.

Barchart

Cotton Mixed at Midday

Cotton futures are down 6 points to 9 points higher on Wednesday. Crude oil is back up $1.58 to $97.79, with the US dollar index up $0.270 to $99.610. The Seam showed sales on 15,400 bales on 3/17, averaging 64.28 cents/lb. The Cotlook A Index was up 230 points on...

The Guardian - UK

Iran threatens Gulf energy facilities after Israeli attack on its largest gasfield

Revolutionary Guards say they will strike infrastructure in Saudi Arabia, UAE and Qatar after South Pars field hit

The Times of India

What is Jones Act? Trump waives 100-year-old shipping law for 60 days amid Iran war to ease fuel prices

US President Donald Trump has announced a temporary 60-day waiver of the century-old Jones Act, a move aimed at easing rising energy prices as global oil markets remain volatile due to escalating tensions involving Iran.

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Axios

Higher energy prices might eat your tax refund, economists say

New calculations from the Stanford Institute for Economic Policy Research suggest higher tax refunds will be offset by higher prices for crude oil and refined oil products.

The Conversation

The UK’s high electricity prices are here to stay. But could they offer an opportunity?

Four years after Russia’s invasion of Ukraine, the world is bracing for another energy crisis. The US-Israel bombing of Iran and then the blockade of the strait of Hormuz have forced up the price of oil. The price of natural gas in Europe has also risen sharply.

Barchart

Crude Oil Jumps as Iran Said it Will Target Middle Eastern Oil Infrastructure

April WTI crude oil (CLJ26 ) today is up +2.83 (+2.94%), and April RBOB gasoline (RBJ26 ) is up +0.0907 (+2.90%). Crude oil and gasoline prices recovered from early losses and are sharply higher, with gasoline soaring to a 3.5-year high. Escalation of the Iran war is pushing energy prices...

International Business Times UK

Global Economy at Tipping Point as Iran War Oil Surge Sparks Financial Crisis Fears

Economists warn the Iran war oil surge could slow US growth and drive inflation, with ripple effects across food, energy and global markets. Fears of a wider economic crisis are growing.

The Independent UK

What is the Jones Act? Trump issues 60-day waiver of century-old law amid Iran war

The law, passed in 1920, aims to protect the American shipping sector

Euronews

Oil surges to $110 a barrel after Israel strikes Iran's energy facilities

Brent crude oil prices surged to $110 a barrel after Israel attacked the largest gas plant and another oil facility in Iran. The Islamic Revolutionary Guard Corps of Iran (IRGC) reacted by announcing that some Gulf energy sites are "legitimate targets".

Fortune

Oil prices hit nearly $110 as Iran vows to escalate the war in ‘new ways’

Israel attacked the world’s largest natural gas field in a coordinated attack with the U.S.

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