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The Latest Breaking News from Oil

Israeli strikes on Tehran oil depot highlight gaps in international law

One of the most alarming incidents to occur in the United States-Israel war against Iran was the recent bombing of a fuel depot in Tehran. Harrowing images showed toxic black smoke blanketing the skies above the city. Residents reported difficulty breathing and burning eyes and turned to wearing face masks.

The Conversation

Sugar Prices Climb on Strength in Crude Oil

May NY world sugar #11 (SBK26 ) today is up +0.28 (+1.97%), and May London ICE white sugar #5 (SWK26 ) is up +11.40 (+2.76%). Sugar prices are climbing today, with London sugar posting a 1-week high as higher crude oil prices encourage the world's sugar mills to boost ethanol...

Barchart

Macron says France could join Hormuz ship escorts once situation 'calmer'

The French president rejected US President Trump's calls for immediate action to reopen the key oil route, but said an international escort mission could be considered once fighting subsides.

Euronews

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Crude Oil Prices Gain as Iran Renews Attacks on Middle East Energy Infrastructure

April WTI crude oil (CLJ26 ) today is up +1.41 (+1.51%), and April RBOB gasoline (RBJ26 ) is up +0.0849 (+2.83%). Crude oil and gasoline prices are moving sharply higher today, with gasoline posting a 1-week high. Energy prices are rising amid renewed attacks on key energy infrastructure in the...

Barchart

Airline Stocks Have Been Hard Hit by Iran War, but Citi Is Betting Big on These 2 Names

Citi says Delta and SkyWest are the least sensitive airlines to shocks in oil prices.

Barchart

Rick Scott Says He Wants Oil Prices To Come Down But It's More Important To Dismantle The Iranian Regime: 'I Don't Want To Die'

Florida Senator Rick Scott said he wants oil prices to come down in the U.S. but it's more important to dismantle the Iranian regime first.

Latin Times

Stocks Climb on Strength in Chip and Travel Stocks

The S&P 500 Index ($SPX ) (SPY ) today is up +0.64%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.59%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.80%. March E-mini S&P futures (ESH26 ) are up +0.57%, and March E-mini Nasdaq futures...

Barchart

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I never gelled with hair oils, until I tried Aveda's Miraculous Concentrate - now I'm hooked

Oils always left my fine hair looking greasy and flat, but this Aveda formula has completely changed the game

Woman & Home

'Oldest Ally' or Not, Starmer Defies Trump with UK Out of Iran Conflict—'Will Not be Drawn Into Wider War'

Prime Minister Keir Starmer has rejected President Trump's calls for UK military intervention in the Iran conflict, prioritising regional de-escalation over the 'Oldest Ally' alliance.

International Business Times UK

Stocks Supported by Lower Bond Yields

The S&P 500 Index ($SPX ) (SPY ) today is up +0.80%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.88%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.93%. March E-mini S&P futures (ESH26 ) are up +0.73%, and March E-mini Nasdaq futures...

Barchart

Countries slash workweek and enact strict AC and elevator bans in ‘energy triage’

Analysts warn the same hard choices could soon spread as countries compete for scarce supplies

The Independent UK

UK in ‘better place’ to handle Iran war thanks to Chancellor, PM tells ministers

Tuesday’s Cabinet meeting took place in the middle of the war’s third week, with oil prices remaining above 100 US dollars (£75) per barrel.

Evening Standard

Is Asia’s energy lifeline on the line due to tensions in the Strait of Hormuz?

Countries across Asia are scrambling to contain surging energy costs and fuel shortages as disruptions in the Strait of Hormuz threaten supplies.

Euronews

Would more North Sea drilling lower UK energy bills? Our analysis says no

As the Middle East conflict intensifies and oil and gas prices swing wildly, the UK has seen renewed calls to drill more in the North Sea. The argument is straightforward: if Britain produces more of its own oil and gas, household energy bills should fall.

The Conversation

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The Guardian - UK

How Pakistan’s people-led solar boom is easing impact of Middle East energy crisis

Falling costs and government incentives make solar an attractive option for many, reducing need for gas

Fortune

Current price of oil as of March 17, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Euronews

Ukraine accepts EU inspection to Druzhba hoping to lift Hungarian veto on €90bn loan

Brussels says Ukraine has accepted an external inspection on the controversial pipeline, even days after President Zelenskyy called it "blackmail". The shift could offer an off-ramp for Hungary to lift its veto.

Barchart

Cotton Showing Green Early on Tuesday

Cotton prices are up 24 to 34 points so far on Tuesday morning. Futures posted Monday gains of 206 to 234 points across the front months at the close, as traders came out of the weekend with a better feeling on the Chinese situation. Crude oil was down $4.49 to...

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Barchart

Soybeans Getting an Early Turnaround Tuesday Bounce

Soybeans are trading with 4 to 7 cent gains so far on Tuesday morning as new crop November us up 12 ½ cents. Futures were down 60 to the 70 cent limit on Monday across the front months. Expanded limits of $1.05 are set for Tuesday. Open interest was down...

Euronews

Iran war: Europe's corporate winners and losers revealed

As the conflict in Iran enters its third week, the market is telling a stark story — one of energy windfalls and industrial ruin, drawn along a single fault line: proximity to oil.

Fortune

The next energy superpower will make its own fuel

The upcoming era of energy security is shifting from possession to production.

International Business Times UK

Ray Dalio Says US Will Lose The War With Iran if It Fails to Break the Strait of Hormuz Blockade

Billionaire investor Ray Dalio warns that the United States risks an 'empire-ending' defeat and the collapse of the petrodollar if it fails to break Iran's blockade of the Strait of Hormuz.

Fortune

A market correction of 10% could be on the cards as consumer psychology shifts due to gas prices, says top economist

"The key issue is not simply crude oil itself. It is gasoline, the most visible price in the economy for consumers, and when that price jumps it hits psychology immediately."

The Independent UK

How countries are cutting deals with Iran to move oil through the Strait of Hormuz – and undermine Trump

IN DEPTH: The sea channel has become perilous for oil tankers since Iran claimed control of it during the war. But experts tell Bryony Gooch that Tehran may be willing to grant safe passage to countries willing to engage in diplomacy

The Guardian - UK

First Thing: Israel says Iran’s security chief Ali Larijani killed in airstrike

It would make Larijani the most senior Iranian figure to be killed in the war since Ali Khamenei. Plus, Oakland homicides down 48% from Covid peak

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