The Latest Breaking News from Oil

Iran Offers Oil Tankers Safe Passage Through Strait of Hormuz but Only Under Two Conditions

Iran's new conditions for oil tanker passage through the Strait of Hormuz could reshape global energy markets, linking access to Chinese yuan trade.

International Business Times UK · Mar 15

'End Iran war swiftly,' Keir Starmer tells Donald Trump to stop bills soaring in oil crisis

But the US president has said America is not ready to end the conflict which has entered its third week

Evening Standard · Mar 15

Starmer to announce support for households hit by energy price spike

Prime minister expected to set out tens of millions of pounds in help for heating oil users as conflict with Iran drives up costs

The Guardian - UK · Mar 15

The Iran crisis is hitting KiwiSaver balances – but market volatility can work for you too

As well as checking the news for updates on events in the Middle East, many New Zealanders are also nervously checking their KiwiSaver balances.

The Conversation · Mar 15

Trump’s UN ambassador declares ‘dominant victory’ in Iran — then says Pentagon could still send in US troops

Former Trump White House adviser can’t say if other countries have signed on to protect shipping traffic in Strait of Hormuz

The Independent UK · Mar 15

Starmer and Trump discuss ‘importance’ of reopening Strait of Hormuz

Tehran’s stranglehold on oil tankers passing through the narrow sea passage has driven energy prices up across the world.

Evening Standard · Mar 15

EU weighs extending naval mission Aspides to Strait of Hormuz amid Iran crisis

EU foreign ministers meeting in Brussels on Monday are set to discuss extending the bloc's naval mission Aspides to the Strait of Hormuz, as the Iran war pushed global energy prices up. Over the weekend, US President Trump called on several countries to send ships to secure the passage.

Euronews · Mar 15

Initiative may be slipping away from US and Israel as Middle East crisis deepens

There is little sign of imminent regime change in Iran as its blockade of strait of Hormuz shocks global economy

The Guardian - UK · Mar 15

Iran insists it will fight for ‘as long as it takes’ after Trump says he’s not ready for peace deal

War between US-Israel and Iran enters third week as leaders on both sides signal a push to continue conflict

The Independent UK · Mar 15

US energy chief has dire prediction about gas prices under Trump

Trump’s war will end in ‘weeks’ but oil prices will be ‘elevated’ until it concludes, Chris Wright warns

The Independent UK · Mar 15