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The Latest Breaking News from Oil

Breaking Live 8 publishers covering this story in the last 6 hours

22m ago Germany has finalised an $8 billion deal with India for next-generation submarines: Jasper Weick
1h ago Kevin Warsh might have to get a lot less popular on Capitol Hill as bond yields soar and rate expectations turn hawkish
1h ago Brent Oil Could Skyrocket Past $150 If Wars Continue. Bank of America Warns Supply Crunch Could Last Into 2027.
1h ago Backlash as Indian oil heir made professor of sustainability by Newcastle University
1h ago Global Market: Eurozone bond selloff eases as yields remain near multi-year highs

War in Iran is boosting profits for oil and defense companies as US gas prices soar

As Americans struggle with rising prices, Lockheed Martin, Shell and other companies are experiencing gains

The Guardian - US · Apr 6

Ukraine launched 7,347 drones at Russia in March, outpaces Moscow for first time since 2022

Ukraine has outpaced Russia in drone attacks for the first time since the war began. Kyiv's forces targeted Russian oil infrastructure, aiming to disrupt funding for the conflict. Russia reported intercepting a record number of Ukrainian drones. Both nations continue to rely heavily on long-range strikes, raising concerns about the…

The Times of India · Apr 6

Stocks Set to Open Higher on U.S.-Iran Ceasefire Hopes, U.S. Inflation Data Awaited

June S&P 500 E-Mini futures (ESM26) are up +0.51%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.81% this morning, pointing to a higher open on Wall Street after the long weekend as hopes for a ceasefire in the U.S. war with Iran outweighed a series of aggressive threats…

Barchart · Apr 6

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Thousands of small UK firms’ energy bills set to more than double due to Iran war

Companies using heating oil have already begun rationing their fuel use, says Federation of Small Businesses

The Guardian - UK · Apr 6

Oil prices surge again after Trump issues new threat to Iran

IN FULL

The Independent UK · Apr 6

Iran warns of 'devastating' retaliation in defiant stance as Trump deadline to 'unleash hell' looms

Trump shared an expletive-laden social media post threatening further bombardment if Iran doesn’t open the Strait of Hormuz

Evening Standard · Apr 6

A Russian attack kills 3 in Odesa while Ukraine targets Russian oil infrastructure, officials say

Ukrainian officials say a Russian drone attack on Odesa has killed two women and a toddler

The Independent UK · Apr 6

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OPEC+ to hike crude output: Will it make a difference to oil prices?

The Organization of the Petroleum Exporting Countries and its allies (OPEC+) has agreed ‌to increase its crude output as the Middle East conflict continues to disrupt oil traffic passing through the Strait of Hormuz.

Euronews · Apr 6

Ukrainian forces operating in western Libya as covert war grows

Ukrainian military forces are operating in western Libya and were behind a recent attack on a Russian tanker in the Mediterranean, an RFI investigation has found. The findings point to a largely covert confrontation between Kyiv and Moscow as they compete for influence on Libyan territory, four years into their…

Radio France Internationale · Apr 6

Oil back above $110 as Asian markets react to Trump’s expletive-laden threat to Iran

Trump issues new ultimatum to Tehran to end its chokehold over major Persian Gulf waterway

The Independent UK · Apr 6

Trump Truth Social: 'Power Plant Day' Warning Sparks Panic as Iran Defies Strait of Hormuz Demand

Could Trump's Truth Social post on 'Power Plant Day' escalate Iran tensions and disrupt global oil markets? Analysts and politicians react

International Business Times UK · Apr 6

Cruise ship caught on reef off tiny Fiji island where Cast Away filmed

Salvage crews work to avoid oil spill after Fiji Princess cruise ship grounded off Monuriki Island on Saturday

The Guardian - AU · Apr 6

Donald Trump asks Tehran to open Strait of Hormuz; Iran says 'lost the keys': Where things stand after a month of war

US President Donald Trump has once again raised the stakes in the ongoing Middle East conflict, demanding that Iran reopen the Strait of Hormuz by a self-imposed Tuesday deadline or face sweeping military strikes. His latest warning, delivered in blunt and aggressive language, comes after weeks of escalating hostilities that…

The Times of India · Apr 6

Asian shares mostly gain while oil prices keep rising

Asian markets that are open for trading are mostly rising as investors continue to closely watch the war in Iran, soaring oil prices and what President Donald Trump might say next

The Independent UK · Apr 6

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The Times of India · Apr 6

'Dragging US towards living hell': Iran slams Trump's 'Tuesday threat' over Strait of Hormuz closure

Iran has strongly responded to US President Donald Trump's recent threat concerning the Strait of Hormuz. Tehran's Parliament Speaker accused Trump of reckless escalation driven by Israeli interests. Trump had issued an ultimatum demanding the reopening of the vital oil route. Iran rejected the threat, with military officials calling Trump's…

The Guardian - AU · Apr 6

Ukraine war briefing: Russian oil facilities burn as Zelenskyy tours Middle East

Repairs will be slow and costly, pro-Russian bloggers complain; Ukraine’s president says Iran war is benefiting Moscow. What we know on day 1,503

AAP · Apr 6

Consumer spending and confidence in the spotlight

Analysts and governments will pore over latest economic data this week for more insight into the devastating impact of soaring fuel prices on the nation.

Bangkok Post · Apr 6

Diesel now over B50 per litre

Diesel prices rose another 2.80 baht a litre at 5am on Sunday as the state Oil Fuel Fund cut the diesel price subsidy.

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Fortune · Apr 5

Oil climbs and stock futures drop as fuel shortages spread while Trump makes series of apocalyptic threats against Iran ahead of moving deadline

Trump told ABC News that if Iran doesn’t make a deal, “their whole country is gone.”

Axios · Apr 5

Oil climbs anew on mixed signals about Iran war's future

President Trump has signaled major escalation, but also told Axios that the U.S. is in "deep negotiations" with Iran.

Evening Standard · Apr 5

Scientists find way to make healthier and ‘oozier’ vegan cheese

Vegan cheese is typically made from a combination of starch and solid fats like coconut or palm oil.

International Business Times UK · Apr 5

Deadline Day: Iran Rejects Trump's Ceasefire as Global Oil Supply Hangs in Balance

Iran rejects Donald Trump's temporary ceasefire proposal, refusing to reopen the Strait of Hormuz as global oil markets brace for unprecedented disruption and potential military strikes.

The Independent UK · Apr 5

Scientists find way to make a healthier and ‘oozier’ version of vegan cheese

The team achieved the feat using a process called oleogelation

Barchart · Apr 5

The Market Isn’t Pricing War. It’s Pricing What Comes After

Markets aren’t reacting to war; they’re repricing what the war forces to break.

Barchart · Apr 5

Iran War, Inflation Reading and Key Things to Watch this Week

Markets enter a critical week following Friday's Good Friday employment report that will be digested through Sunday evening futures reactions, while focus shifts to a busy economic data schedule culminating in dual inflation readings—Thursday's February Core PCE Price Index and Friday's March CPI both at 8:30am.

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