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The Latest Breaking News from Oil

Asian shares skid as oil tops $111 a barrel and Wall Street slumps

Shares have retreated in Asia after a slump on Wall Street as oil prices shot over $110 a barrel

The Independent UK

RBA frets over severe global shock from Middle East war

Spillover from the Iran war and an uptick in risky lending to first-home buyers could threaten Australia's financial stability, the Reserve Bank warns.

AAP

UAE slams Iran’s ‘terrorist attack’ as missiles target Abu Dhabi's Habshan gas facility, Bab oil field: Calls it ‘dangerous escalation’ amid war with US-Israel

Iran targeted the UAE's Habshan gas facility and Bab oil field. UAE air defence intercepted the threats. No casualties were reported. The UAE strongly condemned the attack, calling it a dangerous escalation. This incident highlights the growing vulnerability of critical energy infrastructure. Energy itself has become a battlefield in the…

The Times of India

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Russian oil tanker heading to Cuba amid US economic blockade

Vessel with 730,000 barrels of crude set to reach Cuba on 23 March, according to maritime data, after Donald Trump said he expects to have ‘honour of taking’ country

The Guardian - AU

Soaring gas prices prompt Trump to ease oil tanker rules – how waiving the Jones Act affects what you pay at the pump

The Trump administration temporarily suspended the Jones Act on March 18, 2026, as part of its efforts to bring down soaring U.S. gasoline prices.

The Conversation

Aussie shares plunge, oil prices spike as war escalates

The Australian stock market has fallen to its lowest level since November, with heavy losses for goldminers as the yellow metal fell to $US4,850.

AAP

First lease sale in Alaska petroleum reserve in years draws strong interest despite pending lawsuits

The first oil and gas lease sale held in years in the National Petroleum Reserve-Alaska has been touted by officials as the strongest to date

The Independent UK

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Reform UK Scotland to launch ‘unashamedly ambitious’ Holyrood manifesto

The party’s plan is to reintroduce North Sea oil and gas as Scotland’s primary energy source.

Evening Standard

Australia is too dependent on fuel imports – what could be done about it?

The government has a roadmap to electrify transport and support alternative fuels by 2050, but the war in Iran and soaring prices means a plan is needed in weeks, not decades

The Guardian - AU

Cotton Slips Lower on Wednesday

Cotton 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 sales on 15,400 bales on 3/17, averaging 64.28 cents/lb. The Cotlook...

Barchart

Ruben Gallego Wants Energy Department To Elaborate On Its Oil Reserve Release Plan

Last week, the DOE announced a plan to release 172 million barrels of oil as part of a broader planned release of 400 million barrels from various member governments of the International Energy Agency.

Latin Times

About 90 ships crossed Strait of Hormuz despite war, finds report

HONG KONG: About 90 ships including oil tankers have crossed the Strait of Hormuz since the outset of the war with Iran and it is still exporting millions of barrels of oil at a time when the waterway has been effectively closed, according to maritime and trade data platforms. Many…

The Times of India

Hyundai owners might want to check their oil after this viral mechanic video

Prevention is better than cure.

We Got This Covered

The Highest-Rated Healthcare Stock to Buy Now to Hedge Against Oil Price Shocks

Amid oil-driven volatility, investors lean on resilient sectors, with Boston Scientific Corporation now standing out as a steady defensive healthcare play.

Barchart

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The Independent UK

‘Extensive damage’ to Qatar refinery after Iran revenge strikes

IN FULL

Barchart

Stocks Sharply Lower on Iran War and Hawkish Powell

The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed down -1.36%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -1.63%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.43%. March E-mini S&P futures (ESH26 ) fell -1.42%, and March E-mini Nasdaq futures...

Fortune

It's almost inexplicable why oil prices aren't much higher. But here's why markets are ‘resilient’ so far despite the biggest energy supply shock ever

Crude oil prices have surged more than 70% this year, but there's the potential to go much higher to new records.

The Mary Sue

China’s icy silence on Trump’s Strait of Hormuz plea exposes a terrifying truth about his global standing

China has remained completely silent on President Donald Trump’s recent request for help reopening the Strait of Hormuz, which has been largely closed due to the ongoing conflict with Iran. This lack of response comes as the president has been actively seeking international military support to secure the vital waterway.

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Radio France Internationale

Congo's Sasso Nguesso re-elected president in tightly controlled vote

The Republic of Congo’s President Denis Sassou N’Guesso has been re-elected with nearly 95 percent of the vote, according to provincial results, extending his nearly 42-year rule over the Central African oil-rich country.

The Times of India

Qatar gas hub hit by missile, fire erupts at key LNG facility: Ras Laffan attack shakes global energy markets amid Iran vs US-Israel war

A missile attack on Qatar's vital gas facility, a shared energy lifeline with Iran, has triggered a fire and damage, escalating the ongoing Iran vs US–Israel war. This strike targets critical global energy infrastructure, raising fears of widespread supply disruptions and economic instability. The incident marks a dangerous shift towards…

Kiplinger

Dow Slides 768 Points on Inflation Fears: Stock Market Today

Nobody knows what's going to happen in the Middle East, including the White House and the Federal Reserve.

Barchart

Dollar Gains on Weak Stocks and Hawkish Fed

The dollar index (DXY00 ) on Wednesday rose by +0.51%. The dollar recovered from early losses today and turned higher after US Feb producer prices rose more than expected, a hawkish factor for Fed policy. Also, signs of escalation in the Iran war knocked stocks lower and boosted liquidity demand...

MarketBeat

3 Boring Infrastructure Stocks That Could Beat the Market in 2026

These 3 Canadian infrastructure stocks offer steady cash flow, dividends, and upside potential to outperform the market in 2026

The Guardian - UK

Middle East war: why tit-for-tat attacks on gasfields are a major escalation

Strikes on South Pars and Ras Laffan are first time fossil fuel energy production facilities have been hit. Why is it significant?

Axios

Fed keeps rates on hold, Powell says he will remain in place until successor confirmed

The Iran war's oil shock is creating uncertainty for Fed policymakers.

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