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The Latest Breaking News from Oil

Another oil tanker hit by drone boat as Strait of Hormuz tensions rise

An oil tanker has been struck near the Strait of Hormuz, marking another attack in the area that triggered an explosion and left one crew member dead.

Euronews

‘A world chained to fossil fuels’: Does the war on Iran prove it’s time to quit oil for good?

After Iran warned that the Strait of Hormuz was closed for navigation, climate groups have urged governments to focus on clean energy.

Euronews

Oil prices surge as Strait of Hormuz tanker disruptions rattle global supply

Oil prices have jumped as tanker disruptions near the Strait of Hormuz raise fears about supply shortages from the Persian Gulf

The Independent UK

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US-Israel strikes in Iran: Indian national killed in attack on oil tanker off Oman coast

An Indian national has died after an oil tanker, the MKD VYOM, was attacked by an unmanned boat off the coast of Oman. The strike caused a fire and explosion in the vessel's engine room. This incident occurs amid heightened tensions and ongoing retaliation campaigns in the Gulf region.

The Times of India

European markets slide as Iran ‘war trade’ joins the global AI ‘scare trade’

Opening this morning for the first working day since the military attacks this weekend, European stock markets slumped, and the price of oil and gas surged.

Fortune

Oil, gas and stocks fluctuate over Iran war – what does it mean for your money, pension and energy prices?

The latest conflict, which is spreading across the Middle East, will have a significant knock-on effect in terms of inflation, interest rates and commodity prices

The Independent UK

Exxon Mobil Stock Rallies on Oil Price Surge Amid U.S.-Iran Conflict Escalation

Shares of Exxon Mobil Corp. (NYSE: XOM) climbed sharply in early trading Monday as escalating U.S.-Iran military conflict drove oil prices higher, boosting prospects for the world's largest publicly traded oil company amid fears of supply disruptions in the Middle East.

International Business Times

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Oil Companies Warned Against Raising Petrol Prices Amid Middle East Conflict

A spokesperson from the NRMA has said that Australian drivers should not panic over the possibility that petrol prices will rise significantly.

International Business Times

Stocks plunge in global selloff, but some on Wall Street are looking for assets that respond well to war

Wells Fargo’s Ohsung Kwon argued that traders should buy the dip.

Fortune

Oil Prices Surge as Attacks on Ships Near Strait of Hormuz Heighten Fears of Supply Disruptions

Global oil prices jumped sharply Monday as attacks on multiple commercial vessels near the Strait of Hormuz, amid escalating conflict between Iran, the United States and Israel, raised alarms over potential interruptions to roughly one-fifth of the world's seaborne crude supplies.

International Business Times

Saudi Aramco Stock Surges Amid Geopolitical Tensions Following Drone Strike on Ras Tanura Refinery

Shares of Saudi Arabian Oil Co., commonly known as Saudi Aramco, climbed sharply in recent trading sessions as escalating Middle East tensions, including a reported drone strike on one of its key facilities, rattled regional markets while boosting investor interest in the world's largest oil producer.

International Business Times

Saudi Aramco Shuts Down Ras Tanura Refinery After Iranian Drone Strike

Saudi Arabia's state oil giant Aramco halted operations at its massive Ras Tanura refinery on Monday after a drone strike targeted the facility, an industry source told Reuters, marking a dramatic escalation in the regional conflict as Iran retaliated against U.S. and Israeli strikes that killed Supreme Leader Ayatollah Ali…

International Business Times

How will UK petrol prices be affected by US-Iran war and rising cost of oil?

Prepare for ‘record prices at the pumps’, a motoring industry leader has warned

The Independent UK

Iran Launches Missile and Drone Barrage on Israel, Gulf States; Ras Tanura Oil Hub Hit

Tensions between the United States–Israel alliance and Iran escalated sharply on Monday as Tehran launched a new wave of missile and drone strikes targeting Israel and several Gulf states, marking a significant expansion of the ongoing regional confrontation.

Whats Hot

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Whats Hot

Middle East on Brink After US–Israel Strike Kills Iran’s Supreme Leader

A dramatic escalation in the Middle East has followed a joint United States–Israeli military operation that reportedly killed Iran’s Supreme Leader, Ayatollah Ali Khamenei, triggering retaliatory strikes across the region and raising fears of a broader conflict.

MyLifeXP

How to Host a Memorable Holi Get Together at Home

Holi is more than just color playing. It is about making joyful memories with the people who are most important to you. You have complete control over the setting, guest list, and activities when you host a Holi gathering in your house. Even a straightforward party at home can feel…

Euronews

European stocks dip as Gulf exchanges stay shut following Iran strikes

European markets opened in deep negative territory as crude oil prices rose in early trading, alongside gold and other precious metals. US futures are also down as global markets react to the Iran conflict.

The Independent UK

Iran says US-Israeli attacks have killed 555 people so far in Iran

The Iranian Red Crescent Society says that the U.S.-Israeli airstrike campaign targeting Iran has killed at least 555 people so far in the Islamic Republic

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The Times of India

Watch: Saudi Aramco oil refinery, one of the Middle East’s largest hubs, hit by Iranian drone

Saudi Aramco's Ras Tanura refinery facility was struck by a drone, leading to its shutdown and exacerbating global supply concerns. This incident follows attacks on vessels in the Strait of Hormuz, nearly halting oil shipments. The drone strike is part of a wider regional escalation, with other Gulf states also…

Evening Standard

Oil prices jump and markets slide after strikes across Middle East

International financial markets also opened weaker in the face of the growing conflict between Iran and US-Israeli forces.

Euronews

Newsletter: World on knife-edge as US-Israel war with Iran risks spillover

Also in this newsletter: Croatia's PM weighs in on the ongoing energy dispute pitting Hungary and Slovakia against Ukraine.

The Independent UK

Israel launches deadly strikes on Beirut after Hezbollah fires missiles across border

Israel launched strikes on Lebanon's capital, Beirut, after Hezbollah fired missiles across the border, following earlier US and Israeli attacks across Iran. The escalating conflict has resulted in significant casualties, with 31 reported dead in Beirut, three US service members killed, and 11 fatalities in Israel, including nine in a…

International Business Times UK

Iranian Rial to USD Hits Record Low Amidst Real 'WW3' Fears and Current Air Strikes

The Iranian rial has hit a record low against the USD amid escalating geopolitical tensions, leaving the economy in turmoil.

The Guardian - UK

FTSE 100 share index records biggest fall since November as Iran war drives up oil and gas prices – as it happened

US-Israel war with Iran hits shares in travel companies, and the pound, although oil producers and weapons makers are rallying

Whats Hot

US-Israel Strike on Iran Kills Khamenei, Region on Edge

A joint US–Israeli military operation targeting Iran has reportedly killed Iran’s Supreme Leader, Ayatollah Ali Khamenei, triggering retaliatory strikes across the region and sharply escalating tensions in the Middle East.

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