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The Latest Breaking News from Oil

FTSE 100 Live 30 March: Index rallies despite higher oil price, car finance update due

The surge in energy prices continued today after President Trump said he is considering seizing Iranian oil hub Kharg Island.

Evening Standard

The New-Season Beauty Edit: March’s Most Considered Launches

New, noteworthy and completely necessary

Marie Claire

The Five Best RSO Gummy Brands

Cannabis edibles have evolved quickly over the past decade. What began as simple brownies and candies has grown into a sophisticated category with carefully formulated products designed for specific experiences.

inkl

From analysis to the latest developments in health,
read the most diverse news in one place.

Top forecaster's dire prediction if Iran war drags on

Australia could enter a recession, with the Reserve Bank raising interest rates a further three times, economists warn as fears of a protracted conflict mount.

AAP

European markets mixed as Iran tensions push oil prices higher

Brent crude has jumped more than 50% since the Iran conflict began, as Asian markets fall and European stocks follow suit.

Euronews

Will Trump bring peace, or more bombs? Shady speculators seem to bet right every time

The president may not be benefiting directly from betting markets, but he has encouraged a culture that treats politics like a casino floor, says Guardian columnist Nesrine Malik

The Guardian - UK

Iran issues US troops will be 'set on fire' warning; Pakistan to host talks to end war: 10 things to know

Pakistan is preparing to host negotiation talks between the United States, Iran and Israel after a month of war marked by military escalation, diplomatic backchannels and competing claims of progress toward a ceasefire. Islamabad has emerged as a potential mediator, even as Iran hardened its rhetoric against possible US ground…

The Times of India

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Asian shares decline as oil prices soar amid the war in Iran, echoing last week's Wall Street drop

Asian shares are mostly declining, as worries continue about soaring oil prices and the potential for further escalation in the U.S. war with Iran

The Independent UK

Oil set for record monthly gain – as it happened

This blog is closed – our live coverage continues on a new blog here

The Guardian - AU

Australian shares sink as oil hits $US116 a barrel

The Australian share market has fallen 0.7 per cent after oil prices hit a nearly four-year high and Houthi militants entered the Middle East war.

AAP

'US could take the oil in Iran': Trump signals seizure of Kharg Island export hub

His remarks come at a time when the US-Israel war with Iran has pushed the region deeper into crisis and driven a sharp surge in global oil prices. Brent crude climbed above $116 per barrel on Monday in Asian trading, nearing its highest level since the conflict began. Trump said:…

The Times of India

Ukraine war briefing: German defence giant sparks row after comparing Ukraine drone makers to ‘housewives’

Rheinmetall CEO’s dismissive comments draw pointed reaction from Ukrainian prime minister and adviser to Volodymyr Zelenskyy. What we know on day 1,496

The Guardian - AU

China’s ‘teapot’ oil refineries keep economy brewing – but surging crude prices leave them strained

The factories, which buy cheap crude and turn it into fuel, are struggling as higher oil prices threaten their razor-sharp margins

The Guardian - UK

The renewable energy source homeowners are turning to as oil and gas prices soar

Solar panel sales were up by 62% this month, according to E.On

The Independent UK

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The Independent UK

Swinney to push for powers over energy if SNP wins election

The First Minister will visit the north-east of Scotland on Monday.

Evening Standard

Britons turn to solar power to ‘insulate’ against oil and gas chaos, says E.On

The electricity supplier said solar sales were up by 62% this month, compared with the previous month.

The Independent UK

E.On claims war in Middle East has created huge increase in solar panel sales

Prices of crude oil and natural gas have rocketed in recent weeks

Axios

Oil prices rise as Iran war escalates with Houthi attacks

The increase came as the war moved into its fifth week, showing little sign of abating.

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news in one place.

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Fortune

Dow futures fall 300 points as Wall Street braces for potential U.S. ground assault on Iran and Houthi attacks that could slash oil supplies further

The 31st Marine Expeditionary Unit has arrived in the Middle East.

The Independent UK

Starmer to meet energy and finances bosses in bid to stop household bills spiralling

PM to hear directly from business leaders as war in the Middle East threatens economic instability

The Guardian - UK

Rachel Reeves to tell G7 accelerating shift to clean energy is best defence against energy price shocks

Starmer to convene major energy industry and insurance figures to draw up emergency plans amid continued blockade of strait of Hormuz

Evening Standard

Starmer to meet business leaders amid Hormuz blockade

The Prime Minister is expected to meet senior representatives from the energy, shipping and financial services industries.

The Conversation

War could add an extra 5% to prices in Australia – but there’s one sector that shields the economy

A drawn-out war in the Middle East could add an extra 5% to existing inflation in Australia, our new modelling shows.

The Independent UK

Egypt’s early closing order jolts Cairo’s night life as war-driven oil costs soar

Egypt is imposing early closing times for shops, cafes and restaurants to cut oil use as energy prices surge during the war

Bored Panda

Texas Oil Heir Charles Brooks Jr. Ordered to Pay $1.1B After Toddler Left Permanently Disabled

A Texas jury sent a $1.1 billion message of accountability after an oil heir, Charles Brooks Jr.'s domestic manslaughter left a toddler with permanent disabilities.

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