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The Latest Breaking News from Oil

Breaking 4 publishers covering this story in the last 6 hours

1h ago Behind the scenes: How the C8 summit and an oil deal exposed fragile Hungary-Ukraine ties
2h 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?
3h ago The tricky tests awaiting Andy Burnham after Labour conference
4h ago 'Trump Strait': US President shares new map of Hormuz after rejecting Iran's 7-day ceasefire offer
4h ago Battered bonds draw support from falling oil prices

Western coverage of Iran is like a masterclass in saying everything except who did it

A day after Iranian Supreme Leader Ayatollah Ali Khamenei was confirmed killed in joint US-Israel strikes, Iran hit back hard. American jets crashed in Kuwait. Saudi Aramco's oil facilities were struck. Missiles and drones swept across Bahrain, Saudi Arabia, Qatar, the UAE, Iraq, and Israel.

Newslaundry · Mar 2

Gas prices rocket as Qatar halts production after Iranian attacks

Qatar’s state-backed energy company stopped liquified natural gas production, driving a roughly 52% jump in European wholesale prices.

Evening Standard · Mar 2

What disrupting the strait of Hormuz could mean for global cost-of-living pressures

The narrow shipping route on Iran’s southern border carries one-fifth of global seaborne crude oil, one-fifth of LNG shipments and one-third of the most widely used fertiliser

The Guardian - AU · Mar 2

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Fuel prices expected to rise because of Iran conflict

Disruption to tanker traffic in the Middle East has sparked a rise in oil prices, which have a significant effect on wholesale fuel prices.

Evening Standard · Mar 2

European gas prices jump by as much as 45% as Qatar stops LNG production

European natural gas prices surged on Monday as the escalating conflict in the Middle East caused Qatar to stop LNG production at the world’s top plant.

Euronews · Mar 2

Cotton Falling Early on Monday

Cotton price action is down 50 to 86 points so far on Monday morning. Futures posted 25 point gains across the nearby contracts on Friday, with May down 2 points on the week. December was up 40 points last week. Crude oil is up $5.07 this morning following the US/Israel...

Barchart · Mar 2

The “Beard Bacteria” Alert: Why Your Post-Workout Routine Is Trapping Harmful Minerals Against Your Skin

A great beard can project confidence, grit, and style. It can also trap sweat, minerals, and bacteria right against the skin if post-workout care falls short. That thick, proud facial hair that frames the jawline turns into a warm, damp net after a hard training session, and that net holds…

Clever Dude · Mar 2

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Don't panic buy petrol, Londoners urged as Iran war escalates with more airstrikes

The cost of oil spiralled on global markets amid the crisis in the Middle East

Evening Standard · Mar 2

6 Things to Buy at the Grocery Store for Your Home

Keeping your home clean and well-maintained usually requires an expensive trip to a big box hardware store. You wander the massive aisles buying highly specialized chemical cleaners and expensive tools just to scrub your kitchen counters. You absolutely do not need to spend a fortune on fancy brand-name solutions to…

Grocery Coupon Guide · Mar 2

This smoky lentil sloppy joes packs in the plant-based protein and demands napkins

Fitness pro and author Robin Arzón has a vegan lentil sloppy joes recipe that tastes hearty and smoky, without a sugary ketchup vibe

The Independent UK · Mar 2

Tariffs meet oil shock: Corporate margins face a new squeeze

Tariffs and an Iran conflict–sparked oil shock are layering costs and uncertainty onto corporate finances.

Fortune · Mar 2

Middle East crisis pushes up oil prices – and could drive inflation rises too

Effects of extended conflict between US and Iran could also lead to higher interest rates and hit economic growth

The Guardian - UK · Mar 2

First Thing: Trump says ‘likely more’ deaths of US troops before Iran conflict ends

Trump cited debunked claims in video address that Iran was on verge of nuclear weapons to justify US casualties. Plus, the teacher who exposed Putin’s primary school propaganda

The Guardian - UK · Mar 2

Five injured in huge Ukrainian drone strikes on Russian port city

Ukraine-Russia war latest: Five injured in Ukrainian drone attack on major Russian oil terminal

The Independent UK · Mar 2

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Evening Standard · Mar 2

Saudi Arabia's biggest domestic oil refinery hit by Iranian drone strike

Oil and gas output across the Middle East has been disrupted by Iranian strikes in retaliation to the attack by the US and Israel

The Independent UK · Mar 2

British Airways owner IAG sees stock price plummet as FTSE 100 falls in wake of Iran strikes

The prices of oil and gold have gone up but stock markets are heading in the opposite directions as investors weigh the uncertainty caused by the Middle East crisis

Euronews · Mar 2

Another oil tanker hit by drone boat as Strait of Hormuz tensions rise

An oil tanker has been struck near the Strait of Hormuz, marking another attack in the area that triggered an explosion and left one crew member dead.

Euronews · Mar 2

‘A world chained to fossil fuels’: Does the war on Iran prove it’s time to quit oil for good?

After Iran warned that the Strait of Hormuz was closed for navigation, climate groups have urged governments to focus on clean energy.

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The Independent UK · Mar 2

Oil prices surge as Strait of Hormuz tanker disruptions rattle global supply

Oil prices have jumped as tanker disruptions near the Strait of Hormuz raise fears about supply shortages from the Persian Gulf

The Times of India · Mar 2

US-Israel strikes in Iran: Indian national killed in attack on oil tanker off Oman coast

An Indian national has died after an oil tanker, the MKD VYOM, was attacked by an unmanned boat off the coast of Oman. The strike caused a fire and explosion in the vessel's engine room. This incident occurs amid heightened tensions and ongoing retaliation campaigns in the Gulf region.

Fortune · Mar 2

European markets slide as Iran ‘war trade’ joins the global AI ‘scare trade’

Opening this morning for the first working day since the military attacks this weekend, European stock markets slumped, and the price of oil and gas surged.

The Independent UK · Mar 2

Oil, gas and stocks fluctuate over Iran war – what does it mean for your money, pension and energy prices?

The latest conflict, which is spreading across the Middle East, will have a significant knock-on effect in terms of inflation, interest rates and commodity prices

International Business Times · Mar 2

Exxon Mobil Stock Rallies on Oil Price Surge Amid U.S.-Iran Conflict Escalation

Shares of Exxon Mobil Corp. (NYSE: XOM) climbed sharply in early trading Monday as escalating U.S.-Iran military conflict drove oil prices higher, boosting prospects for the world's largest publicly traded oil company amid fears of supply disruptions in the Middle East.

International Business Times · Mar 2

Oil Companies Warned Against Raising Petrol Prices Amid Middle East Conflict

A spokesperson from the NRMA has said that Australian drivers should not panic over the possibility that petrol prices will rise significantly.

Fortune · Mar 2

Stocks plunge in global selloff, but some on Wall Street are looking for assets that respond well to war

Wells Fargo’s Ohsung Kwon argued that traders should buy the dip.

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