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The Latest Breaking News from Oil

Climate Activists Confront Iran War Profiteering at Big Oil Confab in Houston

Meanwhile, the U.S. energy secretary tries to soothe an anxious American oil industry, urging them to ramp up production amid shock to global markets.

Texas Observer

Oil above $100 a barrel while stocks open lower in expectation of US-Iran talks

US stocks opened slightly lower on Tuesday while oil prices climbed higher, reflecting persistent uncertainty over the Iran war even after US President Donald Trump signalled progress in talks.

Euronews

EU delays proposal to ban Russian oil amid Iran war, price spikes and Druzhba row

A law to permanently ban Russian oil from the European Union has been pushed back amid rising prices fuelled by the war in the Middle East.

Euronews

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America’s main supplier of jet fuel to Israel goes up in flames in Texas

What on Earth is going on?

We Got This Covered

Is ConocoPhillips Stock at a Peak? - Covered Call COP Plays Look Attractive

Despite the turmoil from the war in Iran, oil prices may be near a peak. However, analysts have pushed up COP price targets. That makes selling covered calls in COP stock attractive now.

Barchart

Rachel Reeves warns of ‘significant’ economic challenges from Iran war

The Chancellor updated MPs on the economic impact of the Middle East crisis, which has pushed up oil and gas prices.

Evening Standard

Oil Prices Surge Again, US Stocks Waver as Iran Rejects US Negotiations

Oil prices surged while US equity indexes fell in early Tuesday hours after Iran reportedly rejected America's negotiations efforts.

International Business Times UK

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Cotton Posting Tuesday Morning Losses

Cotton price action is down 15 to 26 points so far on Tuesday morning. Futures closed the Monday session with contracts 4 to 13 points lower in most contracts. Pressure was from a President Trump post ordering the Department of War to postpone some military strikes on Iran. Crude oil...

Barchart

Pakistan tells cricket fans to skip travelling for matches as Middle East war deepens fuel crisis

Pakistan Super League, which runs from 26 March to 3 May, cuts hosting venues from six to two

The Independent UK

Current price of oil as of March 24, 2026

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

Fortune

US set to deploy airborne troops amid Trump claims of ‘very good’ Iran talks

Israel and Gulf states targeted by Iran in latest strikes while Tehran denies any negotiations with US to end war

The Guardian - UK

Is Donald Trump Spreading 'Fake News'? Iran Denies Secret Negotiations to End War

Donald Trump said the US and Iran had reached major points of agreement to end the war, but Iran's parliamentary speaker dismissed the remarks as fake news aimed at manipulating oil markets and insisted no negotiations are underway.

International Business Times UK

UK manufacturers hit by sharpest rise in cost inflation since Black Wednesday in 1992

PMI figure reveals impact on economy of rise in oil prices driven by Iran war

The Guardian - UK

This Mediterranean-style diet could keep your brain sharp as you age – new study

The Mediterranean diet – rich in olive oil, fish, vegetables and legumes – has long been linked to better heart health. Growing evidence suggests it may also help support brain health as we age, with a brain-focused variation of the diet drawing increasing scientific attention.

The Conversation

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Fortune

Trump needs an exit strategy in Iran as $100 oil looms over the midterms

Everything you need to know before you reach the office this morning.

Whats Hot

Pune Eatery’s ‘Orange-Haired Man’ Jibe Over LPG Price Hike Goes Viral

As tensions between Iran and the United States ripple across global markets, their impact is being felt far beyond geopolitical corridors—reaching even small eateries in India. Rising crude oil prices, exacerbated by disruptions in key transit routes like the Strait of Hormuz, have driven up the cost of essentials such…

Barchart

S&P Futures Waver as Concerns Over Middle East Conflict Persist, U.S. PMI Data in Focus

June S&P 500 E-Mini futures (ESM26) are trending up +0.02% this morning, swinging between gains and losses as optimism over a de-escalation in the Middle East conflict wanes.

Evening Standard

First time buyers face £1200 jump in mortgage bills as war in Iran brings havoc to market

Lenders have been forced to reprice their deals faster than at any time since the mini-Budget in 2022 because of the turmoil in the gilts market

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International Business Times UK

Is the World Heading for an Energy Lockdown in 2026? Oil Prices, Blackouts, and What's Really Coming

The crisis stems from escalating conflict involving the United States, Israel, and Iran, with the Strait of Hormuz emerging as the critical choke point.

Whats Hot

How Much Oil Does India Have? Government Shares Big Update

Prime Minister Narendra Modi on Tuesday addressed the implications of the ongoing West Asia conflict on India’s fuel security, assuring the nation that adequate measures are in place to maintain uninterrupted supplies.

Euronews

Many Asian countries are heavily reliant on oil that passes through the Strait of Hormuz, and some popular tourist destinations are now enacting measures to limit fuel consumption as the conflict enters its fourth week.

Axios

Rubio to testify in friend's trial over Venezuela oil deal

The Miami trial sheds light on the unseemly world of shadowy foreign influence efforts in Latin America.

Barchart

How Is Texas Pacific Land’s Stock Performance Compared to Other Oil & Gas Stocks?

Texas Pacific Land has outshined other Oil & Gas players lately, and Wall Street remains optimistic about the stock.

Evening Standard

Hunt for ‘blood oil inside traders' who made millions from Trump’s halt on energy strikes in Iran war

In Britain, the City watchdog is being urged to investigate if there has been any insider trading here linked to Trump’s war

The Guardian - UK

More North Sea drilling will put UK at mercy of fossil fuel markets, ministers say

Ed Miliband says only clean power will provide ‘energy sovereignty’ amid opposition calls for oil and gas expansion

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