The Latest Breaking News from Oil

ASX tumbles to lowest level since May as war drags on

Australia's mining sector is under renewed pressure, after gold tumbled to a two-month low as oil prices skyrocket and hammer hopes for global growth.

AAP · Mar 23

After Trump's warning, Iran threatens to close the Strait of Hormuz

Iran has threatened to completely shut the Strait of Hormuz if the US strikes its energy facilities, warning that regional energy infrastructure hosting US bases would become targets. This escalation follows President Trump's ultimatum. The conflict has already impacted global oil prices and caused significant damage and displacement on both…

The Times of India · Mar 23

Trump's Transport Secretary Urges Americans to Trust a 'Long-Term Strategy' Amid Gas Crisis

As petrol prices soar following the recent Middle East conflict, Transportation Secretary Sean Duffy urges citizens to grant the president grace during this transitional economic period.

International Business Times UK · Mar 23

Iran War, Oil Volatility and Other Key Things to Watch This Week

Markets enter an important week dominated by extraordinary uncertainty around the Iran war trajectory following President Trump's late Friday Truth Social post suggesting he is considering "winding down" military operations.

Barchart · Mar 22

This ‘Alpha Male’ Stock Is Profiting as the Strait of Hormuz Remains Closed. Should You Buy It Now?

Frontline stock is gaining attention as tanker rates surge amid geopolitical disruption, creating a powerful but potentially cyclical opportunity.

Barchart · Mar 22

Will Trump's 48-hour ultimatum to Iran leave him red-faced again?

As a 48-hour deadline looms, Iran has retaliated against President Trump's threat to "obliterate" its power plants. Tehran warns that energy facilities in countries hosting US bases are now "lawful targets." The escalating conflict, now in its fourth week, has already seen cross-border attacks and rising casualties, with oil prices…

The Times of India · Mar 22

Iran vows to destroy Middle East water and energy facilities if US attacks power plants

Tehran’s response to Trump’s threat signals a potentially dangerous escalation as both sides menace sites relied on by millions

The Guardian - UK · Mar 22

As Labor faces pressure to respond boldly to oil shock, it needs to find more unconventional levers to pull

Leveraging Australian gas exports to ensure we get oil in return is among the offbeat ideas we could be hearing more about

The Guardian - AU · Mar 22

Trump is now letting Iran sell its stranded oil, because nothing says “maximum pressure” like handing the enemy a paycheck in the middle of a war

Whatever Obama did, Trump is doing it worse and calling it victory.

We Got This Covered · Mar 22

Starmer adviser urges ministers to look at profits cap for energy and petrol firms

PM’s ‘cost of living champion’ calls for consideration of temporary measure to prevent profiteering from Iran war

The Guardian - UK · Mar 22