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The Latest Breaking News from Oil

UK, Other Allies Weigh Hormuz Warships Role as Trump Warns NATO of 'Very Bad Future' Over Iran

As the US urges allies to send naval forces to the Strait of Hormuz, many governments are cautious, fearing escalation in the Middle East.

International Business Times

Ukraine had brutal plan to bankrupt Putin with his own war dead – until Trump’s oil U-turn wrecked it

ANALYSIS: Ukraine’s campaign to force the Kremlin into paying vast amounts of compensation for Russia’s war dead has been undermined by Trump’s oil bonus for Putin, explains world affairs editor Sam Kiley

The Independent UK

Trump asks China if visit to Beijing can be delayed a month due to Iran war

US president had earlier hinted trip could be put on hold if President Xi does not help unblock the strait of Hormuz

The Guardian - UK

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Financial help for households reliant on heating oil – who is eligible?

Home heating oil is used by around 1.5 million mainly rural households in the UK.

Evening Standard

Soybeans Falling on Monday Morning Due to Concerns Over Trump/Xi Meeting

Soybeans are trading with sharp losses out of the weekend, down 11 to 32 cents. Futures rounded out the Friday session with contracts down 2 to 6 ¼ cents across the board, as May still held up for a 24 ½ cent gain. The cmdtyView national average Cash Bean price...

Barchart

Cotton Coming out Of the Weekend with Sharp Gains

Cotton price action is up 120 to 163 points on Monday morning. Futures posted Friday gains of as little as 7 points in some deferreds, with front months up as much as 74 points. May was up 165 points on the week.. Crude oil was up $3.57 to $99.30, with...

Barchart

UK should brace for fuel rationing over Iran war crisis, former BP chief warns Starmer

Former adviser says UK should be preparing for ‘significant shortfall of supply over the next two months’

The Independent UK

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Crypto Climbs As Investors Turn To Digital Assets Amid Rising Geopolitical Tensions

Bitcoin, Ethereum and XRP post strong gains as investors increasingly view cryptocurrencies as a potential hedge against global instability and rising oil prices linked to Middle East tensions.

International Business Times

Zelenskyy resists reopening Druzhba pipeline, says 'no different' to lifting Russian sanctions

Ukrainian President insists he is personally against restoring oil flows through the damaged Druzhba pipeline, suggesting that Europe either enforces sanctions on Russia or it doesn't. Hungary insists on sabotage.

Euronews

Starmer plans Zelensky talks amid fear of Russian oil ‘windfall’

Prime Minister Sir Keir Starmer said he would soon meet Ukrainian President Volodymyr Zelensky.

Evening Standard

Africa particularly vulnerable as Iran conflict disrupts supply chains, say experts

Food production in many African countries depends heavily on fertiliser imported from the Gulf through the strait of Hormuz

The Guardian - UK

Murphy Oil Corporation Shares Hit 52-Week High of $36.90 on Analyst Upgrades and Oil Price Strength

HOUSTON — Murphy Oil Corporation (NYSE: MUR) shares rallied sharply in recent trading, closing at $36.81 on March 13, 2026, up $2.09 or 6.02% from the prior session, marking a new 52-week high amid a wave of positive analyst actions, promising developments in its Vietnam operations and sustained crude oil…

International Business Times

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

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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.

Barchart

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?

International Business Times

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…

Fortune

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.

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The Independent UK

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

IN FULL

Evening Standard

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.

Euronews

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.

Barchart

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.

Radio France Internationale

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…

The Independent UK

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

The escalating conflict has driven global oil prices

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