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The Latest Breaking News from Oil

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

30m ago China-Iran arms supply exposed: Report details dual-use air bridge; Washington debates pushback
32m ago Germany to abandon fossil fuels by 2045. How does the rest of Europe compare?
1h ago 50 litres per customer: Private pumps ration diesel as oil shock deepens
1h ago Diesel prices across Australia could surge beyond $3 a litre as Trump eyes cut to US fuel exports
1h ago Markets mixed as investors eye oil price volatility and US bonds

Will shipping in the strait of Hormuz – and oil prices – return to normal?

Analysts say doubts over stability of the ceasefire and damage to production sites mean the energy crisis is far from over

The Guardian - UK · Apr 8

Stocks surge and oil tumbles amid US-Iran ceasefire

The FTSE 100 closed up 260.09 points, 2.5%, at 10,608.88.

Evening Standard · Apr 8

Iran Moves to Tighten Control Over Strait of Hormuz Amid Fragile Ceasefire

Iran is seeking to assert greater control over the strategically vital Strait of Hormuz during a delicate two-week ceasefire, introducing a controversial proposal that could reshape maritime transit in the region. The plan involves mandatory monitoring of all vessels and an unusual requirement for oil tankers to pay transit fees…

Whats Hot · Apr 8

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Strait of Hormuz: How Trump gave Iran a weapon deadlier than any nuke

A recent conflict has shifted control of the vital Strait of Hormuz. Iran may now charge transit fees for ships passing through. This follows a US-Iran ceasefire agreement. The situation signals a significant change in regional maritime control. Global oil trade routes are impacted by these developments.

The Times of India · Apr 8

Delta CEO braces flyers for higher fares amid surge in oil prices tied to Iran war

Airline projected a $2bn increase in fuel costs this quarter amid volatility in oil markets sparked by the war

The Guardian - US · Apr 8

Crude Prices Plummet on US-Iran Ceasefire Agreement

May WTI crude oil (CLK26 ) today is down -17.10 (-15.14%), and May RBOB gasoline (RBK26 ) is down -0.3070 (-9.29%). Crude oil and gasoline prices are falling sharply today, with crude sliding to a 1.5-week low and gasoline falling to a 2-week low. Crude prices plunged today after the...

Barchart · Apr 8

Easing Geopolitical Tensions Push Stocks Sharply Higher

The S&P 500 Index ($SPX ) (SPY ) today is up +2.04%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +2.25%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.52%. June E-mini S&P futures (ESM26 ) are up +2.17%, and June E-mini Nasdaq futures...

Barchart · Apr 8

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Pakistan Fuel Crisis: Price Shock, Protests, and a Swift Government U-Turn

The recent surge in global oil prices, driven by escalating US-Iran tensions and the closure of the Strait of Hormuz, has sent shockwaves across economies worldwide. As one of the most critical oil transit routes—handling nearly 30% of global crude supply—its disruption has intensified fears of a looming energy crisis.…

Whats Hot · Apr 8

Starmer Heads to Gulf as UK Pushes to Secure Hormuz Lifeline After Ceasefire

Keir Starmer is heading to the Gulf in a high-stakes diplomatic push to secure the long-term reopening of the Strait of Hormuz following a fragile ceasefire between the United States and Iran. The narrow waterway, critical for global oil and gas shipments, has been at the center of escalating tensions…

The Times of India · Apr 8

Is Australia headed for a recession? I hope not - but the RBA should be more worried

In backing down on his threats to destroy Iranian civilisation, Donald Trump has lessened concerns of a recession in Australia – at least for now

The Guardian - AU · Apr 8

Oil Prices Crash 15% Overnight—Markets Explode After Shock US–Iran Ceasefire

A surprise ceasefire between the US and Iran has led to a sharp drop in oil prices and a rally in global stock markets, easing fears of prolonged disruption.

International Business Times UK · Apr 8

Will an Iran ceasefire lower energy bills?

The announcement of a two-week ceasefire in the Middle East has triggered an immediate drop in oil and natural gas prices, raising hopes for lower energy bills. However, consumers might not see the effects for several months, even though the oil industry has issued some optimistic forecasts.

Euronews · Apr 8

Several US airlines raise baggage fees as Iran war sends fuel costs soaring

Delta, United and JetBlue hiked rates even as Delta announced $1bn pre-tax profit in quarter ending June

The Guardian - US · Apr 8

5 Grocery Items Seeing the Sharpest Price Increases This Month

Balancing a household budget is difficult when the target constantly moves. The cost of food remains historically high, but the inflation is not uniform across the store. Certain aisles are experiencing sudden and aggressive price spikes. These increases stem from global agricultural shortages and complex supply chain failures. If you…

Grocery Coupon Guide · Apr 8

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The Independent UK · Apr 8

Trump says charging countries to use Strait of Hormuz could be ‘joint venture’ with Iran: ‘It’s a beautiful thing’

Iran wants to keep charging commercial ships to pass through the waterway - a move that could be in breach international law but could reportedly rake in millions of dollars

The Independent UK · Apr 8

Dow Jones ends day on historic note as investors rush to buy after Trump’s Iran ceasefire deal

Market rebound comes as President Trump struggles with low approval ratings over his Iran war

Barchart · Apr 8

Did Watson Blow a Fuse With the Latest TACO Tuesday Trade?

After bouncing back and forth all day Tuesday, algorithms got the headline Tuesday night that the US president had backed off his threat to end Iran's civilization forever. Markets responded accordingly.

The Independent UK · Apr 8

US-Iran war will still hit energy bills despite ceasefire, experts warn

Gas prices are ‘likely to stay elevated’ for some time, one consultant said

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RideApart · Apr 8

Are You And Your Bike Ready For Spring? This Vintage Yamaha Is Just About There

No matter how old your bike is, it's good to check that all your maintenance items are ticked off the list before you head out for fun.

MarketBeat · Apr 8

Helium Stocks Soar on Conflict and Chip Demand: 5 Names to Know

Oil stocks aren't the only ones getting a huge boost from the conflict in Iran. See why helium stocks are also putting up big-time returns.

Barchart · Apr 8

Stocks Soar as US and Iran Agree to a Ceasefire

The S&P 500 Index ($SPX ) (SPY ) today is up +2.35%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +2.78%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.89%. June E-mini S&P futures (ESM26 ) are up +2.31%, and June E-mini Nasdaq futures...

International Business Times · Apr 8

Oil's Sharpest Slide In Years: How Rare Is This Kind Of Plunge And What It Signals

Experts note that while short-term relief has emerged, structural supply constraints and global demand trends may continue to drive volatility, highlighting the oil market's sensitivity to geopolitical risk.

International Business Times · Apr 8

Key Saudi Pipeline To Red Sea Hit By Iranian Drone Attack Despite U.S.-Iran Ceasefire Announcement

A key Saudi pipeline taking oil to the Red Sea was hit by a drone attack on Wednesday, hours after a regional ceasefire between the U.S. and Iran was announced, according to a new report.

The Independent UK · Apr 8

Takeaways from AP’s story on how oil drilling is fueling a migrant surge in Brazil's Amazon

Exploratory oil drilling off the coast of Brazil’s Amazon rainforest is reshaping life in Oiapoque, a small city in the poor state of Amapa that is receiving thousand of migrants looking for work

The Independent UK · Apr 8

'I'm going there.' Oil drilling fuels a migrant surge in isolated city in Brazil's Amazon

Exploratory oil drilling off the coast of Brazil's Amazon rainforest are reshaping life in Oiapoque, a small city in the poor state of Amapa that is receiving thousand of migrants looking for work

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