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The Latest Breaking News from Oil

'Unpredictability and instability' the biggest dangers to economy, says Estonian finance minister

At a meeting in Brussels on Tuesday, the 27 EU finance ministers considered the economic consequences of the war in Iran. Interviewed by Euronews, Estonian Minister Jürgen Ligi said he believed the bloc could rise to the challenge.

Euronews

Why the Smart Money May Be Abandoning the Bull Case for Chevron Stock

While the Iran conflict potentially offers cynical opportunities, the big surge in CVX stock and other integrated oil giants could be due for a correction.

Barchart

'Self-defeating': EU and US clash over Russia sanctions relief as prices soar

Granting sanctions relief to Russia would be "self-defeating", Commissioner Valdis Dombrovskis said after Donald Trump's announcement.

Euronews

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Stocks Pressured By Higher Bond Yields and Persian Gulf Strikes

The S&P 500 Index ($SPX ) (SPY ) is down -0.04%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.13%. March E-mini S&P futures (ESH26 ) are down -0.16%, and March E-mini Nasdaq futures (NQH26...

Barchart

Trump’s re-election may have helped Albanese – but the US war in Iran is creating economic conundrums

Resurgent inflation, already a factor before the Middle East conflict, now risks intensifying, creating a problem for the prime minister

The Guardian - AU

If there was ever a moment for Australia’s shift to renewables and EVs, this is it

Yes, Australia needs fuel. But the Middle East war also shows the necessity of setting ourselves up for the future

The Guardian - AU

‘It’s making everything worse’: Americans fume as gas prices spike across US amid Iran war

A sharp increase in fuel prices following the US-Israel military strikes on Iran has sparked anger and anxiety among Americans, many of whom say the war is hitting them directly every time they stop at the pump.

The Times of India

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Limited menus, closures: Iran conflict hits Indian hotels as LPG shortage spreads

Patrons in Bengaluru and Chennai walked into eateries on Tuesday, March 10, only to see some of their favourite dishes missing, smaller menus and talks of closure in a few days. The looming shortage of commercial Liquefied Petroleum Gas (LPG) supply in the face of the war against Iran by…

Newslaundry

China in Africa: investment and trade work well when there’s strong oversight, and badly when there isn’t

China’s economic footprint in Africa has grown fast over the last two decades. Across the continent, Chinese-backed mines, oilfields, railways and industrial zones have gone from being ambitious projects to central pillars of national development plans.

The Conversation

Oil Prices Cool Back Down After Trump Declares Iran War 'Pretty Much' Complete

Oil prices retreated back down below $100 after President Trump made said that he thought the Iran war "is very complete, pretty much."

International Business Times

In a time of war with Iran, Americans unite in aggravation over sticker shock at the gas pump

It seems that a country divided on many fronts is finding common ground at the gas pumps

The Independent UK

A tiny island in the Persian Gulf could be Trump’s secret weapon against Iran

Kharg island holds 94 per cent of Iran’s oil exports and could choke off the country’s economy for years

The Independent UK

Iran war shocks continue to ripple through the global economy

The Iran war is driving up energy and fertiliser prices, threatening food shortages in poor countries, destabilising fragile states and complicating inflation control at central banks worldwide.

Euronews

'Don't get eliminated yourself': Iran warns Donald Trump, slaps down 'empty' threats

Iran's security official warned President Trump to be careful after the US leader threatened harsher retaliation for any Strait of Hormuz disruption. Tehran continues regional attacks, with missile and drone strikes hitting Dubai, Bahrain, Saudi Arabia, and Kuwait. Iran's parliament speaker indicated no ceasefire is sought, emphasizing retaliation against aggressors.…

The Times of India

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Barchart

Soybeans On the Higher Side to Kick Off Tuesday Trade

Soybeans are showing fractional to 2 cent gains early on Tuesday. Futures posted losses of 4 to 5 cents in the front months on Monday, retreating from overnight highs on losses in crude oil. Preliminary open interest was down 4,779 contracts on Monday, mainly in the old crop contracts. There...

Euronews

‘Serious water crisis’ on horizon as Middle East’s desalination plants hit and acid rain falls

Experts warn that the Middle East’s ‘saltwater kingdoms’ are at risk as vulnerable desalination and oil plants become targets.

The Independent UK

Second Royal Navy ship readied to respond to Iran crisis after HMS Dragon criticism

RFA Lyme Bay could be deployed to the eastern Mediterranean if the conflict continues

GOBankingRates

Gas Prices Have Been Surging Amid Iran War — How To Save Money at the Pump Now

Gas prices have surged above $3 a gallon in many states as the Iran conflict fueled oil volatility. See where prices jumped and how to save at the pump.

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International Business Times

Airline Shares Hammered, Travelers Hit With Surging Fares Amid Middle East Tensions

Airline stocks fall and ticket prices surge as Middle East tensions push oil and jet fuel costs higher.

The Independent UK

Pakistan switches to 4-day week and sends children home from school to preserve fuel

PM announces austerity measures including a four-day work-week for public offices and ban on iftar parties during Ramadan

Evening Standard

Second British ship being prepared to respond to Middle East crisis

RFA Lyme Bay could be sent to the eastern Mediterranean if the crisis continues.

Fortune

Trump says Iran war is 'very complete, pretty much' sparking global stock rally

But also, "we’re going to go further."

Evening Standard

Maxine Peake among 200 figures urging British Museum to support Palestine

The letter comes amid reports that the museum has removed the word ‘Palestine’ from several of its gallery displays.

The Times of India

TACO vs Tehran: Who will blink first—Trump or Khamenei?

On Day 11 of the US-Iran war, President Trump claims devastating military losses and a swift end, while Iran signals prolonged resistance. This conflict is evolving into a test of endurance, with Iran aiming to outlast Washington and Israel through attrition and disruption, while Trump faces domestic pressure from rising…

The Times of India

'More fun to sink them': Trump recounts exchange with US military after strike on Iran navy ships

US President Donald Trump said American forces sank dozens of Iranian naval vessels during the ongoing conflict with Iran, remarking that US military officials preferred destroying the ships rather than capturing them. Speaking about the attacks, Trump said he had questioned why the vessels were not seized instead of sunk.

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