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The Latest Breaking News from Oil

Stocks Rebound as Crude Oil Prices Move Lower

The S&P 500 Index ($SPX ) (SPY ) today is up +1.23%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.06%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.30%. March E-mini S&P futures (ESH26 ) are up +1.15%, and March E-mini Nasdaq futures...

Barchart

Starmer tells Trump: UK will not be dragged into wider war on Iran

Prime minister says UK is working with allies on a plan to reopen the Strait of Hormuz but admits ending blockade is not ‘straightforward’

The Independent UK

Replacing 1m petrol cars with EVs could cut Australia’s reliance on foreign fuel by 1bn litres a year

Electric vehicles reduce exposure to global oil price shocks and shift energy consumption to electricity largely produced domestically, expert says

The Guardian - AU

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NI Finance Minister says £17m UK heating‑oil support ‘extremely disappointing’

Sir Keir Starmer confirmed Northern Ireland will receive £17 million of a £53 million package in support for home heating oil costs.

Evening Standard

Current price of oil as of March 16, 2026

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

Fortune

Iran War Keeps Oil Prices Over $100 as Strait of Hormuz Remains Paralyzed

LONDON — Oil prices held firmly above $100 a barrel on March 16, 2026, as the ongoing U.S.-Israel war with Iran entered its third week, with Iran's effective blockade of the Strait of Hormuz continuing to choke global supply lines despite President Donald Trump's repeated demands for international help to…

International Business Times

Trump Reportedly Considering Operation In Iran That Could Require Boots On The Ground

President Donald Trump is considering an operation to seize Iran's key oil infrastructure in Kharg Island, something that would require having boots on the ground, according to a new report.

Latin Times

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UK, Other Allies Weigh Hormuz Warships Role as Trump Warns NATO of 'Very Bad Future' Over Iran

As the US urges allies to send naval forces to the Strait of Hormuz, many governments are cautious, fearing escalation in the Middle East.

International Business Times

Ukraine had brutal plan to bankrupt Putin with his own war dead – until Trump’s oil U-turn wrecked it

ANALYSIS: Ukraine’s campaign to force the Kremlin into paying vast amounts of compensation for Russia’s war dead has been undermined by Trump’s oil bonus for Putin, explains world affairs editor Sam Kiley

The Independent UK

Trump asks China if visit to Beijing can be delayed a month due to Iran war

US president had earlier hinted trip could be put on hold if President Xi does not help unblock the strait of Hormuz

The Guardian - UK

Financial help for households reliant on heating oil – who is eligible?

Home heating oil is used by around 1.5 million mainly rural households in the UK.

Evening Standard

Soybeans Falling on Monday Morning Due to Concerns Over Trump/Xi Meeting

Soybeans are trading with sharp losses out of the weekend, down 11 to 32 cents. Futures rounded out the Friday session with contracts down 2 to 6 ¼ cents across the board, as May still held up for a 24 ½ cent gain. The cmdtyView national average Cash Bean price...

Barchart

Cotton Coming out Of the Weekend with Sharp Gains

Cotton price action is up 120 to 163 points on Monday morning. Futures posted Friday gains of as little as 7 points in some deferreds, with front months up as much as 74 points. May was up 165 points on the week.. Crude oil was up $3.57 to $99.30, with...

Barchart

UK should brace for fuel rationing over Iran war crisis, former BP chief warns Starmer

Former adviser says UK should be preparing for ‘significant shortfall of supply over the next two months’

The Independent UK

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International Business Times

Crypto Climbs As Investors Turn To Digital Assets Amid Rising Geopolitical Tensions

Bitcoin, Ethereum and XRP post strong gains as investors increasingly view cryptocurrencies as a potential hedge against global instability and rising oil prices linked to Middle East tensions.

Euronews

Zelenskyy resists reopening Druzhba pipeline, says 'no different' to lifting Russian sanctions

Ukrainian President insists he is personally against restoring oil flows through the damaged Druzhba pipeline, suggesting that Europe either enforces sanctions on Russia or it doesn't. Hungary insists on sabotage.

Evening Standard

Starmer plans Zelensky talks amid fear of Russian oil ‘windfall’

Prime Minister Sir Keir Starmer said he would soon meet Ukrainian President Volodymyr Zelensky.

The Guardian - UK

Africa particularly vulnerable as Iran conflict disrupts supply chains, say experts

Food production in many African countries depends heavily on fertiliser imported from the Gulf through the strait of Hormuz

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International Business Times

Murphy Oil Corporation Shares Hit 52-Week High of $36.90 on Analyst Upgrades and Oil Price Strength

HOUSTON — Murphy Oil Corporation (NYSE: MUR) shares rallied sharply in recent trading, closing at $36.81 on March 13, 2026, up $2.09 or 6.02% from the prior session, marking a new 52-week high amid a wave of positive analyst actions, promising developments in its Vietnam operations and sustained crude oil…

The Guardian - UK

UK will not be drawn into wider war in Middle East, says Keir Starmer

PM says he wants quick end to conflict as he announces help for households with surging cost of heating oil

International Business Times

FTSE 100 Holds Steady Near 10,260 as Markets Await BoE Decision Amid Oil Surge and Geopolitical Strain

Britain's benchmark FTSE 100 index remained little changed in early trading Monday, March 16, 2026, as investors positioned cautiously ahead of this week's Bank of England policy meeting while digesting the fallout from elevated oil prices and ongoing Middle East tensions.

International Business Times

Nifty 50 Rebounds Modestly to 23,250 as Markets Open Higher; Oil Shocks Linger

The Indian benchmark **Nifty 50** index experienced sharp volatility on Monday amid ongoing geopolitical tensions and rising global oil prices, as trading resumed in Mumbai following a steep decline at the end of the previous week.

Barchart

Oil Supply Disruptions Are Rocking Chip Stocks Like Nvidia or AMD, But Should You Buy the Dip?

Oil disruptions are dragging chip stocks lower. Does the selloff in Nvidia and AMD signal trouble ahead or a buying window for investors?

International Business Times

US-Israeli War on Iran Enters Third Week with Strikes on Hamadan, Calls for Strait of Hormuz Coalition

The U.S.-Israeli military campaign against Iran stretched into its third week Monday, March 16, 2026, with fresh airstrikes pounding the western city of Hamadan and Iranian forces launching retaliatory missiles toward Israel, as President Donald Trump pressed reluctant allies to help secure the vital Strait of Hormuz amid soaring oil…

Fortune

With Iran still in control of Hormuz, Trump threatens NATO and oil hits $106

The price of oil is driving everything today—even the cost of fertilizer.

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