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The Latest Breaking News from Oil

Iran War Is Driving Prices Up — But Companies May Be Quietly Pushing Them Higher

Discover the economic impact of the Iran conflict on US jet fuel prices, with a 95% surge affecting airlines, consumers, and boosting defense contractor profits. Learn how rising oil prices lead to fuel surcharges and increased costs across the supply chain.

International Business Times UK

11 best face oils to nourish and soften skin

From fragrance-free to scented, I’ve found lavish and lightweight buys for every budget

The Independent UK

Stocks Tumble and Crude Prices Jump on Fears of Iran War Escalation

The S&P 500 Index ($SPX ) (SPY ) today is down -0.63%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.66%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.78%. June E-mini S&P futures (ESM26 ) are down -0.60%, and June E-mini Nasdaq futures...

Barchart

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Fuel Crisis Hits Global Air Travel as Multiple Airlines Cancel Flights Over Iran War

Global jet fuel crunch forces flight cancellations, extra refuelling, and soaring prices, hitting Asia-Pacific airlines hardest amid Iran conflict

International Business Times UK

US-Israel launches fresh strikes on Kharg island — why this oil hub is vital for Iran

US-Israel targeted Kharg Island in a fresh wave of attacks on Tuesday, striking Iran’s key oil export hub as the conflict intensifies. Multiple explosions were reported on the island, with US officials indicating that military targets were hit, even as the strikes came just hours ahead of a deadline set…

The Times of India

Trump's 40-year-old Iran plot

"Take the oil" has always been the president's rallying cry

Salon

Using North Sea gas saved Britain billions last year, analysis shows amid calls for more drilling

Last week the government denied that Ed Miliband is expected to give the green light to the first major North Sea field project in almost 10 years

The Independent UK

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A Look At How Iranian Oil Exports Could Be Impacted If U.S. Escalates Attacks On Kharg Island

Smaller terminals such as Lavan, Sirri, and Jask cannot match Kharg's capacity. Estimates show Iran exports roughly 1–1.5 million barrels per day, and even a brief disruption could significantly cut supply.

International Business Times

Why Is a Prolonged Iran War Bearish for Nvidia Stock?

After Trump said that the U.S. plans to strike Iran "extremely hard" over the next 2-3 weeks, tech stocks like Nvidia sold off significantly. What is the rationale for this?

Barchart

Oil Futures Keep Rising, and Shorting Chevron Covered Calls and Cash-Secured Puts Works

Oil is now at a new high of $113.24 ahead of Trump's Tuesday evening Iran deal ultimatum. Chevron stock is higher, pushing up CVX put and call option premiums. That makes them worth shorting.

Barchart

BP shareholders advised to vote against chair over climate resolution exclusion

Glass Lewis says blocking of proposal to share company’s longer-term strategy at AGM raises transparency issues

The Guardian - UK

Current price of oil as of April 7, 2026

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

Fortune

Cotton Extending Gains to Tuesday Morning

Cotton price action is up 12 to 34 points so far on Tuesday AM trade. Futures posted 22 to 79 points across most contracts on Monday, with the front months leading the charge. The US dollar index was $0.025 lower at $99.830. Crude Oil was up $1.06 at $112.60. Crop...

Barchart

Iranian Revolutionary Says It Has Removed All 'Reservations' On Targets In The Region As War Continues To Escalate

The Iranian Islamic Revolutionary Guard Corps (IRGC) said it will deprive the U.S. and its allies of oil and gas "for years to come" if Washington crosses its "red lines."

International Business Times

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Kiplinger

War in the Middle East Spells Higher Inflation for U.S. Consumers

The economy can probably withstand the jump in fuel costs, but prices figure to rise faster, straining many budgets.

Euronews

Trump says 'whole civilisation will die tonight' if Iran ultimatum expires

Previously, the US president has warned that unless Tehran reopened the Strait of Hormuz, the US would unleash what he called the "complete demolition" of Iran's critical infrastructure overnight on Wednesday.

International Business Times

U.S. Conducts Attack On Kharg Island, Iran's Key Hub For Oil Exports, Official Says

A U.S. official said the country's military conducted strikes on Kharg Island, a key hub for Iranian oil exports, as the countries still fail to reach a deal ahead of President Donald Trump's deadline to strike other power plants and bridges.

The Independent UK

Zelenskyy offers an Easter pause on energy strikes as Russian drone kills 4 in bus strike

Ukrainian President Volodymyr Zelenskyy says Ukraine is proposing a pause in attacks on energy infrastructure over the Orthodox Easter holiday next weekend

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The Guardian - UK

First Thing: Israel tells Iranians their lives are at risk if they use trains as Trump deadline looms

Legal experts say an attack on civilian infrastructure would constitute a war crime. Plus, the US origins of Mexico’s toxic waste problem

The Independent UK

Gas prices are skyrocketing. This is the county with the most expensive average in America

Some Americans have reportedly started traveling 120 miles across state borders for cheaper gasoline

The Independent UK

Oil price soars as Trump’s Iran deadline looms over global markets

IN FULL

The Guardian - AU

Albanese to fly to Singapore to discuss fuel security as Australian petrol prices stop falling

Prime minister speaks with China in bid to shore up fuel shipments to Australia

International Business Times UK

Trump Threatens Iran Power Grid Strikes as Tuesday Deadline Nears, Says Each Plant Will Be 'Burning' and 'Exploding'

US President Trump warns Iran of imminent military strikes on key infrastructure if the Strait of Hormuz remains blocked, escalating tensions and affecting global oil markets.

The Independent UK

JP Morgan Chase head warns of unexpected global interest rate shocks as a result of Iran war

Jamie Dimon also appears to criticise Donald Trump for distancing the US from its allies

The Times of India

Saudi Arabia’s Al-Jubail oil facility hit; key industrial hub accounting for 7% of GDP impacted

Saudi Arabia said on Tuesday it intercepted and destroyed seven ballistic missiles launched toward the Kingdom’s Eastern Region, adding that assessments were under way to determine any damage.

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