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The Latest Breaking News from Oil

Crude Oil Prices Retreat on Hopes the Iran War is Near an End

May WTI crude oil (CLK26 ) on Tuesday closed down -1.50 (-1.46%), and May RBOB gasoline (RBK26 ) closed down -0.0559 (-1.71%). Crude oil and gasoline prices gave up an early advance on Tuesday and settled sharply lower on hopes that the war in Iran is near an end. Crude...

Barchart

Trump has called on the ‘God Squad’ to help override endangered animal protections and allow more oil drilling

The exemption could harm ‘dozens of imperiled species,’ including whales and sea turtles, wildlife activists have warned

The Independent UK

Haiti imposes austerity measures as Iran war drives up oil prices and disrupts supplies

Haiti’s government says it is implementing new austerity measures as the war in Iran disrupts critical oil supplies and drives up prices worldwide

The Independent UK

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Fuel support considered for diesel-dependent Pacific

Foreign Minister Penny Wong says Australia is looking at measures to help Pacific nations deal with the fuel supply crisis sparked by the Middle East war.

AAP

Oil and gas prices won't immediately return to normal even if the Iran war ends, the EU warns

The European Union's energy commissioner says skyrocketing oil and gas prices in Europe as a result of the ongoing Iran war won’t return to normal levels any time soon, even if peace is declared tomorrow

The Independent UK

American brute force has failed in Iran – diplomacy must now resume

THE INDEPENDENT VIEW: Editorial: Donald Trump’s declaration that his Western allies must secure the Strait of Hormuz and get oil supplies going again is a cynical exercise in face-saving – and, Mr President, we will remember

The Independent UK

Marco Rubio Says U.S. Has Done 'Nothing Punitive' Against Cuba, Says Only Change is That 'They're Not Getting Free Venezuelan Oil'

Secretary of State Marco Rubio rejected claims about the U.S. taking "punitive" action against Cuba, saying the only change is that Havana is "not getting free Venezuelan oil anymore," in reference to the capture of Nicolas Maduro and the interim government's shift towards a friendlier policy towards the U.S.

Latin Times

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One Cuban family navigates daily life under a US oil embargo and a deepening economic crisis

Cuba’s deepening economic crisis is pushing struggling families into hunger and forcing them to rely on donations and the black market

The Independent UK

Jørgensen urges cohesive national responses to avoid energy market disruptions

Energy Commissioner Dan Jørgensen emphasized that EU unity is crucial to managing the energy crisis, with oil up 70% and natural gas 50%, raising concerns over supply security.

Euronews

‘Get your own oil’: Trump launches tirade against Europe for not joining Iran war

Many countries in Europe have called the conflict illegal, with some blocking Israeli and US planes from moving weapons through their airspace

The Guardian - US

Cotton Pulling Off Highs as Acres Exceed Expectations

Cotton futures are retreating from early session strength on Tuesday, as contracts are up just 9 to 14 points. The US dollar index is $0.408 lower at $99.945. Crude oil futures are up $1.71 to $104.59 on the day. March Prospective Plantings data from this morning showed cotton acres seen...

Barchart

Soybeans Rallying as Acres Seen Lower than Expected

Soybeans are getting a double digit bounce on Tuesday’s midday, with futures up 10 to 14 cents in the 2026 contracts. The cmdtyView national average Cash Bean price is up 8 ¼ cents at $10.95. Soymeal futures are up $1.90 to $2.30 at midday, with Soy Oil futures 60 to...

Barchart

Russian oil tanker docks in Cuba after US allows passage despite energy blockade

Cuba used to receive most of its oil from Venezuela, but those shipments were halted ever since the US attacked the South American country and arrested its leader Nicolás Maduro in early January.

Euronews

WW3 Fears Erupt: Russia Accuses Britain of Masterminding 'Special Operation' in Baltic Sea

Russia accuses Britain of orchestrating drone strikes on its Baltic oil ports, escalating tensions and WW3 fears. The attacks disrupt Russian energy exports amid surging global oil prices.

International Business Times UK

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Barchart

Sugar Prices Rebound on Strength in the Brazilian Real and Crude Oil

May NY world sugar #11 (SBK26 ) today is up +0.12 (+0.77%), and May London ICE white sugar #5 (SWK26 ) is up +1.50 (+0.33%). Sugar prices recovered from 1.5-week lows today and moved higher as short covering emerged in sugar futures after the Brazilian real (^USDBRL ) rallied to...

Evening Standard

FTSE stocks up as Donald Trump ‘prioritises diplomatic efforts’ in Iran war

But Unilever shares fell 7.3% as it confirmed it had agreed to combine its Foods business with McCormick & Co.

We Got This Covered

‘An idea that he has’: Trump wants Arab countries to pay for his Iran war, and the White House just confirmed it’s more than just talk

Trump’s Iran War shenanigans continue.

The Conversation

Underwater turbines are gaining government support – our research maps their global potential

Recent disruptions to oil supply in the Middle East have sent energy prices soaring, reminding countries how vulnerable they remain to imported fossil fuels. At the same time, global electricity demand is expected to almost triple by 2050.

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Barchart

Crude Oil Prices Rally as Strait of Hormuz Remains Closed

May WTI crude oil (CLK26 ) today is up +0.91 (+0.88%), and May RBOB gasoline (RBK26 ) is up +0.0178 (+0.56%). Crude oil and gasoline prices are moving higher today, with crude oil posting a 3-week high after President Trump said he is willing to end the US military campaign...

The Guardian - US

‘God squad’ waives endangered species law to allow US drilling in Gulf of Mexico

Critics say exemption for fossil fuels exploits White House’s ‘self-made gas crisis’, and could doom the rare Rice’s whale

The Times of India

From location to logistics: Challenges to Donald Trump’s Kharg Island ‘seize’ threat

US President Donald Trump’s suggestion that Washington could seize Iran’s key oil hub, Kharg Island, has raised concerns around strategic, military and economic risks of such a move. While the island is central to Iran’s energy exports, experts warn that any attempt to capture or disable it could escalate the…

International Business Times UK

Donald Trump Approval Slumps To 33% As Iran War And Inflation Take Toll

Donald Trump's approval rating has slid to 33% in a new University of Massachusetts Amherst poll, with even fewer Americans backing his handling of the war against Iran.

Barchart

Stocks Climb on Hopes for an End to Iran War

The S&P 500 Index ($SPX ) (SPY ) today is up +1.02%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.67%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.10%. June E-mini S&P futures (ESM26 ) are up +1.10%, and June E-mini Nasdaq futures...

Latin Times

Cuba's Russian Oil Supply May Last Only 10 to 30 Days, Experts Say

Cuba consumes an estimated 100,000 barrels of fuel per day but produces only about 40% domestically

The Independent UK

Four million people across the Gulf could be pushed into poverty by war in Iran, UN warns

The worst-affected would be in GCC countries and in the Levant, with each region set to lose more than 5.2 percent of their GDP

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