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The Latest Breaking News from Oil

Oil surges to $110 a barrel after Israel strikes Iran's energy facilities

Brent crude oil prices surged to $110 a barrel after Israel attacked the largest gas plant and another oil facility in Iran. The Islamic Revolutionary Guard Corps of Iran (IRGC) reacted by announcing that some Gulf energy sites are "legitimate targets".

Euronews

Stocks Pressured by Inflation Concerns and Iran War Jitters

The S&P 500 Index ($SPX ) (SPY ) today is down -0.55%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.82%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.50%. March E-mini S&P futures (ESH26 ) are down -0.48%, and March E-mini Nasdaq futures...

Barchart

What to know about the Jones Act as the Trump administration unveils a 60-day waiver

As the U.S. and Israel’s war against Iran continues to upend energy markets and supply chains worldwide, the Trump administration says it will temporarily waive maritime shipping requirements under a more than century-old law known as the Jones Act

The Independent UK

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The U.S. attacked Iran to show its power but the war is already lost. Epic Fury looks like an Epic Fail

Even if Iran is militarily defeated, the U.S. political objectives are unlikely to be achieved — and Washington will stumble out of this war.

Fortune

Verdict postponed in climate change damage case between TotalEnergies and farmer

A Belgian court on Wednesday adjourned a case pitting French oil giant TotalEnergies against a farmer seeking compensation for damage to his land caused by climate change while another hearing involving the company takes place in Paris.

Radio France Internationale

Trump waives US shipping law for oil and gas in bid to lower prices

Move comes as president attempts to mitigate rising price of oil while carrying out war on Iran

The Guardian - US

Choke on Strait of Hormuz hurts many nations, US is not one of them - in fact, it profits

President Donald Trump's recent appeal to Asian allies to help secure the Strait of Hormuz amid escalating tensions in the war against Iran, bluntly brought to focus their outsized reliance: "Countries that receive oil through the Strait of Hormuz must take care of that passage — China, Japan, South Korea…

The Times of India

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Dollar Climbs on Hot US PPI and Iran War Escalation

The dollar index (DXY00 ) today is up by +0.30%. The dollar recovered from early losses today and turned higher after US Feb producer prices rose more than expected, a hawkish factor for Fed policy. Also, signs of escalation in the Iran war knocked stocks lower and boosted liquidity demand...

Barchart

Trump waives shipping law as gasoline prices soar

Trump issued a 60-day waiver of the Jones Act, the White House confirmed.

Axios

Tories set to force vote on scrapping fuel duty increase

Oil and gas prices have been driven up as Iran has throttled key shipping routes through the Strait of Hormuz.

Evening Standard

Trump Administration Eliminated Energy Experts Who Model Oil Market Shocks Ahead Of Iran Strikes — Elevates Risk Of Price Surges

Cuts to US energy offices under the Trump administration are under scrutiny as Iran war strikes rattle oil markets and complicate efforts to manage the global energy crisis.

International Business Times UK

Stocks Fall as US PPI Jumps and Iran War Escalates

The S&P 500 Index ($SPX ) (SPY ) today is down -0.24%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.21%. March E-mini S&P futures (ESH26 ) are down -0.30%, and March E-mini Nasdaq futures...

Barchart

US eases Venezuela oil sanctions as Trump seeks to boost world oil supply during Iran war

The Treasury Department is easing sanctions on Venezuela’s state oil company, with some limits

The Independent UK

Dire straits: The handful of marine choke points holding Europe's economy hostage

From the Persian Gulf to the English Channel, a small number of narrow waterways carry the vast bulk of what Europeans eat, buy, and heat their homes with. When one of them is threatened the consequences ripple everywhere.

Euronews

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Fortune

The Iran war and high gas prices are getting Americans excited about EVs again

As the war in Iran sends gas prices surging, the world's growing electric vehicle fleet is providing a buffer. In America, it may finally be enough to win over reluctant buyers.

The Independent UK

Trump can’t get his spelling ‘Straight’ in post bashing US allies over Hormuz refusal

President lately has been fixated on whether it is ‘Straits’ or ‘Strait’ of Hormuz but either way, his Truth post botched the execution

The Independent UK

Japan's leader heads to Washington for a visit complicated by the Iran war fallout

Japanese Prime Minister Sanae Takaichi is heading to the United States for what she expects to be a “very difficult” meeting with U.S. President Donald Trump

Fortune

Current price of oil as of March 18, 2026

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

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Euronews

China treads carefully on Iran war as it balances energy security and neutrality

The Iran war is disrupting global energy flows and increasing the risk of wider regional escalation, leaving major economies such as China walking a tightrope.

GOBankingRates

Trump Says the Iran War Could End Soon: How Your Wallet Could Still Feel the Pinch After It’s Over

President Trump has given mixed signals on the war, signaling it could end soon or continue. Even if it winds down, several factors could squeeze wallets.

MarketBeat

Insider Selling: CRWV, DELL & FANG See +$100M in 2026 Sales

Insiders are selling CoreWeave and two other big-name stocks. However, the changing pace of CRWV's insider sales is more interesting than the trades themselves.

Latin Times

Tanker Believed To Carry Russian Oil Resumes Navigation To Cuba Weeks After Diverting Course

A tanker believed to be carrying Russian oil resumed navigation to Cuba weeks after diverting course as the country continues to endure critical fuel shortages.

Barchart

Cotton Falling Back on Wednesday AM Trade

Cotton price action is down 10 to 33 points so far on Wednesday. Futures closed the Tuesday session with contracts 48 to 70 points in the green on St Patrick’s Day. Some deferred contracts were up 5 to 18 points. Crude oil was back up $2.52 to $96.02, with the...

GOBankingRates

4 Best EVs To Purchase During the Iran War’s Gas Crisis

With oil and gas prices rising amid the Iran conflict, these top 2026 electric cars offer long range and savings at the pump. See which EVs stand out.

Fortune

Economists are loathe to mention recessions, but odds just hit 49% for the next 12 months according to Moody’s top economist

"If oil prices remain elevated for much longer (weeks and not months), a recession will be difficult to avoid," Zandi said.

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