The Latest Breaking News from Oil

World Oil Prices Surge to Near $113 as US-Iran Conflict Disrupts Strait of Hormuz Flows on March 23, 2026

Global oil prices climbed sharply Monday amid persistent disruptions to the Strait of Hormuz caused by the ongoing U.S.-Iran conflict, with Brent crude benchmark rising to around $113 per barrel as supply fears intensified in the fourth week of hostilities.

International Business Times · Mar 23

Trump Presidency in Peril as Inflation Forecast Shows Prices Surging Past 5%—Fuel Costs and Iran War Backlash Mount

Economic forecasts warn of US inflation surpassing 5% due to rising fuel costs linked to the Iran conflict, posing challenges for Trump's administration.

International Business Times UK · Mar 23

World heading for energy crisis ‘worse than 70s oil shocks and Ukraine combined’

IN FULL

The Independent UK · Mar 23

Trump’s brutal ‘cowards’ claim rocks NATO as one major player finally crumbles under US pressure

The British government has partially reversed its stance, now allowing the United States military to use UK bases for airstrikes aimed at clearing the Strait of Hormuz of Iranian obstacles. This policy shift was announced by Prime Minister Keir Starmer’s office just hours after President Donald Trump publicly called European…

The Mary Sue · Mar 23

Markets tumble and oil prices rise after Strait of Hormuz threats

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The Independent UK · Mar 23

Emergency cost-of-living Cobra meeting amid soaring energy prices and stock market crash threat over Iran war

Prime Minister Sir Keir Starmer leads a meeting of the Cobra emergency committee to consider the looming economic impact of the Middle East crisis

Evening Standard · Mar 23

Oil prices slide after Trump announces 'productive conversations' with Iran

Oil prices dropped and stock markets started to climb after comments from US President Donald Trump raised hopes for a quick end to the Iran war.

Euronews · Mar 23

Politics latest: Starmer warns there may not be ‘quick and early end’ to US-Iran war ahead of Cobra meeting

Prime minister warned his team not to fall into ‘false comfort’ of thinking as Middle East conflict could be lengthy

The Independent UK · Mar 23

10 Italian-Inspired Tuna Recipes You Can Make in 20 Minutes

Italian cuisine is known for transforming simple ingredients into deeply satisfying meals. One pantry staple that shines in Italian-style cooking is tuna. Whether packed in olive oil or spring water, canned tuna is affordable, versatile, and perfect for quick meals when time is limited.

inkl · Mar 23

Markets tumble and oil prices rise as global focus remains on Strait of Hormuz

The FTSE 100 Index fell back further from the 10,000 market, dropping 1.6% soon after opening on Monday.

Evening Standard · Mar 23