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The Latest Breaking News from Oil

Breaking Live 7 publishers covering this story in the last 6 hours

How the Iran war is also unleashing an economic world war

The war is creating a crisis abroad that governments and businesses are scrambling to manage.

Axios · Mar 17

Oil and gas prices rise again after Iran attacks production facilities

Brent crude price climbs as operations suspended at Shah gasfield in UAE after Iranian strike

The Guardian - UK · Mar 17

Trump vows to 'take' Cuba as US oil embargo triggers power grid collapse

Donald Trump vowed to “take” Cuba on Monday as a US oil embargo left the island without power, deepened shortages and fueled growing anti-government protests.

Euronews · Mar 17

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Leaving NATO is something to 'think about,' Trump says after allies refuse to secure Hormuz strait

On Monday, Trump warned that NATO faces a "very bad future" if allies didn't respond to his call to create an international naval police force to keep the key waterway open.

Euronews · Mar 17

Who is Ali Larijani? Iran’s national security chief killed in airstrike, Israel claims

If death of Larijani is confirmed, he would be most senior member of Iran regime to be killed since former supreme leader Ali Khamenei

Evening Standard · Mar 17

FTSE 100 Live 17 March: Index rallies despite oil price rebound, Trustpilot shares jump

A fresh oil price rise today failed to prevent the FTSE 100 index from building on yesterday’s strong session.

Evening Standard · Mar 17

Venezuela has the world's largest proven oil reserves, but it can’t solve for the Strait of Hormuz ‘math problem’

Venezuelan oil is a 'drop in the bucket' of the global supply shortage triggered by the Iran war.

Fortune · Mar 17

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Tuesday briefing: How the conflict in Iran shattered the Gulf state image of peace and luxury

In today’s newsletter: As drones and missiles hit Dubai, Doha and other sites across the Gulf, Hannah Ellis Peterson explains what happens next for the region

The Guardian - UK · Mar 17

After Iran, Trump Now Thinks He Has 'The Honour' Of Taking Over Cuba And Ousting Its President

Donald Trump has said it would be an honour to take over Cuba, signalling ambitions for Trump taking Cuba after Iran as the Caribbean island endures a total blackout and US calls for its president to step down

International Business Times UK · Mar 17

Cuba Faces Blackout Crisis After 3 Months Without Oil Shipments — Millions at Risk, Crisis Continues

Cuba faces a severe island-wide blackout amid a worsening energy crisis, affecting millions and exposing critical infrastructure vulnerabilities. Discover the causes and potential solutions.

International Business Times UK · Mar 17

Can the Grids Package free the EU from its energy dependence?

US-Iran tensions disrupt Middle East energy routes, driving up oil and gas prices. After the 2022 energy crisis, Brussels launched the Grids Package. Can this plan cut Europe’s reliance on foreign energy?

Euronews · Mar 17

Cuba plunged into darkness as islanders struggle with deepening energy crisis

The third major blackout to hit Cuba in the past four months

The Independent UK · Mar 17

Iran war impact: Sri Lanka shifts to 4-day week to conserve fuel

Sri Lanka has declared Wednesdays a public holiday to conserve fuel amid escalating Middle East tensions impacting global oil supplies. This move, alongside similar measures in other Asian nations like Thailand and Myanmar, aims to mitigate potential shortages. Motorists in Sri Lanka now face fuel rationing, a stark reminder of…

The Times of India · Mar 17

Biden's 2020 Tweet Calling Trump 'Worst President Ever' Goes Viral Again as Iran War Rages

Joe Biden's viral 2020 tweet amid rising gas prices and US-Iran tensions is influencing public opinion, which is turning against Trump's economic policies and military actions, as Biden's words regain relevance today.

International Business Times UK · Mar 17

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The Independent UK · Mar 17

Israel launches new strikes on Tehran and Lebanon as Iran hits back and fires on Gulf neighbors

Residents of Dubai and Doha, Qatar, awoke to the sound of explosions as air defenses worked to intercept new waves of incoming Iranian fire

The Conversation · Mar 17

RBA narrowly votes to lift interest rates. The Middle East war may determine if there’s more to come

The Reserve Bank of Australia (RBA) has lifted official interest rates for the second time this year as it struggles to bring inflation under control, saying inflation is “likely to remain above target for some time”.

The Independent UK · Mar 17

Asian shares are mixed and US futures slip as Brent hovers at over $100 a barrel

Shares are mixed in Asian trading after a drop in oil prices helped send the U.S. stock market to its best day since the war in Iran began

The Independent UK · Mar 17

The Latest: UAE briefly closes airspace as Israel strikes Beirut and Tehran

State media in the United Arab Emirates reports that a drone attack sparked a fire at an oil tank farm in the emirate of Fujairah

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The Independent UK · Mar 17

Iran-US war latest: Trump threatens to blow up key Iranian gas field if Tehran strikes ‘innocent’ Qatar again

Qatar's Ras Laffan was hit for a second time on Thursday morning shortly before Trump's warning

The Times of India · Mar 17

‘Iran has crossed every red line’: Gulf nations’ message to US amid escalating Middle East tensions

Gulf Arab nations, while not seeking a US-led war with Iran, warn that inaction risks Iran threatening vital oil routes. US officials are pressing for regional support for a military campaign, as Iran's attacks have heightened fears of it holding the region's energy supply hostage. Gulf leaders believe decisive action…

The Independent UK · Mar 17

Iran war pushes importers into energy triage as they conserve power and curb soaring prices

The escalating Iran war is pushing parts of the world into energy triage

AAP · Mar 17

Australian stock market gains after split rate decision

The Australian Securities Exchange finished 0.3 per cent higher and the local currency hit a five-day high after the Reserve Bank raised interest rates.

Axios · Mar 17

Most NATO members reject U.S.-led Hormuz Strait coalition, Trump says

The response from many allies: "Hell no."

The Guardian - US · Mar 17

Trump news at a glance: president threatens allies for not wading into strait of Hormuz as Iran conflict continues

US president wants countries to help police the strait after Iran effectively closed the vital fossil fuel shipping channel – key US politics stories from Monday 16 March at a glance

The Guardian - AU · Mar 17

Trump predicts he will have ‘honour of taking Cuba’ amid power blackout

US president declares he can do ‘anything I want’ after oil blockade plunges country into darkness

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