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The Latest Breaking News from Oil

Why has the Iran war sparked fears of stagflation for the global economy?

Conflict in the Middle East risks knocking growth worldwide and boosting prices, economists warn, amid global market turbulence

The Guardian - AU

Don't panic: motorists warned against stockpiling fuel

Australians are being told not to panic-buy petrol at the bowser or stockpile fuel as the war in Iran widens and causes oil prices to soar globally.

AAP

Video shows thick black smoke rising after Iran hits Bahrain's largest BAPCO oil refinery — watch

Bahrain's largest oil refinery, Bapco, was hit by an aggressive strike, allegedly by Iran's new hardline leadership. Thick black smoke billowed from the facility in Sitra following reports of injuries and damage. This attack occurred amid escalating regional tensions and follows an earlier Iranian drone and ballistic missile strike on…

The Times of India

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Afternoon Update: ASX wipeout as oil price surges; former MP not guilty of most rape charges; and an entry fee for the Twelve Apostles

S&P/ASX 200 saw the single biggest one-day drop since the announcement of Donald Trump’s ‘liberation day’ tariffs last year

The Guardian - AU

Oil prices soar above $100 a barrel as Iran conflict impacts supplies

Crude prices surged on Monday morning as investors weighed the prolonged impact of the war in Iran on energy supplies.

Euronews

Iran names former supreme leader's son to succeed him as war sends oil prices soaring

Mojtaba Khamenei, a son of Iran’s late supreme leader, is the Islamic Republic’s next ruler

The Independent UK

The Latest: Oil prices soar after Iran names new supreme leader and launches more attacks

Iran has launched more attacks on Israel and Gulf countries, hours after Iranian state TV said Mojtaba Khamenei had been named supreme leader

The Independent UK

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Oil tops $100 a barrel as Iran war escalates

It's a political setback for President Trump, who has relished in touting lower gasoline prices on his watch

Axios

Ayatollah dead, son Mojtaba Khamenei named Iran’s supreme leader: Where things stand on day 10 of war

A devastating 10-day conflict has erupted between the US, Israel, and Iran, claiming over 1,600 lives and displacing hundreds of thousands in Lebanon. Key events include the assassination of Iran's Supreme Leader, retaliatory strikes, Hezbollah opening a northern front, and escalating regional tensions threatening global energy markets. The war has…

The Times of India

Iran war sends shockwaves through African fuel market and economies

Rising global oil prices triggered by the Iran war are increasing economic pressures across Africa, where most countries rely heavily on imported petroleum products

The Independent UK

Where things stand after another weekend of war

The Iran war has begun its second week

The Independent UK

Iran-US war latest: Trump claims conflict will be over soon but US hasn’t ‘won enough’ yet

Trump claimed US has ‘already won in many ways’ and its military objectives are ‘pretty well complete’

The Independent UK

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

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Homes & Gardens

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

The Guardian - AU

Vance and Hegseth attend dignified transfer ceremony – as it happened

This liveblog is closed

The Conversation

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 Independent UK

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

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news in one place.

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AAP

'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.

The Independent UK

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

We Got This Covered

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.

Fortune

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.

The Independent UK

Oil price soars above $100 a barrel amid Iran war

IN FULL

Evening Standard

'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

The Independent UK

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

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