The Latest Breaking News from Oil

Iran war latest: Oil prices soar again after two Iraqi tankers struck in suspected Iranian attack

Donald Trump has said that US forces have knocked out 28 Iranian mine-laying ships in the Strait of Hormuz

The Independent UK · Mar 11

Three merchant ships struck as tensions rise in Hormuz strait amid Iran war

Crew of Thai-registered bulk carrier forced to flee fire, as US says it has destroyed 16 Iranian mine-laying vessels

The Guardian - UK · Mar 11

Deleted social media post from Trump’s energy secretary sends oil markets into frenzy: report

Earlier Tuesday, Energy Secretary Chris Wright wrote on X that the U.S. Navy had escorted an oil tanker through the Strait of Hormuz

The Independent UK · Mar 11

ASX edges higher on hopes of record oil reserve release

Volatile oil prices continue to dictate stock market sentiment with the local bourse trading higher on hopes tapping reserves could shore up crude supply.

AAP · Mar 11

Asia airlines hike fares

Airlines in Asia are raising ticket prices and mapping out contingency plans that include grounding planes as the escalating Middle East conflict threatens to trigger the worst oil shock since the 1970s.

Bangkok Post · Mar 11

Democratic Senator Coons Says Russia Is 'Clearest Winner' of Iran War, Slams Trump for Consulting Putin 'More Than Congress'

Coons' comments came after Trump and Putin held a roughly one-hour phone call Monday described by Russian officials as "frank" and "constructive"

Latin Times · Mar 10

Wheat Posts Losses Tuesday

The wheat complex saw double digit losses across the three exchanges. Chicago SRW futures were 12 to 13 cents lower on Tuesday. KC HRW futures posted 11 cent losses across the nearbys. MPLS spring wheat closed with 11 to 12 cent losses on Tuesday. Crude oil was down $8.38 on...

Barchart · Mar 10

Corn Claws Back Off Lows into Tuesday’s Close

Corn futures closed the Tuesday session with 1 to 3 cents losses across most contracts. The CmdtyView national average Cash Corn price was down 1 1/4 cents to $4.09 3/4. Crude oil was down $8.38 on the day as the US began escorting vessels through the Strait of Hormuz, though...

Barchart · Mar 10

Cotton Rally into Tuesday’s Close

Cotton futures were 55 to 68 points higher at the Tuesday’s close. Crude oil was down $8.38 on the day as the US began escorting vessels through the Strait of Hormuz, though they did bounce $8 off the low on reports that Iran was placing mines in the waterway. The...

Barchart · Mar 10

Soybeans Pop Higher on Tuesday as USDA Report Shows Very Few Changes

Soybeans closed Tuesday with 5 to 7 cent gains across most contracts on Tuesday. The cmdtyView national average Cash Bean price was up 5 3/4 cents at $11.27 1/4. Soymeal futures are up 80 cents to $1.10, with Soy Oil futures steady to 51 points lower. Crude oil was down...

Barchart · Mar 10