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The Latest Breaking News from Oil

Blink and miss: Trump’s tactic of threats first and U-turn later is proving stale in Iran war

President’s move, dubbed Trump Always Chickens Out, appears to have soured as he loses hold on situation in Iran

The Guardian - US

Havana on edge again: How a Russian tanker, US blockade, and a fuel-starved island are pushing Cuba back into Cold War shadows

A Russian tanker carrying oil is heading towards Cuba, intensifying a geopolitical standoff with the US. This move challenges America's de facto oil blockade on the island, which is facing an energy crisis. The situation echoes the Cuban Missile Crisis, highlighting Cuba's enduring strategic importance and testing US resolve in…

The Times of India

Michael Burry Warns of Trump's Market-Driven War Management in the Middle East

Michael Burry warns that President Trump's Middle East strategy is being compromised by a fear of stock market dips. Discover how the 7 April Iran deadline and volatile oil prices are impacting US 401(k)s. Get the facts on the market-driven war management debate of 2026.

International Business Times UK

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Current price of oil as of March 27, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

Cotton Slipping Back on Friday Morning Trade

Cotton price action is down 3 to 10 points on Friday morning. Futures closed out the Thursday session with contracts 21 to 123 points higher across the board. The US dollar index was $0.296 higher at $99.695. Crude oil was up $3.46 on the day to $93.79. Export Sales data...

Barchart

War in the Middle East made the case for renewables – what’s happening in each country tells a harder story

The oil-dependent world is in crisis. Ship traffic in the Strait of Hormuz – through which more than a quarter of global seaborne oil trade and a fifth of the world’s liquefied natural gas flow – is at a virtual standstill. Oil prices have climbed, briefly topping US$119 a barrel.

The Conversation

In The Room | Stockpiling fuel and panic buying loo roll – are we prepped for war?

As the war in the Middle East continues, there are fears there could be a global recession over oil prices.

The Independent UK

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What has happened in the Strait of Hormuz – and why is it so important?

IN FULL

The Independent UK

A war of regression: how Trump bombed the US into a worse position with Iran

Analysts fear Iran has played a weak hand well and the US has blundered into a defining strategic failure

The Guardian - UK

Energy Shock From Iran War Pushes More Consumers Towards EVs, Solar, and Heat Pumps

Rising energy prices amid the Iran war are driving global demand for electric vehicles, solar panels, and heat pumps.

International Business Times UK

Middle East Airports Chaos 2026: Full List of Closed vs Open Hubs Amid Iran War

Air travel across the Middle East remains in turmoil as of late March 2026, with major airports operating under severe restrictions or partial closures following U.S.-Israeli strikes on Iran and retaliatory actions that triggered widespread airspace shutdowns.

International Business Times

Australia PM tries to reassure public as panic buying sees fuel demand surge 400% in some regions

Albanese says Australia's supply of petrol, diesel and oil would be ‘same, if not higher, than it normally would be’

The Independent UK

Oil prices soar past $110 a barrel again after Iran says Strait of Hormuz is closed

Experts raise fresh UK recession fears as hopes of falling oil prices are dashed

The Independent UK

S&P Futures Slip on Middle East Conflict Uncertainty and China Trade Probes

June S&P 500 E-Mini futures (ESM26) are trending down -0.49% this morning as investors digested conflicting news about the Middle East conflict, while China escalated its trade dispute with the U.S.

Barchart

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Kiplinger

Oil Prices Push Up More Than the Cost of Gas. Here's What Gets More Expensive Next

From groceries to flights, higher oil prices ripple through your budget. Here's how the chain reaction works and when you may start to feel it.

International Business Times UK

Cuba's Doctors Seen Manually Operating ICU Machines as Power Crisis Continues to Threaten Patients

Cuba's worsening energy crisis severely affects hospitals. Discover how healthcare workers handle power outages and sustain critical care amid fuel shortages and blackouts.

Euronews

‘Reckless’: Trump seeks Endangered Species Act exemption for oil, gas projects in Gulf of Mexico

The move could 'greenlight the extinction of sea turtles, whales and corals to pad the oil industry’s pockets', says an Earthjustice attorney.

The Guardian - UK

Saudi Arabia urging US to ramp up Iran attacks, intelligence source confirms

Crown Prince Mohammed bin Salman said to view US-Israeli war as ‘historic opportunity’ to remake Middle East

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International Business Times UK

Strait of Hormuz 'Toll Booth' Implemented? Iran Tightens Control with New Fees and Vetting System in Key Oil Chokepoint

Iran introduces a toll booth system in the Strait of Hormuz, requiring vessels to submit documentation and pay fees, impacting global oil trade

The Guardian - UK

Wall Street hits six-month low and Dow falls into correction as Trump ‘appears to lose his grip on markets’ – as it happened

Rolling coverage of the latest economic and financial news, as Brent crude trades over $110 a barrel for first time since Monday

Evening Standard

FTSE 100 Live 27 March: Retail pressure mounts, gilt yield at 18-year high

President Trump’s extension of Iran peace talks has failed to cool oil prices after Brent crude touched $110 a barrel.

The Times of India

Trump extends Hormuz deadline even as strikes continue; oil prices ease: What's happening in US-Israel vs Iran war

US President Donald Trump has extended a pause on strikes targeting Iran’s energy infrastructure until early April, as Washington signals that diplomacy remains its preferred path forward in the escalating conflict. The temporary halt, announced as a 10-day window, comes amid claims from Trump that negotiations with Tehran are progressing,…

Radio France Internationale

G7 unity tested as US envoy Rubio faces pressure from allies on Iran

G7 allies were on Friday pressing US Secretary of State Marco Rubio for clarity on American plans for Iran almost one month into the war in the Middle East, with concern also intensifying over the extent of cooperation between Russia and Tehran.

Euronews

European country vows to give homeowners ‘free electricity' instead of switching off wind turbines

Europe’s outdated and under-invested energy grid means huge amounts of renewable energy are wasted every year.

The Guardian - UK

Iran’s black rain is latest grim example of weather in war zones

Strikes on oil facilities burned thousands of tons of stored fuel, producing a pall of toxic smoke

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