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The Latest Breaking News from Oil

The global economy has a month—eight weeks at most—to avoid a recession, warns top economist

“The irony in all this is that the U.S., which started the war, does better in relative terms than anybody else because of its energy supplies.”

Fortune

‘Time to move forward, or be left behind’: Colombia climate talks end with fossil fuel phaseout push

Europe dominated the Santa Marta fossil fuel summit. Here are the key takeaways.

Euronews

‘Historic breakthrough’: Colombia climate talks end with hopes raised for fossil fuel phaseout

Nearly 60 countries back voluntary roadmaps to wean world off coal, oil and gas, at conference prompted by frustration with UN climate summits

The Guardian - UK

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Eurozone inflation hits 3% as oil prices spike and economic growth slows

Soaring oil prices linked to the Iran war pushed inflation higher in the euro area in April, while growth continued to underperform — a worrying combination for both consumers and policymakers at the European Central Bank.

Euronews

High gas prices eating into Texans’ budgets, fueling inflation

The average price for a gallon of gas in Texas has risen from $2.55 in early February to $3.78 at the end of April.

The Texas Tribune

How Iran’s mosquito fleet is skirting Trump’s Strait of Hormuz blockade

Iranian ‘fast attack ships’ reduce the need for a traditional navy to control the vital waterway

The Independent UK

Cost of Iran oil crisis on millions of UK drivers reaches ‘unwelcome milestone’

New analysis shows motorists have been paying an additional half a billion pounds for petrol and £1.5bn for diesel

The Independent UK

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Inflation hits 3% in Europe as Iran war spreads oil price shock

Soaring oil prices from the Iran war pushed inflation higher to 3% in Europe in April

The Independent UK

‘Silky soft and well conditioned’: The 11 Olaplex products I recommend as a beauty expert

From cult classics to newer launches, these are the Olaplex products that truly deliver on shine, strength and long-term repair…

The Independent UK

Onder Albayram Fish Oil Raises Alarm as Study Links EPA Supplements to Tau Buildup Following Repeated Head Injuries

A new study in Cell Reports suggests EPA in fish oil may affect brain repair and Alzheimer's-related proteins, with implications for brain health and those with repeated traumatic brain injuries.

International Business Times UK

The Strait of Hormuz is a data problem, not just a military one

GPS jamming, zombie ship IDs, and AIS blackouts have turned the world's most important oil corridor into a data void—and the real threat to global markets.

Fortune

Oil temporarily hits $126 wartime high as US–Iran standoff fuels supply fears

Oil markets face upward pressure on Thursday, with Brent crude briefly touching $126 as markets price in tensions in the negotiations between the US and Iran.

Euronews

Japanese Airlines Hike North American and European Flights by $350 — Why?

Japanese airlines are increasing fuel surcharges on long-haul flights as rising oil prices push travel costs higher for passengers worldwide.

International Business Times UK

UAE announces petrol, diesel prices for May 2026 as fuel rates jump by up to 10% across Emirates

UAE motorists will face higher fuel costs in May 2026 as petrol prices see another significant increase. This marks the third consecutive monthly hike, driven by global oil market instability and geopolitical tensions. The latest revisions mean higher expenses for daily commutes and businesses reliant on transportation.

The Times of India

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Evening Standard

Oil prices race to highest level since 2022 over fears of Iran war escalation

The cost of benchmark Brent crude soared past 126 US dollars (£94) a barrel at one stage on reports the US is preparing to relaunch strikes on Iran.

Euronews

Smoke rises over Russia’s Tuapse after Ukrainian drone strikes hit oil refinery

Plumes of black smoke rise over the southern Russian town of Tuapse after multiple Ukrainian drone strikes on a major oil refinery in the coastal area.

The Times of India

'Strait of Trump': US President shares new map naming Hormuz after himself, says blockade could last months

US President Donald Trump shared a modified map renaming the Strait of Hormuz as the "Strait of Trump," following claims that a naval blockade against Iran could last for months. This development occurs as Iran rejects US claims about economic damage and criticizes the blockade strategy, with its parliament speaker…

International Business Times UK

Katie Price Sparks Backlash After Promoting CBD in Dubai — Despite UAE Ban on Cannabis Products

Katie Price faces criticism for promoting CBD oil in Dubai, where cannabis-derived substances are strictly regulated. The online reaction highlights legal concerns and influencer responsibilities.

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news in one place.

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The Guardian - UK

Revealed: British ad firm’s billion-dollar greenwash of US oil industry

London-based WPP accused of breaching climate policy after report reveals firm linked to twice as much oil advertising as US rivals

The Conversation

What is OPEC and how does it shape global oil markets?

Oil is once again making headlines.

The Independent UK

Oil prices surge as doubts grow over reopening of the Strait of Hormuz

IN FULL

The Independent UK

Iran-US war latest: Trump again declares ‘we’ve already won’ as he pressures Tehran to make a deal

President Donald Trump said even though the U.S. has ‘already won,’ he wants to win by a ‘bigger margin’

The Conversation

Australia isn’t getting a fair share of tax on gas exports. Queensland has shown how to raise the bar

Prime Minister Anthony Albanese has promised no new taxes on Australia’s gas exports in next month’s federal budget, saying the government “will not undermine existing contracts”. Questioned further, he said future gas tax changes aren’t being contemplated either.

The Independent UK

Analysis: US blockade is squeezing Iran's all-important oil industry

Even as Iran maintains its chokehold on the Strait of Hormuz, the Islamic Republic increasingly finds itself squeezed by an American blockade threatening its oil industry

The Independent UK

Ukraine-Russia war latest: Fire erupts at major Black Sea port oil refinery after fourth Ukrainian attack in two weeks

Trump says he and Putin have discussed a temporary ceasefire marking Victory Day next month, though Ukraine wants to see the details

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