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The Latest Breaking News from Oil

Thousands of small UK firms’ energy bills set to more than double due to Iran war

Companies using heating oil have already begun rationing their fuel use, says Federation of Small Businesses

The Guardian - UK

Oil prices surge again after Trump issues new threat to Iran

IN FULL

The Independent UK

Iran warns of 'devastating' retaliation in defiant stance as Trump deadline to 'unleash hell' looms

Trump shared an expletive-laden social media post threatening further bombardment if Iran doesn’t open the Strait of Hormuz

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

A Russian attack kills 3 in Odesa while Ukraine targets Russian oil infrastructure, officials say

Ukrainian officials say a Russian drone attack on Odesa has killed two women and a toddler

The Independent UK

OPEC+ to hike crude output: Will it make a difference to oil prices?

The Organization of the Petroleum Exporting Countries and its allies (OPEC+) has agreed ‌to increase its crude output as the Middle East conflict continues to disrupt oil traffic passing through the Strait of Hormuz.

Euronews

Ukrainian forces operating in western Libya as covert war grows

Ukrainian military forces are operating in western Libya and were behind a recent attack on a Russian tanker in the Mediterranean, an RFI investigation has found. The findings point to a largely covert confrontation between Kyiv and Moscow as they compete for influence on Libyan territory, four years into their…

Radio France Internationale

Oil back above $110 as Asian markets react to Trump’s expletive-laden threat to Iran

Trump issues new ultimatum to Tehran to end its chokehold over major Persian Gulf waterway

The Independent UK

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Trump Truth Social: 'Power Plant Day' Warning Sparks Panic as Iran Defies Strait of Hormuz Demand

Could Trump's Truth Social post on 'Power Plant Day' escalate Iran tensions and disrupt global oil markets? Analysts and politicians react

International Business Times UK

Cruise ship caught on reef off tiny Fiji island where Cast Away filmed

Salvage crews work to avoid oil spill after Fiji Princess cruise ship grounded off Monuriki Island on Saturday

The Guardian - AU

Donald Trump asks Tehran to open Strait of Hormuz; Iran says 'lost the keys': Where things stand after a month of war

US President Donald Trump has once again raised the stakes in the ongoing Middle East conflict, demanding that Iran reopen the Strait of Hormuz by a self-imposed Tuesday deadline or face sweeping military strikes. His latest warning, delivered in blunt and aggressive language, comes after weeks of escalating hostilities that…

The Times of India

Asian shares mostly gain while oil prices keep rising

Asian markets that are open for trading are mostly rising as investors continue to closely watch the war in Iran, soaring oil prices and what President Donald Trump might say next

The Independent UK

'Dragging US towards living hell': Iran slams Trump's 'Tuesday threat' over Strait of Hormuz closure

Iran has strongly responded to US President Donald Trump's recent threat concerning the Strait of Hormuz. Tehran's Parliament Speaker accused Trump of reckless escalation driven by Israeli interests. Trump had issued an ultimatum demanding the reopening of the vital oil route. Iran rejected the threat, with military officials calling Trump's…

The Times of India

Ukraine war briefing: Russian oil facilities burn as Zelenskyy tours Middle East

Repairs will be slow and costly, pro-Russian bloggers complain; Ukraine’s president says Iran war is benefiting Moscow. What we know on day 1,503

The Guardian - AU

Consumer spending and confidence in the spotlight

Analysts and governments will pore over latest economic data this week for more insight into the devastating impact of soaring fuel prices on the nation.

AAP

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Bangkok Post

Diesel now over B50 per litre

Diesel prices rose another 2.80 baht a litre at 5am on Sunday as the state Oil Fuel Fund cut the diesel price subsidy.

Fortune

Oil climbs and stock futures drop as fuel shortages spread while Trump makes series of apocalyptic threats against Iran ahead of moving deadline

Trump told ABC News that if Iran doesn’t make a deal, “their whole country is gone.”

Axios

Oil climbs anew on mixed signals about Iran war's future

President Trump has signaled major escalation, but also told Axios that the U.S. is in "deep negotiations" with Iran.

Evening Standard

Scientists find way to make healthier and ‘oozier’ vegan cheese

Vegan cheese is typically made from a combination of starch and solid fats like coconut or palm oil.

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news in one place.

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International Business Times UK

Deadline Day: Iran Rejects Trump's Ceasefire as Global Oil Supply Hangs in Balance

Iran rejects Donald Trump's temporary ceasefire proposal, refusing to reopen the Strait of Hormuz as global oil markets brace for unprecedented disruption and potential military strikes.

The Independent UK

Scientists find way to make a healthier and ‘oozier’ version of vegan cheese

The team achieved the feat using a process called oleogelation

Barchart

The Market Isn’t Pricing War. It’s Pricing What Comes After

Markets aren’t reacting to war; they’re repricing what the war forces to break.

Barchart

Iran War, Inflation Reading and Key Things to Watch this Week

Markets enter a critical week following Friday's Good Friday employment report that will be digested through Sunday evening futures reactions, while focus shifts to a busy economic data schedule culminating in dual inflation readings—Thursday's February Core PCE Price Index and Friday's March CPI both at 8:30am.

The Guardian - UK

Iran strikes Kuwait’s oil infrastructure before Opec+ supply talks

Members reportedly agree a rise of 206,000 barrels a day in May, but move symbolic while strait of Hormuz is effectively closed

The Guardian - AU

‘Doesn’t make sense to hold on to a combustion engine’: used EV prices rise as Australia’s fuel crisis hits

Stock runs low as oil crunch increases enthusiasm for electric vehicles

The Times of India

Middle East crisis: Donald Trump threatens to ‘blow everything up and take the oil’ if Iran doesn’t make a deal

US President Trump issued a stark warning to Iran, threatening to "blow everything up and take over the oil" if a deal to reopen the Strait of Hormuz isn't reached swiftly. Tensions escalated following US-Israeli strikes on Iran, disrupting oil markets and regional stability.

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