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The Latest Breaking News from Oil

Dollar Supported by Weak Stocks and Higher Bond Yields

The dollar index (DXY00 ) today is up by +0.38%. The dollar is moving higher today as the ongoing war with Iran drags on, boosting safe-haven demand for the dollar. Also, today's +3% jump in crude oil prices may stoke inflation and prompt the Fed to tighten monetary policy, a...

Barchart

Stocks Pressured as Crude Oil Prices and Bond Yields Climb

The S&P 500 Index ($SPX ) (SPY ) today is down -0.80%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.83%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.98%. June E-mini S&P futures (ESM26 ) are down -0.84%, and June E-mini Nasdaq futures...

Barchart

Seven charts that reveal how unprepared Australia was for the fuel crisis

Disruptions to Middle East oil shipments have rippled along the world’s longest supply chain through Asia – and there’s no knowing when the pressure will ease

The Guardian - AU

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The shadow oil empire of ‘H’: How Russia, China grease Iran’s war machine amid US onslaught

War above ground, power below it

The Times of India

Climate Activists Confront Iran War Profiteering at Big Oil Confab in Houston

Meanwhile, the U.S. energy secretary tries to soothe an anxious American oil industry, urging them to ramp up production amid shock to global markets.

Texas Observer

Oil above $100 a barrel while stocks open lower in expectation of US-Iran talks

US stocks opened slightly lower on Tuesday while oil prices climbed higher, reflecting persistent uncertainty over the Iran war even after US President Donald Trump signalled progress in talks.

Euronews

EU delays proposal to ban Russian oil amid Iran war, price spikes and Druzhba row

A law to permanently ban Russian oil from the European Union has been pushed back amid rising prices fuelled by the war in the Middle East.

Euronews

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America’s main supplier of jet fuel to Israel goes up in flames in Texas

What on Earth is going on?

We Got This Covered

Is ConocoPhillips Stock at a Peak? - Covered Call COP Plays Look Attractive

Despite the turmoil from the war in Iran, oil prices may be near a peak. However, analysts have pushed up COP price targets. That makes selling covered calls in COP stock attractive now.

Barchart

Rachel Reeves warns of ‘significant’ economic challenges from Iran war

The Chancellor updated MPs on the economic impact of the Middle East crisis, which has pushed up oil and gas prices.

Evening Standard

Oil Prices Surge Again, US Stocks Waver as Iran Rejects US Negotiations

Oil prices surged while US equity indexes fell in early Tuesday hours after Iran reportedly rejected America's negotiations efforts.

International Business Times UK

Cotton Posting Tuesday Morning Losses

Cotton price action is down 15 to 26 points so far on Tuesday morning. Futures closed the Monday session with contracts 4 to 13 points lower in most contracts. Pressure was from a President Trump post ordering the Department of War to postpone some military strikes on Iran. Crude oil...

Barchart

Pakistan tells cricket fans to skip travelling for matches as Middle East war deepens fuel crisis

Pakistan Super League, which runs from 26 March to 3 May, cuts hosting venues from six to two

The Independent UK

Current price of oil as of March 24, 2026

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

Fortune

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The Guardian - UK

US set to deploy airborne troops amid Trump claims of ‘very good’ Iran talks

Israel and Gulf states targeted by Iran in latest strikes while Tehran denies any negotiations with US to end war

International Business Times UK

Is Donald Trump Spreading 'Fake News'? Iran Denies Secret Negotiations to End War

Donald Trump said the US and Iran had reached major points of agreement to end the war, but Iran's parliamentary speaker dismissed the remarks as fake news aimed at manipulating oil markets and insisted no negotiations are underway.

The Guardian - UK

UK manufacturers hit by sharpest rise in cost inflation since Black Wednesday in 1992

PMI figure reveals impact on economy of rise in oil prices driven by Iran war

The Conversation

This Mediterranean-style diet could keep your brain sharp as you age – new study

The Mediterranean diet – rich in olive oil, fish, vegetables and legumes – has long been linked to better heart health. Growing evidence suggests it may also help support brain health as we age, with a brain-focused variation of the diet drawing increasing scientific attention.

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Fortune

Trump needs an exit strategy in Iran as $100 oil looms over the midterms

Everything you need to know before you reach the office this morning.

Whats Hot

Pune Eatery’s ‘Orange-Haired Man’ Jibe Over LPG Price Hike Goes Viral

As tensions between Iran and the United States ripple across global markets, their impact is being felt far beyond geopolitical corridors—reaching even small eateries in India. Rising crude oil prices, exacerbated by disruptions in key transit routes like the Strait of Hormuz, have driven up the cost of essentials such…

Barchart

S&P Futures Waver as Concerns Over Middle East Conflict Persist, U.S. PMI Data in Focus

June S&P 500 E-Mini futures (ESM26) are trending up +0.02% this morning, swinging between gains and losses as optimism over a de-escalation in the Middle East conflict wanes.

Evening Standard

First time buyers face £1200 jump in mortgage bills as war in Iran brings havoc to market

Lenders have been forced to reprice their deals faster than at any time since the mini-Budget in 2022 because of the turmoil in the gilts market

International Business Times UK

Is the World Heading for an Energy Lockdown in 2026? Oil Prices, Blackouts, and What's Really Coming

The crisis stems from escalating conflict involving the United States, Israel, and Iran, with the Strait of Hormuz emerging as the critical choke point.

Whats Hot

How Much Oil Does India Have? Government Shares Big Update

Prime Minister Narendra Modi on Tuesday addressed the implications of the ongoing West Asia conflict on India’s fuel security, assuring the nation that adequate measures are in place to maintain uninterrupted supplies.

Euronews

Many Asian countries are heavily reliant on oil that passes through the Strait of Hormuz, and some popular tourist destinations are now enacting measures to limit fuel consumption as the conflict enters its fourth week.

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