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The Latest Breaking News from Oil

Trump Iran Threat 'No Deal, No Infrastructure' Warning Shakes Strait of Hormuz Talks

Trump warns Iran of targeting civilian energy and water systems if Strait of Hormuz deal fails, raising oil market and Middle East tensions

International Business Times UK

Oil above $115 as markets grapple with uncertainty over Trump’s next move

Oil prices climbed higher by early afternoon in Europe, following news about further escalation of the war in Iran.

Euronews

Brazil’s dual-fuel ethanol fleet stabilizes gasoline prices despite Iran war oil shock

Brazil is finding protection in a decades-old buffer against shocks that is both cheap and environmentally friendly as global oil markets tremble amid the escalating conflict in the Middle East

The Independent UK

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Iran war sparks renewables boom as Europeans rush to buy solar, heat pumps and EVs

The war on Iran has become a catalyst for green technology, as Europeans scramble to find less volatile alternatives to oil and gas.

Euronews

More drilling in North Sea ‘not the answer’ for UK energy security, say former military leaders

Government told to focus on transition to mix of wind, solar, tidal and nuclear energy

The Guardian - UK

Oil steadies and Asian stocks are mostly lower on mixed signs on Iran

Oil prices have steadied and Asian stocks are mostly trading lower, as signs of a de-escalation of the Iran war remain mixed

The Independent UK

‘There’s no safe place here’: Kuwaiti tanker hit by Iranian drone attack in Dubai port

Dozens of other vessels leave area after drone strike causes fire onboard tanker owned by Kuwait’s state oil company

The Guardian - UK

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One of the world’s rarest whales under threat from Trump’s Gulf drilling plans

Other species, including threatened manatees and endangered sea turtles, are also at significant risk

The Independent UK

JetBlue is raising the price of checked bags by at least $4 as airline grapples with higher fuel costs

The budget-friendly airline appears to be the first major U.S. carrier to hike baggage fees amidst the fallout from the U.S.-Israeli war with Iran — but it may not be the last

The Independent UK

Federal 'God squad' poised to exempt oil and gas drilling in the Gulf from endangered species rules

Trump administration officials will soon consider exempting oil and gas drilling in the Gulf of Mexico from the Endangered Species Act

The Independent UK

Emirates says Iranian nationals are not allowed to enter or transit through UAE – as it happened

This blog is closed.

The Guardian - AU

Indian Oil’s Chhotu LPG: No Booking, Just Go

Imagine running out of gas in the middle of cooking No backup. No time. No help. And then someone says Just walk out and buy a cylinder instantly. Sounds impossible, right? But Indian Oil Corporation just made it real. No booking. No waiting. No long process Just pick it up…

MyLifeXP

Iran-US war latest: Trump says conflict will end in ‘two to three weeks’ as drone sparks fire at Kuwait airport

Donald Trump said the US will be leaving the Middle East ‘very soon’

The Independent UK

Manila’s transport workers struggle to make ends meet as Philippines feels force of oil crisis

The Philippines is uniquely exposed to the surging oil price caused by the war in the Middle East. The government is facing protests and widespread anger

The Guardian - AU

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The Conversation

Why a second global shipping chokepoint could soon live up to its name as the ‘Gate of Tears’

If you’d never heard of the Strait of Hormuz before, you probably have by now. Iran’s effective closure of the waterway, which usually carries about 20% of the world’s oil and gas, has put severe pressure on the global economy.

The Independent UK

Oil-thirsty Asian nations seek Russian crude as Iran war strains supplies

Asian nations are increasingly competing for Russian crude oil as an energy crisis mounts amid the U.S. and Israeli war in Iran, which has choked off roughly a fifth of the world’s oil supply

The Times of India

Iran strikes fully loaded Kuwaiti oil tanker at Dubai port; spill risk flagged

A Kuwaiti crude oil tanker anchored off Dubai was targeted in a direct Iranian attack, igniting a fire and damaging its hull. This incident, involving drone strikes, follows a pattern of attacks on commercial shipping in the Gulf. Dubai authorities are managing the blaze, with all 24 crew members reported…

The Guardian - AU

Ukraine war briefing: allies asked Kyiv about reducing attacks on Russian energy sector, Zelenskyy says

President says he is open to scaling back strikes on oil and wider energy industry if Moscow reciprocates. What we know on day 1,497

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The Guardian - US

Trump news at a glance: US promotes Elon Musk’s X to fight foreign propaganda

Cable signed by secretary of state Marco Rubio endorses Musk’s platform by name and suggests staff work with Pentagon psychological operations unit – key US politics stories from Monday 30 March at a glance

Saving Advice

Florida Sees Sudden Jump in Gas Prices After Supply Disruptions Hit the Southeast

Gas prices are rising across the United States right now, thanks to the conflict in the Middle East. And if you’ve filled up your tank...

The Independent UK

Trump threatens to destroy Iran’s desalination plants. Here’s what that could mean

Israeli airstrikes on March 7 on oil depots surrounding Tehran produced heavy smoke and acid rain

The Times of India

Trump eyes Arab nations to fund Iran war amid peace talks with Tehran

Speaking at a press briefing, White House press secretary Karoline Leavitt said the proposal was something Trump had been considering, though she stopped short of confirming any formal move. Earlier, Trump issued a stark warning to Iran, saying its energy infrastructure, including oil facilities and desalination plants, could face widespread…

Barchart

Soybeans Pull Back to Steady into Monday’s Close

Soybeans saw weakness late on Monday as front months came back to close with fractionally mixed action. The cmdtyView national average Cash Bean price was up 3/4 cent at $10.87 3/4. Soymeal futures were down 40 cents to up 70 cents, with Soy Oil futures 52 to 106 points higher....

Barchart

Cotton Posts Monday Gains

Cotton futures were 4 to 73 points higher to close out Monday. The US dollar index was $0.388 higher at $100.370. Crude oil futures were up $5.36 to $105.00 on the day. March Intentions data is expected to show cotton acreage at 9.229 million acres according to a Reuters survey...

AAP

Australia urges probe into Lebanon peacekeeper killings

Israel's ambassador to Australia has defended his country's actions in Lebanon and death penalty laws which have been criticised by the Albanese government.

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