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The Latest Breaking News from Oil

The April gold futures contract has lost as much as $1,528.80 since late January, all while the world seems to be falling apart at the seems. The question is why?

Barchart

EU ministers weigh oil price cap and windfall tax to rein in soaring energy costs

Ahead of a ministerial meeting in Brussels, the European Commission urged EU finance ministers to keep energy relief measures short-term while staying on track with decarbonisation goals.

Euronews

Dollar Gains on Concerns Over a Protracted Iran War

The dollar index (DXY00 ) today rose to a 1-week high and is up by +0.05%. The dollar is slightly higher today as the risk of a protracted Iran war boosts safe-haven demand for the dollar. Also, today’s +3% rally in crude oil prices is pushing inflation expectations higher, potentially...

Barchart

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Exxon Mobil Is Now More Expensive Than Nvidia Stock. What Gives, and How Should You Play XOM Here?

Oil stocks like Exxon Mobil are now priced like AI leaders such as Nvidia. But at these elevated levels, is XOM still a buy for investors today?

Barchart

Stocks Fall and Bond Yields Rise on Concern About a Protracted Iran War

The S&P 500 Index ($SPX ) (SPY ) today is down -0.74%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.87%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.94%. June E-mini S&P futures (ESM26 ) are down -0.90%, and June E-mini Nasdaq futures...

Barchart

UK supermarket boss warns fuel supply is ‘tight’ as petrol prices soar above 150p a litre

The UK’s second-largest fuel retailer has seen ‘bumper demand’ from drivers reacting to price volatility

The Independent UK

Blink and miss: Trump’s tactic of threats first and U-turn later is proving stale in Iran war

President’s move, dubbed Trump Always Chickens Out, appears to have soured as he loses hold on situation in Iran

The Guardian - US

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Havana on edge again: How a Russian tanker, US blockade, and a fuel-starved island are pushing Cuba back into Cold War shadows

A Russian tanker carrying oil is heading towards Cuba, intensifying a geopolitical standoff with the US. This move challenges America's de facto oil blockade on the island, which is facing an energy crisis. The situation echoes the Cuban Missile Crisis, highlighting Cuba's enduring strategic importance and testing US resolve in…

The Times of India

Michael Burry Warns of Trump's Market-Driven War Management in the Middle East

Michael Burry warns that President Trump's Middle East strategy is being compromised by a fear of stock market dips. Discover how the 7 April Iran deadline and volatile oil prices are impacting US 401(k)s. Get the facts on the market-driven war management debate of 2026.

International Business Times UK

Current price of oil as of March 27, 2026

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

Fortune

Cotton Slipping Back on Friday Morning Trade

Cotton price action is down 3 to 10 points on Friday morning. Futures closed out the Thursday session with contracts 21 to 123 points higher across the board. The US dollar index was $0.296 higher at $99.695. Crude oil was up $3.46 on the day to $93.79. Export Sales data...

Barchart

War in the Middle East made the case for renewables – what’s happening in each country tells a harder story

The oil-dependent world is in crisis. Ship traffic in the Strait of Hormuz – through which more than a quarter of global seaborne oil trade and a fifth of the world’s liquefied natural gas flow – is at a virtual standstill. Oil prices have climbed, briefly topping US$119 a barrel.

The Conversation

In The Room | Stockpiling fuel and panic buying loo roll – are we prepped for war?

As the war in the Middle East continues, there are fears there could be a global recession over oil prices.

The Independent UK

What has happened in the Strait of Hormuz – and why is it so important?

IN FULL

The Independent UK

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The Guardian - UK

A war of regression: how Trump bombed the US into a worse position with Iran

Analysts fear Iran has played a weak hand well and the US has blundered into a defining strategic failure

International Business Times UK

Energy Shock From Iran War Pushes More Consumers Towards EVs, Solar, and Heat Pumps

Rising energy prices amid the Iran war are driving global demand for electric vehicles, solar panels, and heat pumps.

International Business Times

Middle East Airports Chaos 2026: Full List of Closed vs Open Hubs Amid Iran War

Air travel across the Middle East remains in turmoil as of late March 2026, with major airports operating under severe restrictions or partial closures following U.S.-Israeli strikes on Iran and retaliatory actions that triggered widespread airspace shutdowns.

The Independent UK

Australia PM tries to reassure public as panic buying sees fuel demand surge 400% in some regions

Albanese says Australia's supply of petrol, diesel and oil would be ‘same, if not higher, than it normally would be’

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news in one place.

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The Independent UK

Oil prices soar past $110 a barrel again after Iran says Strait of Hormuz is closed

Experts raise fresh UK recession fears as hopes of falling oil prices are dashed

Barchart

S&P Futures Slip on Middle East Conflict Uncertainty and China Trade Probes

June S&P 500 E-Mini futures (ESM26) are trending down -0.49% this morning as investors digested conflicting news about the Middle East conflict, while China escalated its trade dispute with the U.S.

Kiplinger

Oil Prices Push Up More Than the Cost of Gas. Here's What Gets More Expensive Next

From groceries to flights, higher oil prices ripple through your budget. Here's how the chain reaction works and when you may start to feel it.

International Business Times UK

Cuba's Doctors Seen Manually Operating ICU Machines as Power Crisis Continues to Threaten Patients

Cuba's worsening energy crisis severely affects hospitals. Discover how healthcare workers handle power outages and sustain critical care amid fuel shortages and blackouts.

Euronews

‘Reckless’: Trump seeks Endangered Species Act exemption for oil, gas projects in Gulf of Mexico

The move could 'greenlight the extinction of sea turtles, whales and corals to pad the oil industry’s pockets', says an Earthjustice attorney.

The Guardian - UK

Saudi Arabia urging US to ramp up Iran attacks, intelligence source confirms

Crown Prince Mohammed bin Salman said to view US-Israeli war as ‘historic opportunity’ to remake Middle East

International Business Times UK

Strait of Hormuz 'Toll Booth' Implemented? Iran Tightens Control with New Fees and Vetting System in Key Oil Chokepoint

Iran introduces a toll booth system in the Strait of Hormuz, requiring vessels to submit documentation and pay fees, impacting global oil trade

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