The Latest Breaking News from Oil

FTSE stocks up as Donald Trump ‘prioritises diplomatic efforts’ in Iran war

But Unilever shares fell 7.3% as it confirmed it had agreed to combine its Foods business with McCormick & Co.

Evening Standard · Mar 31

‘An idea that he has’: Trump wants Arab countries to pay for his Iran war, and the White House just confirmed it’s more than just talk

Trump’s Iran War shenanigans continue.

We Got This Covered · Mar 31

Underwater turbines are gaining government support – our research maps their global potential

Recent disruptions to oil supply in the Middle East have sent energy prices soaring, reminding countries how vulnerable they remain to imported fossil fuels. At the same time, global electricity demand is expected to almost triple by 2050.

The Conversation · Mar 31

Stocks Climb on Hopes for an End to Iran War

The S&P 500 Index ($SPX ) (SPY ) today is up +1.02%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.67%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.10%. June E-mini S&P futures (ESM26 ) are up +1.10%, and June E-mini Nasdaq futures...

Barchart · Mar 31

Cuba's Russian Oil Supply May Last Only 10 to 30 Days, Experts Say

Cuba consumes an estimated 100,000 barrels of fuel per day but produces only about 40% domestically

Latin Times · Mar 31

Four million people across the Gulf could be pushed into poverty by war in Iran, UN warns

The worst-affected would be in GCC countries and in the Levant, with each region set to lose more than 5.2 percent of their GDP

The Independent UK · Mar 31

Strait of Hormuz shutdown: What implications for Europe, for how long and how high can prices go?

The closure of the Strait of Hormuz is rattling global markets, sending energy prices soaring and fuelling fears of supply shortages. Euronews explains:

Euronews · Mar 31

Mexican President Sheinbaum Says The Country Could Go Back To Sending Oil To Cuba

Mexican President Claudia Sheinbaum said the country could go back to sending oil to Cuba, whether it is as humanitarian aid or for commercial purposes.

Latin Times · Mar 31

Markets cheer as Trump threatens to abandon the Strait of Hormuz, leaving the oil market in crisis

The White House is signaling that it’s ready to leave the strait in allies’ hands: “The USA won’t be there to help you anymore, just like you weren’t there for us.”

Fortune · Mar 31

Cuba Celebrates Arrival Of Russian Tanker To Address Acute Shortages: 'Sign Of The Brutal Siege'

A top Cuban official celebrated the arrival of a Russian tanker loaded with hundreds of thousands of oil barrels to address acute shortages taking place in the island.

Latin Times · Mar 31