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The Latest Breaking News from Oil

US eases Venezuela oil sanctions as Trump seeks to boost world oil supply during Iran war

The Treasury Department is easing sanctions on Venezuela’s state oil company, with some limits

The Independent UK

Dire straits: The handful of marine choke points holding Europe's economy hostage

From the Persian Gulf to the English Channel, a small number of narrow waterways carry the vast bulk of what Europeans eat, buy, and heat their homes with. When one of them is threatened the consequences ripple everywhere.

Euronews

The Iran war and high gas prices are getting Americans excited about EVs again

As the war in Iran sends gas prices surging, the world's growing electric vehicle fleet is providing a buffer. In America, it may finally be enough to win over reluctant buyers.

Fortune

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read the most diverse news in one place.

Trump can’t get his spelling ‘Straight’ in post bashing US allies over Hormuz refusal

President lately has been fixated on whether it is ‘Straits’ or ‘Strait’ of Hormuz but either way, his Truth post botched the execution

The Independent UK

Japan's leader heads to Washington for a visit complicated by the Iran war fallout

Japanese Prime Minister Sanae Takaichi is heading to the United States for what she expects to be a “very difficult” meeting with U.S. President Donald Trump

The Independent UK

Current price of oil as of March 18, 2026

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

Fortune

China treads carefully on Iran war as it balances energy security and neutrality

The Iran war is disrupting global energy flows and increasing the risk of wider regional escalation, leaving major economies such as China walking a tightrope.

Euronews

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Trump Says the Iran War Could End Soon: How Your Wallet Could Still Feel the Pinch After It’s Over

President Trump has given mixed signals on the war, signaling it could end soon or continue. Even if it winds down, several factors could squeeze wallets.

GOBankingRates

Insider Selling: CRWV, DELL & FANG See +$100M in 2026 Sales

Insiders are selling CoreWeave and two other big-name stocks. However, the changing pace of CRWV's insider sales is more interesting than the trades themselves.

MarketBeat

Tanker Believed To Carry Russian Oil Resumes Navigation To Cuba Weeks After Diverting Course

A tanker believed to be carrying Russian oil resumed navigation to Cuba weeks after diverting course as the country continues to endure critical fuel shortages.

Latin Times

Cotton Falling Back on Wednesday AM Trade

Cotton price action is down 10 to 33 points so far on Wednesday. Futures closed the Tuesday session with contracts 48 to 70 points in the green on St Patrick’s Day. Some deferred contracts were up 5 to 18 points. Crude oil was back up $2.52 to $96.02, with the...

Barchart

4 Best EVs To Purchase During the Iran War’s Gas Crisis

With oil and gas prices rising amid the Iran conflict, these top 2026 electric cars offer long range and savings at the pump. See which EVs stand out.

GOBankingRates

Economists are loathe to mention recessions, but odds just hit 49% for the next 12 months according to Moody’s top economist

"If oil prices remain elevated for much longer (weeks and not months), a recession will be difficult to avoid," Zandi said.

Fortune

Will the Iran war really lead to a global pivot to renewable energy?

IN FOCUS: With US and Israeli strikes on Iran continuing and no end to the conflict in sight, calls are growing for the rest of the world to reduce its dependence on oil and gas. But experts tell Stuti Mishra that moving away from oil is no easy task – if…

The Independent UK

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Euronews

Oil giants pocket extra €81m a day in EU. Here's how much a windfall tax could cut your energy bill

Oil companies in the EU are raking in an additional €81.4 million in profits everyday from soaring fuel prices, as experts call for an urgent windfall tax.

The Conversation

Chalmers says latest Treasury modelling shows Australia’s inflation could reach 5%, as national cabinet meets on fuel

Australia’s inflation rate could peak in “the high 4s or even higher” this year, according to Treasury modelling, Treasurer Jim Chalmers says.

Euronews

Moody's says a US recession is increasingly 'hard to avoid' amid Iran war

Moody’s Analytics model forecasts a 49% chance of a US recession in the next 12 months, the closest probability in years.

Barchart

S&P Futures Climb as Oil Prices Retreat in Run-Up to Fed Rate Decision, U.S. PPI Data and Micron Earnings on Tap

March S&P 500 E-Mini futures (ESH26) are trending up +0.50% this morning as oil prices retreated, while investors awaited the Federal Reserve’s interest rate decision, crucial U.S. producer inflation data, and an earnings report from chip maker Micron.

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news in one place.

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Radio France Internationale

Ukraine accepts EU help to repair Druzhba pipeline

Ukraine has accepted European Union support to repair the Druzhba pipeline, which carries Russian crude oil to Hungary and Slovakia – a move aimed at defusing a dispute that has delayed a vital EU loan to Ukraine and the implementation of further sanctions on Russia.

Times Life

3 Yogic Steps From Bhagavad Gita to Overcome Stress & Anxiety

When faced with the hardest of all challenges in which he had to face his own family members during the Mahabharata war, Arjuna was taken over by panic and intense anxiety. Keeping his hands in a praying posture towards Lord Krishna, Arjuna said: “I am confused about my duty, and…

International Business Times UK

Trump Accused of 'Stumbling Into War' With Iran as Global Oil Routes Face Disruption

Donald Trump's handling of the Iran conflict has led to soaring gas prices and political turmoil, raising questions about his strategic planning.

The Guardian - UK

Fuel rations and no air con: south-east Asian nations race to conserve energy

Governments in countries heavily reliant on Middle Eastern oil introduce measures to shield public from soaring costs

The Independent UK

India and Pakistan-flagged vessels cross the Strait of Hormuz

IN FULL

The Independent UK

Indians forced ‘back in time’ to cooking with coal as Iran war gas shortages lead to long fuel queues

Households and small businesses are struggling as disruptions to oil and gas imports due to the Iran war expose India’s deep energy vulnerabilities. Namita Singh reports from Delhi

Euronews

Iran oil exports continue as tankers cross the Strait of Hormuz despite conflict

Dozens of ships are still navigating the Strait of Hormuz as Iran keeps oil flowing, despite continued attacks aimed at one of the world’s most critical trade routes.

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