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The Latest Breaking News from Oil

Stock markets gain and oil falls on hopes of renewed US-Iran talks

European markets opened higher on Tuesday morning, tracking Asian and Wall Street gains, as oil prices fell on expectations that a possible second round of talks between the US and Iran would end the Iran war.

Euronews

UK growth forecasts slashed by IMF as Iran war hurts global economy – as it happened

International Monetary Fund has lowered its forecast for UK growth in 2026 and 2027, due to Iran war and weak growth in late 2025

The Guardian - UK

FTSE 100 Live 14 April: Index higher as oil stays near $100, Imperial falls

Stock markets have rallied amid renewed optimism over a Middle East peace deal.

Evening Standard

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Asian stocks gain and oil falls on hopes of renewed US-Iran talks

Asian stocks are trading higher, tracking Wall Street gains and oil prices fall as expectations rise again over a second round of talks on an end to the Iran war, which is now in its seventh week

The Independent UK

Trump vows to hit Iran ships as US begins strait blockade

WASHINGTON : The US military said it would begin enforcing President Donald Trump-announced blockade of the Hormuz Strait at 10am EST on Monday (7.30pm IST), while clarifying that the embargo will only apply to vessels entering or departing Iranian ports and not other Gulf entrepôts. Iran responded by saying “no…

The Times of India

Iran-US war latest: Trump says war is close to over as US claims ‘maritime superiority’ in Middle East

JD Vance said Trump ‘wants to make the grand bargain’ with Iran after peace talks failed over the weekend

The Independent UK

Replacing Your Low Smoke Point Oil Is the Key to Perfectly Seasoned Cast Iron – Professional Chefs Reveal the Ideal Swap

It's a simple swap for uncomplicated cast-iron cooking

Homes & Gardens

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Trump says US military blockaded Iranian ports to ramp up pressure on Tehran

The US blockade comes in an attempt to economically pressure Iran to reopen the Strait of Hormuz to maritime traffic after its six-week closure caused global oil prices to surge. Roughly 40 vessels have passed through since the start of the ceasefire, down from 100 or more per day before…

Euronews

Qantas route cuts will hit hard for regional travellers

Australians in regional areas will bear the brunt of increased airfares and reduced services as Qantas cuts routes in response to increasing fuel prices.

AAP

Qantas raises fares and cuts domestic flights as travel patterns shift due to Middle East turmoil

Australian airline is benefiting from demand for flights that transit through Asia – but says its jet fuel bill is rising sharply

The Guardian - AU

Strait of Hormuz blockade: the complex regional realities the US ignores at its peril

After the breakdown of ceasefire talks between the United States and Iran, President Donald Trump has now ordered a blockade of the pivotal Strait of Hormuz in the Persian Gulf.

The Conversation

Reeves to urge allies to co-operate amid economic turmoil from Iran War

Chancellor set to tout UK as ‘safe haven’ for investment amid meetings with major company bosses

The Independent UK

This ‘Heat Ring’ Mistake Is Ruining Your Cast Iron Sear – How to Stop Sticking and Burning in Seconds

Patience is the name of the game

Homes & Gardens

Corn Slips Lower into the Close

Corn futures failed to hold onto the Monday gains, closing with contracts steady to 1 ¼ cents lower and 5-6 cents off the highs. The CmdtyView national average Cash Corn price was down 1/2 cent at $4.02 3/4. Crude oil was up just $1.42 on the day, coming well off...

Barchart

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Barchart

Cotton Rally Extends to Monday

Cotton extended the gains to Monday, with contracts up 64 to 131 points at the close. The US dollar index was $0.230 lower at $98.420. Crude oil was up just $1.42 on the day, coming well off the highs, following the breakdown of US/Iran negotiations this weekend. Pressure came later...

Barchart

Soybeans Pressured Lower on Monday

Soybeans closed Monday with losses of 5 to 13 ¾ cents easing lower into the close. The cmdtyView national average Cash Bean price was down 13 1/2 cents at $10.95 3/4. Soymeal futures were up a dime to $1.60 lower on the day, with Soy Oil futures down 58 to...

Fortune

With the U.S. now blockading the Strait of Hormuz, the focus is on who has the ‘guts to go through first’

A coalition of U.S. allies is now working on a plan to safely secure the Strait of Hormuz.

Fortune

New drones are giving Ukraine a battlefield advantage and ravaging Russia’s oil industry

“Ukraine’s defensive successes, drone adaptations, and midrange strike campaign are creating compounding effects…degrading Russian frontline forces.”

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news in one place.

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Barchart

Stocks Settle Higher in Hopes for an Agreement to End the Iran War

The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +1.02%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.63%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.06%. June E-mini S&P futures (ESM26 ) rose +0.98%, and June E-mini Nasdaq futures...

The Independent UK

How a US blockade near the Strait of Hormuz could work and the impact ahead for the global economy

A blockade of Iranian ports that President Donald Trump said began Monday could further disrupt oil prices

Fortune

Trump has wanted to humble Iran since 1980. He may be humbling the American empire instead

Historians call it a “Suez moment”—when a fading empire goes to war to prove it is still one, and proves the opposite instead.

The Independent UK

Surging oil prices spark protest in Haiti as workers demand salary increases

More than 1,000 workers have organized a protest in Haiti’s capital to demand a higher minimum wage as the conflict in Iran deepens and drives up oil prices

Motor1

'I Feel Like I Wanna Throw Up': Texas Woman Gets In Car. Then She Realizes Something About The Air Filter

You’re used to getting an oil change or rotating your tires. It’s a regular part of the maintenance process, but there’s also one thing you should be doing that a lot of people overlook.

Barchart

Dollar Turns Lower After President Trump Said Iran Wants a Deal

The dollar index (DXY00 ) on Monday fell by -0.24%. The dollar gave up an early advance on Monday and fell to a 1.25-month low after stocks recovered when President Trump said that Iran still wanted to make a deal and reached out to the US over peace negotiations as...

Barchart

Crude Oil Rallies as US Blockade of Strait of Hormuz Begins

May WTI crude oil (CLK26 ) on Monday closed up +2.51 (+2.60%), and May RBOB gasoline (RBK26 ) closed up +0.0787 (+2.59%). Crude oil and gasoline prices settled sharply higher on Monday after peace talks between the US and Iran broke down over the weekend and President Trump imposed a...

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