The Latest Breaking News from Oil

Nasdaq Hits Correction Territory as Meta Slumps: Stock Market Today

Mega-cap stocks Meta and Alphabet weighed on the main indexes on Thursday, and surging oil prices didn't help.

Kiplinger · Mar 26

Did Iran Provide 'Big Boats of Oil' to the US Amidst Peace Negotiations With Trump?

US President Donald Trump claims Iran allowed oil tankers to pass through the Strait of Hormuz as a 'gift', amid ongoing tensions. Explore the implications of this strategic move.

International Business Times UK · Mar 26

IRGC naval commander killed in Israeli strike was hardliner who understood power of strait of Hormuz

Alireza Tangsiri oversaw technology now used to threaten strategic waterway and goaded Trump to attack oil-export hub Kharg Island

The Guardian - UK · Mar 26

Are Beans Going to Trade in the Teens?

Soybean futures have been rallying since mid-January 2026. While the price reached nearly $12.40 per bushel, it corrected sharply on March 16 to near the $11.45 level. Several factors will determine if beans can trade in the teens during the 2026 crop year.

Barchart · Mar 26

The Guardian view on China and Iran: the war poses bigger questions for Beijing than where to get its oil

Editorial: The limits of its partnership with Tehran are unsurprising. But this conflict raises broader issues for the superpower

The Guardian - UK · Mar 26

Russia Confirms It's Sending Oil To Cuba In Defiance Of U.S. Blockade: 'We Are Providing Humanitarian Support'

Russian Energy Minister Sergei Tsivilev confirmed that the country is sending fuel to Cuba, effectively defying the U.S. blockade on the island's private sector.

Latin Times · Mar 26

Crude Oil Strength Pushes Sugar Prices Sharply Higher

May NY world sugar #11 (SBK26 ) on Thursday closed up +0.32 (+2.06%), and May London ICE white sugar #5 (SWK26 ) closed up +5.60 (+1.23%). Sugar prices rallied sharply on Thursday, with NY sugar posting a 5.5-month high. Sugar prices rallied in sympathy with Thursday's +4% surge in crude...

Barchart · Mar 26

Swedish prosecutors seek prison for oil executives over alleged Sudan war crimes

Prosecutors said the accused men were complicit because Lundin Oil had entered into agreements with Sudan's government to make the military responsible for security.

Euronews · Mar 26

Could this energy crisis be worse for the global economy than COVID?

Despite reports of negotiations between the US and the Iranian regime, the Strait of Hormuz remains effectively closed to most oil tankers, with only a small number of vessels being allowed to pass. The result is a loss of roughly 11 million barrels per day (mbd) of oil and petroleum…

The Conversation · Mar 26

Zelensky makes surprise Saudi Arabia trip for ‘important meetings’ as Ukraine steps up Middle East support

Kyiv is assisting five countries in the Middle East counter drone attacks

The Independent UK · Mar 26