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The Latest Breaking News from Oil

Britain’s economic growth to be weakest in a century outside of pandemic and WWII, think tank warns

The UK’s top two economic think tanks – the Resolution Foundation and the Institute for Fiscal Studies – have issued dire warnings over economic growth and borrowing a day after Rachel Reeves delivered her spring statement

The Independent UK

Stock Index Futures Higher as Investors Digest U.S. ADP Jobs Report

March S&P 500 E-Mini futures (ESH26) are up +0.38%, and March Nasdaq 100 E-Mini futures (NQH26) are up +0.58% this morning, giving up earlier gains after U.S. Treasury Secretary Scott Bessent said a proposed 15% global tariff could take effect this week.

Barchart

Passage denied: Oil and gas prices swing wildly as Hormuz crisis drags on

Oil prices are climbing, albeit at a slower pace, as the US and Israel's war with Iran enters its fifth day, with little to ease concerns over the safety of the Strait of Hormuz — a vital artery for the global energy supply.

Euronews

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5 Mistakes to Avoid in Oil and Gas Investing (Plus, 6 Ways to Stay Focused)

The nature of energy markets exacerbates unhelpful behaviors. Understanding the psychology of oil and gas investing can help you make smarter decisions.

Kiplinger

South Korean stocks suffer worst day on record amid Iran war shocks

Asian markets suffered heavy losses on Wednesday, with South Korea’s main index (Kospi) plunging more than 12%, recording its worst single-day decline in history as the widening conflict in Iran continues to disrupt global markets.

Euronews

War in Middle East ‘could wipe out growth in UK living standards’

Rising oil and gas prices may affect increase of £300 a year for typical working-age households, says leading thinktank

The Guardian - UK

Calm returns to markets in Europe but oil prices climb higher on Iran war

Brent crude lifted another 3% at 84.5 US dollars a barrel at one stage – its highest level since July 2024.

Evening Standard

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Why Khamenei’s death could become Trump’s most expensive victory

President Trump's decision to eliminate Iran's Supreme Leader Ayatollah Ali Khamenei has dramatically altered the Middle East. While a tactical victory, the move has triggered regional missile exchanges and rising oil prices. Analysts warn that removing Khamenei, who controlled escalation, may lead to a more unpredictable and volatile Iran, posing…

The Times of India

Indoor Safe Holi Ideas For Families With Pet

Use pet friendly colors A family celebrating Holi with flowers and decorations instead of chemical powders, ensuring their pet’s safety. Human colors are extremely toxic for pets, even the organic ones you get in the market, do not use them on any animals. If you must, you can use turmeric,…

Times Pets

Iran war today: What happened in Middle East overnight as Israel launches ‘broad wave’ of strikes

The Israeli military says it launched a “broad wave” of strikes in Tehran early on Wednesday, targeting “the Iranian terror regime’s launch sites, aerial defence systems and additional infrastructure”. The Pentagon has named the first four American personnel killed in the widening conflict; they are Capt Cody A Khork, 35,…

The Independent UK

Rachel Reeves in emergency talks with oil and gas chiefs amid warning of £500 rise in energy bills

Fears are growing that Donald Trump’s Iran war will push up energy bills in Britain

Evening Standard

How Is Occidental Petroleum's Stock Performance Compared to Other Oil & Gas E&P Stocks?

Due to Occidental Petroleum’s underperformance compared to its peers over the past year, Wall Street analysts remain cautious about the stock’s prospects.

Barchart

FTSE 100 Live 04 March: Oil price higher but index steady, Vistry shares slump

Brent Crude oil prices today continued to rise amid the escalation of the Middle East conflict.

Evening Standard

Middle East conflict offers economic lifeline to Russia’s flagging war machine

With much of the world’s oil supplies out of action, Russia could step in to meet demand in China and India

The Guardian - UK

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The Guardian - UK

Stuffed peppers and aubergine dip: Sami Tamimi’s recipes for savoury Palestinian snacks

Peppers stuffed with freekeh, lamb and spicy tomato sauce, and a classic Levantine aubergine dip with preserved lemon and dill

The Independent UK

The Latest: Explosions heard in Tehran and Jerusalem on fifth day of war

Explosions are sounding in Iran’s capital city as its war with the U.S. and Israel enters a fifth day

The Guardian - UK

European stock markets rally after report of ‘secret outreach’ by Iran to try to end war

UK’s FTSE 100 up by more than 50 points, while pan-European Stoxx 600 share index rises 1.2%

The Conversation

Australian economy picks up speed, but managing inflation and rates is getting harder

Australia’s economy grew at its fastest annual rate in almost three years in the December quarter, rising 2.6%, although this is still modest growth by historical standards.

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The Texas Tribune

Bo French, Jim Wright head to runoff for seat on Texas Railroad Commission

The Texas Railroad Commission is responsible for regulating the state’s oil and gas industry. The election included a clash over China and diversity rules.

The Independent UK

Asian shares extend losses as the war with Iran widens and oil surges higher

Asian shares have resumed their decline after a global sell-off for stocks hit Wall Street, while oil prices climbed even higher

AAP

Aussie shares dive as investors brace for energy shock

Australia's share market has plunged as surging oil prices dimmed the global growth outlook and dragged on industrial metals producers.

The Independent UK

Trump’s strikes on Iran could cost the American economy up to $210B, report says

The president has said the U.S. could give military escorts to oil tankers in the region to ease the strain on global energy supplies

Barchart

Cotton Losses Continue on Tuesday

Cotton futures are down 45 to 55 points in most front months on Tuesday. Crude oil was up $3.58 on the day to $74.81. The US dollar index is another $0.940 higher at $98.505. Uncertainty with China, as they have called for a halt to the strikes on Iran continues...

Barchart

Soybeans Power Higher Late on Tuesday

Soybeans saw late session strength, with contracts closing 5 to 7 cents higher There were another 27 deliveries issued overnight. The cmdtyView national average Cash Bean price was up 6 1/2 cents at $10.97 1/2. Soymeal futures were up 20 cents to $2.20 on the day, with Soy Oil futures...

Barchart

Corn Sees Late Day Strength to Close with Gains

Corn futures posted gains across most contracts on Tuesday, with contracts fractionally to 2 cents higher. The CmdtyView national average Cash Corn price was up 1 cent to $4.06 3/4. Crude oil strength remains supportive. USDA reported a private export sale of 196,000 MT of corn to unknown destinations this...

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