The Latest Breaking News from Oil

Oil prices soar again after two tankers struck off coast of Iraq

Oil prices have surged past $100 a barrel following suspected Iranian attacks on multiple fuel tankers in Iraqi waters. Iraqi oil ports have completely ceased operations, prompting other countries to move their vessels from the area as a precaution. Iran has claimed responsibility for hitting a Thai bulk carrier yesterday,…

The Independent UK · Mar 12

Newsletter: Oil prices spiral despite historic reserve release

Also in this newsletter: European Commissioner for the Economy Valdis Dombrovskis tells Europe Today that a prolonged and escalating war in the Middle East could mean a 'stagflationary shock' for Europe.

Euronews · Mar 12

Largest ever oil reserves released as Iran war fuels price rises

The Middle East conflict has seen oil prices surge as the flow of oil tankers has effectively stopped

The Independent UK · Mar 12

Ukraine supporters oppose easing of Russia sanctions

Numerous lawmakers, including some Republicans, are outraged about the Trump administration’s easing of sanctions on Russian oil exports, amid reports that Moscow is helping Iran target U.S. troops in the Middle East. Treasury Secretary Scott Bessent, looking to ease a supply crisis caused by the Iran war that has driven…

Roll Call · Mar 12

Bulletin AM briefing: Oil prices climb and questions over Mandelson appointment

Oil prices soar again after two tankers struck off coast of Iraq. Government pledges that home heating oil costs must be ‘fair’ amid Middle East crisis. Starmer warned about ‘reputational risk’ over Mandelson appointment. NHS trusts facing difficult decisions amid ‘perilous’ financial situation. The costly error that turned PSG-Chelsea clash…

The Independent UK · Mar 12

Thursday briefing: What an Iran negotiator thinks could happen next – and why Trump still has an off-ramp

In today’s newsletter: Robert Malley, who led talks for the 2015 Iran nuclear deal, helps make sense of the war

The Guardian - UK · Mar 12

‘Unprecedented’ crisis in Middle East could ‘spin out of control’ warns WHO

As the bombing continues across Iran, Lebanon and the Gulf states, a World Health Organisation chief tells chief international correspondent Bel Trew in Beirut how she fears the conflict could lead to chemical, nuclear or radiological war

The Independent UK · Mar 12

British special forces shoot down 'suicide drones' as base in Iraq hit injuring US soldiers

A swarm of ‘unmanned aerial vehicles’ was launched at the camp in Erbil, northern Iraq

Evening Standard · Mar 12

More airlines hike flight prices as Iran war continues to disrupt oil supply

Cathay Pacific, AirAsia and Thai Airways join Qantas in increasing prices, as travellers flock to airlines that don’t have Middle East stopovers

The Guardian - AU · Mar 12

Iran's unrelenting attacks on Mideast shipping and energy infrastructure send oil prices soaring

Unrelenting Iranian attacks on shipping traffic and energy infrastructure again pushed oil above $100 a barrel

The Independent UK · Mar 12