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The Latest Breaking News from Oil

Trump to announce coalition to lead ships through Strait of Hormuz amid Iran War

President’s team spent much of last week vowing that U.S. would reopen key waterway and oil shipping route

The Independent UK

The Iran crisis is hitting KiwiSaver balances – but market volatility can work for you too

As well as checking the news for updates on events in the Middle East, many New Zealanders are also nervously checking their KiwiSaver balances.

The Conversation

Trump’s UN ambassador declares ‘dominant victory’ in Iran — then says Pentagon could still send in US troops

Former Trump White House adviser can’t say if other countries have signed on to protect shipping traffic in Strait of Hormuz

The Independent UK

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Starmer and Trump discuss ‘importance’ of reopening Strait of Hormuz

Tehran’s stranglehold on oil tankers passing through the narrow sea passage has driven energy prices up across the world.

Evening Standard

EU weighs extending naval mission Aspides to Strait of Hormuz amid Iran crisis

EU foreign ministers meeting in Brussels on Monday are set to discuss extending the bloc's naval mission Aspides to the Strait of Hormuz, as the Iran war pushed global energy prices up. Over the weekend, US President Trump called on several countries to send ships to secure the passage.

Euronews

Initiative may be slipping away from US and Israel as Middle East crisis deepens

There is little sign of imminent regime change in Iran as its blockade of strait of Hormuz shocks global economy

The Guardian - UK

Iran insists it will fight for ‘as long as it takes’ after Trump says he’s not ready for peace deal

War between US-Israel and Iran enters third week as leaders on both sides signal a push to continue conflict

The Independent UK

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US energy chief has dire prediction about gas prices under Trump

Trump’s war will end in ‘weeks’ but oil prices will be ‘elevated’ until it concludes, Chris Wright warns

The Independent UK

Iran War, Fed Conundrum and Other Key Things to Watch this Week

Markets face one of the year's most consequential weeks as the Federal Reserve's March meeting on Wednesday at 2:00pm arrives amid extraordinary economic crosscurrents

Barchart

Oil company shares soar to all-time highs as Middle East war turbocharges price per barrel

Energy supply shock from US-Israeli attack on Iran fuels record valuations for Shell, ExxonMobil and Chevron

The Guardian - UK

Zelenskyy blasts Trump after a shocking decision rocks Ukraine’s war efforts

Ukrainian President Volodymyr Zelenskyy has condemned the recent US decision to ease some sanctions on Russian oil sales, a move he says “certainly does not help achieve peace” and could be worth a staggering $10 billion to Russia. This unexpected move from President Donald Trump has sparked widespread criticism from…

The Mary Sue

Trump promised Oil money, so his minion used emergency powers to restart disastrous oil spill pipeline

Another attempt by the Administration to force compliance so that Trump gets what he wants.

We Got This Covered

Kharg Island: Trump's mercy shot on Iran's oil lifeline could reshape the war

The US has conducted airstrikes on military installations on Iran's Kharg Island, a vital oil export hub, while largely sparing oil infrastructure. President Trump cited "reasons of decency" but warned of reconsideration if shipping through the Strait of Hormuz is threatened. The move highlights the island's strategic importance for Iran's…

The Times of India

Trump’s call for allied deployment to strait of Hormuz meets muted response

UK and Japan among countries that are considering options but yet to commit warships to blockaded shipping route

The Guardian - UK

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Inverse

55 Weird Things for Your Dog That Are Actually So Dope

If your fur pal could use some fan-favorite meal toppers, weird-but-irresistible toys, or even a plush bathrobe just for them? Keep scrolling.

GOBankingRates

Rising Oil Prices Could Erase Your Tax Refund Gains

Many Americans hoping to receive a number of tax advantages from the passage of the OBBBA in 2025 may see those gains disappear if oil prices continue to climb.

The Guardian - UK

US not ready to seek deal to end war with Iran, Donald Trump says

Tehran wants ceasefire but terms ‘not good enough yet’, US president claims, as both sides launch new waves of strikes

The Independent UK

‘Black rain’ falls in Iran as toxic smoke billows from bombed oil depots

Clouds of toxic smoke released into the atmosphere by U.S.-Israeli airstrikes on Iran's oil facilities returned to earth in the form of “black rain,” prompting warnings of serious risks to the public.

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Radio France Internationale

Congo-Brazzaville's Sassou Nguesso set to extend four-decade rule

Congo-Brazzaville holds elections Sunday in a vote expected to extend 82-year-old President Denis Sassou Nguesso's more than four decades in power in the oil-rich central African country. Observers say voter turnout could reach a record low.

Evening Standard

Government ‘standing by British people’ Miliband says amid fuel duty questions

Ministers have faced calls from their political rivals to U-turn on the planned 1p tax hike in light of the oil price spikes caused by the war.

Evening Standard

Donald Trump and Keir Starmer hold crisis talks on opening Strait of Hormuz closed by Iran attacks on tankers

Cabinet minister Ed Miliband confirmed that Britain is considering deploying de-mining drones to the Middle East

The Independent UK

As other Iran‑allied groups are engaging in the Mideast war, Yemen's Houthis hold back

Yemen’s Iran-backed Houthi rebels are staying on the sidelines as the Iran war expands

Evening Standard

Fuel duty hike could be scrapped if Middle East war drags on, Miliband suggests

The Energy Secretary said the Government will ‘stand by the British people’ as ministers consider whether to ditch a planned rise in fuel duty amid surging oil prices

International Business Times

Oil Prices Surge Again as Middle East Supply Risks Mount, Pressuring Markets

Oil prices continue to act as a major macro driver in the short term, boosting energy sector stocks while dragging on growth‑oriented sectors and reinforcing investor caution across global markets.

International Business Times

UAE Reports Early Sunday Missile Attack As Iran Says US Used Its Territory For Strikes

Debris from an intercepted Iranian drone struck a major oil facility at the port of Fujairah, sparking a fire and leading authorities to temporarily halt some oil‑loading operations at the strategic export hub.

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