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The Latest Breaking News from Oil

Could Iran Close Hormuz? Experts Say It Is Not That Simple

Explore the geopolitical significance of the Strait of Hormuz and the complexities surrounding potential disruptions.

International Business Times UK

Why the Strait of Hormuz is crucial to global oil and maritime trade

The Strait of Hormuz is a key shipping lane linking the Gulf to global markets, with a large share of the world’s oil and gas passing through it daily. Disruptions caused by tensions between Iran, the US and Israel risk affecting energy supplies and international trade. Watch the video for…

Euronews

US stock market slips and oil prices leap as Iran crisis sparks inflation fears

Oil prices surged over 6% and global stock markets declined Monday following the Middle East conflict. Higher crude and natural gas prices sparked inflation fears, impacting consumer spending and specific sectors like airlines and cruise lines. Investors sought safety in gold, while Treasury yields rose, potentially complicating future interest rate…

The Independent UK

From analysis to the latest developments in health,
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Iran attack on giant Saudi refinery pushes up oil prices

"The attack on Saudi Arabia's Ras Tanura refinery marks a significant escalation," one analyst said.

Axios

Dollar Rallies as Crude Oil's Surge Curbs Fed Rate Cut Hopes

The dollar index (DXY00 ) is up by +0.88% today at a 5-week high. The dollar is climbing today as today's surge in oil prices to an 8.25-month high has boosted inflation expectations and reduced the chance for additional Fed rate cuts, a supportive factor for the dollar. Also, today's...

Barchart

Stocks Retreat as the US Attacks Iran

The S&P 500 Index ($SPX ) (SPY ) today is down -0.69%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.74%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.65%. March E-mini S&P futures (ESH26 ) are down -0.67%, and March E-mini Nasdaq futures...

Barchart

US and Israel Strikes Iran: How Middle East Tension Could Raise Fuel Prices

The recent military actions by the US and Israel against Iran have caused significant ripples in global oil markets, with potential impacts on fuel prices worldwide.

International Business Times UK

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US-Israel war on Iran dramatically expands across Middle East

US allies in Gulf states come under attack from Iranian missiles and drones as three US fighter jets mistakenly shot down by Kuwait

The Guardian - UK

Why UK fuel prices could rise amid Iran conflict

IN FULL

The Independent UK

Western coverage of Iran is like a masterclass in saying everything except who did it

A day after Iranian Supreme Leader Ayatollah Ali Khamenei was confirmed killed in joint US-Israel strikes, Iran hit back hard. American jets crashed in Kuwait. Saudi Aramco's oil facilities were struck. Missiles and drones swept across Bahrain, Saudi Arabia, Qatar, the UAE, Iraq, and Israel.

Newslaundry

Gas prices rocket as Qatar halts production after Iranian attacks

Qatar’s state-backed energy company stopped liquified natural gas production, driving a roughly 52% jump in European wholesale prices.

Evening Standard

What disrupting the strait of Hormuz could mean for global cost-of-living pressures

The narrow shipping route on Iran’s southern border carries one-fifth of global seaborne crude oil, one-fifth of LNG shipments and one-third of the most widely used fertiliser

The Guardian - AU

Fuel prices expected to rise because of Iran conflict

Disruption to tanker traffic in the Middle East has sparked a rise in oil prices, which have a significant effect on wholesale fuel prices.

Evening Standard

European gas prices jump by as much as 45% as Qatar stops LNG production

European natural gas prices surged on Monday as the escalating conflict in the Middle East caused Qatar to stop LNG production at the world’s top plant.

Euronews

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Barchart

Cotton Falling Early on Monday

Cotton price action is down 50 to 86 points so far on Monday morning. Futures posted 25 point gains across the nearby contracts on Friday, with May down 2 points on the week. December was up 40 points last week. Crude oil is up $5.07 this morning following the US/Israel...

Clever Dude

The “Beard Bacteria” Alert: Why Your Post-Workout Routine Is Trapping Harmful Minerals Against Your Skin

A great beard can project confidence, grit, and style. It can also trap sweat, minerals, and bacteria right against the skin if post-workout care falls short. That thick, proud facial hair that frames the jawline turns into a warm, damp net after a hard training session, and that net holds…

Evening Standard

Don't panic buy petrol, Londoners urged as Iran war escalates with more airstrikes

The cost of oil spiralled on global markets amid the crisis in the Middle East

Grocery Coupon Guide

6 Things to Buy at the Grocery Store for Your Home

Keeping your home clean and well-maintained usually requires an expensive trip to a big box hardware store. You wander the massive aisles buying highly specialized chemical cleaners and expensive tools just to scrub your kitchen counters. You absolutely do not need to spend a fortune on fancy brand-name solutions to…

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The Independent UK

This smoky lentil sloppy joes packs in the plant-based protein and demands napkins

Fitness pro and author Robin Arzón has a vegan lentil sloppy joes recipe that tastes hearty and smoky, without a sugary ketchup vibe

Fortune

Tariffs meet oil shock: Corporate margins face a new squeeze

Tariffs and an Iran conflict–sparked oil shock are layering costs and uncertainty onto corporate finances.

The Guardian - UK

Middle East crisis pushes up oil prices – and could drive inflation rises too

Effects of extended conflict between US and Iran could also lead to higher interest rates and hit economic growth

The Guardian - UK

First Thing: Trump says ‘likely more’ deaths of US troops before Iran conflict ends

Trump cited debunked claims in video address that Iran was on verge of nuclear weapons to justify US casualties. Plus, the teacher who exposed Putin’s primary school propaganda

The Independent UK

Five injured in huge Ukrainian drone strikes on Russian port city

Ukraine-Russia war latest: Five injured in Ukrainian drone attack on major Russian oil terminal

Evening Standard

Saudi Arabia's biggest domestic oil refinery hit by Iranian drone strike

Oil and gas output across the Middle East has been disrupted by Iranian strikes in retaliation to the attack by the US and Israel

The Independent UK

British Airways owner IAG sees stock price plummet as FTSE 100 falls in wake of Iran strikes

The prices of oil and gold have gone up but stock markets are heading in the opposite directions as investors weigh the uncertainty caused by the Middle East crisis

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