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The Latest Breaking News from Oil

Politics latest: Reeves’ energy bill support plan branded ‘unbelievably weak’ and ‘waste of time’

Zak Polanski says chancellor ‘does not understand the scale of the cost of living crisis about to hit this country".

The Independent UK

FTSE 100 Live 24 March: Shares mixed as oil tops $100, manufacturing costs soar

The oil price today stayed above $100 a barrel amid mixed signals over the Middle East conflict.

Evening Standard

Iran launches strikes against Israel and Gulf states after denying talks with US

Tehran continued to launch strikes against targets in the region, after denying the US president's claims of "very good" talks between the two sides to end the Iran war.

Euronews

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US-Iran War Update: Could Trump's 'Strait of Hormuz Will Open Soon' Claim Signal a Peace Overture or a Bluff?

President Trump's potential peace move with Iran and its impact on the Strait of Hormuz. How this could affect global oil prices

International Business Times UK

Weaponising Strait of Hormuz is 'economic terrorism': UAE minister warns of global fallout

Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC) said on Monday that weaponising the Strait of Hormuz is an act of 'economic terrorism' while highlighting the global consequences that affect far…

The Times of India

Spring has arrived: These are the vegetable recipes to cook right now

As British spring begins, it’s time to swap slow winter cooking for something fresher. These simple recipes – from a bright asparagus tart to a rustic galette and a classic quiche – make the most of the season’s best vegetables, with just enough richness to still feel satisfying

The Independent UK

Australia has plenty of diesel for now. But running out could upend our economy

It’s been hard to ignore growing fears of a looming fuel shortage in Australia. Conflict in the Middle East has led to what the International Energy Agency has called the “largest supply disruption in the history of the global oil market”.

The Conversation

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Japan to begin biggest-ever oil release from national reserves as Middle East energy crisis bites

PM Sanae Takaichi says about 80m barrels of stockpiled oil to be provided to refiners – equivalent to 45 days of domestic demand

The Guardian - AU

Iran-US war latest: Oil prices fall after Trump offers ‘15-point’ peace plan and rules out Iran nukes

The Pentagon reportedly ordered about 2,000 soldiers from the 82nd Airborne Division to begin moving to the Middle East

The Independent UK

Major explosion at Texas oil refinery sparks huge fire as locals told to shelter

Officials confirmed that no injuries were reported despite the dramatic scenes

The Independent UK

UK urged to boost oil and gas production from North Sea

IN FULL

The Independent UK

‘We consider every mile we drive’: how fuel shortages are affecting readers worldwide

From a shop owner in India to a community worker in New South Wales, rising fuel prices are forcing people to ration oil usage

The Guardian - UK

Trump’s ‘very good’ talks with Iran buy him time with oil and energy markets

Tehran denied negotiations that delayed US strikes and Trump was vague on the details, but talks signal renewed push for peace from regional powers

The Guardian - UK

Ministers rebuff trade body’s call to boost North Sea oil and gas production

Government emphasises need to ‘get off the rollercoaster of fossil fuel markets’ in response to Offshore Energies UK

The Guardian - UK

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The Independent UK

Chancellor urged not to ‘leave citizens in the cold’ over rising bills

The US-Israeli offensive against Iran saw a spike in oil prices.

Evening Standard

UK ‘urgently’ needs more domestic oil and gas from North Sea, trade body says

A report by Offshore Energies UK warned maintaining domestic supply is essential for energy security and affordability.

The Independent UK

UK warned it must ‘urgently’ drill in North Sea to boost oil and gas supplies

A new report from OEUK urges the British Government to safeguard the nation's energy supply amid global instability

The Guardian - US

California sues Trump energy department over revival of controversial oil pipeline

Attorney general decries ‘outrageous federal overreach’ after government restarted pipeline closed over 2015 spill

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news in one place.

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The Independent UK

Pentagon weighs sending in 3,000 troops to help Iran war, including potentially seizing main oil hub: report

Senior Pentagon officials may reportedly deploy the Army’s 82nd Airborne Division’s ‘Immediate Response Force’ to help in the US-Israeli military campaign against Iran

Barchart

Soybeans Sees Monday Strength

Soybeans posted gains of 2 ¼ to 7 ¼ cents in the front months on Monday. The cmdtyView national average Cash Bean price was up 3 3/4 cents at $10.90 1/4. Soymeal futures were down $1.00 to $2.00, with Soy Oil futures up 7 to 26 points. Bean oil was...

MarketBeat

3 Smart Investments If Interest Rates Stay Higher for Longer

With the Fed signaling higher rates for longer, investors should consider ETFs and stocks like VNQI, MLPX, and EQIX that can perform amid persistent inflation

Evening Standard

Irish Government to cut excise duty on petrol and diesel amid high energy prices

A diesel rebate scheme for hauliers and bus operators is also expected, which will be backdated.

Fortune

Putin is the real winner in Trump’s Iran war as it puts Russian oil back on the map

Washington's attempt to stabilize oil markets may be fueling the one economy it spent years trying to cripple.

International Business Times UK

Trump Caught Lying? Iranian Official Debunks POTUS' 'Very Good and Productive Talks' Claims

Iranian official denies any negotiations with the US, contradicting Trump's claims of 'productive talks' aimed at easing Middle East tensions.

Barchart

Stocks Sharply Higher as President Trump Seeks to End Iran War

The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +1.15%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.38%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.22%. June E-mini S&P futures (ESM26 ) rose +1.14%, and June E-mini Nasdaq futures...

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