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The Latest Breaking News from Oil

FTSE 100 Live 02 March: Oil and gas prices surge, banks retreat in weaker index

Oil prices have surged and the FTSE 100 index is 1% lower amid the conflict in the Middle East.

Evening Standard

Oil prices soar as Iran’s attack on ships near Strait of Hormuz raise fears of wider economic shock

Spike follows claims Iran’s Revolutionary Guards struck three oil tankers in the Gulf and the Strait of Hormuz

The Independent UK

Oil prices soar as escalating Iran conflict spurs energy supply concerns

Crude prices soared on Monday as investors continue to weigh the potential impact of escalating tensions in the Middle East on the supply of energy.

Euronews

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US-Iran war spreads: Israel bombs Hezbollah targets in Beirut; Gulf nations vow to defend themselves — key points

A joint US-Israeli strike has killed Iran's Supreme Leader, Ayatollah Ali Khamenei, igniting regional retaliation. Israel and Hezbollah exchanged fire, while Gulf states braced for attacks. Global markets plunged amid escalating fears of a wider conflict, with travel disruptions and stock market crashes reported across the Middle East.

The Times of India

Iran death toll rises as Trump vows to continue operation: what we know so far on day three

Hundreds have reportedly been killed in Iran since Saturday, while Trump says attacks could last for up to five weeks

The Guardian - US

Asian aviation stocks plunge as Iran conflict forces airlines to cancel flights over Middle Eastern airspace

Shares in Singapore Airlines are down by 4.5%, while Qantas and Japan Airlines are down by 5.4% and 5.6% respectively.

Fortune

Ukraine-Russia war latest: Five injured in Ukrainian drone attack on major Russian oil terminal

Russian city of Novorossiysk, home to port and a naval base, comes under overnight attack from Kyiv's forces

The Independent UK

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The strikes on Iran show why quitting oil is more important than ever

As Israel and the United States strike Iran, global oil markets are on edge.

The Conversation

Aussie shares claw back losses but Iran conflict weighs

Strength in energy, mining and consumer staples stocks has capped the impact of US-led attacks against Iran on the local bourse, but major uncertainty remains.

AAP

Celebrate Holi the Healthy Way with These 5 Snack Ideas

Why Choose Healthy Snacks for HoliHoli celebrations often begin in the morning and continue throughout the day. Snacking is frequent, and high calorie foods consumed in large quantities can lead to digestive discomfort, sugar spikes, dehydration, and lethargy. Choosing healthier options ensures sustained energy, better hydration, and improved digestion.Nutrition conscious…

MyLifeXP

Gas prices soar and oil jumps as Iran war pushes down global stock markets

QatarEnergy says it has halted production of liquefied natural gas after attacks on Ras Laffan and Mesaieed sites

The Guardian - UK

Iran conflict spurs early oil price surge

It's the first sign of how markets are digesting the potential for supply disruptions.

Axios

US futures and Asian shares open lower, oil prices soar as US and Israeli attack Iran

The U.S. and Israeli attacks on Iran have sent a chill through world markets, with U.S. futures falling more than 1%

The Independent UK

Labour parliamentarians urge UK Government to oppose Rosebank oil field

MPs and MSPs from the party are among more than 60 parliamentarians who have signed a pledge against developing the oil field from campaigners Uplift.

Evening Standard

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Fortune

Dow futures fall 350 points on U.S.-Iran conflict, but oil prices pare gains as Trump hints at sanctions relief for new leadership

"There is, however, a risk that the OPEC+ decision is moot if flows do not resume through the Strait of Hormuz."

The Times of India

UAE stock markets close, trading halted by Abu Dhabi Securities Exchange and the Dubai Financial Market for two days amid Iran–US–Israel war fallout

The UAE has shut its Dubai and Abu Dhabi stock markets for two days, March 2-3, 2026, due to escalating Iran-US-Israel conflict fallout. This unprecedented move follows Iranian retaliatory strikes, disrupting regional business and investor confidence. Other Gulf markets saw sharp declines, with oil prices surging amid fears of supply…

Axios

Oil prices fallout: OPEC producers boost output after Iran strikes

The boost is an early sign of how producers and companies will respond to U.S. and Israeli strikes on Iran.

The Guardian - UK

Trump says he is open to talks with Iran as conflict deepens in Middle East

US president signals potential willingness to engage with surviving leadership as violence intensifies across region

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The Independent UK

Iranian drones send oil tanker up in flames in Strait of Hormuz

An oil tanker in the Strait of Hormuz dramatically burst into flames today (1 March) after being hit by an Iranian strike.

Radio France Internationale

EU foreign ministers warn on impact of conflict in Iran after Khamenei's death

European Union foreign ministers emerged from two hours of emergency talks on Sunday night to call for a de-escalation of the violence that left Iran's supreme leader Ayatollah Ali Khamenei dead and the Gulf region plummeting into chaos amid retaliatory attacks, cancelled flights stranding hundreds of thousands of travellers and…

The Independent UK

OPEC+ boosts oil production after attacks on Iran and throughout region

Countries that are part of the OPEC+ oil cartel have announced they will boost production of crude oil

Fortune

As Iran attacks Dubai, the tax-free haven for the global elite could see 'catastrophic' fallout — 'this can also send shockwaves globally'

The area's success at attracting capital from around the world over the years and diversifying away from oil could also make it a threat to global markets.

The Conversation

Strait of Hormuz: if the Iran conflict shuts world’s most important oil chokepoint, global economic chaos could follow

The reported sinking of several Iranian warships by US missiles in the Gulf of Oman serves as a reminder of the maritime aspect of the conflict which began February 28 with a barrage of Israeli and American missiles targeting Iran. Two other vessels, believed to be tankers, have also been…

Axios

The U.S. is destroying Iran's navy after it tried to shut down global oil flows

A fifth of the world's oil flows through the Strait of Hormuz.

Barchart

Jobs, Geopolitics and Other Key Things to Watch this Week

Markets enter March following another losing week that saw airline stocks hammered after President Trump's threats against Iran escalated Middle East tensions, while a surprisingly hot inflation reading dragged equities lower as February trading wrapped up.

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