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The Latest Breaking News from Oil

'Forget That' — Trump Dismisses His Own Cabinet's Gas Price Briefing to Press for a Venezuelan Statue

During a Cabinet meeting focused on rising fuel costs, Trump diverted attention with a remark about a potential statue in Venezuela, sparking mixed reactions.

International Business Times UK

Rubio makes bold claim on when Iran war will end: ‘Weeks, not months’

US Secretary of State Marco Rubio has suggested a potential de-escalation of the Iran war, saying it would last "weeks, not months". He also noted Iran's willingness to discuss "certain things". However, Mr Rubio's comments contradict reports from the Wall Street Journal that Donald Trump is considering deploying an additional…

The Independent UK

Dollar Advances as Iran War Rages

The dollar index (DXY00 ) rose to a 1-week high on Friday and finished up by +0.27%. The dollar moved higher on Friday as the risk of a protracted Iran war boosts safe-haven demand for the dollar. Also, Friday's +5% rally in crude oil prices is pushing inflation expectations higher,...

Barchart

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As fuel prices rise, US lawmakers push to suspend the federal gas tax

As gas prices approach $4 a gallon nationally amid the conflict in Iran, some lawmakers are pushing to suspend the federal gasoline tax

The Independent UK

Crude Oil Surges on Fears of Iran War Escalation

May WTI crude oil (CLK26 ) on Friday closed up +5.16 (+5.46%), and May RBOB gasoline (RBK26 ) closed up +0.1070 (+3.47%). Crude oil and gasoline prices rallied sharply on Friday on concerns about a protracted war with Iran. Crude prices also rose amid concerns that reduced Russian crude exports...

Barchart

Iran, one month on – the numbers tell the terrible toll of war

THE INDEPENDENT VIEW: Editorial: If there was ever a plan behind the US-Israeli assault on Iran, it is not going well – instead, it has become Donald Trump’s great miscalculation

The Independent UK

Thanks to Donald Trump solving a problem that didn’t exist, Iran’s now raking in millions at Hormuz

From 110 ships a day to fewer than 10. Mission accomplished, I guess.

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Up 215% YTD, This Small-Cap Stock Is Beating AI Stocks

A war-driven oil rally is turning this overlooked small-cap into one of 2026’s biggest winners.

Barchart

‘We don’t need the Hormuz Strait’: Donald Trump says, as fuel prices raise in the U.S.

President Donald Trump, who claims he’s been negotiating with Iran, now claims that the Strait of Hormuz is “not important” to the United States. But as the war wages on, fuel prices continue to climb and hurt consumers throughout the US.

The Mary Sue

FTSE 100 ends down as oil rises while Iran war remains in deadlock

The FTSE 100 closed down just 4.82 points at 9,967.35.

Evening Standard

From Kharg to Qeshm: 6 Iranian Islands Trump may target amid Strait of Hormuz tensions

The US is reportedly considering military options against Iran, focusing on key Persian Gulf islands vital for oil exports and naval control. Plans reportedly include ground and bombing operations, with potential targets like Kharg Island, a major oil hub, and Larak Island, crucial for Strait of Hormuz monitoring. Seizing these…

The Times of India

Cotton Rallying on Friday

Cotton futures are trading with 42 to 70 point gains across the front months on Friday. The US dollar index was $0.207 higher at $99.915. Crude oil is up $4.32 on the day to $98.80. Export Sales data now has the 9.556 million RB of combined cotton sales and shipments...

Barchart

Soybeans Selling the Fact Following RVO Announcement

Soybeans are trading with contracts 9 to 10 cents lower in the front months and deferreds down 3 to 5 cents, The cmdtyView national average Cash Bean price is down 9 cents at $10.91 1/4. Soymeal futures are showing $4 to $5 losses at midday, with Soy Oil futures 21...

Barchart

Investors urged to be patient as stock markets rattled by Iran war

The U.S. stock market has a proven record of recovering from every major downturn

The Independent UK

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LiveScience

Our fossil fuel economy is a house of cards and Trump's war in Iran is about to topple it. The need for a clean energy transition has never been clearer.

Trump's war in Iran is the embodiment of everything that's wrong with our dependence on fossil fuels — and it's highlighting just how vital the transition to renewables is.

The Independent UK

Judge won't block meeting that could exempt Gulf drilling from Endangered Species Act

A judge has ruled that the government can convene a meeting next week to seek an exemption from the Endangered Species Act on the basis of national security for expanded oil and gas drilling in the Gulf of Mexico

The Independent UK

US-Iran war in numbers: Thousands killed and billions spent as fragile ceasefire takes effect

IN FOCUS: Iran and the US have agreed a temporary ceasefire after 39 days of war. James C. Reynolds reports on the costs of the conflict to date

Evening Standard

A survivor's guide to maintaining blonde hair at home without the damage

Writer Georgie Darling has spent years trialling the best blonde haircare to make her locks shine — these are the ones that made the cut

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Evening Standard

Lack of energy strategy in Scotland down to UK Government ‘incoherence’ – Flynn

The Scottish Government failed to publish an energy strategy before the end of the parliamentary term this week.

Fortune

The Iran war could drag into 2027, analyst warns. The economic fallout is just getting started

“The Middle East war now appears to be broadening and deepening,” Capital Alpha Partners analyst Byron Callan said in a note on Thursday.

Reason

Trump's War in Iran Risks Ruining His Entire Foreign Policy

The president’s attempt to manage the consequences of the war is adding wrinkles to his diplomatic goals in Ukraine, China, and other countries.

Barchart

Crude Oil Continues Higher as Wars Disrupt Global Oil Supplies

May WTI crude oil (CLK26 ) today is up +2.96 (+3.13%), and May RBOB gasoline (RBK26 ) is up +0.0370 (+1.20%). Crude oil and gasoline prices are sharply higher today on concerns about a protracted war with Iran. Crude prices also rose amid concerns that reduced Russian crude exports will...

The Guardian - US

Jimmy Kimmel on Mike Johnson’s new award for Trump: ‘You can almost feel his spine exiting his body’

Late-night hosts discussed the Republican party’s inaugural ‘America First’ award and a disturbing new animal story involving RFK Jr

Fortune

The big stock market correction that Trump can’t talk his way out of is official

TACO is over as the 10-year Treasury yield spikes and the Nasdaq sinks over 10% from its peak.

Barchart

Stocks Falter as Iran War Pushes Energy Prices and Bond Yields Higher

The S&P 500 Index ($SPX ) (SPY ) today is down -0.79%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.81%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.12%. June E-mini S&P futures (ESM26 ) are down -0.74%, and June E-mini Nasdaq futures...

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