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The Latest Breaking News from Oil

Breaking Live 6 publishers covering this story in the last 6 hours

Scoop: U.S. blockade has cost Iran $4.8 billion, Pentagon says

Officials want to emphasize the blockade's impact as peace talks stop and start.

Axios

Exxon Mobil CEO sees “more to come” on price spikes from Iran war as Exxon, Chevron beat on earnings despite plunging profits

Exxon and Chevron are maintaining a wait-and-see approach to Venezuela, but they're taking diverging paths in the booming Permian Basin.

Fortune

S&P 500 and Nasdaq 100 Post Record Highs on Solid Earnings

The S&P 500 Index ($SPX ) (SPY ) on Friday closed up +0.29%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.31%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.94%. June E-mini S&P futures (ESM26 ) rose +0.19%, and June E-mini Nasdaq futures...

Barchart

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Dollar Rebounds as Trade Tensions Resurface

The dollar index (DXY00 ) on Friday rose +0.12%. The dollar recovered from a 2-week low on Friday and finished higher. Tariff tensions resurfaced on Friday, pushing the dollar higher, after President Trump threatened to raise tariffs on European automobile imports to as high as 25%. The dollar initially moved...

Barchart

Crude Prices Fall on Hopes for US-Iran Negotiations

June WTI crude oil (CLM26 ) on Friday closed down -3.13 (-2.98%), and June RBOB gasoline (RBM26 ) closed down -0.0198 (-0.55%). Crude oil and gasoline prices gave up early gains on Friday and settled sharply lower, with gasoline falling from a 3.75-year high. Crude prices came under pressure on...

Barchart

Iran Considers Arming Dolphins with Mines Against US Warships as Blockade Bites

Iran is contemplating using dolphins armed with naval mines to attack US warships in the Strait of Hormuz, as tensions rise over the US blockade impacting Iran's oil exports.

International Business Times UK

Cotton Continuing Rally on Friday

Cotton futures are following up Thursday’s limit gains with most contracts up another 116 to 150 points at Friday’s midday. The US dollar index is just $0.004 lower at $97.915. Crude oil is down $3.45 to $101.62. Export Sales data has export commitments at 10.691 million RB, which is 2%...

Barchart

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Soybeans Trading with Friday Gains

Soybeans futures are trading with contracts 3 to 8 cents higher as nearby May is down 1 ½ cents. The cmdtyView national average Cash Bean price is up 9 cents at $11.32 1/4. Soymeal futures are steady to $1.70 lower, with Soy Oil futures up 22 to 42 points. There...

Barchart

Cuba's electric and petroleum workers celebrate their colleagues during massive rally

Tens of thousands of Cubans have crowded along Havana’s famed seawall to celebrate workers on their day, but few are more applauded than those who keep the socialist country powered

The Independent UK

Exxon and Chevron quarterly earnings fall despite soaring oil prices

US oil giants report big drops in profits due to Iran war disruptions but are expected to eventually reap benefits

The Guardian - US

April’s Top Performers and Underperformers

Crude oil, gasoline, gasoline refining spreads, bitcoin, and cotton futures posted double-digit percentage gains in April, while Rotterdam coal, natural gas, and sugar futures posted the most significant declines. Higher interest rates and a weaker dollar index were a mixed signal for the commodities asset class in April 2026.

Barchart

Oil price declines amid reports of new Iran offer

The FTSE 100 closed down 14.89 points, or 0.1%, at 10,363.93.

Evening Standard

Voices: Donald Trump has no idea just how close he is bringing us to economic ruin

THE INDEPENDENT VIEW: Editorial: As shelves empty and medicines run out, the US president seems happy to bask in the thin adulation offered for his botched Iran intervention like a frog in a pot of water coming to the boil

The Independent UK

Spirit Airlines ceases operations and US transportation secretary announces measures to help passengers

Several US airlines have agreed to cap ticket prices for Spirit customers who need to rebook canceled flights

The Guardian - US

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International Business Times

The Clean Energy Edge Is Becoming Clearer As a Result Of The Iran War

Beyond a death toll in the thousands, the war in Iran has another ripple effect. Oil-dependent nations are getting squeezed more than ever, further clarifying the clean energy advantage.

Barchart

Crude Prices Tumble on Hopes Negotiations to End Iran War Will Resume

June WTI crude oil (CLM26 ) today is down -3.37 (-3.21%), and June RBOB gasoline (RBM26 ) is down -0.0448 (-1.24%). Crude oil and gasoline prices gave up early gains today and retreated , with gasoline falling from a 3.75-year high, on hopes that negotiations to end the US-Iran war...

Barchart

Stocks Climb on Strong Earnings and Crude Oil Weakness

The S&P 500 Index ($SPX ) (SPY ) today is up +0.62%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.02%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.10%. June E-mini S&P futures (ESM26 ) are up +0.43%, and June E-mini Nasdaq futures...

The Guardian - AU

I tried to live for 24 hours without using oil-based products. It was ridiculously impossible

The world’s economy is completely dependent on petrochemicals. Is there any way to avoid them?

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Salon

This is the ultimate spring pasta

Lemon juice and freshly grated Parmesan cheese help elevate a simple dish into a seasonal classic

We Got This Covered

Donald Trump shamelessly wants Strait of Hormuz named after himself. But Gavin Newsom destroys him with 9 words

An ego as wide as the gulf.

The Independent UK

Can higher oil prices negate damage to Qatari gas plant for Shell?

The British oil and gas producer will publish its financial results for the first quarter of 2026 on Thursday.

Barchart

Dollar Falls on Lower Crude Prices and a Weak ISM Report

The dollar index (DXY00 ) today is down by -0.33%. The dollar added to Thursday's sharp losses today, falling to a 2-week low. The strength in other G-10 currencies is weighing on the dollar today, with the euro climbing to a 1.5-week high and the yen jumping to a 2-month...

International Business Times

Oil Prices Drop After Iran Submits Response To Proposal To End The War

Oil prices are dropping after Iran said it sent its latest response to the proposal to end the war with the U.S. and Israel.

The Guardian - UK

Could Santa Marta climate talks mark ground zero in push to ditch fossil fuels?

Colombia hosted nearly 60 countries at pivotal time on world stage for fight to transition to a clean energy future

International Business Times UK

Sky-High Airfares Become 'New Normal' As Jet Fuel Crisis Reshapes Travel

Fuel prices are rising due to US-Iran tensions, affecting travel costs and airline operations. The UK government is monitoring the situation, while experts predict prolonged elevated costs.

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