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The Latest Breaking News from Oil

Cotton futures closed the Tuesday session with contracts 48 to 70 points in the green on St Patrick’s Day. Some deferred contracts were up 5 to 18 points. Crude oil was back up $2.52 to $96.02, with the US dollar index down $0.158 to $99.310. The Seam showed sales on...

Barchart

Lindsey Graham Says Trump Is Furious At Europe Over Strait Of Hormuz Snub — Oil Supply At Risk

Lindsey Graham reveals Trump's anger at Europe over the Strait of Hormuz snub, raising fears of oil supply disruption, rising prices, and a widening rift between Western allies.

International Business Times UK

DOGE cut the State Department’s oil and gas experts just months before war in Iran sent prices through the roof, report claims

‘Before any of this should have happened, there should have been discussion about what are the implications of this,’ a former State Department staffer said

The Independent UK

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US drivers see gas prices jump to their highest level since 2023 as the Iran war drags on

The Iran war has rattled the global flow of oil, with steeper fuel costs already straining households worldwide

The Independent UK

Stock Indexes Advance as Chip Makers and Travel Stocks Rally

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed up +0.25%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.10%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.51%. March E-mini S&P futures (ESH26 ) rose +0.26%, and March E-mini Nasdaq futures...

Barchart

Democrats urge windfall tax as big oil set to make billions from Iran war

Progressive and green groups join call for tax on major fossil-fuel companies to help offset rising living costs

The Guardian - US

Is Coterra Energy Stock Underperforming the S&P 500?

Coterra Energy stock has slightly lagged the broader S&P 500, but analysts remain fairly bullish about its prospects.

Barchart

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Higher Oil Prices Can't Keep Stocks Down: Stock Market Today

Stocks closed higher on Tuesday even as higher energy costs loom over the March Fed meeting.

Kiplinger

'Last of Our Concerns': Trump Economic Adviser Dismisses Consumer Concerns on Gas Price Hike

Kevin Hassett, Trump's economic adviser, downplays consumer struggles amidst rising gas prices and the US-Israeli conflict with Iran.

International Business Times UK

‘Native is lying to you’: Virginia esthetician sees Native body wash ad. Then she says the brand is fearmongering

Look at the ingredient list of any cosmetic, and you’re likely to see a lot of words you don’t recognize.

The Mary Sue

Gas Car Drivers Hit 5 Times Harder By Iran Oil Shock Than EV Owners

According to one study, rising oil prices will hit gas cars five times harder than EVs, which will see a much smaller increase in running costs.

InsideEVs

Oil flows again through controversial California pipeline after Trump order

Pipeline, closed since 2015 after huge oil spill, reopens after president cites need to boost US supply amid war on Iran

The Guardian - US

Donald Trump’s new tantrum: We don’t need anyone’s help in Iran war

The US president lashed out at his ‘foolish’ allies multiple times before insisting that the US was the most powerful country in the world and did not need any help

The Independent UK

Crude Oil Rallies as Iranian Attacks Disrupt Middle Eastern Supplies

April WTI crude oil (CLJ26 ) on Tuesday closed up +2.71 (+2.90%), and April RBOB gasoline (RBJ26 ) closed up +0.1231 (+4.10%). Crude oil and gasoline prices rallied sharply on Tuesday, with gasoline posting a 1-week high. Energy prices are rising amid renewed attacks on key energy infrastructure in the...

Barchart

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Barchart

Strength in Crude Oil Supports Sugar Prices

May NY world sugar #11 (SBK26 ) on Tuesday closed up +0.26 (+1.83%), and May London ICE white sugar #5 (SWK26 ) closed up +12.30 (+2.97%). Sugar prices moved higher on Tuesday, with London sugar posting a 1-week high as higher crude oil prices encourage the world's sugar mills to...

The Guardian - UK

Trump says US does not need Nato after being rebuffed over strait of Hormuz

Amid escalation of Middle East crisis, US president describes rejection of call for help as a ‘foolish mistake’

Clever Dude

Beard Oils Can Trigger Breakouts and These Ingredients Cause Trouble

Beard oils promise a soft, shiny mane that smells like a forest after a fresh rain, but not every drop plays nice with your skin. Some oils and additives can turn a dream beard into a breakout nightmare. That smooth, polished look might come at the cost of clogged pores,…

Barchart

Cotton Seeing Green on March 17th

Cotton futures are trading with 80 to 90 point gains on Tuesday’s midday. Crude oil is back up $2.17 to $95.67, with the US dollar index down $0.118 to $99.345. The Seam showed sales on 17,379 bales on Monday, averaging 63.71 cents/lb. The Cotlook A Index was up 70 points...

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Barchart

Soybeans Bouncing Higher on Turnaround Tuesday

Soybeans are showing a bounce on Tuesday, with turnaround action of 6 to 15 cents higher. The cmdtyView national average Cash Bean price is up 6 1/2 cents at $10.86 1/4. Soymeal futures are $0.80 to $1.00 lower in the front, with Soy Oil futures up 195 to 206 at...

The Conversation

As war raises oil prices, households pay while energy companies profit

War is costly. The ongoing American-Israeli war on Iran is already reverberating through the global economy. For most people, including American citizens, it means higher fuel prices and greater economic uncertainty.

Evening Standard

Stocks and pound rise as US rate call approaches

The FTSE 100 index closed up 85.91 points, 0.8% at 10,403.60 and the FTSE 250 was up 158.43 points, 0.7%, at 22,180.90.

The Conversation

Iran oil crisis: why NZ’s car dependence is now a strategic liability

The war in Iran and the effective closure of the Strait of Hormuz have sent oil prices past US$100 a barrel – and Kiwis flocking to fill up. Petrol just hit NZ$3 a litre and some stations have reported running dry.

Euronews

Starmer says 'we can't lose focus' on Ukraine amid Iran war during Zelenskyy visit

Zelenskyy's visit comes at a time when the Iran war has revived Russia’s ailing economy through increased oil revenue and scuttled US-brokered talks to end Russia’s invasion of Ukraine.

The Mary Sue

Trump’s disastrous diplomatic moves are creating a new reality, leaving an entire continent bracing for an unimaginable catastrophe

Africa is facing a chilling new threat as ongoing conflict in the Arab world drastically disrupts vital supply chains, leaving countries across the continent bracing for severe economic fallout. This isn’t just about oil; we’re talking about crucial fertilizer imports that many African nations depend on heavily, and the ripple…

Evening Standard

Starmer has made ‘big mistake’ on Iran stance, Trump claims

The US president also suggested the Prime Minister had not been appreciative of his efforts to strike a good trade deal with the UK.

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