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The Latest Breaking News from Oil

How high could oil prices go – and what might the global economic fallout be?

Crude prices could surpass their 2008 record, with potentially dire effects for consumers and businesses

The Guardian - UK

Here are the Iran war's biggest unknowns, from Tehran's new leader to oil prices

Big questions remain about the Iran war as it barrels into week two

The Independent UK

California gas prices rise above $5 a gallon amid US war with Iran

West coast state’s average cost per gallon has climbed $0.55 since the conflict in Middle East began over a week ago

The Guardian - US

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5 High-Yield Stocks That Could Help Cushion Market Volatility

Rising geopolitical tensions and crude oil prices above $100 have reignited inflation concerns, pushing investors to consider defensive portfolio positioning.

MarketBeat

Trump says Iran war is ‘very complete, pretty much’ as economic toll rises

President reassures Republicans that conflict is intended to be short lived but also says ‘we haven’t won enough’

The Guardian - UK

UK inflation likely to rise because of Middle East war, says Rachel Reeves

Chancellor says she is ready to help households with rising costs but stops short of setting out specific steps

The Guardian - UK

Stock markets drop after spike in crude oil prices amid Iran conflict

On Monday morning, the FTSE 100 joined the other major financial markets with a firm slump, dipping by as much as 1.7%.

Evening Standard

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Soybeans Feeling Pressure on Monday

Soybeans are down 5 to 7 cents at Monday’s midday, more than 35 cents off the overnight highs. Open interest was up 16,951 contracts on Friday. The cmdtyView national average Cash Bean price is down 6 1/4 cents at $11.20 1/2. Soymeal futures are down $3 to $3.70, with Soy...

Barchart

Cotton Posting Monday Midday Gains

Cotton futures are up 15 to 51 points across most contracts. Crude oil is up just $3.97 at midday and nearly $25 from the overnight highs. The US dollar index is back up $0.116 at $99.095. CFTC reported managed money increasing their net short position in cotton futures and options...

Barchart

Wheat Fading Back Lower at Midday

The wheat complex is down across most contracts on Monday. Chicago SRW futures are down 10 to 13 cents. KC HRW futures are 2 to 4 cents in the red. MPLS spring wheat is fractionally mixed at midday. Crude oil is up just $3.97 at midday and nearly $25 from...

Barchart

Corn Reverting Lower at Monday’s Midday

Corn futures are down 3 to 7 cents across most contracts, falling from the overnight highs. There were 241 deliveries issued against March corn on Friday night. The CmdtyView national average Cash Corn price is down 6 1/2 cents to $4.12 3/4. Crude oil is up just $3.97 at midday...

Barchart

It's Too Early To Buy the Dip in GOOG Stock Even As It Falls to Near $300

While Alphabet stock has fallen close to $300 levels, it might still be a bit soon to buy the dip.

Barchart

FTSE sell-off eases as Iran conflict shifts rate bets

The FTSE 100 index closed down 35.23 points, 0.3%, at 10,249.52.

Evening Standard

Israel did tell U.S. about its Iran strikes in advance but went so far beyond expectations that a U.S. official’s response was just ‘WTF’

Israel goes rogue, AGAIN!

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Barchart

Sugar Prices Jump as Crude Oil Surges

May NY world sugar #11 (SBK26 ) is up +0.47 (+3.33%), and May London ICE white sugar #5 (SWK26 ) is up +5.70 (+1.38%). Sugar prices continued higher today on the fresh surge in oil prices seen after Israel bombed 30 oil depots in Iran. The rally in oil prices...

Fortune

Trump promised to fill America’s oil reserves ‘right to the top.’ A year later, oil has exceeded $100 and they’re still less than 60% full

Since the beginning of Trump’s second term, the strategic oil reserve has grown only 5%.

The Independent UK

Iran war puts at risk key pipelines, terminals and refineries that supply the world with oil and gas

Attacks by the U.S. and Israel on Iran, and Iranian missile and drone attacks on neighboring countries, have disrupted oil and gas supplies to the rest of the world — and dealt an energy price shock to the global economy

Evening Standard

Rachel Reeves warns of ‘upward inflationary pressure’ caused by Iran war

The Chancellor said she was ready to support a ‘co-ordinated release’ of international oil reserves.

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Euronews

EU ministers eye oil reserves to contain energy prices and inflation as Iran war rages

Ministers are exploring measures to curb energy prices and inflation at a series of meetings in Brussels, with the release of oil reserves being discussed. Germany stated that it supports keeping the option on the table, but emphasised that now is not the right time to use it.

Euronews

Hungary demands EU lift sanctions on Russian energy as prices spike amid Iran war

Hungarian PM Viktor Orbán has written to EU leaders demanding a suspension of sanctions on Russian energy as energy prices surge. The European Commission has not responded yet.

International Business Times

Oil Prices Surge Above Pandemic-Era Levels As Iran War Tightens Supply Chain

Gas prices have spiked 27 cents a gallon in the last week as the Iran war has caused the price of oil to skyrocket.

Roll Call

Rising pump prices draw calls to action from Democrats

As oil prices rise in the wake of U.S. military operations in Iran, Senate Democrats have begun calling for a solution to the increasing costs. Senate Minority Leader Charles E. Schumer, in a Sunday post on X, called on President Donald Trump to draw down oil from the Strategic Petroleum…

The Conversation

The Middle East conflict has swiftly exposed economic vulnerability in the region

At the end of 2025, the Gulf states received high praise for their economic resilience. According to reports by the World Bank and the World Economic Forum, the region was stable, modern and reliable.

Evening Standard

Competition watchdog warns suppliers over soaring heating oil costs

Sudden volatility in the global oil trade has caused prices to spike by up to £100 in the past week alone.

Euronews

G7 'not there yet' on releasing oil reserves as Iran war drives price surge

After oil prices jumped above $100 a barrel overnight, finance ministers from the G7 countries held a conference call on Monday but did not agree on releasing oil stockpiles to stabilise the market.

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