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The Latest Breaking News from Oil

Is Hormuz still operational? How gunfire, vessel seizure are testing the Iran-US ceasefire

The Strait of Hormuz faces severe disruption after a weekend of escalations, including ships coming under gunfire and a US seizure of an Iranian vessel. Commercial movement is chaotic, with vessels reversing course or drifting amid conflicting instructions. This directly confronts the fragile ceasefire, pushing the vital energy corridor to…

The Times of India

The Latest: US Navy seizure of Iranian ship cats doubt on fresh ceasefire talks in Pakistan

President Donald Trump says the U.S. seized an Iranian-flagged cargo ship that tried to circumvent its naval blockade near the Strait of Hormuz

The Independent UK

European stock markets fall and oil and gas prices jump as strait of Hormuz ‘chaos’ worries investors – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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Is there really untold oil wealth in Queensland’s Taroom Trough? Here’s why scepticism is warranted

As Australian leaders scramble to secure fuel supplies on the international market, Queensland Premier David Crisafulli has been quick to pitch a domestic option: begin extracting the “sea of oil” in the Taroom Trough, a geological formation near the town of Roma.

The Conversation

Oil prices climb as US-Iran stand-off keeps Strait of Hormuz in limbo

Oil prices climbed more than 5% while European markets fell on Monday morning as a stand-off between Iran and the US prevented tankers from using the Strait of Hormuz.

Euronews

Yuan for oil payments? UAE seeks US safety net amid Iran war - report

The UAE has requested a US financial safety net amid concerns that an Iran war could severely damage its economy and investor confidence. Talks included a currency-swap line proposal, as the UAE fears needing to use other currencies for transactions if dollar shortages arise.

The Times of India

Ukraine-Russia war latest: Trump envoys ‘disrespectful’ for visiting Moscow not Kyiv, Zelensky says

Zelensky says that the shortage of Patriot missiles is ‘worse than ever’ through the US-Iran crisis

The Independent UK

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Oil tanker captain braves volatile Middle East waters as US-Iran tensions rise

The veteran has been on board his tanker for four months during the US-Iran conflict

The Independent UK

Ed Miliband to double down on net zero with measures to combat Iran energy shock

As fossil fuel prices soar ‘the era of clean energy security must come of age’, energy secretary will say

The Guardian - UK

'Vibes all the way down': Iran’s swipe at US comes with oil market warning amid Hormuz tensions

Iran’s parliament speaker Mohammad Bagher Ghalibaf on early Monday took a shot at the US, warning that energy pricing is increasingly being driven by sentiment rather than fundamentals, as tensions around the Strait of Hormuz continue to rattle global supply chains.

The Times of India

Oil prices jump as US-Iran tensions over Strait of Hormuz simmer yet again

A standoff between Iran and US has prevented tankers from using the Strait of Hormuz

The Independent UK

Iran-US war latest: Trump says his Hormuz blockade is ‘destroying’ Iran and will only end with peace deal

Iranian parliamentary Speaker Mohammad Bagher Ghalibaf said Tehran does not accept negotiations with the US under threats

The Independent UK

ASX almost flat as traders await Gulf developments

Australian shares have started the week relatively flat despite tensions between the US and Iran rising two days before the expiry of their ceasefire.

AAP

Here’s how using more recycled plastic could ease the pain of oil shocks

As the crisis in the Middle East continues, much of the public focus has been on fuel prices and the cost of living. But there’s another oil-related product that often gets overlooked: plastic.

The Conversation

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International Business Times UK

UAE Blames Trump for Escalating Iran Conflict, Threatens Switch to Chinese Yuan Amid Potential Dollar Shortages

The UAE is considering moving away from the US dollar to the Chinese yuan amid rising regional tensions and economic instability, challenging traditional alliances.

The Guardian - US

Trump news at a glance: Oil price surges again as Iran accuses US of breaking ceasefire

Tehran vowa to respond after USS Spruance fires on Iranian-flagged cargo ship allegedly running strait of Hormuz blockade. Key US politics stories from Sunday 19 April

The Independent UK

Energy Secretary admits gas prices might not drop until next year

‘I don’t know’ when gas prices will come down, Trump energy chief tells CNN

Axios

Oil prices jump after Strait of Hormuz setbacks

The latest increase reverses a large chunk of Friday's sharp decline.

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news in one place.

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The Independent UK

Oil prices rise anew amid a US-Iran standoff in the Strait of Hormuz

Oil prices are rising in early trading as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz, the Persian Gulf waterway that is crucial to global energy supplies

The Conversation

You don’t have to be a ‘cyclist’ to ride a bike. Here’s how to start again

As fuel prices climb and oil supply shocks multiply, you might be thinking – perhaps for the first time in years – about dusting off the bike and riding again. Perhaps you’re kicking yourself you haven’t done it already.

The Conversation

This fuel crisis could last for a while. It’s time for a new approach to fuel use – end it

Australia is in the middle of a fuel crisis, but the way the state and federal governments have chosen to respond signals a firm commitment to fossil fuels.

The Mary Sue

Trump’s latest Alaska drilling auction puts grizzlies, polar bears and sacred Indigenous land on the chopping block

The U.S. government just scheduled another oil and gas lease sale for Alaska’s Arctic National Wildlife Refuge, setting the stage for a fresh battle over a region that’s home to wildlife like grizzly bears, polar bears, gray wolves, caribou, muskoxen and migratory birds and land sacred to the Gwich’in Indigenous…

Creative Bloq

This artist blends oil paints, photos and sculpture to create realistic fantasy scenes

Daniel Katz combines imagination and real-world content.

Euronews

Ukraine targeted with over 230 Russian drones, Zelenskyy blasts US green light for Russian oil

Ukrainian Defence Forces targeted drone manufacturing plants in Russia and on occupied Ukrainian territory.

The Independent UK

India summons Iranian envoy after tankers come under fire in Strait of Hormuz

Attacks disrupt vital oil route used heavily by Indian shipping

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People

Mohammad Bagher Ghalibaf

Alisha Rahaman Sarkar

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Vikram Misri

57 stories

Mohammad Bagher Qalibaf

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