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The Latest Breaking News from Oil

Soybeans are trading with contracts 3 to 4 cents higher at Monday’s midday. The cmdtyView national average Cash Bean price was down 5 1/2 cents at $10.94. Soymeal futures are $2 to $2.30 higher in the front months, with Soy Oil futures are up 70 to 75 points so far...

Barchart

In a staggering twist, Americans are wasting $240M a day extra on gas, totaling $8.4B since the Iran War began

Since the Iran war began, fuel prices soared all over the world. Iran’s ironclad control of the Strait of Hormuz has driven prices up. But how much are Americans spending on average for fuel since the war?

The Mary Sue

Jamie Dimon defends the U.S. war on Iran—and warns it’s pushing the economy into uncharted territory

In prior years, the JPMorgan CEO warned about economic hurricanes and banking crises. This year, it’s about the unraveling global order itself.

Fortune

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Oil Companies Accused of Massive Accounting Fraud in New Mexico

Suit claims ExxonMobil and others underreported debts by $194 million, calling it “a playbook” for how companies dump old wells and expenses on states.

Capital & Main

Crude Prices Fluctuate on Iran War Headlines

May WTI crude oil (CLK26 ) today is up +0.77 (+0.69%), and May RBOB gasoline (RBK26 ) is up +0.0009 (+0.03%). Crude oil and gasoline prices are moving higher today, with crude posting a 4-week high. Crude prices rallied after President Trump said the US could leave the Iran war...

Barchart

Global Economy Faces Intensifying Pressure Due To Continued Strait of Hormuz Disruption

Markets and businesses worldwide face mounting challenges as prolonged shipping disruptions push up costs and tighten trade and financial conditions.

International Business Times

Massive debt makes the U.S. one of the world’s most vulnerable countries in the energy crisis, market veteran warns

Oil shocks during the 1970s represented a turning point where governments started running deficits constantly instead of just occasionally.

Fortune

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What Does Brent's Basis Market Tell Us?

My reads on real market fundamentals in crude oil indicate there is indeed a short-term supply scare in place.

Barchart

Cars make way for bikes as Sydney commuters saddle up to circumvent ‘crazy’ fuel costs

The shock of the oil crisis is playing out on Australian streets, where bike sales are up and cycle lanes are busier

The Guardian - AU

What could move the markets this week? Here’s what investors are watching

European markets return from the Easter break on Tuesday, coinciding with a deadline set by US President Donald Trump for Iran to fully open the Strait of Hormuz.

Euronews

Could Easing Iran Tensions Trigger an Amazon Pre-Earnings Rally?

Amazon could rally into earnings if oil prices fall, as easing inflation would simultaneously support tech sentiment and consumer demand.

MarketBeat

Axios reveals 45-day ceasefire deal in play, will it happen before Trump’s Tuesday deadline?

The clock is ticking fast

We Got This Covered

House Republican Says US Boots In Iran Would Be For One Reason Only: Seizing Enriched Uranium

Rep. Mike Lawler has stated that seizing enriched uranium is the only justification for US boots on the ground in Iran. As Operation Epic Fury enters week six, the 60-day War Powers Act deadline looms.

International Business Times UK

France rolls out 'flash fuel loans' to shield small firms from oil price spike

France is preparing to roll out a rapid financial lifeline for small businesses grappling with soaring fuel costs, as the economic fallout from the war in the Middle East continues to ripple across key sectors.

Radio France Internationale

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International Business Times

Stocks Point To Mixed Open As Trump's Iran Deadline Clouds Outlook

Oil prices have climbed above $110 per barrel on concerns over potential supply disruptions, underscoring the market's sensitivity to geopolitical headlines ahead of the trading session.

Fortune

Current price of oil as of April 6, 2026

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

We Got This Covered

Donald Trump dispatches ‘God Squad’ to wipe out the last 51 ocean giants that have survived 3,000,000 years

The whales died so that tankers can move faster.

The Times of India

How selling Alaska in 1867 was a costly mistake for Russia

In 1867, Russia’s decision to sell Alaska to America turned out to be a historic mistake that was to go unnoticed for years to come. The sum paid by the US was only $7,200,000. Although, in the light of the circumstances at the time, it appeared logical, retrospectively, the act…

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MyLifeXP

What Happens When You Lie to Lord Shiva’s Avatar

In the crowded, vibrant heart of Kathmandu lies a statue that stops people in their tracks. Kalabhairav, the fierce form of Lord Shiva, is not just a sculpture he is the judge of truth. Local legend says that anyone lying while locking eyes with him faces instant karmic punishment. Travelers…

The Guardian - UK

Thailand PM urges working from home amid fears over energy crisis

Anutin Charnvirakul encourages measures such as home working and carpooling as country is reliant on oil imports

MarketBeat

1 Stock To Buy And 1 To Sell If The War In Iran Ends

If tensions ease and oil starts falling, American Airlines offers some solid recovery upside while Exxon’s rally could quickly unwind from current levels.

The Guardian - US

‘A surrender to special interests’: alarm as Utah shields fossil-fuel companies

New legislation comes amid push from big oil, as critics warn polluters’ profits prioritized over Americans’ health

The Guardian - US

War in Iran is boosting profits for oil and defense companies as US gas prices soar

As Americans struggle with rising prices, Lockheed Martin, Shell and other companies are experiencing gains

The Times of India

Ukraine launched 7,347 drones at Russia in March, outpaces Moscow for first time since 2022

Ukraine has outpaced Russia in drone attacks for the first time since the war began. Kyiv's forces targeted Russian oil infrastructure, aiming to disrupt funding for the conflict. Russia reported intercepting a record number of Ukrainian drones. Both nations continue to rely heavily on long-range strikes, raising concerns about the…

Barchart

Stocks Set to Open Higher on U.S.-Iran Ceasefire Hopes, U.S. Inflation Data Awaited

June S&P 500 E-Mini futures (ESM26) are up +0.51%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.81% this morning, pointing to a higher open on Wall Street after the long weekend as hopes for a ceasefire in the U.S. war with Iran outweighed a series of aggressive threats…

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