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The Latest Breaking News from Oil

Breaking Live 11 publishers covering this story in the last 6 hours

20m ago Trump sparks debate over diesel export ban
39m ago US stocks: US market ends down as oil prices, Treasury yields rise
1h ago Why Venezuela's Economic Recovery May Depend on Financing Businesses Beyond Oil
2h ago Ryanair CEO Rules Out Fuel Surcharge Despite Rising Jet Fuel Prices, Warns Rivals Could Raise Fares by 20%
2h ago Milei threatens at UN that Argentina will take ‘matters into our own hands’ on Falklands

Wheat Falling on Friday

The wheat complex is trading with losses across most contracts so far on the Thursday session. Chicago SRW futures are down 9 to 10 cents in most contracts. KC HRW futures are down 5 to 6 cents at midday. MPLS spring wheat is steady to a penny lower. Crude oil...

Barchart · Apr 17

Alaska Air Stock Rockets 13% on Oil Price Relief Ahead of Q1 Earnings Amid Hawaiian Integration

Alaska Air Group Inc. shares surged more than 12 percent in morning trading Friday as plunging oil prices following the Middle East ceasefire delivered welcome relief to fuel-burdened airlines and boosted sentiment across the sector ahead of the carrier's first-quarter earnings next week.

International Business Times · Apr 17

Oil's well that ends well? Trump claims nuke deal with Iran to end Hormuz horror

TOI correspondent from Washington: US President Donald Trump announced on Friday that Iran has agreed to give up its enriched uranium and reopen the Strait of Hormuz - in return for unspecified rewards and concessions, according to reports.

The Times of India · Apr 17

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Doom co-designer still has the real chainsaw that inspired the OG FPS's iconic weapon, even though it leaks oil and "was kept in a bowl at the id offices"

"Tom Hall's Eager Beaver chainsaw" has a heck of a legacy

GamesRadar · Apr 17

Iran has reopened the Strait of Hormuz—but experts say Iran has a card ‘like a nuclear deterrent’

Oil prices plunged 10% on Friday’s announcement, but two veteran energy analysts say the celebration might be premature.

Fortune · Apr 17

Sugar Prices Sink as Crude Oil Plunges

May NY world sugar #11 (SBK26 ) today is down -0.41 (-3.00%), and Aug London ICE white sugar #5 (SWQ26 ) is down -7.10 (-1.70%). Sugar prices are sinking today, with NY sugar falling to a 5.5-year nearest-futures low. Today's -12% plunge in crude oil prices (CLK26) is hammering sugar...

Barchart · Apr 17

Oil flows from Russia via Druzhba pipeline to Hungary could resume next week, Magyar says

The pipeline, which delivers Russian oil to Hungary via Ukraine, has been a source of contention between Budapest and Kyiv after flows were stopped when it sustained damage in a drone strike.

Euronews · Apr 17

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Oil price plummets as Iran declares Hormuz open

‘For stock and bond market bulls around the world, this is the perfect end to the week,’ said Kathleen Brooks, research director at XTB.

Evening Standard · Apr 17

The Strait of Hormuz is opening for business

The possibility of a prolonged disruption to the supply of crude oil, liquefied natural gas, fertilizer and other commodities looks to be off the table.

Axios · Apr 17

The Supreme Court hands a win to oil and gas companies fighting environmental lawsuits in Louisiana

The Supreme Court is handing a win to oil and gas companies fighting lawsuits over coastal land loss and environmental degradation in Louisiana

The Independent UK · Apr 17

Crude Oil Prices Plunge on Opening of the Strait of Hormuz

May WTI crude oil (CLK26 ) today is down -11.82 (-12.48%), and May RBOB gasoline (RBK26 ) is down -0.2138 (-6.76%). Crude oil and gasoline prices have plummeted today, with crude falling to a 5-week low and gasoline sliding to a 1-week low. Energy prices sank today after Iran said...

Barchart · Apr 17

Trump declares ‘victory’ over Iran and bashes ‘useless’ NATO allies after Strait of Hormuz is reopened

Trump claims the dispute over the key maritime chokepoint has been resolved

The Independent UK · Apr 17

S&P 500 and Nasdaq 100 Soar to Record Highs as Middle East Tensions Ease

The S&P 500 Index ($SPX ) (SPY ) today is up +1.28%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +2.07%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.326%. June E-mini S&P futures (ESM26 ) are up +1.35%, and June E-mini Nasdaq futures...

Barchart · Apr 17

Oil price drops below $90 a barrel after Iran says strait of Hormuz is open

Gas price also falls and markets rise amid hopes Donald Trump will succeed in reaching deal with Tehran

The Guardian - UK · Apr 17

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Reason · Apr 17

California Progressives Want 'Big Oil' To Fix an Insurance Crisis Created by the State's Price Controls

Instead of confronting the problems with the state's heavily regulated insurance market, lawmakers are looking for a scapegoat.

The Independent UK · Apr 17

Colombia's environment minister says Middle East crisis should speed energy transition

Colombia’s environment minister said global crises, including conflict in the Middle East, should accelerate the shift away from fossil fuels, even as geopolitical tensions complicate the energy transition

Barchart · Apr 17

Dollar Sinks as Iran Says Hormuz is Open

The dollar index (DXY00 ) today fell to a 7-week low and is down by -0.45%. The dollar is under pressure today in hopes that an end to the war in Iran is near, curbing safe-haven demand for the dollar. Also, today's rally in stocks has reduced liquidity demand for...

Evening Standard · Apr 17

Oil prices drop sharply and global markets surge as Strait of Hormuz reopened

Brent crude fell more than 10% to just under 89 US dollars a barrel in afternoon trading as Iranian authorities said the strait has fully reopened.

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Barchart · Apr 17

Stocks Rally as Iran Announces Strait of Hormuz is “Completely Open”

The S&P 500 Index ($SPX ) (SPY ) today is up +0.87%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.33%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.86%. June E-mini S&P futures (ESM26 ) are up +0.93%, and June E-mini Nasdaq futures...

International Business Times UK · Apr 17

Global Oil Prices Collapse as Iran Flashes Green Light at Hormuz, but Trump Refuses to Blink on Naval Blockade

Oil prices plunged after Iran declared the Strait of Hormuz fully open to commercial shipping during the Israel–Lebanon ceasefire, while Donald Trump insisted the US naval blockade of Iranian ports would remain

Axios · Apr 17

Oil prices plunge on claims Strait of Hormuz is open

Prices dropped over 10% Friday after President Trump and an Iranian official separately claimed the Strait of Hormuz is open.

Evening Standard · Apr 17

Oil price falls as Iran says Strait of Hormuz ‘completely open’

The announcement came as Sir Keir Starmer and Emmanuel Macron led talks in Paris to safeguard the oil and gas shipping route after the Iran war.

The Independent UK · Apr 17

Household energy bills ‘set to rise by lower-than-first feared’ in July

Wholesale energy costs are not seen coming back down to pre-war levels until the Strait of Hormuz is reopened

Evening Standard · Apr 17

Fuel prices dip for first time since start of Iran oil crisis

The RAC said ‘drivers will be relieved’.

Fortune · Apr 17

Current price of oil as of April 17, 2026

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

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