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The Latest Breaking News from Oil

Iran oil crisis: why NZ’s car dependence is now a strategic liability

The war in Iran and the effective closure of the Strait of Hormuz have sent oil prices past US$100 a barrel – and Kiwis flocking to fill up. Petrol just hit NZ$3 a litre and some stations have reported running dry.

The Conversation

Starmer says 'we can't lose focus' on Ukraine amid Iran war during Zelenskyy visit

Zelenskyy's visit comes at a time when the Iran war has revived Russia’s ailing economy through increased oil revenue and scuttled US-brokered talks to end Russia’s invasion of Ukraine.

Euronews

Trump’s disastrous diplomatic moves are creating a new reality, leaving an entire continent bracing for an unimaginable catastrophe

Africa is facing a chilling new threat as ongoing conflict in the Arab world drastically disrupts vital supply chains, leaving countries across the continent bracing for severe economic fallout. This isn’t just about oil; we’re talking about crucial fertilizer imports that many African nations depend on heavily, and the ripple…

The Mary Sue

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Starmer has made ‘big mistake’ on Iran stance, Trump claims

The US president also suggested the Prime Minister had not been appreciative of his efforts to strike a good trade deal with the UK.

Evening Standard

Israeli strikes on Tehran oil depot highlight gaps in international law

One of the most alarming incidents to occur in the United States-Israel war against Iran was the recent bombing of a fuel depot in Tehran. Harrowing images showed toxic black smoke blanketing the skies above the city. Residents reported difficulty breathing and burning eyes and turned to wearing face masks.

The Conversation

Sugar Prices Climb on Strength in Crude Oil

May NY world sugar #11 (SBK26 ) today is up +0.28 (+1.97%), and May London ICE white sugar #5 (SWK26 ) is up +11.40 (+2.76%). Sugar prices are climbing today, with London sugar posting a 1-week high as higher crude oil prices encourage the world's sugar mills to boost ethanol...

Barchart

Macron says France could join Hormuz ship escorts once situation 'calmer'

The French president rejected US President Trump's calls for immediate action to reopen the key oil route, but said an international escort mission could be considered once fighting subsides.

Euronews

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Crude Oil Prices Gain as Iran Renews Attacks on Middle East Energy Infrastructure

April WTI crude oil (CLJ26 ) today is up +1.41 (+1.51%), and April RBOB gasoline (RBJ26 ) is up +0.0849 (+2.83%). Crude oil and gasoline prices are moving sharply higher today, with gasoline posting a 1-week high. Energy prices are rising amid renewed attacks on key energy infrastructure in the...

Barchart

Airline Stocks Have Been Hard Hit by Iran War, but Citi Is Betting Big on These 2 Names

Citi says Delta and SkyWest are the least sensitive airlines to shocks in oil prices.

Barchart

Rick Scott Says He Wants Oil Prices To Come Down But It's More Important To Dismantle The Iranian Regime: 'I Don't Want To Die'

Florida Senator Rick Scott said he wants oil prices to come down in the U.S. but it's more important to dismantle the Iranian regime first.

Latin Times

Stocks Climb on Strength in Chip and Travel Stocks

The S&P 500 Index ($SPX ) (SPY ) today is up +0.64%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.59%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.80%. March E-mini S&P futures (ESH26 ) are up +0.57%, and March E-mini Nasdaq futures...

Barchart

I never gelled with hair oils, until I tried Aveda's Miraculous Concentrate - now I'm hooked

Oils always left my fine hair looking greasy and flat, but this Aveda formula has completely changed the game

Woman & Home

'Oldest Ally' or Not, Starmer Defies Trump with UK Out of Iran Conflict—'Will Not be Drawn Into Wider War'

Prime Minister Keir Starmer has rejected President Trump's calls for UK military intervention in the Iran conflict, prioritising regional de-escalation over the 'Oldest Ally' alliance.

International Business Times UK

Stocks Supported by Lower Bond Yields

The S&P 500 Index ($SPX ) (SPY ) today is up +0.80%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.88%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.93%. March E-mini S&P futures (ESH26 ) are up +0.73%, and March E-mini Nasdaq futures...

Barchart

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The Independent UK

Countries slash workweek and enact strict AC and elevator bans in ‘energy triage’

Analysts warn the same hard choices could soon spread as countries compete for scarce supplies

Evening Standard

UK in ‘better place’ to handle Iran war thanks to Chancellor, PM tells ministers

Tuesday’s Cabinet meeting took place in the middle of the war’s third week, with oil prices remaining above 100 US dollars (£75) per barrel.

Euronews

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.

The Conversation

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.

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news in one place.

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The Guardian - UK

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

Fortune

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.

Euronews

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.

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

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...

Euronews

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.

Fortune

The next energy superpower will make its own fuel

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

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