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The Latest Breaking News from Oil

Oil tumbles and UK’s FTSE 100 posts biggest daily rise in a year on hopes Middle East war will end soon – as it happened

Brent crude prices have fallen sharply, while the FTSE 100 is up 1.8% and government bonds are rallying

The Guardian - UK

FTSE 100 Live 01 April: Markets bounce but oil still above $100, Berkeley slumps

Stock markets have bounced amid hopes of a de-escalation of the Iran conflict.

Evening Standard

Track Australia’s fuel prices, service station outages and shipments in charts

Check how much petrol prices have risen since the US and Israel’s war on Iran began in late February

The Guardian - AU

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Energy crisis: why ‘keep calm but cut down’ may be a better message for Labour

Government keen to avoid panic as oil price surges, but perhaps households need advice on reducing consumption

The Guardian - UK

Starmer says he won't be bullied by US as Trump threatens to quit NATO

Trump says removing the US from the defence pact is now ‘beyond reconsideration’

Evening Standard

Wednesday briefing: How did Russia become the unexpected beneficiary of the Iran war?

In today’s newsletter: As conflict engulfs Iran, shifting global alliances and soaring energy prices are reshaping the existing power balances that could redefine the next stage of international security

The Guardian - UK

EU warns oil and gas prices will not immediately return to normal even if the Iran war ends

The EU has warned that oil and gas prices will not go down any time soon, even if the Iran war ends, citing pressure on fuel supplies and tight global markets, as it prepares support measures for households and businesses.

Euronews

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6 Hanuman Ji Remedies For Removing Shani Dosha

Life does not always become difficult overnight. Sometimes, it starts with small signs. Delays in work, repeated money issues, mental stress, trouble in relationships, or feeling like nothing is going your way even after putting in effort. In astrology, these phases are often linked to Shani Dosha, Sade Sati, or…

Times Life

Stagflation risk: Chalmers heeds budget warning

Treasurer Jim Chalmers is being urged to reform the tax and migration settings in the upcoming budget as the oil shock worsens Australia's productivity funk.

AAP

Asian stocks rally as Trump says US will leave Iran war in ‘two to three weeks’

Trump says Iran ‘begging to make a deal’ but whether an agreement is reached is ‘irrelevant’ to America's timetable

The Independent UK

Will UAE enter Iran war? Abu Dhabi pushes US, allies to reopen Strait of Hormuz by force

The UAE is reportedly considering military intervention against Iran, a significant shift from its previous neutral stance. Repeated Iranian attacks and the disruption of the vital Strait of Hormuz have pushed Abu Dhabi to explore options, including supporting US-led efforts to reopen the oil route. This move carries substantial risks…

The Times of India

Should you book holiday flights now considering jet fuel price spikes?

Jet fuel prices have more than doubled in recent weeks amid the ongoing Iran war. Airlines have responded with fare increases and temporary surcharges, so should you secure tickets now or wait?

Euronews

Donald Trump Says US Will 'Leave Very Soon' and Officials Admit Strait of Hormuz Reopening Isn't Guaranteed

US President Trump says US forces may leave Iran soon, while officials warn reopening the Strait of Hormuz is not guaranteed

International Business Times UK

4 spring recipes for when you don’t know what to cook

Spring produce is back, but inspiration isn’t always guaranteed. From herby prawns and wild garlic pasta to asparagus worth building a meal around and softly spiced hot cross buns, these are the recipes to turn to when you’re not sure what to cook

The Independent UK

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The Independent UK

Iran-US war latest: Oil prices spike after Trump vows to keep hitting Iran ‘extremely hard’ in address to nation

The president said US forces would 'finish the job' in Iran and that 'core strategic objectives are nearing completion’

AAP

Australia won't send troops to answer Trump's oil rant

Australia has ruled out sending troops to the Middle East amid Donald Trump's remarks for nations to "get their own" oil from the Strait of Hormuz.

AAP

Shares surge on hopes of US Iran exit but risks remain

Hopes of de-escalation in the Middle East war have reinvigorated investor sentiment and boosted markets, but details from the US administration have been scant.

AAP

Fuel relief may not be enough to help stressed budgets

Two of Australia's biggest banks have recorded noticeable rises in the value of fuel transactions, with one also seeing evidence of potential stockpiling.

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The Guardian - US

Trump news at a glance: president lashes out at European allies as war on Iran frays relations

Trump taunts allies to ‘go get your own oil’ as some nations dig in heels to oppose conflict and global destabilization

The Independent UK

Environmental groups accuse Mexico of lying about origins of oil spill in the Gulf

Environmentalist groups say Mexico’s government lied about the origins of a massive oil spill in the Gulf of Mexico, accusations authorities promptly denied

The Independent UK

Businesses start to add fuel surcharges to deliver products as oil price increases from Iran war hit home

Oil prices have soared both domestically and abroad, causing a headache at the pump and problems for the agriculture and food industries

International Business Times

Trump's 'God Squad' Exempt Gulf Drillers From Endangered Species Act

The federal Endangered Species Committee, better known as the "God Squad," voted to exempt offshore drilling from parts of the Endangered Species Act, which critics say could push Rice's whale to extinction.

Barchart

Soybeans Rally on Tuesday with Lower Acres Expected

Soybeans posted 5 to 13 ½ cent gains across most contracts on Tuesday, led by the new crop months. The cmdtyView national average Cash Bean price was up 8 ¼ cents at $10.95. Soymeal futures were up $1.10 to $2.50, with Soy Oil futures 14 to 41 points higher. NASS...

Barchart

Cotton Faces Weakness as Acres Exceed Expectations

Cotton futures saw weakness later on Tuesday, with contracts down 19 to 29 points following more than expected acres. The US dollar index was $0.658 lower at $99.695. Crude oil futures were down $1.13 to $101.75 on the day. March Prospective Plantings data from this morning showed cotton acres seen...

Fortune

Controlling the Strait of Hormuz is the top priority in Iran and Trump may abandon it. Here’s what that would look like

Ceding control of the Strait of Hormuz would represent a U.S. defeat worse than Vietnam, one critic said.

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