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The Latest Breaking News from Oil

Households on heating oil already grappling with soaring prices

The problem is particularly acute in Northern Ireland, where 62.5% of homes rely on it, compared to the UK average of just over 5%.

Evening Standard

European markets lost ground as oil prices climb further amid new Iran attacks

European stock markets lost their enthusiasm by the early afternoon following a positive trend in the first half of the trading lead by strong performances in Asia. Meanwhile, oil prices are rising further.

Euronews

Turkey fears it will pick up the bill for Washington's war in Iran

Turkish President Recep Tayyip Erdogan is intensifying diplomatic efforts to end the Iran war after an Iranian missile was shot down approaching Turkey. The country worries it could be among those most affected by the conflict, as rising oil prices threaten the nation’s fragile economy and a potential Iranian refugee…

Radio France Internationale

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The US-Iran war has divided Europe, leaving Spain in a critical position

The impacts of the joint US-Israeli operation against Iran, which began on February 28, will be felt globally in ways that we cannot yet foresee. Financial markets are reacting negatively to the offensive, and the price of Brent crude oil has risen by 25% since the attack began.

The Conversation

‘Outrageous’ fuel price hikes in Ireland amid Middle East conflict, Dail told

Reports of dramatic increases to fuel costs, such as home heating oil and motor fuel, have been sent to TDs.

Evening Standard

Cotton Steady to Kick Off Thursday Trade

Cotton price action is holding near unchanged on Thursday morning. Futures were up 10 to 15 points in the front months on Wednesday. The outside markets provided some support, as crude oil was up $1.54 on the day to $76.10. The US dollar index was back down $0.231 at $98.775....

Barchart

Asia faces an energy shock from the Iran war and a closed Strait of Hormuz, as governments halt exports and draw down stockpiles

Asian countries like China, Korea and Japan have tried to diversify their energy imports, yet they still depend on oil and gas from the Middle East.

Fortune

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The country that will benefit the most from Trump’s war on Iran? Russia

ANALYSIS : As India and China scramble to replace blocked Gulf oil, analysts tell Stuti Mishra the ultimate beneficiaries of this war are clear

The Independent UK

Ministers discuss ways to offset energy price surges caused by Iran war

Government’s claim to have lowered bills in jeopardy as households face £160 rise caused by soaring oil and gas prices

The Guardian - UK

Voices: ‘A wrong and broken system’: Readers fear soaring bills as Iran war threatens to deepen cost of living crisis

YOUR VIEWS: Our community voiced frustration and anxiety over soaring oil and gas prices, warning that a system tied to volatile global markets leaves households exposed, heating oil users unprotected, and consumers once again paying the price for political decisions and energy policy failures at home and abroad

The Independent UK

In the Iran war, it’s not the oil that’s important—it’s the water

Today’s Fortune 500 Digest.

Fortune

World War 3 Fears: Chilling Threat To Strike European Ships 'By The Help Of God'

Iran's Revolutionary Guard attacks US oil tanker in Persian Gulf, escalating tensions and sparking World War 3 fears. Learn about the latest developments and global implications.

International Business Times UK

Chaos & Crude: 3 Energy Stocks Built to Thrive in This Market

The global footprints of Exxon Mobil and Chevron offer stability, while a strategic reset and strong backing position Occidental Petroleum for upside.

MarketBeat

Zelensky: Trump using up all his missiles on Iran risks leaving Ukraine short against Putin

EXCLUSIVE: In an exclusive interview with The Independent’s world affairs editor Sam Kiley, Volodymyr Zelensky said his country may be left more vulnerable, but that the lesson from Iran is that he needs weapons to force Putin to genuine peace

The Independent UK

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Euronews

Iran war: How exposed are European economies?

The closure of the Strait of Hormuz has sent gas prices surging by 60%, putting additional strain on Europe's already-depleted winter inventories and prompting economists to revise their 2026 growth and inflation outlooks.

Axios

Investors are buying America again with no other choice

The dollar has risen in value against other currencies since the Iran war began.

International Business Times

Mortgage Rates Jump Back Above 6% After Iran Strikes Push Oil Prices and Treasury Yields Higher

Mortgage rates climbed back above 6% as Iran's strikes lifted oil prices and Treasury yields, reversing last week's decline and adding fresh pressure on U.S. homebuyers.

GOBankingRates

6 Marshalls Deals Under $15 That Will Help You Start Spring Early

Get a jump on spring with these Marshalls finds under $15 -- from floral scarves to fresh home accents that brighten your space on a budget.

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The Independent UK

China sets lowest growth target in over 30 years as economy feels strain

Beijing is trying to shift from investment-led to consumption-led growth

The Guardian - UK

UK must double down on renewables as wars drive up energy costs, experts say

Fossil fuel price surge after US-Israeli attacks on Iran prompts calls to end dependence on ‘volatile’ energy source

The Independent UK

Three ways to combat energy bill rises as Iran-US war sparks price hike fears

Energy price rises are coming, despite Ofgem’s best efforts

The Conversation

How the Iran war could create a ‘fertiliser shock’ – an often ignored global risk to food prices and farming

Tehran is moving to restrict – or effectively close – the strait of Hormuz to shipping, as part of the latest escalation in the war involving Iran.

Euronews

Watch: Trump says adiós to trade with Spain — should Madrid do the same to Trump?

Spain's Prime Minister Pedro Sánchez declared a firm "no to war" and blocked the US from using Spanish soil for its Iran operations. In response, US President Donald Trump threatened to cut off all trade with Spain. Let’s break down what is at stake.

The Guardian - UK

Oil price continues to rise amid Middle East crisis but stock markets rebound across Asia

Reports of attack on US registered tanker in Gulf lifts crude by 3% to $84 a barrel as gas price also starts to climb

The Conversation

What the conflict in Iran means for Putin and Ukraine

As the war in the Middle East spreads and intensifies, the one in Ukraine continues. While geographically some 2,500km (1,600 miles) apart, the consequences of US president Donald Trump’s latest military adventure for the Russian war against Ukraine will be acutely felt across several areas. In the short term, the…

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