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The Latest Breaking News from Oil

US blockade of Strait of Hormuz ratchets up tensions with China ahead of Trump visit to Beijing

The Trump administration’s decision to carry out a naval blockade of the Strait of Hormuz has raised tensions in the Persian Gulf to new and more perilous levels. The move was announced by the US president, Donald Trump, after negotiations over a ceasefire with Iran broke down on April 11,…

The Conversation

Will Qantas and Virgin continue raising fares and cutting routes? This graph may give the answer

Price of jet fuel has climbed by 125% since start of Iran war – giving Qantas and Virgin a big challenge as fuel accounts for a fifth of expenses

The Guardian - AU

The IMF refuses to name the cause of this global chaos. It starts with ‘Donald’ and ends in ‘Trump’

The International Monetary Fund remains stuck in a situation where the biggest concern about inflation is wages

The Guardian - AU

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‘I hope Donald Trump is the Abandoner he has always been’: Bill Maher singing a different tune after cheering Trump’s Iran strikes just 6 weeks ago

He did a 180!

We Got This Covered

Donald Trump Stuns Diplomats by Claiming Xi Jinping Will Give Him a 'Big, Fat Hug' Over Iran Deal

Donald Trump's prediction that Xi Jinping will give him a 'big, fat, hug' over his Iran and Strait of Hormuz strategy collides with Beijing's silence and its public focus on shoring up ties with Moscow.

International Business Times UK

Stocks Supported by US-Iran Peace Optimism

The S&P 500 Index ($SPX ) (SPY ) today is up +0.10%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.21%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.15%. June E-mini S&P futures (ESM26 ) are up +0.16%, and June E-mini Nasdaq futures...

Barchart

Reeves warns impact of Iran war on economy will persist once hostilities end

The Chancellor and international counterparts said the conflict had caused ‘unacceptable loss of life’ and ‘significant’ economic turmoil.

Evening Standard

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U.S. Eases Bank Sanctions On Venezuela As Local Officials Protest Over Low Pay

Policy shift highlights Washington's evolving strategy after Nicolás Maduro's removal and rising pressure on interim leadership.

International Business Times

Current price of oil as of April 15, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

Petrol stations reject French government plan to cap profit margins on fuel

Fuel distributors in France are strongly opposed to a government decree that aims to cap their profit margins as the war in the Middle East continues to drive up prices. Leading retailers warn the measure is hasty and unlikely to bring consumers much relief.

Radio France Internationale

Norway’s crude oil exports up 68% in March due to Iran war

Norway’s oil exports jumped significantly in March, pushing revenues to multi-year highs as disruptions from the Iran war and the closure of the Strait of Hormuz drove up prices.

Euronews

Cotton Posting Early Wednesday Gains

Cotton prices are up 83 to 104 points so far on Wednesday morning. Futures closed the Tuesday session with contracts down 11 to 61 points. The US dollar index was $0.278 lower at $97.885. Crude oil was down $7.01 on the day, as reports suggest the US and Iran could...

Barchart

How the US-Israel war on Iran is affecting African economies

For some, the impact is already being felt but others remain in limbo over their energy security and are hostage to an unlikely de-escalation

The Guardian - UK

'Absolutely Crazy!': Donald Trump Blasts UK for Choosing 'Windmills' Over North Sea Oil as Energy Bills Skyrocket

Donald Trump criticises the UK for failing to exploit North Sea oil, urging Prime Minister Keir Starmer to prioritise fossil fuels over renewables amid Europe's energy crisis.

International Business Times UK

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MarketBeat

The $100 Barrel Is Back: Trading The Hormuz Havoc

Many institutional investors are prioritizing Exxon Mobil Corporation and Chevron Corporation as these firms capture gains from high global oil prices.

International Business Times UK

'China's Nostradamus' Predicts US Will Lose Ground Invasion This Month, Ending the US Dollar Dominance

A YouTube theorist known as 'China's Nostradamus' claims the US will invade Iran this month, lose a grinding ground war and trigger the end of the dollar's global dominance.

International Business Times UK

Rachel Reeves Blasts Donald Trump's Iran War as Keir Starmer Prepares Crisis Address to the Nation

Rachel Reeves has branded Donald Trump's Iran war a 'folly' without an exit plan, blaming it for squeezing UK households as oil prices surge and growth forecasts are cut.

Fortune

Markets haven’t rallied this fast since the end of COVID. Iran volatility is just another ‘notch on the belt’ for investors, says JPMorgan strategist

“I know energy prices will move lower, and I know stocks are going to go back to focus again on the other big existential questions that they were asking before all this stuff kicked off,” Jack Manley tells Fortune in an exclusive interview.

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The Independent UK

Trump dismisses gas price concerns saying he’s happy oil is ‘only’ at $92 a barrel after spike from Iran war

Gas prices remain at highest levels in years amid ongoing war with Iran

The Guardian - UK

$30m an hour: big oil reaping huge war windfall from consumers, analysis finds

Exclusive: Climate action blockers including Saudi Arabia, Russia and major fossil fuel firms set to make extra $234bn by end of 2026

Marie Claire

Introducing: The Inaugural 'Marie Claire' Reader’s Choice Awards

Presenting: the most beloved beauty products of the year.

Fortune

With global oil supplies weeks away from systemic shortages, Trump teases an end to the war

Everything you need to know before you reach the office this morning.

The Independent UK

Russia will continue to send oil to energy crisis-hit Cuba

IN FULL

The Guardian - UK

Short-term gains for China from US-Iran war may turn to longer-term pain

Beijing may be reaping some diplomatic benefit but Trump’s war holds risks for its energy security and economy

Euronews

Magyar calls on Orbán to lift veto on €90bn Ukraine loan before leaving office

If oil flows resume through the Druzhba pipeline, then Viktor Orbán should lift his "technical veto" on the €90 billion loan for Ukraine, Péter Magyar said. Brussels is already laying the groundwork to make the first payment.

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