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The Latest Breaking News from Oil

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

The Guardian - AU

Coalition calls for cut to fuel tax as price woes mount

Cutting battery and EV subsidies would help pay for a coalition plan to halve the fuel excise amid a surge in oil prices caused by the Iran war.

AAP

Rachel Reeves urged to raise taxes on companies profiting from Iran war

The price of oil has skyrocketed since the war in Iran began and the UK economy is predicted to see a drop in growth

The Independent UK

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read the most diverse news in one place.

Gulf of Mexico oil spill spread hundreds of miles, killed wildlife and polluted Mexican reserves

Mexican authorities say a March oil spill in the Gulf of Mexico spread more than 600 kilometers and reached protected areas

The Independent UK

The General Mills Dividend Yields 6.53%. Is That Enough to Make Up for an Oil Price Shock?

General Mills’ high 6.53% dividend yield may look enticing, but it comes amid falling earnings, rising oil-driven cost pressures, and growing macro risks that could limit upside.

Barchart

Soybeans Closes Higher on Thursday

Soybeans saw gains of 1 ¾ to 5 ½ cent gains in the front months on Thursday. The cmdtyView national average Cash Bean price was up 2 1/4 cents at $11.00 1/4. Soymeal futures were up 30 cents to $2.30, with Soy Oil futures up 42 to 96 points. Export...

Barchart

Cotton Rallies on Thursday

Cotton futures closed out the Thursday session with contracts 21 to 123 points higher across the board. The US dollar index was $0.296 higher at $99.695. Crude oil was up $3.46 on the day to $93.79. Export Sales data showed 202,444 RB of 2025/26 cotton sold in the week ending...

Barchart

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Iran suggests Spain may be able to send ships through Strait of Hormuz as it is ‘non-hostile’ country

Iran remains in control of the Strait of Hormuz and attacks on vessels have caused chaos in energy markets

The Independent UK

US markets see biggest slump since start of US-Israel war on Iran

Dow closed 450 points down and S&P dipped 1.7% while Nasdaq fell 2.3% into correction territory

The Guardian - US

A smile and a handshake as Maduro case drags Venezuela crisis to New York court

The deposed Venezuelan president and his wife appeared in a Manhattan courtroom as rival protests took place outside

The Guardian - US

Stocks Slump on Iran War and Weakness in Chipmakers

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -1.74%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -1.01%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -2.38%. June E-mini S&P futures (ESM26 ) fell -1.72%, and June E-mini Nasdaq futures...

Barchart

Distant conflict, local crisis: is this oil shock the wake-up call NZ needed?

In recent years, there has been no shortage of warnings about the fragility of New Zealand’s largely imported fuel supply.

The Conversation

Why these 6 Iranian islands could be crucial to Trump's "final blow" of the war

Many of the potential plans for a "final blow" center around islands in the Gulf.

Axios

Nasdaq Hits Correction Territory as Meta Slumps: Stock Market Today

Mega-cap stocks Meta and Alphabet weighed on the main indexes on Thursday, and surging oil prices didn't help.

Kiplinger

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International Business Times UK

Did Iran Provide 'Big Boats of Oil' to the US Amidst Peace Negotiations With Trump?

US President Donald Trump claims Iran allowed oil tankers to pass through the Strait of Hormuz as a 'gift', amid ongoing tensions. Explore the implications of this strategic move.

The Guardian - UK

IRGC naval commander killed in Israeli strike was hardliner who understood power of strait of Hormuz

Alireza Tangsiri oversaw technology now used to threaten strategic waterway and goaded Trump to attack oil-export hub Kharg Island

The Guardian - UK

Trump extends deadline for Iran to open strait of Hormuz by 10 days

President claims talks with Tehran regime are ‘going very well’ and says he is pausing ‘Energy Plant destruction’

Barchart

Dollar Supported by Iran War and Slumping Stocks

The dollar index (DXY00 ) on Thursday rose by +0.35%. The dollar rose on Thursday as doubts about whether a ceasefire in Iran will materialize weighed heavily on stocks and boosted safe-haven demand for the dollar. Also, Thursday’s decline in US weekly continuing unemployment claims to a 1.75-year low is...

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The Independent UK

Iran starts to formalize its chokehold on the Strait of Hormuz with a 'toll booth' regime

Iran is cementing its hold over the Strait of Hormuz, demanding vessels give up detailed information and detour into Iranian waters before being vetted by Iran’s Islamic Revolutionary Guards Corps

Barchart

Crude Oil Rallies as Iran Peace Talks in Doubt

May WTI crude oil (CLK26 ) on Thursday closed up +4.16 (+4.61%), and May RBOB gasoline (RBK26 ) closed up +0.1238 (+4.18%). Crude oil and gasoline prices rallied sharply on Thursday amid skepticism about a ceasefire in Iran. Crude prices also rose on a report from Axios on Thursday that...

Barchart

Are Beans Going to Trade in the Teens?

Soybean futures have been rallying since mid-January 2026. While the price reached nearly $12.40 per bushel, it corrected sharply on March 16 to near the $11.45 level. Several factors will determine if beans can trade in the teens during the 2026 crop year.

The Guardian - UK

The Guardian view on China and Iran: the war poses bigger questions for Beijing than where to get its oil

Editorial: The limits of its partnership with Tehran are unsurprising. But this conflict raises broader issues for the superpower

Latin Times

Russia Confirms It's Sending Oil To Cuba In Defiance Of U.S. Blockade: 'We Are Providing Humanitarian Support'

Russian Energy Minister Sergei Tsivilev confirmed that the country is sending fuel to Cuba, effectively defying the U.S. blockade on the island's private sector.

Barchart

Crude Oil Strength Pushes Sugar Prices Sharply Higher

May NY world sugar #11 (SBK26 ) on Thursday closed up +0.32 (+2.06%), and May London ICE white sugar #5 (SWK26 ) closed up +5.60 (+1.23%). Sugar prices rallied sharply on Thursday, with NY sugar posting a 5.5-month high. Sugar prices rallied in sympathy with Thursday's +4% surge in crude...

Euronews

Swedish prosecutors seek prison for oil executives over alleged Sudan war crimes

Prosecutors said the accused men were complicit because Lundin Oil had entered into agreements with Sudan's government to make the military responsible for security.

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Mohammad Bagher Ghalibaf

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