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The Latest Breaking News from Oil

Trump news at a glance: White House adviser Stephen Miller ‘should go’, says Republican senator

Thom Tillis says he believes Miller has ‘outsized influence’ over operations of Trump’s cabinet – key US politics stories from Sunday 8 March at a glance

The Guardian - US

ASX closes after $90bn wiped from sharemarket amid spike in oil prices over Middle East crisis

Benchmark S&P/ASX 200 closes down by 2.85%, marking the single biggest one-day drop since Donald Trump’s ‘liberation day’ tariffs announcement

The Guardian - AU

Scent Experts Reveal the 7 Best Mood-Boosting Spring Aromas That are Proven to Give Your Space a Timely, Invigorating Lift

From zesty, zingy lemon to fragrant, floral lavender, these scents are perfect for a seasonal scent refresh

Homes & Gardens

From analysis to the latest developments in health,
read the most diverse news in one place.

Vance and Hegseth attend dignified transfer ceremony – as it happened

This liveblog is closed

The Guardian - AU

What is the ‘acid rain’ in the wake of US bombings in Iran? An atmospheric scientist explains

Reports are emerging of black rain falling over parts of Iran in the hours after US-Israeli airstrikes on oil depots on the weekend, with some outlets describing it as “acid rain”.

The Conversation

Japan's Nikkei 225 share index falls more than 6% as oil soars over $100 a barrel

Japan's benchmark Nikkei 225 index has plunged more than 6% after oil prices soared to over $100 a barrel due to disruptions from the war in the Middle East

The Independent UK

'Fear is stalking markets': ASX plunges amid Iran war

The ASX200 has dropped almost three per cent, wiping out all its gains for the year amid the spiralling war in Iran.

AAP

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Trump says oil price spike is ‘very small price to pay for safety and peace’ as Iran war rages

On Sunday, oil prices surpassed the $100-a-barrel milestone for the first time in more than three-and-a-half years

The Independent UK

With rising inflation and historically high oil prices, everyone is wondering what Trump’s exist strategy is in the war with Iran

Trump and a new endless war all over again.

We Got This Covered

Oil prices soar past $110 while Dow futures sink 1,000 points as Iran war spirals into worst-case fears and U.S. eyes Special Forces mission

Prices at the pump are likely to top $4 a gallon now that oil has surged past $100 a barrel for the first time since 2022.

Fortune

Oil price soars above $100 a barrel amid Iran war

IN FULL

The Independent UK

'You're right to worry about your bills and jobs,' Starmer tells UK as oil tops $110 a barrel in Trump war

The US and Israeli attacks on Tehran have already sparked rises in the cost of oil, higher mortgage rates and hit stock markets

Evening Standard

Crude oil prices surpass $100 a barrel as the Iran war impedes production and shipping

Oil prices have jumped past $100 a barrel as the Iran war disrupts oil production and shipping in the Middle East

The Independent UK

US stock markets close on high after Iran war drove oil prices above $100 a barrel

Markets settled after Trump claimed US-Israel war with Iran is ‘very complete’, bringing oil prices down to $85 a barrel

The Guardian - US

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Axios

Scoop: U.S. dismayed by Israel's Iran fuel strikes, sources say

The U.S. message to Israel was "WTF."

The Guardian - AU

Morning Mail: Israel warns it will target Iran’s next supreme leader; outsourced call centre faces accusations; alarm over NSW child blood lead testing

Airstrikes pummel Iran’s oil depots; call centre operator accused of sweeping privacy breaches ‘under the rug’

International Business Times UK

'A Good Thing' — Leavitt Defends Spiking Gas Prices on Fox News Even as Brent Crude Hits $84 a Barrel

White House press secretary Karoline Leavitt defends rising petrol prices in the US, citing the Iran conflict as a temporary disruption for long-term energy market benefits

Woman & Home

If you try one product, make it this science-backed scent that de-fogged my brain in seconds

This botanical oil powered me through jet lag and late-season lurgy

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news in one place.

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The Independent UK

Tehran blanketed in smoke after Israel hits fuel storage sites

IN FULL

The Guardian - UK

‘Dark, like our future’: Iranians describe scenes of catastrophe after Tehran’s oil depots bombed

Residents report terror of smoke-filled city, from potentially toxic rain, air and water to food scarcity and difficulty of escape

International Business Times UK

'The Rain Is Black… I Can't Believe It' — Tehran Residents Wake to Oil-Tainted Skies After Israeli Strikes on Fuel Storage Sites

Israeli airstrikes on oil depots in Tehran have left the city in darkness, with black rain and toxic fallout affecting residents.

Axios

Schumer calls on Trump to release oil from reserve to lower gas prices

Republicans have been slow to embrace the idea.

Fortune

'Nightmare scenario' looms as global markets head for the biggest oil output disruption in history, top energy guru warns

“The fear? That this will result in skyrocketing energy prices that send the world economy plummeting into a deep recession.”

AAP

Minister tight-lipped on Middle East military request

Australia is considering whether to send resources to the Middle East to protect against Iranian attacks, but officials are yet to reveal key details.

The Guardian - US

US energy chief says spike in gas prices will fall ‘before too long’ amid Iran war

Chris Wright says price increase would last weeks, not months, and that US would not target Iran’s energy industry

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