The Latest Breaking News from Oil

There's an oil price scenario that would bring the US economy to a 'standstill;

Higher-for-longer oil prices would lead to economic spillover effects that are much harder to control.

Fortune · Mar 16

Sugar Prices Weighed Down by Weakness in Crude Oil

May NY world sugar #11 (SBK26 ) today is down -0.20 (-1.39%), and May London ICE white sugar #5 (SWK26 ) is down -2.50 (-0.60%). Sugar prices are sliding today amid weakness in crude oil prices. WTI crude (CLJ26) is down by more than -3% today, which undercuts ethanol prices...

Barchart · Mar 16

Collateral damage: war threatens to blow up inflation

Domestic pressures were behind the Reserve Bank's decision to hike interest rates, governor Michele Bullock says, although the Iran war will worsen inflation.

AAP · Mar 16

Strait of Hormuz: How the Closure Impacts Gas, Food Prices and Mortgages

Key Takeaways:  Inflation is predicted to rise to 3.5-four percent by mid-year. Food prices are expected to rise within 60 days. Mortgage rates rose from...

Saving Advice · Mar 16

Why hasn’t the UK sent warships to the Strait of Hormuz?

Donald Trump has warned that the Nato alliance faces a “very bad” future unless allies send warships to help reopen the key oil route

The Independent UK · Mar 16

US oil prices could see another day of wild fluctuation as Iran war drags on

One analyst predicting that prices at the pump might hit $3.85 per gallon on Monday as war enters third week

The Guardian - US · Mar 16

Chris Watts Murders Back in Spotlight as Fox Nation's New Documentary Reexamines Tragic Case

Explore the chilling details of Chris Watts' family murders in Fox Nation's new documentary, revisiting one of America's most disturbing cases

International Business Times UK · Mar 16

Crude Oil Prices Slump on Hopes Strait of Hormuz to Soon Reopen

April WTI crude oil (CLJ26 ) today is down -3.35 (-3.39%), and April RBOB gasoline (RBJ26 ) is down -0.0033 (-0.11%). Crude oil prices are sharply lower today on hopes that oil tankers may soon be able to move through the Strait of Hormuz. Several oil tankers safely navigated the...

Barchart · Mar 16

From the strait of Hormuz to Malacca, global trade relies almost entirely on these five narrow waterways

The conflict in Iran has disrupted energy and commodity markets. Iran has effectively closed the narrow strait of Hormuz, a vital oil transit point, attacking more than a dozen ships over the past two weeks that have tried to sail through the waterway.

The Conversation · Mar 16

Explainer: Why Kharg Island is vital to Iran and the global economy

Strikes have already hit military infrastructure on a small Iranian island in the Persian Gulf — but if oil facilities are targeted next, the global economy could face a serious shock.

Euronews · Mar 16