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The Latest Breaking News from Oil

Oil prices surge as Trump team readies to "mitigate" costs

Crude oil prices are at their highest levels since the military campaign against Iran after climbing again overnight and Tuesday morning.

Axios

How will the conflict in the Middle East affect my finances?

Here, the Press Association looks at how the conflict could impact people’s finances in different ways.

Evening Standard

Eurozone inflation sees unexpected rise: Is the worst yet to come?

Eurozone inflation rose to 1.9% in February, above expectations, before Middle East tensions sent oil and gas prices sharply higher.

Euronews

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read the most diverse news in one place.

What oil, stocks and bonds are telling us about the Iran conflict and how long it might last

When a conflict escalates, financial markets respond within minutes. That reaction is not just panic or speculation – it is a kind of collective judgement about what might happen next.

The Conversation

EU Heightens Economy and Security Watch as UK, France, Germany Side with US on Iran Crisis

As tensions rise in the Middle East, Europe braces for potential impacts on energy supplies and economic stability. The EU steps up monitoring and security measures.

International Business Times UK

NI ‘least energy secure’ part of UK, MLAs warned amid surging oil prices

The majority of households (61%) in Northern Ireland use oil as their primary method of household heating, compared to just 5% across the UK.

Evening Standard

The market winners: Which stocks are 'boosted' by the Iran war so far?

As US and Israeli jets struck targets in Iran and Lebanon over the last few days and Iranian missiles hit Israel and Gulf states, the death toll has climbed into the hundreds. Yet on trading floors from New York to London, a handful of companies have notched sharp gains.

Euronews

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S&P Futures Plummet as Middle East Conflict Fuels Inflation Fears

March S&P 500 E-Mini futures (ESH26) are trending down -1.77% this morning as the Middle East conflict has entered its fourth day with no signs of de-escalation, driving oil prices higher and stoking inflation concerns.

Barchart

Strait of Hormuz Closure is a Guaranteed Global Recession, Inflation Risks Surge on Rising Oil Prices

The closure of the Strait of Hormuz could impact global energy supply chains and drive up oil prices, which analysts believe could lead to a worldwide recession.

International Business Times UK

5 Non Meat Protein Foods Packed With Power, Plus Easy Recipes to Add to Your Routine

Looking for plant based protein sources? These 5 non meat protein foods offer serious nutrition, plus simple recipes to add to your daily diet.

International Business Times

Iran war casts a pall over UK economic update

With oil prices soaring and stocks tanking, the fast-evolving Iran war has cast a pall over the economic forecasts that British Treasury chief Rachel Reeves is set to unveil later Tuesday

The Independent UK

Stock markets slump amid Iran war as gas prices jump 30% to three-year high

FTSE 100 on track for its worst day in 11 months, while Japan’s Nikkei and South Korea’s Kospi also fall

The Guardian - UK

How Iran's strikes are putting Dubai's 'safe-haven' reputation under strain

Dubai, once a symbol of Middle Eastern stability, now faces unprecedented threats after Iranian missile and drone strikes targeted its airport and iconic landmarks. The attacks shattered the city's aura of invincibility, raising serious concerns for its economic model and the safety of millions of residents, particularly the large Indian…

The Times of India

Houseplant hacks: can neem oil really beat mealybugs?

This natural pesticide may work on a small infestation – it just requires elbow grease and repeat treatments

The Guardian - UK

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Evening Standard

Oil prices surge further and markets slump as Middle East war intensifies

Brent crude rose by another 4% on Tuesday to stand at a one-year high of nearly 81 US dollars a barrel, while the FTSE 10 tumbled more than 2%.

Evening Standard

Soaring oil and gas prices threaten new inflation headache for Reeves

Qatar produces a fifth of the world’s LNG and is the biggest supplier to Asia

Evening Standard

Oil prices rise further as Iran blocks vital shipping route

Brent crude rose by more than another 3% on Tuesday to a one-year high of 80 US dollars a barrel.

Evening Standard

Here we go again...can markets take the latest turmoil in their stride?

Investors have experienced copious financial crises in the last 40 years

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The Guardian - AU

Chris Bowen urges motorists not to panic-buy petrol as oil prices jump amid Iran conflict

Energy minister says ‘there is no need to rush to the service station and fill up’ as treasurer urges consumer watchdog to monitor for price gouging

International Business Times UK

What is a 'Fuel Duty Rise' and What Does Rachel Reeves Have to Do With It?

Chancellor Rachel Reeves faces mounting pressure over planned fuel duty rises as oil prices surge amid escalating Middle East tensions.

The Guardian - UK

Iran conflict could have ‘very significant’ impact on UK economy, OBR warns; FTSE 100’s biggest fall in 11 months – as it happened

Spring forecast show UK unempoyment to peak higher than feared, as tax take heads for a record, but headroom against fiscal rules has increased

Evening Standard

FTSE 100 Live 03 March: Energy price surge continues, stocks deep in red

Fears of a new inflation spike have intensified after oil and gas prices today extended their upward momentum.

International Business Times UK

Saudi Market Reaction: How Global Oil Prices React to Gulf Infrastructure Attacks

Drone attacks on the US Embassy and Aramco's Ras Tanura refinery in Riyadh raise security alarms and impact global oil markets

The Independent UK

Iran attacks threaten US economy with more uncertainty around inflation, growth

The U.S. and Israeli attacks on Iran add yet more question marks around a U.S. economy already buffeted by on-and-off tariffs, weak hiring, and lingering inflationary pressures

The Guardian - UK

Trump’s show of force in the Middle East creates a weakness China can exploit

Beijing can again leverage its critical minerals dominance over an increasingly busy US military, as Taiwan slides further down the White House list of priorities

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