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The Latest Breaking News from Oil

Breaking Live 5 publishers covering this story in the last 6 hours

33m ago Nifty logs 7th straight weekly loss for the first time in 6 years: Time to be fearful, or can bulls pull off a comeback?
1h ago The tricky tests awaiting Andy Burnham after Labour conference
2h ago 'Trump Strait': US President shares new map of Hormuz after rejecting Iran's 7-day ceasefire offer
2h ago Battered bonds draw support from falling oil prices
2h ago Oil prices slide about 2% as US, Iran explore path out of war

In New Mexico, Natural Gas Transporter Goes to the Mat Over $47.8 Million Fine

The state has spent $225,000 in staff time fighting Targa over emission infractions, some that the company reported itself.

Capital & Main · Mar 3

These 21 Memes Have Captured Humanity’s WW3 Angst Better Than Any Pundit

The internet resorted to dark humor to joke about the surging oil prices, the spiraling stock market, and the emotional burnout of living through yet another unprecedented moment.

Bored Panda · Mar 3

Why the stock market thinks the Iran war will last 4 weeks, according to Goldman's head of oil research

The market is pricing in about a month of action in the Middle East, but experts warn triple-digit oil prices could become reality if war lasts even longer.

Fortune · Mar 3

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China set to suffer from turmoil in the Middle East, but it stands to benefit long term

China has responded to the joint US-Israeli attacks on Iran with strong diplomatic condemnation. In an article published on March 1, China’s state-run Xinhua news agency called the attacks a “flagrant violation” of the purposes and principles of the UN charter. The same article called the intervention a departure from…

The Conversation · Mar 3

Trump officials outline why they decided to bomb Iran

Iranian officials masked the true intent behind their stubborn insistence to enrich uranium, two administration officials said Tuesday.

Roll Call · Mar 3

$100 Oil? A Prolonged Hormuz Closure Could Trigger a 1970s-Style Energy Shock

Explore the strategic importance of the Strait of Hormuz and how escalating tensions could impact global oil markets and prices.

International Business Times UK · Mar 3

Crude Oil Prices Soar as Strait of Hormuz Closed to Tanker Traffic

April WTI crude oil (CLJ26 ) today is up +5.66 (+7.95%), and April RBOB gasoline (RBJ26 ) is up +0.1189 (+5.02%). Crude oil and gasoline prices are sharply higher today for a second day, with crude posting an 8.5-month high and gasoline posting a 19-month high. The main bullish factor...

Barchart · Mar 3

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Stocks Sink as Crude Oil Surge Rattles Markets

The S&P 500 Index ($SPX ) (SPY ) today is down -2.18%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -2.27%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -2.37%. March E-mini S&P futures (ESH26 ) are down -2.05%, and March E-mini Nasdaq futures...

Barchart · Mar 3

China calls for vessels in strait of Hormuz to be protected amid soaring shipping costs

Beijing’s foreign ministry urges ‘all parties’ to avoid escalation as number of crossings drops 60% in one day

The Guardian - UK · Mar 3

National average for gas prices jumped 12 cents in one day after Iran strikes

Experts warned that most Americans will see an increase in gas prices at the pumps after Trump initiated a bombing campaign over the weekend

The Independent UK · Mar 3

US closes 3 Gulf embassies, urges Americans to leave Middle East; is Donald Trump planning something big?

US embassies in Saudi Arabia and Kuwait have closed following drone attacks, with Americans urged to leave 14 Middle Eastern nations. President Trump signaled intensified military action against Iran, not ruling out ground troops. The conflict has widened, impacting oil supplies and causing market turmoil, with significant casualties reported.

The Times of India · Mar 3

Iran issues new threat following Strait of Hormuz closure with multiple tankers stranded

IN FULL

The Independent UK · Mar 3

Reeves’s talk of stability may be misplaced amid Iran war turmoil

Attempt to project calm in spring forecast may be short-lived if living costs and unemployment keep climbing

The Guardian - UK · Mar 3

Voices: Poll: Are you worried the Iran conflict will push up your cost of living?

Oil prices have surged after strikes on Iran, raising fears the escalating Middle East conflict could spike fuel costs, energy bills and the wider cost of living

The Independent UK · Mar 3

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Barchart · Mar 3

Dollar Rallies and Gold Sinks on Reduced Fed Rate Cut Chances

The dollar index (DXY00 ) is up sharply by +1.29% at a 3.25-month high. The dollar is extending Monday's rally today after oil prices soared to an 8.5-month high, boosting inflation expectations and reducing the chance of additional Fed rate cuts, a supportive factor for the dollar. Market expectations for...

The Independent UK · Mar 3

Iran issues new Strait of Hormuz warning as tanker traffic grinds to a halt

An expert has warned that a lengthy closure would push crude oil prices ‘well into triple digits’

The Times of India · Mar 3

China’s 'ice-cold' calculus: Why Tehran can’t count on Beijing

Despite Iran's critical economic reliance on China, Beijing's response to strikes on its leader was limited to verbal condemnation and calls for de-escalation. China prioritizes its broader economic interests and balanced regional ties over defending Tehran militarily, demonstrating a strategic calculus that favors diplomacy and deniability over direct intervention or…

Barchart · Mar 3

Stocks Tumble as Crude Oil Soars and Bond Yields Rise

The S&P 500 Index ($SPX ) (SPY ) today is down -1.82%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -2.07%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.78%. March E-mini S&P futures (ESH26 ) are down -1.84%, and March E-mini Nasdaq futures...

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Euronews · Mar 3

Iran attacks threaten US GDP growth and inflation prospects

The US and Israeli attacks on Iran have pushed up oil prices, adding fresh uncertainty to a US economy already facing stubborn inflation and weak hiring.

Evening Standard · Mar 3

Reeves warns of risk of higher energy bills as Iran war sends oil and gas prices soaring

Gas prices have almost doubled since the start of the attacks on Iran

The Independent UK · Mar 3

Why natural gas prices has spiked by 93 per cent and what the impact might be for UK

A Qatari gas plant shutting has stoked fears of an energy crisis as attacks across the Gulf continue

We Got This Covered · Mar 3

‘Rise up, oil, from your knees!’: Putin may mourn Khamenei, but Russia is excited about the strikes’ impact on oil prices

Constrained supply + Higher prices = War funds

Barchart · Mar 3

Cotton Slipping Lower on Tuesday Morning

Cotton price action is down 25 to 30 points early on Tuesday. Futures posted losses of 90 to 102 points in the front months on Monday. Crude oil was up $4.01 on the day following the US/Israel strikes on Iran over the weekend, but just over $4 off the overnight...

Axios · Mar 3

Oil prices surge as Trump team readies to "mitigate" costs

Crude oil prices are at their highest levels since the military campaign against Iran after climbing again overnight and Tuesday morning.

Evening Standard · Mar 3

How will the conflict in the Middle East affect my finances?

Here, the Press Association looks at how the conflict could impact people’s finances in different ways.

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