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The Latest Breaking News from Oil

Is Asia’s energy lifeline on the line due to tensions in the Strait of Hormuz?

Countries across Asia are scrambling to contain surging energy costs and fuel shortages as disruptions in the Strait of Hormuz threaten supplies.

Euronews

Would more North Sea drilling lower UK energy bills? Our analysis says no

As the Middle East conflict intensifies and oil and gas prices swing wildly, the UK has seen renewed calls to drill more in the North Sea. The argument is straightforward: if Britain produces more of its own oil and gas, household energy bills should fall.

The Conversation

How Pakistan’s people-led solar boom is easing impact of Middle East energy crisis

Falling costs and government incentives make solar an attractive option for many, reducing need for gas

The Guardian - UK

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Current price of oil as of March 17, 2026

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

Fortune

Ukraine accepts EU inspection to Druzhba hoping to lift Hungarian veto on €90bn loan

Brussels says Ukraine has accepted an external inspection on the controversial pipeline, even days after President Zelenskyy called it "blackmail". The shift could offer an off-ramp for Hungary to lift its veto.

Euronews

Soybeans Getting an Early Turnaround Tuesday Bounce

Soybeans are trading with 4 to 7 cent gains so far on Tuesday morning as new crop November us up 12 ½ cents. Futures were down 60 to the 70 cent limit on Monday across the front months. Expanded limits of $1.05 are set for Tuesday. Open interest was down...

Barchart

Cotton Showing Green Early on Tuesday

Cotton prices are up 24 to 34 points so far on Tuesday morning. Futures posted Monday gains of 206 to 234 points across the front months at the close, as traders came out of the weekend with a better feeling on the Chinese situation. Crude oil was down $4.49 to...

Barchart

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Iran war: Europe's corporate winners and losers revealed

As the conflict in Iran enters its third week, the market is telling a stark story — one of energy windfalls and industrial ruin, drawn along a single fault line: proximity to oil.

Euronews

The next energy superpower will make its own fuel

The upcoming era of energy security is shifting from possession to production.

Fortune

Ray Dalio Says US Will Lose The War With Iran if It Fails to Break the Strait of Hormuz Blockade

Billionaire investor Ray Dalio warns that the United States risks an 'empire-ending' defeat and the collapse of the petrodollar if it fails to break Iran's blockade of the Strait of Hormuz.

International Business Times UK

A market correction of 10% could be on the cards as consumer psychology shifts due to gas prices, says top economist

"The key issue is not simply crude oil itself. It is gasoline, the most visible price in the economy for consumers, and when that price jumps it hits psychology immediately."

Fortune

How countries are cutting deals with Iran to move oil through the Strait of Hormuz – and undermine Trump

IN DEPTH: The sea channel has become perilous for oil tankers since Iran claimed control of it during the war. But experts tell Bryony Gooch that Tehran may be willing to grant safe passage to countries willing to engage in diplomacy

The Independent UK

First Thing: Israel says Iran’s security chief Ali Larijani killed in airstrike

It would make Larijani the most senior Iranian figure to be killed in the war since Ali Khamenei. Plus, Oakland homicides down 48% from Covid peak

The Guardian - UK

Why Trump's 'beautiful armada' cannot take control of the Strait of Hormuz

The proposal from President Trump to assemble an international naval coalition for the defense of the Strait of Hormuz encounters formidable obstacles. Iran's advanced A2/AD capabilities—featuring an array of missiles, drones, and submarines—combined with the strait's challenging topography, complicates even the strongest navy's efforts to maintain a permanent presence.

The Times of India

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Euronews

'NATO is not obliged to help Trump in Iran,' Finnish FM Valtonen tells Euronews

European NATO allies are rejecting demands by US President Trump to shield the Strait of Hormuz from Iranian disruption. Finnish Foreign Minister Elina Valtonen says while it's not NATO's responsibility to help the US, Europe has "very strong" cards if does decide to send a mission to the region.

Barchart

Stock Index Futures Muted as Oil Prices Resume Advance After Iran Strikes, FOMC Meeting in Focus

March S&P 500 E-Mini futures (ESH26) are down -0.02%, and March Nasdaq 100 E-Mini futures (NQH26) are down -0.04% this morning, pointing to a muted open on Wall Street after a tech-led rebound in the prior session as attacks on critical energy infrastructure in the Middle East sparked a fresh…

Tom’s Hardware

Global chip supply chain under threat as US-Iran conflict enters third week — Strait of Hormuz blockade is days away from crippling Taiwan's semiconductor industry

Taiwan imports almost all of its energy and requires large amounts of LNG to sustain its electrical grid. That grid is then used by local chipmakers — like TSMC who is responsible for making most of the world's high-end chips. Fabrication for these chips requires helium, which Taiwan also imports…

Axios

Exclusive: Gallego presses DOE on oil reserve as gas prices rise

He asks how the move will affect gas prices and supply in Arizona, as well as questions about the planning process.

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Times Pets

CBD For Pets: How It Can Transform Your Dog’s And Cat’s Life

Cannabidiol or CBD is a natural compound found in the cannabis plant. Unlike THC, it does not produce any psychoactive effects, which means your pets will not get high. Many pet parents are turning to CBD to support their furry friends’ overall well-being. Dogs and cats have an endocannabinoid system,…

Axios

How the Iran war is also unleashing an economic world war

The war is creating a crisis abroad that governments and businesses are scrambling to manage.

The Guardian - UK

Oil and gas prices rise again after Iran attacks production facilities

Brent crude price climbs as operations suspended at Shah gasfield in UAE after Iranian strike

Euronews

Trump vows to 'take' Cuba as US oil embargo triggers power grid collapse

Donald Trump vowed to “take” Cuba on Monday as a US oil embargo left the island without power, deepened shortages and fueled growing anti-government protests.

Euronews

Leaving NATO is something to 'think about,' Trump says after allies refuse to secure Hormuz strait

On Monday, Trump warned that NATO faces a "very bad future" if allies didn't respond to his call to create an international naval police force to keep the key waterway open.

Evening Standard

Who is Ali Larijani? Iran’s national security chief killed in airstrike, Israel claims

If death of Larijani is confirmed, he would be most senior member of Iran regime to be killed since former supreme leader Ali Khamenei

Evening Standard

FTSE 100 Live 17 March: Index rallies despite oil price rebound, Trustpilot shares jump

A fresh oil price rise today failed to prevent the FTSE 100 index from building on yesterday’s strong session.

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