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The Latest Breaking News from Oil

Russian oil tanker docks in Cuba after US allows passage despite energy blockade

Cuba used to receive most of its oil from Venezuela, but those shipments were halted ever since the US attacked the South American country and arrested its leader Nicolás Maduro in early January.

Euronews

WW3 Fears Erupt: Russia Accuses Britain of Masterminding 'Special Operation' in Baltic Sea

Russia accuses Britain of orchestrating drone strikes on its Baltic oil ports, escalating tensions and WW3 fears. The attacks disrupt Russian energy exports amid surging global oil prices.

International Business Times UK

Sugar Prices Rebound on Strength in the Brazilian Real and Crude Oil

May NY world sugar #11 (SBK26 ) today is up +0.12 (+0.77%), and May London ICE white sugar #5 (SWK26 ) is up +1.50 (+0.33%). Sugar prices recovered from 1.5-week lows today and moved higher as short covering emerged in sugar futures after the Brazilian real (^USDBRL ) rallied to...

Barchart

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FTSE stocks up as Donald Trump ‘prioritises diplomatic efforts’ in Iran war

But Unilever shares fell 7.3% as it confirmed it had agreed to combine its Foods business with McCormick & Co.

Evening Standard

‘An idea that he has’: Trump wants Arab countries to pay for his Iran war, and the White House just confirmed it’s more than just talk

Trump’s Iran War shenanigans continue.

We Got This Covered

Underwater turbines are gaining government support – our research maps their global potential

Recent disruptions to oil supply in the Middle East have sent energy prices soaring, reminding countries how vulnerable they remain to imported fossil fuels. At the same time, global electricity demand is expected to almost triple by 2050.

The Conversation

Crude Oil Prices Rally as Strait of Hormuz Remains Closed

May WTI crude oil (CLK26 ) today is up +0.91 (+0.88%), and May RBOB gasoline (RBK26 ) is up +0.0178 (+0.56%). Crude oil and gasoline prices are moving higher today, with crude oil posting a 3-week high after President Trump said he is willing to end the US military campaign...

Barchart

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‘God squad’ waives endangered species law to allow US drilling in Gulf of Mexico

Critics say exemption for fossil fuels exploits White House’s ‘self-made gas crisis’, and could doom the rare Rice’s whale

The Guardian - US

From location to logistics: Challenges to Donald Trump’s Kharg Island ‘seize’ threat

US President Donald Trump’s suggestion that Washington could seize Iran’s key oil hub, Kharg Island, has raised concerns around strategic, military and economic risks of such a move. While the island is central to Iran’s energy exports, experts warn that any attempt to capture or disable it could escalate the…

The Times of India

Donald Trump Approval Slumps To 33% As Iran War And Inflation Take Toll

Donald Trump's approval rating has slid to 33% in a new University of Massachusetts Amherst poll, with even fewer Americans backing his handling of the war against Iran.

International Business Times UK

Stocks Climb on Hopes for an End to Iran War

The S&P 500 Index ($SPX ) (SPY ) today is up +1.02%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.67%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.10%. June E-mini S&P futures (ESM26 ) are up +1.10%, and June E-mini Nasdaq futures...

Barchart

Cuba's Russian Oil Supply May Last Only 10 to 30 Days, Experts Say

Cuba consumes an estimated 100,000 barrels of fuel per day but produces only about 40% domestically

Latin Times

Four million people across the Gulf could be pushed into poverty by war in Iran, UN warns

The worst-affected would be in GCC countries and in the Levant, with each region set to lose more than 5.2 percent of their GDP

The Independent UK

Strait of Hormuz shutdown: What implications for Europe, for how long and how high can prices go?

The closure of the Strait of Hormuz is rattling global markets, sending energy prices soaring and fuelling fears of supply shortages. Euronews explains:

Euronews

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Latin Times

Mexican President Sheinbaum Says The Country Could Go Back To Sending Oil To Cuba

Mexican President Claudia Sheinbaum said the country could go back to sending oil to Cuba, whether it is as humanitarian aid or for commercial purposes.

Fortune

Markets cheer as Trump threatens to abandon the Strait of Hormuz, leaving the oil market in crisis

The White House is signaling that it’s ready to leave the strait in allies’ hands: “The USA won’t be there to help you anymore, just like you weren’t there for us.”

Latin Times

Cuba Celebrates Arrival Of Russian Tanker To Address Acute Shortages: 'Sign Of The Brutal Siege'

A top Cuban official celebrated the arrival of a Russian tanker loaded with hundreds of thousands of oil barrels to address acute shortages taking place in the island.

The Guardian - UK

Energy bills in Great Britain forecast to hit almost £2,000 a year this summer

Consumers brace for ‘awful April’ and Iran war cost hikes, which have pushed UK’s gas market past three-year highs

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Player One

'Palworld' Base Locations Mastery: Top Farming Spots for Max Resources

Best "Palworld" base locations and farming guide: Coordinates for early ore plateaus, mid-game coal hubs, late-game oil fields. Top spots match Pals to resources for max yields.

Barchart

While the S&P 500 Struggles, These 3 Energy Dividend Stocks Are Soaring

Find out which dividend stocks are still worth buying and how much upside remains.

Barchart

Stocks Rally as President Trump Considers Ending Iran War

The S&P 500 Index ($SPX ) (SPY ) today is up +1.33%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.10%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.45%. June E-mini S&P futures (ESM26 ) are up +1.48%, and June E-mini Nasdaq futures...

International Business Times UK

Fuel Crisis Deepens in Northern Ireland as Stations Run Dry and Prices Surge

UK petrol and diesel prices spike amid Middle East conflict, with fears of shortages and rising costs impacting consumers and businesses.

Barchart

Kevin O’Leary Is Rooting for a Possible ‘Game-Changer’ Move to End Iranian Control of the Strait of Hormuz: $70 Oil in Store

Kevin O'Leary's ideal solution to return to cheaper gas prices would be easier said than done.

TechRadar

5 Taylor Sheridan shows are dominating the Paramount+ top 10 this week — but you only need to stream his 'ultimate masterpiece'

Paramount+ is spoilt for choice when it comes to streaming Taylor Sheridan shows — but make sure you binge the one I can't tear my eyes from.

The Independent UK

Japan and Indonesia to boost energy security cooperation as concerns grow over Iran war fallout

Japan and Indonesia have agreed to deepen economic ties and work together on energy security as the two Asian countries face growing uncertainty over oil and gas supplies

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