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The Latest Breaking News from Oil

Martin Lewis: ‘Ticking timebomb’ on energy bills which could spike 30% as Trump war risks higher inflation

Oil costs have jumped since the US and Israel began airstrikes on Iran, pushing up inflation, petrol prices and mortgage rates

Evening Standard

Majority of American voters oppose military action in Iran and 77% expect it will result in a terror attack on US soil, poll shows

More than 1,200 people in Iran have been killed since the U.S. and Israel began striking the country over a week ago, according to local officials

The Independent UK

Martin Lewis issues urgent energy bill advice as oil prices surge

Martin Lewis has issued advice for those worried about their energy bills amid fears the war in the Middle East will spark another cost-of-living crisis in the UK, with fuel prices set to soar.

The Independent UK

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How the Iran war and surging oil prices are affecting consumers at the gas pump and beyond

As the price of crude oil surged, consumers were feeling the effects of the Iran war and its damage to worldwide energy production

The Independent UK

World leaders eye oil reserves, but so far hold off on tapping them

A widening war in Iran has halted oil tankers, made targets of refineries and spooked investors worried about the cascading impact of spiking energy prices

The Independent UK

The Trump admin scrambles to respond after an Israeli oil field strike unexpectedly sends fuel prices soaring

The first major tension between the alies since the war began.

We Got This Covered

Stocks Close Higher After President Trump says Iran War is "Pretty Much" Complete

The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +0.71%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.39%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.13%. March E-mini S&P futures (ESH26 ) rose +0.69%, and March E-mini Nasdaq futures...

Barchart

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Something will cause inflation to go up this year, but it's not oil

It's often said that the inflation of the 1970s and '80s in the U.S. and elsewhere was caused by the two oil crises of 1973-74 and 1979-80. Not so.

Fortune

A U.S. Senator’s plan for peace? Threatening to blow Iranians into oblivion

For Senator Lindsey Graham, peace can only happen if bombs are dropped on Iranians. It’s a small price to pay for cheaper oil and an Iran that’s compliant with the terms of the United States.

The Mary Sue

Stocks stage massive upside reversal as oil plunges after Trump says Iran war could be over soon

Later on Friday, Trump said also he plans to waive oil-related sanctions and claimed “we’ve already won in many ways, but we haven’t won enough.”

Fortune

Trump Reportedly Open To Killing New Iranian Supreme Leader Mojtaba Khamenei If He Doesn't Cave To U.S. Demands

President Donald Trump said he is open to the killing of new Iranian Supreme Leader, Ayatollah Mojtaba Khamenei, should he not be willing to cede to U.S. demands, according to a new report.

Latin Times

Stocks Recover as Oil Retreats From $119: Stock Market Today

How high the price of crude oil rises and how long it stays there are critical questions for market participants and policymakers alike.

Kiplinger

Dollar Falls Back on Trump Comments

The dollar index (DXY00 ) on Monday traded higher during the morning but then fell back in the afternoon after President Trump told CBS News in a phone interview that "I think the war is very complete, pretty much" and that the military operation is "very far" ahead of its...

Barchart

Trump Tells Oil Tanker Crews to 'Show Some Guts' Through Strait of Hormuz as Iran Conflict Sends Oil Prices Past $100

President Trump encourages oil tankers to resume operations through the Strait of Hormuz despite safety concerns, as global oil prices surge.

International Business Times UK

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Barchart

Nat-Gas Prices Fall Back on Trump Comments

April Nymex natural gas (NGJ26 ) on Monday closed down -0.066 (-2.07%), giving back part of last Friday's rally of +6.09%. April nat-gas prices on Monday rallied to a 5-week high but then fell back and closed the day lower. Nat-gas prices initially rallied on Monday as crude oil soared...

The Independent UK

Trump says he’s willing to accept more US deaths to ‘finish the job’ in Iran

Trump falsely claims Iran could have used a Tomahawk missile to attack girls’ school and blames Tehran for 2000 attack on American destroyer by al-Qaeda in madcap press conference

Barchart

Corn, Soybeans, and Wheat May Be the ‘Next Silver’ for Traders

As crude oil prices spike, corn, wheat, and soybean prices are seeing bullish price action. What to watch next.

AAP

Aussie researchers create a robot vacuum for oil spills

A prototype is no larger than a shoe but Australian engineers plan to supersize their oil-consuming robot to tackle sea pollution.

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news in one place.

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Evening Standard

Trump says Iran war will be ‘pretty quickly’ over as world rocked by oil shock

Israel launched a new wave of airstrikes on Tehran which lashed out with missile and drone attacks across the region

The Conversation

US is less prone to oil price shocks than in past decades

Oil is a global market, so when prices rise in one place, they rise everywhere. The current war against Iran has already raised oil prices significantly.

The Guardian - UK

How high could oil prices go – and what might the global economic fallout be?

Crude prices could surpass their 2008 record, with potentially dire effects for consumers and businesses

The Independent UK

Here are the Iran war's biggest unknowns, from Tehran's new leader to oil prices

Big questions remain about the Iran war as it barrels into week two

The Guardian - US

California gas prices rise above $5 a gallon amid US war with Iran

West coast state’s average cost per gallon has climbed $0.55 since the conflict in Middle East began over a week ago

MarketBeat

5 High-Yield Stocks That Could Help Cushion Market Volatility

Rising geopolitical tensions and crude oil prices above $100 have reignited inflation concerns, pushing investors to consider defensive portfolio positioning.

The Guardian - UK

Trump says Iran war is ‘very complete, pretty much’ as economic toll rises

President reassures Republicans that conflict is intended to be short lived but also says ‘we haven’t won enough’

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