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The Latest Breaking News from Oil

There are no missiles raining down on Havana. But what I saw there was still warfare

Trump’s oil blockade is starving the island of vital resources. His brute force isn’t making America great again – it’s breeding resentment across the globe, says Guardian columnist Owen Jones

The Guardian - UK

Soaring oil prices spark fear of global recession

Fears of a global recession have emerged due to soaring prices, exacerbated by the conflict in the Middle East. Larry Fink, CEO of BlackRock, has predicted a global recession if oil prices reach $150 a barrel, citing "profound implications" should Iran remain a threat. UK Chancellor Rachel Reeves warned that…

The Independent UK

Iran oil insider trader concern after hundreds of millions are wagered minutes before Trump’s ‘peace talks’ post

Surge in global betting on energy markets seen on Monday morning 15 minutes prior to President Donald Trump’s Truth Social post announcing ‘productive’ talks with Iran

The Independent UK

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Cyprus to ‘seek new security deal’ for UK military bases following strike on RAF Akrotiri

Cypriot president has called for ‘open and frank’ discussions over future of UK bases on the island

The Independent UK

Strait of Hormuz Shock: Trump Reveals Iran's 'Huge Gift' as US-Iran Tensions Spike

Trump says Iran sent a major oil and gas 'gift' tied to the strategic Strait of Hormuz as tensions with Tehran surge and diplomacy heats up

International Business Times UK

Oil prices fall back and global stocks rally amid hopes of Iran war ceasefire

Brent crude fell back below 100 US dollars a barrel, down 6% at 98.23 dollars in morning trading on Wednesday, while UK natural gas prices tumbled 8%.

Evening Standard

Stocks rise and oil dips on hopes of 15-point Iran peace plan

Markets in Asia, Europe and US move higher after Iran says it will permit ‘non-hostile’ ships through strait of Hormuz

The Guardian - UK

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Markets rally, oil prices fall as Trump signals Iran talks

Oil prices fell more than 4% and European shares gained on Wednesday on the possibility of a de-escalation in the Iran war.

Euronews

Goldman raises recession odds to 30% on higher inflation, lower GDP outlook as oil prices surge

Goldman said it expected six weeks of Hormuz disruption, with Brent crude averaging $105 per barrel in March and $115 in April before retreating to $80.

Fortune

Inflation in France jumps as Iran war hits growth and spending

France is heading for a sharp rise in inflation this spring as soaring oil prices linked to the conflict in Iran erode household purchasing power, with growth expected to slow in early 2026, the national statistics agency said.

Radio France Internationale

What we know about Trump’s 15-point plan to end the Iran war

Iran announced on Wednesday it has received a proposal to end the war from the US via Pakistan

The Independent UK

In Orbán's 'unacceptable' veto, António Costa finds his biggest challenge yet

With his "unacceptable" veto on the €90 billion loan to Ukraine, Viktor Orbán is not only defying his fellow leaders. He is also directly challenging António Costa's authority and credibility as European Council president.

Euronews

Europe has survived 3 energy shocks in 4 years. The only way out is to stop buying power from its enemies

Oil above $100. Gas prices up 70%. Every crisis has a different trigger—and the same vulnerability. Europe must become the world's first Electro-Continent.

Fortune

Trump's peace plan, Iran’s counter: What’s the endgame? Where things stand in Week 4 of Middle East war

As the war in the Middle East nears its fourth week, signals from Washington suggesting progress in peace talks talks with Iran have offered brief moments of market relief, but these have been quickly overshadowed by Tehran’s outright denials and continued hostilities in the region.

The Times of India

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Euronews

Newsletter: Poland, Hungary clash amid allegations Budapest leaked EU secrets to Moscow

Also in this newsletter: Danish Prime Minister Mette Frederiksen faces an uncertain future after suffering a setback in Tuesday's snap ballot.

The Independent UK

Oil prices fall as Iran says ‘non-hostile’ ships can pass through Strait of Hormuz

Five vessels were tracked transiting the waterway via their automatic identification systems, down from an average of 120 daily transits before the conflict began

The Times of India

Iran war impact: Philippines declares energy emergency with only 40 days of fuel remaining

The Philippines has declared a national energy emergency due to escalating Middle East conflict, fearing imminent danger to fuel supplies. President Marcos Jr. warned of potential flight groundings and industry rationing. The government is empowered to enforce conservation, fast-track procurement, and provide commuter relief. This move highlights the nation's vulnerability…

The Guardian - UK

ECB could raise eurozone rates ‘as soon as next month’; oil price dips on peace talk hopes – as it happened

UK inflation stays at 3% in February as petrol prices fall and food inflation eases, before Iran war drives up global energy costs

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Evening Standard

FTSE 100 Live 25 March: Markets rally, inflation steady before oil price shock

Stocks today rallied after the price of oil fell on hopes of a de-escalation of the Middle East conflict.

International Business Times UK

MBS Labels Iran War a 'Historic Opportunity', Urges Trump to Deploy Troops Amid Growing Saudi Oil Threats — Report

Explore how Saudi Crown Prince Mohammed bin Salman's call for US intervention in Iran could alter Middle East stability, impact global oil prices, and reshape international relations. Discover the potential consequences on energy costs.

Marie Claire

I’m Tired of Dealing With Split Ends—So I Asked the Experts How to Treat, Trim and Prevent Them

Here’s everything you need to know

International Business Times UK

What Is Trump's Mysterious 'Tremendous' Gift From Iran? President Teases Major Prize

President Trump claims Iran sent the US a mysterious oil-and-gas 'present' worth a tremendous amount of money as talks reportedly advance

Evening Standard

'Are you negotiating with yourself?' Iran mocks Trump as US sends 1,000 paratroopers to Middle East

‘Has the level of your inner struggle reached the stage of you (Trump) negotiating with yourself?’ - Iran joint military command spokesperson

International Business Times UK

US–Iran War Update: 82nd Airborne Division Sends At Least 2,000 Troops to Middle East as Trump Explores Iran Ceasefire

US deploys 2,000 airborne troops to Middle East, raising concerns for oil security amid Iran tensions and ceasefire efforts

International Business Times UK

Diesel Hydrotreater Heater Blast or Iranian Sabotage? Port Arthur Refinery Explosion Sparks Conspiracy Storm

An explosion at Valero's Port Arthur refinery in Texas has sparked conspiracy theories amid US-Iran tensions, though officials attribute it to equipment failure

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