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The Latest Breaking News from Oil

Breaking Live 8 publishers covering this story in the last 6 hours

38m ago A Texas oil geologist first saw McKittrick Canyon in 1921, later bought the land for a private retreat
57m ago Small businesses in rural France bears the brunt of energy crisis triggered by Iran war
1h ago Euronews explains: What would a US diesel export ban mean to European countries?
1h ago India bonds slide for sixth week as global rout deepens
1h ago Iranian FM Says Hormuz Strait Will Reopen Within Seven Says If U.S. Meets 'Certain Conditions.' Oil Retreats.

Trump's war in Iran 'will make London families up to £1,500 worse off'

City economist said families will have to pay more for essential bills leaving less for “the more enjoyable things in life”

Evening Standard · Mar 16

The Latest: Trump calls for help to reopen the Strait of Hormuz

President Donald Trump says that he has demanded about seven countries send warships to keep the Strait of Hormuz open, as Iranian strikes continued to rain down on Gulf countries

The Independent UK · Mar 16

India Turns to Diplomacy With Iran to Restore Shipping Through Strait of Hormuz

India has highlighted the importance of direct diplomatic talks with Iran as the most effective way to restore shipping through the strategically important Strait of Hormuz, a key maritime passage that carries a significant share of the world’s oil and gas.

Whats Hot · Mar 16

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Gulf investors seen likely to keep funding Africa renewable energy despite the Iran war

Renewable energy projects in Africa that depend on Middle Eastern sovereign wealth funds and state-backed companies will likely press ahead despite the Iran conflict, analysts say, thanks to the continent's surging appetite for power and fuel

The Independent UK · Mar 16

Iran hits Gulf neighbors and keeps stranglehold on oil shipping as concerns rise of energy crisis

Israel has launched new attacks on Beirut and Tehran, while Dubai's airport suspended flights after an Iranian drone hit a nearby fuel tank and sparked a fire

The Independent UK · Mar 16

Brent crude trades near $105 as Iran attacks more Gulf targets, while shares are mixed

Brent crude oil is trading near the $105 per barrel level as Gulf countries report more attacks by Iran with the war entering its third week

The Independent UK · Mar 16

Markets may be underestimating how the Iran war could hit the global economy

Beyond the battlefield, the Iran war is exposing fragile economic chokepoints from energy routes to fertilisers and industrial gases, raising concerns among economists that supply disruptions could shape global prices and trade long after the conflict ends.

Euronews · Mar 16

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Ukraine-Russia war latest: Zelensky arrives in UK as Starmer government vows ‘not to forget war in Europe’

John Healey said the world faces ‘two conflicts on two continents’

The Independent UK · Mar 16

Fossil fuels ‘ripping away national security’ but renewables ‘turn the tables’, says UN executive

‘Sunlight doesn’t depend on vulnerable shipping straits,’ says UNFCCC’s Simon Stiell.

Euronews · Mar 16

Oil prices climb despite Trump moves to temper market

The global benchmark Brent crude jumped to over $106 per barrel, over $3 above Friday's close.

Axios · Mar 16

Trump says he demanded 'about seven countries' to join coalition to police Iran's Strait of Hormuz

Trump says attacks on Iran could last several more weeks despite soaring energy costs. The US president says he is assembling a coalition to help police the Strait of Hormuz and escort stranded oil vessels out to address international energy supply crises caused by the war.

Euronews · Mar 16

Iran-US war latest: US embassy in Iraq attacked while Trump lashes out after Nato rejects Strait of Hormuz demand

The US president said it is only appropriate that those who benefit from oil coming through the waterway help to free it

The Independent UK · Mar 16

Trump steps up pressure on European allies to help protect strait of Hormuz

US president says it is ‘only appropriate’ for Europe to help, and warns failure to do so would be ‘very bad’ for Nato

The Guardian - AU · Mar 16

UAE reopens airspace after Iran attack – as it happened

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The Guardian - AU · Mar 16

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AAP · Mar 16

Energy markets face uncertain environment: oil producer

The war in the Middle East is having wide-ranging impacts on markets, oil and gas producer Woodside has told investors at its annual sustainability briefing.

Axios · Mar 16

Trump eyes "Hormuz Coalition," seizure of Iran's Kharg Island oil hub

Seizing Kharg Island would require U.S. boots on the ground.

The Times of India · Mar 16

'We'll remember': Trump asks 7 countries to send warships to police Strait of Hormuz

President Trump is demanding approximately seven countries send warships to secure the Strait of Hormuz, emphasizing their reliance on Middle Eastern oil. He stated the US has significantly degraded Iran's military capabilities, including air defense and manufacturing. Iran's Foreign Minister indicated passage is a military matter and sees no reason…

The Guardian - AU · Mar 16

Ukraine war briefing: Zelenskyy wants new system to control Ukraine drone sales

Foreign countries and firms should not be able to bypass the government, Zelenskyy says. What we know on day 1,482

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International Business Times UK · Mar 16

Gas Hits $3.70 a Gallon as Countries Ignore Trump's Strait of Hormuz Plea

Fuel prices reach £2.92 ($3.70) per gallon amid the Iran conflict as global powers ignore Donald Trump's urgent plea to secure the vital Strait of Hormuz.

The Guardian - AU · Mar 16

Oil prices rise after Trump claims US ‘totally demolished’ Iran’s Kharg Island export hub

Another weekend of violence compounded global market concerns over war in the Middle East, following US strikes on the vital oil hub

The Independent UK · Mar 16

Starmer rejects Trump’s threats after US president warns Nato faces ‘very bad’ future

Senior cabinet minister Pat McFadden said Britain was not obliged to enter the US’s ‘war of choice’ and that the Iran conflict had nothing to do with the alliance

Evening Standard · Mar 16

PM pledges cost of living help after resisting Trump’s call for warships

Sir Keir on Sunday did not answer calls from Mr Trump to deploy warships to secure the Strait of Hormuz, a key oil trade route in the Middle East.

The Times of India · Mar 15

Kharg Island: Iran's oil hub in the crosshairs

NEW DELHI: US airstrikes on Kharg Island, the nerve centre of Iran's oil export network, have sharply escalated tensions in West Asia and raised fears of further disruption in global energy supplies. While Iran claimed that oil operations on the island continued despite the attack, it warned that retaliation could…

The Times of India · Mar 15

Trump plans global coalition to escort ships in Strait of Hormuz amid Iran tensions: Report

President Trump is preparing to announce an international coalition to escort commercial vessels through the Strait of Hormuz amid escalating tensions with Iran. The US Navy will support ships navigating the strategic waterway, which Iran has threatened to restrict. This move aims to ensure the safe passage of oil, with…

Fortune · Mar 15

Despite Greenland crisis, Trump suggests NATO owes him help on Iran war after U.S. support for Ukraine. 'We’ve been very sweet'

“If there’s no response or if it’s a negative response I think it will be very bad for the future of NATO."

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