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The Latest Breaking News from Oil

Trade Strait of Hormuz Headlines and Profit with Unusual Options Activity in Royal Caribbean Stock

The VIX opened Thursday trading higher, but dropped back on good news about traffic through the Strait of Hormuz. Cruise operators like Royal Caribbean are greatly affected by higher fuel prices. RCL’s unusual options activity provides an attractive trade.

Barchart

Energy markets are having a Wile E. Coyote moment as oil supplies go off a cliff, expert says

“Unless Strait of Hormuz transit resumes, the stress in refined products and the shortages we’re seeing across Asia will spread, and quickly.”

Fortune

Iran’s attack on oil refinery in Kuwait was ‘reckless’, says Starmer

IN FULL

The Independent UK

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These Motor Oils Look Fine on the Shelf—But Mechanics Actively Avoid Them

If it glistens under the fluorescent lights of a store shelf and boasts flashy labels like “Ultimate Protection” or “High Performance Formula,” it seems like a safe bet for your car. But here’s the twist: some of these oils that scream premium are actually a nightmare for mechanics. Not all…

Clever Dude

Regulators seek public input for massive Montana-Wyoming oil pipeline proposal

State and federal officials are seeking public comment on the proposed Bridger Pipeline Expansion project

The Independent UK

Ministers deny decision has been taken over North Sea gas field project amid spiralling prices

The government insisted no decision has been taken on the project, despite oil prices having soared in response to Iran’s stranglehold on tankers passing through the Strait of Hormuz

The Independent UK

'Can easily open Hormuz, take oil & make fortune': Trump makes 'gushing' claims

Trump's remark is concurrent to Washington's repeated claims that talks with Tehran have been "progressing well", though the Islamic regime, currently without the leadership, has outrightly quashed the Trump's claim. Trump's fresh assertion on Hormuz, a key chokepoint in the global oil supply route, comes a day after he appeared…

The Times of India

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Current price of oil as of April 3, 2026

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

Fortune

Russia Readies New Oil Shipment To Cuba After Trump Doesn't Enforce Blockade On First One

Russia is preparing a new oil shipment to Cuba after President Donald Trump didn't enforce a blockade on one earlier this week.

International Business Times

Human remains found on Thai-flagged cargo ship attacked in Strait of Hormuz

Families informed as investigation continues into attack on Thai vessel in critical oil route

The Independent UK

Keir Starmer condemns ‘reckless’ Iranian attack on Kuwaiti oil refinery

Tehran fired drones and missiles at targets across the Middle East overnight as the war nears the end of its fifth week.

Evening Standard

How long can the EU’s oil reserves last?

The 400 million barrels of oil released by the International Energy Agency — of which 92 million barrels were contributed by 20 EU countries — could last about five months, according to analysts. The bloc also relies on storage reserves.

Euronews

Food prices spiked in March as Middle East conflict drove up energy costs, UN says

Biggest rises were in vegetable oil and sugar prices, which increased by 5% and 7% respectively

The Guardian - UK

Pakistanis face unprecedented fuel price rise of up to 54% as global oil price spikes

Pakistanis are facing record fuel price increases as petrol and diesel prices surge by up to 54%

The Independent UK

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Euronews

Swedish coastguard boards tanker believed to have caused oil spill in Baltic Sea

According to the ship tracking site Marine traffic, Flora 1 departed the Russian oil port Primorsk headed for Santos in Brazil, flying the flag of Sierra Leone.

The Guardian - US

How sheltered really is the US from the Gulf oil supply crisis?

As Trump suggests Middle East oil disruption is not his problem, experts say talk of US ‘energy independence’ is a smokescreen – with consumers paying the price

The Guardian - UK

Of course we shouldn’t drill for more oil in the North Sea – we cancelled further exploitation for a reason

We are at a critical point in the climate emergency and already struggling to meet emissions reduction targets. The UK government must hold its nerve, says Bill McGuire, professor emeritus of geophysical and climate hazards

Evening Standard

Energy experts call for Jackdaw gas field to be approved

It is understood Energy Secretary Ed Miliband has not reached a decision.

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Euronews

French and South Korean leaders say they'll work together to reopen Strait of Hormuz

Iran warned the UN Security Council against any "provocative action", ahead of a scheduled vote on a draft resolution on the Strait of Hormuz that ended up being postponed.

Euronews

Tehran fires at Israel as Trump warns US has not started 'destroying what is left' in Iran

Israel's military reported a new missile salvo from Iran on Friday, with its air defences operating to down them, but there were no immediate reports of casualties.

The Times of India

Watch: Kuwait refinery on fire after another Iranian drone attack, operations under threat

Iranian drones struck Kuwait's Mina al-Ahmadi oil refinery, causing fires and highlighting the escalating attacks on critical energy infrastructure in the Gulf. This incident occurs amidst ongoing hostilities between Iran, the United States, and Israel, impacting global oil flows and prices.

Tom’s Guide

Move over vinegar: This $3 pantry staple is the real secret to grease-free cabinets

How to clean greasy cabinets: The one secret ingredient that cuts through the grime.

Woman & Home

Grown-up bath brand Saltair is huge in the US, and it's my secret to smelling chic all day long

From skin-nourishing body oils to sophisticated deodorants, Saltair scents every step of your body care routine, and perfectly layers with your perfume

Euronews

Italy clings to coal-powered plants as EU countries shield from Iran war with renewables

Italy’s four coal-powered plants, which are currently on stand-by, could be reactivated if gas and oil supply issues escalate.

The Independent UK

The Latest: Iran launches missiles at Israel and Gulf states as explosions heard around Tehran

Iran fired missiles at Israel and some Gulf nations while explosions could be heard around Tehran and the central Iranian city of Isfahan

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