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The Latest Breaking News from Oil

Top US Senate Democrats again try for war powers resolution – as it happened

This blog is now closed – our live coverage continues here

The Guardian - AU

A new ad campaign is pushing Australians to use less petrol. Has this happened before?

A new federal government advertising campaign is prompting Australians to reduce their fuel consumption during the current global oil crisis.

The Conversation

Starmer refuses to back Trump’s Strait of Hormuz blockade

The prime minister has spoken out for the first time on the US president’s decision to block the Strait of Hormuz

The Independent UK

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Starmer refuses to join Trump’s Hormuz blockade as oil prices expected to rise

As MPs return to Westminster from the Easter recess, a resolution to the Iran war does not appear imminent.

Evening Standard

Stock futures sink while oil spikes as the U.S. Navy looks to squeeze Iran's economy and break its grip on the Strait of Hormuz

"CENTCOM forces will not impede freedom of navigation for vessels transiting the Strait of Hormuz to and from non-Iranian ports."

Fortune

Oil prices surge on Trump's blockade vow, failed U.S.-Iran talks

The surge undoes a large amount of the drop that followed last week's temporary ceasefire deal.

Axios

Oil prices rise after the US says it would block Iranian ports starting Monday

Oil prices are rising in early market trading after the U.S. said it would blockade Iranian ports beginning Monday

The Independent UK

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The Latest: US military warns it will blockade Iranian ports after ceasefire talks end

President Donald Trump said the U.S. Navy will swiftly begin a blockade of ships entering or leaving the Strait of Hormuz after U.S.-Iran ceasefire talks in Pakistan ended without an agreement

The Independent UK

Fox News Cuts Off Trump Mid-Rant as He Defends Iran War, Renames Gulf and Shrugs Off Civilisation Threat

Donald Trump's recent Fox News interview covered a range of topics including the US war on Iran, oil prices, and election fraud claims, leaving even his favored network scrambling.

International Business Times UK

Trump Responds to Iranian Blockade of Strait of Hormuz By Blockading It

After walking out of peace talks in Pakistan, the U.S. and Iran are now playing a game of chicken.

Reason

‘Best and ‘sweetest’ oil’: Trump can’t wait for his favorite thing, even if it endangers American-Iran negotiations

Nothing and nobody has received this level of sweet talk.

We Got This Covered

Trump pitches Iran blockade as boon to U.S. oil

Trump urged China to buy more U.S. oil.

Axios

Spoils of Iran war to deliver Chalmers a budget boost

The federal budget will be billions of dollars better off, even with added spending, because of higher commodity prices and inflation, a top economist says.

AAP

Here’s how a U.S. naval blockade of the Strait of Hormuz could work. ‘This is a big task, and it’s a big gamble’

“It puts economic pressure on Tehran without destroying the oil facilities, which you should want to preserve into the future.”

Fortune

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Barchart

Iran Ceasefire, Bank Earnings and Other Key Things to Watch this Week

Markets face extraordinary uncertainty following the collapse of lengthy U.S.-Iran diplomatic talks that ended with no deal, as Vice President J.D. Vance confirmed Iranian officials "have chosen not to accept our terms."

Budget and the Bees

Georgia Drivers Are Reporting a Common Car Mistake That Can Lead to $500+ Repairs

If you’ve driven around Georgia lately, you may have heard friends or coworkers complaining about unexpected car repair bills. What’s surprising is that many of these costly fixes stem from the same simple mistake that drivers often overlook. It’s not about reckless driving or major accidents—it’s something far more routine.…

The Times of India

China mapping ocean around India to avert its own Hormuz moment in Strait of Malacca?

At the heart of this push lies a strategic concern long associated with Beijing: securing critical sea lanes, particularly through the Strait of Malacca, and reducing vulnerabilities in the event of a conflict that could threaten its energy and trade lifelines. This vulnerability has a direct bearing on India’s strategic…

The Guardian - UK

Planeloads of negotiators and too little time: US and Iran’s 21 hours of talks

The two sides turned up to test one another’s resolve. It was probably unrealistic to expect a dispute that has taken up years of discussion to be settled in one marathon session

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The Guardian - UK

Collapse of US-Iran talks heightens fears of prolonged energy shock

Oil prices and borrowing costs are expected to rise this week as tankers remain stranded in the Gulf

MarketBeat

3 Surprising S&P 500 Outperformers of 2026

LyondellBasell, APA Corporation, and Valero Energy rank 11th, 14th, and 25th among the S&P 500's top-performers on the year, while the index sits close to flat.

The Guardian - UK

How to make Southern fried chicken – recipe

Your guilty-pleasure, late-night snack, minus the guilt, in nine easy steps.

The Independent UK

Police remove fuel protesters from Dublin center as disruption over soaring costs continues

Police have broken up a blockade in Dublin by protesters who have disrupted Ireland for a week over the soaring cost of fuel

The Guardian - UK

Task for the week: limit the fallout from biggest oil shock in decades

As World Bank and IMF chiefs gather in Washington, the Iran war is driving up energy prices, fuelling inflation and testing voters’ patience

The Independent UK

Lessons learned in '70s have made US, world economies less vulnerable to oil shocks

The world economy is experiencing a disorienting flashback to the 1970s

Fortune

Former ‘Citgo 6’ political prisoner sees ‘karma’ in Maduro ouster, but Venezuelan oil won’t rebound until there’s true regime change

Former 'Citgo Six' captive sees democratic elections as the only way to build international business trust in Venezuela again.

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