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The Latest Breaking News from Oil

Middle East Airports Chaos 2026: Full List of Closed vs Open Hubs Amid Iran War

Air travel across the Middle East remains in turmoil as of late March 2026, with major airports operating under severe restrictions or partial closures following U.S.-Israeli strikes on Iran and retaliatory actions that triggered widespread airspace shutdowns.

International Business Times

Australia PM tries to reassure public as panic buying sees fuel demand surge 400% in some regions

Albanese says Australia's supply of petrol, diesel and oil would be ‘same, if not higher, than it normally would be’

The Independent UK

Oil prices soar past $110 a barrel again after Iran says Strait of Hormuz is closed

Experts raise fresh UK recession fears as hopes of falling oil prices are dashed

The Independent UK

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S&P Futures Slip on Middle East Conflict Uncertainty and China Trade Probes

June S&P 500 E-Mini futures (ESM26) are trending down -0.49% this morning as investors digested conflicting news about the Middle East conflict, while China escalated its trade dispute with the U.S.

Barchart

Oil Prices Push Up More Than the Cost of Gas. Here's What Gets More Expensive Next

From groceries to flights, higher oil prices ripple through your budget. Here's how the chain reaction works and when you may start to feel it.

Kiplinger

Cuba's Doctors Seen Manually Operating ICU Machines as Power Crisis Continues to Threaten Patients

Cuba's worsening energy crisis severely affects hospitals. Discover how healthcare workers handle power outages and sustain critical care amid fuel shortages and blackouts.

International Business Times UK

‘Reckless’: Trump seeks Endangered Species Act exemption for oil, gas projects in Gulf of Mexico

The move could 'greenlight the extinction of sea turtles, whales and corals to pad the oil industry’s pockets', says an Earthjustice attorney.

Euronews

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Saudi Arabia urging US to ramp up Iran attacks, intelligence source confirms

Crown Prince Mohammed bin Salman said to view US-Israeli war as ‘historic opportunity’ to remake Middle East

The Guardian - UK

Strait of Hormuz 'Toll Booth' Implemented? Iran Tightens Control with New Fees and Vetting System in Key Oil Chokepoint

Iran introduces a toll booth system in the Strait of Hormuz, requiring vessels to submit documentation and pay fees, impacting global oil trade

International Business Times UK

Wall Street hits six-month low and Dow falls into correction as Trump ‘appears to lose his grip on markets’ – as it happened

Rolling coverage of the latest economic and financial news, as Brent crude trades over $110 a barrel for first time since Monday

The Guardian - UK

FTSE 100 Live 27 March: Retail pressure mounts, gilt yield at 18-year high

President Trump’s extension of Iran peace talks has failed to cool oil prices after Brent crude touched $110 a barrel.

Evening Standard

Trump extends Hormuz deadline even as strikes continue; oil prices ease: What's happening in US-Israel vs Iran war

US President Donald Trump has extended a pause on strikes targeting Iran’s energy infrastructure until early April, as Washington signals that diplomacy remains its preferred path forward in the escalating conflict. The temporary halt, announced as a 10-day window, comes amid claims from Trump that negotiations with Tehran are progressing,…

The Times of India

G7 unity tested as US envoy Rubio faces pressure from allies on Iran

G7 allies were on Friday pressing US Secretary of State Marco Rubio for clarity on American plans for Iran almost one month into the war in the Middle East, with concern also intensifying over the extent of cooperation between Russia and Tehran.

Radio France Internationale

European country vows to give homeowners ‘free electricity' instead of switching off wind turbines

Europe’s outdated and under-invested energy grid means huge amounts of renewable energy are wasted every year.

Euronews

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The Guardian - UK

Iran’s black rain is latest grim example of weather in war zones

Strikes on oil facilities burned thousands of tons of stored fuel, producing a pall of toxic smoke

International Business Times UK

Trump Says Talks with Iran Are 'Going Very Well' as Strait of Hormuz Deadline Extended — Will Diplomacy Hold?

Trump extends Iran deadline for reopening the Strait of Hormuz by ten days as talks continue and global oil markets stay on alert

AAP

CBA ups inflation prediction as supply chains strain

Australia is staring down the barrel of inflation above five per cent as a result of the Iran oil supply shock, economists from the Commonwealth Bank warn.

The Times of India

'They asked for 7, I gave them 10': Donald Trump reveals Iran's 'big present' to US as Hormuz deadline delayed

President Trump granted Iran a 10-day cooling-off period, calling it a "gift" after Tehran allowed eight oil tankers through the Strait of Hormuz. This pause in planned strikes on energy infrastructure comes amid ongoing diplomatic efforts, which Trump described as progressing well. The extension follows a previous five-day delay and…

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The Independent UK

Iran-US war latest: Ship carrying thousands of Marines arrives in Middle East as Yemen’s Houthis warn of more attacks

It comes amid speculation of an impending ground invasion

The Guardian - AU

Ukraine war briefing: Pentagon reportedly considering whether to divert aid from Ukraine to Middle East

US military stockpiles are under strain as a result of Iran war, Washington Post reports; Volodymyr Zelenskyy meets Saudi crown prince in Jeddah. What we know on day 1,493

The Guardian - AU

UAE targeted with missiles and drones – as it happened

This blog is closed.

The Guardian - AU

Malaysian vessels permitted to travel through strait of Hormuz, country’s PM says after Iran talks

A trickle of cargo ships and tankers – mostly Iranian, but some from Thailand and China – have made it through the strait since the war began

Times Pets

Common Mistakes First Time Pet Owners Make

Getting a new pet is super exciting! But without planning, you might face big problems like vet bills or ruined furniture. Studies show 20 to 30% of new owners give up their pet in the first year because of surprises like endless shedding, night time craziness, or allergies. Many myths…

AAP

Aussie shares snap losing streak but crude risks weigh

The local bourse has had its first positive week since February, but traders remain cautious with the US and Iran still at odds over a potential ceasefire.

The Guardian - AU

Mapping a mega storm: how Tropical Cyclone Narelle is tracking a historic path across Australia

Plus, visualising flows of oil and gas, the beauty of eucalyptus records and unravelling the mysteries of insect migrations

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