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The Latest Breaking News from Oil

Albanese to fly to Singapore to discuss fuel security as Australian petrol prices stop falling

Prime minister speaks with China in bid to shore up fuel shipments to Australia

The Guardian - AU

Trump Threatens Iran Power Grid Strikes as Tuesday Deadline Nears, Says Each Plant Will Be 'Burning' and 'Exploding'

US President Trump warns Iran of imminent military strikes on key infrastructure if the Strait of Hormuz remains blocked, escalating tensions and affecting global oil markets.

International Business Times UK

JP Morgan Chase head warns of unexpected global interest rate shocks as a result of Iran war

Jamie Dimon also appears to criticise Donald Trump for distancing the US from its allies

The Independent UK

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Saudi Arabia’s Al-Jubail oil facility hit; key industrial hub accounting for 7% of GDP impacted

Saudi Arabia said on Tuesday it intercepted and destroyed seven ballistic missiles launched toward the Kingdom’s Eastern Region, adding that assessments were under way to determine any damage.

The Times of India

Oil and gas crisis from Iran war worse than 1973, 1979 and 2022 together, says IEA

Oil prices swing and stock markets tense on approach to Trump’s deadline for Iran to reopen strait of Hormuz

The Guardian - UK

Asian shares mostly higher ahead of Trump's deadline for Iran to reopen oil route

Asian shares are trading mostly higher as oil prices continued to surge ahead of a deadline that U.S. President Donald Trump set for Iran to fully reopen the Strait of Hormuz or risk its power plants and bridges being bombed

The Independent UK

The nations doing deals with Iran to get ships through Strait of Hormuz

A growing number of countries are bypassing maritime law and gaining safe passage for their tankers via direct diplomacy with Iran

The Independent UK

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Oil back above $110 in volatile markets as Trump deadline looms for Iran to reopen strait – as it happened

IMF head warns Middle East war will lead to higher inflation and slower global growth while IEA director says oil and gas crisis ‘more serious than the ones in 1973, 1979 and 2022 together’

The Guardian - UK

FTSE 100 Live 07 April: Markets on edge as deadline looms, Universal Music bid

Markets are on edge after President Trump threatened to take out Iran "in one night" if it fails to reopen the Strait of Hormuz before tonight’s deadline.

Evening Standard

As Iran war exposes global dependence on fossil fuels, the biggest emitters are reaping the rewards

Worst polluters hold world’s future in their hands as they benefit from higher fossil fuel prices, but global trends favour renewables

The Guardian - UK

Iran-US war latest: Iranians burn American and Israeli flags after Trump declares ceasefire and re-opening of Strait of Hormuz

The ‘double-sided ceasefire’ comes less than two hours before Trump was set to unleash devastating strikes on Iran’s civilian infrastructure

The Independent UK

Oil Markets Are Trading Headlines, Not Fundamentals — Here’s Why

Oil markets are no longer behaving the way traditional models suggest. In theory, prices should reflect supply and demand. In reality, they are increasingly reacting to headlines, expectations, and perceived risk — often before any actual disruption takes place.

inkl

How might the Strait of Hormuz be reopened? Here are 3 scenarios

The Strait of Hormuz crisis has reached a critical juncture. President Donald Trump has demanded Iran reopen the strait or the United States will further intensify its military assault.

The Conversation

Ukraine war briefing: Zelenskyy reiterates truce offer ahead of Orthodox Easter

Ukrainian president says Russia unlikely to accept – ‘for them, nothing is sacred’; Australian police arrest army reservist for joining war. What we know on day 1,504

The Guardian - AU

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news in one place.

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International Business Times

Venezuela's Economy Gains Speed After U.S. Intervention But Oil Alone May Not Secure Recovery, Analyst Claims

The economy of Venezuela is accelerating in the wake of former President Nicolás Maduro's capture by the U.S., with economists now projecting a stronger-than-expected expansion in 2026.

Saving Advice

IRS Rules Explained: When Pets, Beer, and Even Body Oil Can Be Legal Tax Write-Offs

When most people think about tax deductions, they picture things like mortgage interest or charitable donations. They don’t think of pet food, beer, or body...

Barchart

Soybeans Rise Out of Easter Weekend

Soybeans posted gains on Monday, with contracts 3 to 5 1/2 cents higher at the post-Easter close. The cmdtyView national average Cash Bean price was up 3 1/4 cents at $10.97 1/2. Soymeal futures were down $1 to $1.70 higher in the front months, with Soy Oil futures up 40...

Kiplinger

Stocks Edge Up Ahead of Hormuz Deadline: Stock Market Today

Investors, traders and speculators, as well as policymakers and regular folks, around the world are counting down to a key Tuesday night deadline.

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news in one place.

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Budget and the Bees

Gas Prices Still High? These 12 Tricks Can Cut Your Fuel Bill Without Driving Less

Gas prices have a way of sneaking into your budget and quietly taking more than their fair share. Even when prices dip, they rarely stay low long enough to make a lasting difference. The good news is you don’t have to drive less to spend less at the pump. With…

Budget and the Bees

Mechanics Warn: These 10 Car Maintenance Mistakes Could Cost You Thousands Later

Your car is one of the biggest investments you’ll make, yet it’s often the most overlooked when it comes to routine care. Many drivers unknowingly fall into bad habits that seem harmless at first but can lead to expensive repairs down the road. Mechanics consistently see the same preventable issues…

Barchart

Crude Prices Climb on Fears of Escalation of Iran War

May WTI crude oil (CLK26 ) on Monday closed up +0.87 (+0.78%), and May RBOB gasoline (RBK26 ) closed up +0.0202 (+0.61%). Crude oil and gasoline prices settled higher on Monday, with crude posting a 4-week high. Crude prices rallied after President Trump signaled an escalation of the conflict in...

Barchart

A Strong U.S. Dollar Is Squelching Grain Market Bulls

The U.S. dollar index nears 10-month highs and is pressuring grain futures including corn, soybeans, and wheat. What to watch this week.

MarketBeat

Is There a Buying Opportunity in the SPY ETF?

The SPY ETF is set up to rebound strongly in Q2 as the Q1 earnings reports are released; the forecast is for robust growth and solid guidance.

The Independent UK

US stocks and oil prices swing as Trump’s deadline on Iranian power plants looms

Oil prices seesawed between gains and losses amid persistent uncertainty about the ongoing conflict with Iran

The Guardian - US

House Democrats demand end to ‘cruel’ US energy blockade after visit to Cuba

Pramila Jayapal and Jonathan Jackson denounce ‘collective punishment’ amid vast disruption s from US oil blockade

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