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The Latest Breaking News from Oil

Strait of Hormuz shutdown: What implications for Europe, for how long and how high can prices go?

The closure of the Strait of Hormuz is rattling global markets, sending energy prices soaring and fuelling fears of supply shortages. Euronews explains:

Euronews

Mexican President Sheinbaum Says The Country Could Go Back To Sending Oil To Cuba

Mexican President Claudia Sheinbaum said the country could go back to sending oil to Cuba, whether it is as humanitarian aid or for commercial purposes.

Latin Times

Markets cheer as Trump threatens to abandon the Strait of Hormuz, leaving the oil market in crisis

The White House is signaling that it’s ready to leave the strait in allies’ hands: “The USA won’t be there to help you anymore, just like you weren’t there for us.”

Fortune

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Cuba Celebrates Arrival Of Russian Tanker To Address Acute Shortages: 'Sign Of The Brutal Siege'

A top Cuban official celebrated the arrival of a Russian tanker loaded with hundreds of thousands of oil barrels to address acute shortages taking place in the island.

Latin Times

Energy bills in Great Britain forecast to hit almost £2,000 a year this summer

Consumers brace for ‘awful April’ and Iran war cost hikes, which have pushed UK’s gas market past three-year highs

The Guardian - UK

'Palworld' Base Locations Mastery: Top Farming Spots for Max Resources

Best "Palworld" base locations and farming guide: Coordinates for early ore plateaus, mid-game coal hubs, late-game oil fields. Top spots match Pals to resources for max yields.

Player One

While the S&P 500 Struggles, These 3 Energy Dividend Stocks Are Soaring

Find out which dividend stocks are still worth buying and how much upside remains.

Barchart

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Stocks Rally as President Trump Considers Ending Iran War

The S&P 500 Index ($SPX ) (SPY ) today is up +1.33%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.10%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.45%. June E-mini S&P futures (ESM26 ) are up +1.48%, and June E-mini Nasdaq futures...

Barchart

Fuel Crisis Deepens in Northern Ireland as Stations Run Dry and Prices Surge

UK petrol and diesel prices spike amid Middle East conflict, with fears of shortages and rising costs impacting consumers and businesses.

International Business Times UK

Kevin O’Leary Is Rooting for a Possible ‘Game-Changer’ Move to End Iranian Control of the Strait of Hormuz: $70 Oil in Store

Kevin O'Leary's ideal solution to return to cheaper gas prices would be easier said than done.

Barchart

5 Taylor Sheridan shows are dominating the Paramount+ top 10 this week — but you only need to stream his 'ultimate masterpiece'

Paramount+ is spoilt for choice when it comes to streaming Taylor Sheridan shows — but make sure you binge the one I can't tear my eyes from.

TechRadar

Japan and Indonesia to boost energy security cooperation as concerns grow over Iran war fallout

Japan and Indonesia have agreed to deepen economic ties and work together on energy security as the two Asian countries face growing uncertainty over oil and gas supplies

The Independent UK

Cost of petrol, diesel and heating oil: What the latest figures show

The price of diesel has jumped to its highest level since December 2022.

Evening Standard

BP PLC ADRs Have High Call Option Yields for Value Investors

BP PLC American Depository Receipts (ADR) now have attractive call option premiums, worth shorting. A 10% out-of-the-money BP call has a 1.3% yield over the next month. That works out to 3.7% yield over 3 months.

Barchart

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The Independent UK

Russian ship carrying oil docks in Cuba, allowed to proceed despite US energy blockade

A Russian vessel laden with 730,000 barrels of oil has docked at the Cuban port of Matanzas, the first time in three months that an oil tanker reached the island

The Times of India

'Trump doesn't bluff': Pentagon chief warns Iran, says US wants deal but 'prepared to continue with bombs'

Pentagon chief Pete Hegseth declared upcoming days "decisive" in the Middle East conflict, warning Iran to "cut a deal" as President Trump "doesn’t bluff." He emphasized shifting power dynamics and US options, urging Tehran to relinquish ambitions and reopen the Strait of Hormuz. Escalation continues with recent attacks impacting oil…

Fortune

Current price of oil as of March 31, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Barchart

Cotton Rallying on Tuesday Morning

Cotton prices are up 70 to 105 points early on Tuesday morning. Futures were 4 to 73 points higher to close out Monday. The US dollar index was $0.388 higher at $100.370. Crude oil futures were up $5.36 to $105.00 on the day. March Intentions data is expected to show...

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Euronews

Trump tells allies to ‘go get your own oil’ amid Iranian attacks on Gulf

Trump's comments come on the same day that gas prices in the US jumped past an average of $4 for the first time since 2022 as fuel prices continue to spike worldwide.

GOBankingRates

The $20 Dollar Tree Beauty Haul That Rivals Sephora

Get these luxe-looking Dollar Tree beauty dupes for just $20. These budget finds look like high-end favorites -- without the Sephora price tags.

The Guardian - US

Trump’s Iran war and drilling push show ‘dangerous volatility’ of fossil fuel era

Critics say president is locking into 20th-century energy systems even as his ‘bet’ on oil and gas ‘isn’t going so well’

The Times of India

'Get your own oil': Trump mocks UK, other countries amid Iran chokehold on Hormuz; slams France for being 'unhelpful'

US President Donald Trump criticised its allies stating that the countries facing jet fuel shortages due to Iran's control of the Strait of Hormuz should source their own oil. Trump also accused France of being unhelpful regarding Iran as tensions are escalating in the Middle East, impacting global oil prices.

The Independent UK

Trump tells UK ‘go get your own oil’ and warns that the US ‘won’t help you any more’ in latest tirade over Iran war

US president tells Keir Starmer to get some ‘courage’ and and ‘take’ fuel from the Strait of Hormuz

Evening Standard

Donald Trump tells Britain to secure Strait of Hormuz and ‘go get your own oil’ as energy prices set to soar

Donald Trump said allies would have to fight for themselves as ‘the USA won’t be there to help you anymore, just like you weren’t there for us’

The Independent UK

Donald Trump tells UK to secure Strait of Hormuz and ‘go get your own oil’

Donald Trump said allies would have to fight for themselves as ‘the USA won’t be there to help you anymore, just like you weren’t there for us’.

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