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The Latest Breaking News from Oil

UK will not be drawn into wider war in Middle East, says Keir Starmer

PM says he wants quick end to conflict as he announces help for households with surging cost of heating oil

The Guardian - UK

FTSE 100 Holds Steady Near 10,260 as Markets Await BoE Decision Amid Oil Surge and Geopolitical Strain

Britain's benchmark FTSE 100 index remained little changed in early trading Monday, March 16, 2026, as investors positioned cautiously ahead of this week's Bank of England policy meeting while digesting the fallout from elevated oil prices and ongoing Middle East tensions.

International Business Times

Nifty 50 Rebounds Modestly to 23,250 as Markets Open Higher; Oil Shocks Linger

The Indian benchmark **Nifty 50** index experienced sharp volatility on Monday amid ongoing geopolitical tensions and rising global oil prices, as trading resumed in Mumbai following a steep decline at the end of the previous week.

International Business Times

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Oil Supply Disruptions Are Rocking Chip Stocks Like Nvidia or AMD, But Should You Buy the Dip?

Oil disruptions are dragging chip stocks lower. Does the selloff in Nvidia and AMD signal trouble ahead or a buying window for investors?

Barchart

US-Israeli War on Iran Enters Third Week with Strikes on Hamadan, Calls for Strait of Hormuz Coalition

The U.S.-Israeli military campaign against Iran stretched into its third week Monday, March 16, 2026, with fresh airstrikes pounding the western city of Hamadan and Iranian forces launching retaliatory missiles toward Israel, as President Donald Trump pressed reluctant allies to help secure the vital Strait of Hormuz amid soaring oil…

International Business Times

With Iran still in control of Hormuz, Trump threatens NATO and oil hits $106

The price of oil is driving everything today—even the cost of fertilizer.

Fortune

Starmer announces heating oil support as he rejects Trump’s Hormuz demands

IN FULL

The Independent UK

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Starmer says UK working with allies on ‘viable plan’ to open Strait of Hormuz

The Prime Minister has resisted Donald Trump’s demands to send Royal Navy warships to help secure the vital shipping route.

Evening Standard

Oil prices rise as Trump presses allies to secure the Strait of Hormuz

Oil prices continue to rise as the Iran war enters its third week, with President Trump pushing allies to help secure the Strait of Hormuz as investors react to threats facing Middle Eastern export facilities.

Euronews

Kallas eyes EU naval mission shift to protect Strait of Hormuz as Trump calls for maritime coalition

The EU's 27 foreign ministers meet in Brussels to discuss ways to secure the Strait of Hormuz, as US President Donald Trump urged allies to help open the waterway or face a “very bad” future within NATO.

Euronews

Stocks Set to Open Higher as Bond Yields Fall, Fed Meeting and Middle East Conflict in Focus

March S&P 500 E-Mini futures (ESH26) are up +0.59%, and March Nasdaq 100 E-Mini futures (NQH26) are up +0.66% this morning, pointing to a higher open on Wall Street as Treasury yields retreated, while investors continued to monitor developments in the Middle East and awaited the Federal Reserve’s meeting.

Barchart

France holds back warships as Trump urges allies to secure Strait of Hormuz

France has said it will not send naval vessels to the Strait of Hormuz after US President Donald Trump called on countries reliant on oil from the Gulf to help secure the shipping lane that has been blocked since the start of the US and Israeli attacks on Iran. France…

Radio France Internationale

Average petrol station fuel price revealed as diesel reaches 160.3p per litre

The escalating conflict has driven global oil prices

The Independent UK

War in Iran Threatens Higher Fuel Prices, Renewed Inflation

With much of the Middle East's critical oil and gas exports cut off from global markets, rising energy costs could give inflation new momentum.

Kiplinger

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The Independent UK

Trump hints at delaying China summit and urges XI Jinping to intervene in Strait of Hormuz

A cancellation of the face-to-face meeting with the Chinese President could trigger substantial economic repercussions

International Business Times UK

Are Gulf Leaders Backing Trump's War on Iran? Arab State Admits Getting Help From Russia, China

Gulf leaders show reluctance to back Trump's war on Iran as Tehran admits military help from Russia and China

The Independent UK

Why UK households with heating oil are getting help from the government

IN FULL

The Independent UK

Why countries are rejecting Trump’s call to send ships to Strait of Hormuz

Trump says his administration has contacted seven countries to help secure waterway

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news in one place.

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Evening Standard

Trump in new tirade against Starmer over Iran war as his plan to open Hormuz Strait flounders

The US president hit out as Britain, Germany, Italy, Japan and Australia declined to jump to his request to send warships to the Middle East

The Times of India

Watch: Fire erupts again at Fujairah port in UAE, harbour suspends oil loadings

Fujairah port in the UAE experienced a drone attack, igniting a fire at a petroleum facility. While emergency teams quickly contained the blaze with no reported injuries, oil loadings were suspended. This marks a recent escalation in attacks on the vital oil hub, underscoring regional tensions and the port's critical…

Evening Standard

Government home heating oil subsidy must be meaningful, John O’Dowd says

Stormont’s Finance Minister wrote to the Treasury last week seeking a financial intervention over energy costs.

Evening Standard

Starmer vows energy bill support for some households as Trump warns Nato allies over Iran response

Sir Keir Starmer announced £53 million in support for ‘those households that are most exposed’ to rising heating oil prices on Monday

The Independent UK

Iran war briefing: Dubai airport in chaos after third drone strike suspends flights

Authorities responded to a fire near Dubai International Airport on Monday following a drone attack. British PM to pledge energy bill aid for households amid Middle East crisis. US President Donald Trump set to launch Hormuz coalition amid global oil crisis as he warns of ‘very bad future’ unless NATO…

Euronews

Can Europe’s power grid shield it from the next energy shock?

The conflict in Iran is causing major problems in the Middle East, a key oil and gas region. Take our poll!

The Times of India

Global oil hits $105 per barrel: Could UAE petrol prices jump to Dh3.80–Dh4 per litre in April?

Global oil prices have surged past $100 per barrel due to escalating Middle East tensions, particularly concerning the Strait of Hormuz. This volatility directly impacts fuel costs for UAE residents, with prices expected to rise if crude remains high. Other GCC nations also face potential price adjustments, though subsidies offer…

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