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The Latest Breaking News from Oil

Five European nations and Japan ready to 'contribute' to securing Hormuz

The conflict around the Strait of Hormuz is starting to draw in global powers, as disruptions to shipping and energy flows raise concerns about wider economic fallout.

Euronews

Work from home and slow down on the road: world’s energy watchdog advises emergency measures as oil prices rise

IEA makes 10 recommendations to help households and businesses prepare for a drawn-out disruption to energy markets

The Guardian - AU

The Iran oil shock: Who pays the most fuel tax in Europe?

Fuel prices across Europe are soaring, with taxes making up more than half of the cost at the pump in many countries. Euronews Business examines how differences in taxes mean motorists in some countries now pay far more at the pump than others.

Euronews

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The 12 viral TikTok egg recipes everyone is trying right now

From Korean soy-marinated ‘mayak’ eggs to Cajun egg boils and Japanese tamago kake gohan, TikTok has turned the humble egg into one of the internet’s most viral ingredients. Here are the 12 egg trends currently taking over social media – and how to make them at home

The Independent UK

Iran hits Kuwaiti oil refinery and explosions boom over Tehran from Israeli attack

A Kuwaiti oil refinery has been hit as Iran launches new attacks on regional energy infrastructure

The Independent UK

Okay, I've Been Seriously Overlooking Soho Home as a Place to Buy Original Art — And No Curator Required, the Hard Work Has Been Done for You

Finding stylish, original artwork for your home is easier than ever with this shoppable curation

Livingetc

The war in Iran raises pressure on Ukraine while Russia prepares new offensives

With U.S.-brokered Ukraine peace talks on hold due to the war in the Middle East, Russian President Vladimir Putin is expected to try to expand his military gains via new offensives against his southern neighbor that will put even more pressure on Kyiv

The Independent UK

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Oil prices ease and Asian shares are mixed as energy supply worries over Iran war remain

Asian shares have been mixed following losses on Wall Street, and oil prices have pared earlier gains on the intensifying Iran war, falling back to around $107 per barrel after briefly surging to about $119 a barrel on Thursday

The Independent UK

Iran continues targeting energy sites: Key Kuwait oil refinery on fire again after drone strike

Kuwait's Mina Al-Ahmadi oil refinery faced another Iranian drone attack on Friday. Fires erupted at several units. This follows a similar incident a day earlier. Firefighters are working to control the blaze. The attacks are part of a wider escalation in the Gulf region. Energy supplies and global markets are…

The Times of India

‘Really significant’: analysts warn top fuel suppliers could cut exports to Australia

Energy minister says he is not aware of any cuts to imports from Malaysia, but expert says warnings are ‘really significant’

The Guardian - AU

Energy fallout from Iran war signals a global wake-up call for renewable energy

The Iran war is exposing how much the global economy still depends on fragile fossil fuel supplies

The Independent UK

Why Middle East gas field attacks could send energy prices soaring

Israel’s bombing of Iran’s South Pars gas field has sent shockwaves through global energy markets.

The Conversation

Iran-US war latest: Tehran threatens to ‘completely close’ Strait of Hormuz after Trump issues 48-hour ultimatum

Donald Trump’s 48-hour ultimatum over the Strait of Hormuz has been met with threats from Iran

The Independent UK

New video shows moment Iranian missiles struck Haifa refinery, Israel’s largest oil hub

A video has emerged of Iran's missile strike on an oil refinery in the Israeli port city of Haifa, as the Middle East war entered its 21st day on Friday.

The Times of India

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The Guardian - AU

Reliant on imported fuel, Pacific islands appeal for help as oil prices surge

Samoa and Tonga raise supply concerns with foreign partners as businesses and residents in Papua New Guinea grapple with higher fuel prices amid the Iran war

The Conversation

The silver lining in Europe’s deforestation law delay: A chance to build fairer supply chains

When you reach for a “palm-oil-free” label at the supermarket, you likely feel you’re doing your part to save orangutans and protect biodiversity. However, the reality behind that label is more complex than it appears.

inkl

The UAE’s Energy Playbook Is Paying Off Amid Global Turmoil

As global energy markets enter an unprecedented crisis, the world’s attention instinctively turns to the largest traditional producers

The Guardian - AU

China has been preparing for a global energy crisis for years. It is paying off now

As other Asian economies race to conserve energy, China has huge reserves of oil and gas as well as alternative energy sources like wind and solar

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Bangkok Post

Fuel shortages continue despite adequate reserves

Fuel remains scarce at many service stations across Thailand, even though reserves are more than adequate, amid continuing problems with delivery and unusually high demand, officials said on Thursday.

The Times of India

Iran missile hit oil refineries in Haifa, 'no significant damage', says Israeli official

An Iranian missile strike targeted Israel’s northern port city of Haifa on Thursday, hitting oil refineries, though officials said the impact was limited.

The Guardian - US

US may remove sanctions on Iranian oil stranded in tankers, treasury secretary says

Scott Bessent says actions will increase oil supply and bring down prices, but long-term effects in question

The Independent UK

Starmer acknowledges ‘pressure on families’ as costs rise amid Iran war

The Iran war has sent oil and gas prices soaring, putting further pressure on already-stretched household budgets in the UK

Euronews

Belgium: EU leaders meet as Ukraine loan remains blocked

EU leaders show unity but fail to approve €90bn loan for Kyiv as Hungary’s Viktor Orban vetoes over oil transit dispute with Ukraine.

Saving Advice

The $100 Barrel Shock: Why Your Next Plane Ticket Could Cost 65% More Than Last Year

If you’ve searched for flights recently and felt sticker shock, you’re not alone. Travelers across the U.S. are seeing airfare jump dramatically compared to last...

Barchart

Cotton Falls Back on Thursday

Cotton futures found some weakness on Thursday, with contracts down 21 to 103 points across the board. Crude oil was down $1 on the day to $95.32, with the US dollar index down $0.870 to $99.22. The Export Sales report from Thursday morning showed a total of 196,691 RB of...

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