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The Latest Breaking News from Oil

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.

Barchart

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 - UK

‘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 Guardian - AU

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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.

The Times of India

Trump says ‘Praise be to Allah’ as he orders Iran to ‘Open the F****ng’ Strait’ in wild rant

US president issues stark warning as tensions soar in the Gulf and daring mission rescues downed airman hunted in Iranian mountains

Evening Standard

Sweden releases sanctioned tanker due to lack of evidence it caused oil spill

Swedish authorities have released a tanker sanctioned by the EU that was detained on suspicion of causing an oil spill in the Baltic Sea

The Independent UK

Rice’s whales existed before humans. Now Trump could make them extinct

The US has invoked national security to remove protections for the endangered cetacean, of which only about 50 are left

The Guardian - US

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‘It’s shocking how poorly prepared the administration is’: DOGE gutted major energy personnel who warn the U.S. has lost key insights amid Iran war

Last year, the Trump administration eliminated the Bureau of Energy Resources, which maintained close relationships with private sector oil companies and foreign energy ministries.

Fortune

Russia downs Ukrainian drones; debris damage oil pipeline near Baltic port

Russian air defenses intercepted 19 Ukrainian drones over the Leningrad region, with debris damaging an oil pipeline near Primorsk. This incident highlights Ukraine's increasing strikes on Russian energy assets amid stepped-up Russian offensives in eastern and southern Ukraine. Kyiv, facing resource limitations and air defense shortages, seeks new partnerships for…

The Times of India

Zelenskyy warns US-Iran war could divert critical aid from Ukraine

President Zelenskyy has warned that a prolonged US-Israeli war with Iran is threatening the supply of vital Patriot missiles and boosting Russia’s economy through surging oil prices.

Euronews

Iran claims to shoot down second F-35 – the most advanced fighter jet America has, says the pilot didn’t make it out

CENTCOM didn’t confirm this.

We Got This Covered

Iran-US war latest: Trump vows to decimate Iran as deadline approaches and says he’s ‘not worried’ about war crimes

US president says he is ‘not at all’ concerned about war crimes as he threatens the destruction of Iran’s key infrastructure by Tuesday

The Independent UK

‘It’s all fear and headlines’: energy traders race to keep pace with volatile oil markets

Market volatility caused by Middle East conflict exposes energy traders to heavy losses and rumours of insider trading at the highest level

The Guardian - UK

'Unjust Iranian aggression': Kuwait's ministries complex building targeted in 'hostile' drone attack; watch

Kuwait's ministries complex and Shuwaikh oil sector were hit by a hostile drone attack on Sunday, which the finance ministry attributed to "unjust Iranian aggression." While significant material damage was reported, authorities confirmed no casualties. Kuwaiti air defenses intercepted incoming threats as part of Iran's ongoing offensive across the Gulf.

The Times of India

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The Guardian - AU

Ukraine war briefing: Slovakia PM calls on EU to lift sanctions on Russian oil and gas

Robert Fico said ending sanctions on Russian energy imports would help tackle the energy crisis stemming from the war in Iran. What we know on day 1,502

International Business Times UK

Iran Offers Europe a Hormuz Lifeline — and the Price Could Be the Dollar

Iran proposes negotiations for transit access through the Strait of Hormuz, potentially easing a global energy crisis. Explore the implications for Europe and the petrodollar system.

Fortune

Trump calms markets to fight longer and always uses the military assets he deploys as more combat power heads to Iran, Mideast expert says

“So if we see a lot of back and forth in terms of what the administration is signaling, it’s part of that strategy of actually trying to manage the markets.”

The Times of India

Is Donald Trump’s triumphal tone on Iran facing a reality check?

President Trump's claims of 'decimating' Iran are challenged by two US warplane losses. Allies are distancing themselves, with France and Britain focusing on reopening the Strait of Hormuz. Iran's actions are deepening economic fallout by disrupting oil flows. Diplomatic efforts continue amidst regional escalations.

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news in one place.

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Grocery Coupon Guide

Ingredient Swaps Why Your Favorite Pasta Sauce May Taste Different This Year

You open a jar of your favorite pasta sauce, pour it over noodles, and take a bite. The flavor feels wrong. It lacks the richness you remember from last year. You assume you bought a bad batch. The truth is much more systemic. The food industry is facing a severe…

Euronews

Sea-Watch rescue 44 migrants from abandoned oil rig in Mediterranean

Dozens of migrants have been rescued from an abandoned Mediterranean oil rig. It is the second incident of its kind this week, highlighting the dangers of the North Africa crossing.

International Business Times UK

Donald Trump's Ukraine Peace Move Is Plot to Cripple China, Modern Nostradamus Claims

A Brazilian psychic known as the 'Modern Nostradamus' claims Donald Trump's push for peace in Ukraine is actually a bid to choke China's oil supplies and blunt its rise.

The Guardian - US

‘The good old days are gone’: how will US prices stand as war in Iran surges on?

Beyond rising costs of gas and air travel, experts say this is likely just beginning of higher prices amid global volatility

The Conversation

US and Iran: A brief history of how decades of mistrust and bad blood led to open warfare

With U.S. bombs raining down on Iran and Tehran’s leaders responding by hitting targets across the Persian Gulf and restricting transit through the Strait of Hormuz, it is fair to suggest that the present moment represents a low in relations between the two countries.

We Got This Covered

Donald Trump bombed Iran to weaken the country, but accidentally gifted a multi-million dollar business that’s keeping them alive

A massive silver lining for Iran.

Frugal Gardening

How to Keep Garden Tools Rust-Free Without Chemicals

There is nothing charming about rust. It does not add character, it does not tell a story, and it definitely does not help a shovel glide through soil or a pair of pruners slice cleanly through stems. Rust signals neglect, wasted money, and tools that will fail right when they…

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