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The Latest Breaking News from Oil

BoE delivers message Britons don’t want to hear as inflation – and rates – look set to rise

Decision to hold interest rates is backed by gloomy assessment of economy as Iran war pushes up oil prices

The Guardian - UK

Flights alert: UK issues global travel disruption warning over Donald Trump’s Iran war

Airlines and passengers have been told about potential flight cancellations and delays over the Easter holidays

Evening Standard

US Markets Crash After Fed Keeps Rates Unchanged as Oil Price Shock Amid the Middle East Conflict Plays Out

Crippled energy infrastructure in the Middle East continues to drive up price and compels the US Fed to keep rate unchanged.

International Business Times UK

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Bank of England holds rate at 3.75% amid Iran war inflation fears

The Bank of England has held its main interest rate at 3.75% in the wake of rising oil and gas prices following the start of the Iran war.

Euronews

Cotton Slipping Back on Thursday Morning

Cotton prices are down 20 to 40 points early on Thursday morning. Futures crept lower into the Wednesday close, as contracts were down 1 to 18 points on the session. Crude oil was back up $3.61 to $99.82, with the US dollar index up $0.725 to $100.055. The Seam showed...

Barchart

Iran Missile Attack on Qatar's Ras Laffan Threatens Global LNG Supply and Energy Security

Iran's missile attack on Qatar's Ras Laffan Industrial City, a key LNG hub, raises urgent global energy security concerns amid escalating Gulf tensions.

International Business Times UK

Blackouts and rationing: The Iran crisis is our wake-up call to just how vulnerable the UK is

INTERVIEW: This latest dilemma should prompt fresh thinking about how to rely less on other nations for energy, says Octopus founder Greg Jackson. But the answer isn’t just the North Sea: oil and gas aren’t the only way to keep the lights on. If other governments are taking alternatives seriously,…

The Independent UK

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Bank of England unanimously votes to press pause on interest rates as Iran worries grow

City still thinks borrowing costs will fall – but not until later this year

The Independent UK

Stir-fries, crab cakes and carbonara: Georgina Hayden’s crab recipes

Sweet and delicate crab is a taste of spring. Here are five dishes perfect for lighter, sunnier days

The Guardian - UK

‘Sheer fantasy’: Why drilling the North Sea for oil won’t lower Europe’s soaring energy bills

Escalating conflict in the Middle East has emboldened calls for the UK to open up North Sea drilling licences.

Euronews

Iran war underscores risks of Trump's relentless focus on oil

The Iran war is underscoring the risks of President Donald Trump’s relentless focus on fossil fuels as he pursues what he calls American energy dominance

The Independent UK

Why Israel’s attack on the South Pars gas field in Iran is such a major escalation

Trump claims that he knows nothing about the Israeli strike that has prompted heavy retaliation from Tehran

The Independent UK

BP to sell German oil refinery as part of $20bn cost-cutting plan

Energy company plans full return to London by moving global HQ to new development on South Bank

The Guardian - UK

TV tonight: the horror of the devastating Sea Empress oil spill, 30 years on

A documentary charts the environmental disaster on the Welsh coast. Plus: how to make the most of supermarket loyalty schemes. Here’s what to watch this evening

The Guardian - UK

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The Independent UK

Bank of England is expected to keep main interest rate unchanged because of Iran war

The Bank of England is expected to keep its main interest rate unchanged at 3.75% in the wake of the oil and gas price hikes following the start of the Iran war

The Times of India

Russia, the quiet winner? How Middle East war may be boosting Putin’s war chest

As Middle East tensions escalate, Russia is quietly positioning itself to benefit from the ensuing chaos. While global powers focus on the conflict, Moscow is leveraging diplomacy and energy markets to expand its influence. The crisis has boosted Russia's energy revenues and shifted international attention away from Ukraine, creating a…

The Independent UK

EU leaders blast Viktor Orbán over a Ukraine loan veto, accusing him of playing election games

EU leaders are accusing Hungary’s Viktor Orbán of blocking major aid to Ukraine to score points at home ahead of elections next month

Barchart

Stocks Slip Before the Open as Oil Prices Advance, U.S. Economic Data and FedEx Earnings on Tap

March S&P 500 E-Mini futures (ESH26) are down -0.18%, and March Nasdaq 100 E-Mini futures (NQH26) are down -0.27% this morning as oil prices continued to rise amid escalating fighting in the Middle East.

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news in one place.

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The Guardian - UK

We can tell you who will really get rich from this oil crisis – and how we can stop them

Soaring oil costs signal the great transfer of wealth away from households, but also a new opportunity to redistribute it, say economists Isabella Weber and Gregor Semieniuk

International Business Times UK

Fed Keeps Rates Steady as Powell Warns Iran Oil Shock Could Boost Inflation in 2026

The Fed's decision to hold rates steady amid rising Iran oil prices impacts the economy. Explore the 2026 inflation forecast, FOMC divisions, and the effects of prolonged high borrowing costs on households.

Evening Standard

Gas prices soar as Shell plant damaged in attack on Qatar energy site

British energy giant Shell said the attack caused damage to a facility that is important to the firm.

The Independent UK

British military experts sent to US to plan reopening of Strait of Hormuz

Officers there to compile options for accessing route amid fears of mines and Iranian attacks

The Guardian - UK

Oil and gas prices jump after Iran and Israel attack gasfields

State-run QatarEnergy says Iranian attack on its facilities has wiped out 17% of its LNG capacity for up to five years

Evening Standard

Pete Hegseth blasts 'ungrateful' Europe as Trump's Iran war sparks economic chaos

US defense secretary condemns 'ungrateful' European allies for refusing to play their part in the conflict

The Independent UK

EU scrambles to contain energy costs from war in Middle East

European Union leaders are meeting to tackle soaring oil and gas prices driven by the war in the Middle East

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