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The Latest Breaking News from Oil

French soldier killed in Iraq as Iran war fallout continues to spread across region

Saudi forces intercepted more than two dozen drones on Friday after renewed Iranian threats against oil facilities, as the regional conflict killed a French soldier in Iraqi Kurdistan.

Euronews

Trump news at a glance: president shrugs off highest gas prices in years

Trump claims US makes ‘a lot of money’ when oil prices go up, but rising costs could become political liability – key US politics stories from 12 March

The Guardian - US

The Latest: US hits Iran with intense strikes as Iranian air campaign drives oil prices higher

As American and Israeli strikes pound the Islamic Republic and Iran attacks Persian Gulf shipping and energy infrastructure with no sign of an end to the war, oil prices have soared back above $100 a barrel

The Independent UK

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Newsom trolls Trump as Putin’s pup after US lifts sanctions on Russian oil during Iran war

As oil prices hit $100 a barrel again Thursday, the Treasury Department said it would allow countries to purchase Russian oil ‘currently stranded at sea’

The Independent UK

‘Acknowledging the obvious’: Russia reacts to US waiver on oil amid Iran war

Russia asserted that global energy markets cannot be stable without its oil, following a US temporary allowance for Russian crude sales already in transit. This move occurred as oil prices surged amid escalating conflict involving Iran, Israel, and the US, with Iran warning of retaliatory attacks on regional energy infrastructure.

The Times of India

Iran war and rising fuel costs could boost Panama Canal traffic, administrator says

The Panama Canal's administrator says the war in the Middle East and higher fuel prices make the canal more appealing for shippers

The Independent UK

Asia shares mostly lower and oil hovers around $100 a barrel over Iran war worries

Asia shares are mostly lower, tracking Wall Street losses, while oil prices hover around $100 per barrel

The Independent UK

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More than $200b evaporates from Aussie market since war

The Middle East war continues to wreak havoc on equities as surging oil prices hammer global growth hopes and light a match under inflation expectations.

AAP

Ukraine war briefing: Putin envoy says US better understands importance of Russian oil amid energy crisis

Russian negotiator Kirill Dmitriev describes negotiations with Steve Witkoff and Jared Kushner as ‘productive’. What we know on day 1,479

The Guardian - AU

Oil, petrol, gasoline: a chemical engineer explains how crude turns into fuel

As the US–Israel war on Iran escalates, so too does the global oil crisis.

The Conversation

Yvette Cooper continues Saudi visit as Iran threatens to block key oil route

The Foreign Secretary arrived in the country on Thursday in a show of solidarity with Gulf states hit by Iran’s retaliation to US-Israeli strikes.

Evening Standard

As Crude Oil Prices Whipsaw, Buy These 3 High-Yield Dividend Stocks Now

With WTI swinging as high as $119 before settling in the mid‑$90s on Hormuz disruption, Westlake Chemical Partners, SunCoke Energy, and AngloGold Ashanti give income investors a rare combination of high yields, low betas, and real‑asset exposure that can cushion portfolios if energy-driven volatility sticks around.

Barchart

US navy will escort oil tankers through Strait of Hormuz despite Iran threats, says treasury secretary

Scott Bessent said Chinese tankers have passed through the Strait in what he claimed was a sign Tehran ‘have not mined’ the passage

The Independent UK

Soybeans Hold onto Thursday Rally

Soybeans slipped back from the midday highs, as contracts were still 2 ½ to 13 ¼ cents higher, led by the front months. The cmdtyView national average Cash Bean price was up 13 1/4 cents at $11.52 1/4. Soymeal futures were up $1.90 to $4.80, with Soy Oil futures were...

Barchart

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Barchart

Cotton Closes with Slight Gains on Thursday

Cotton futures saw mostly higher trade at Thursday’s close, as may was the exception down 3 points, with the rest up 7 to 25 points. Crude oil was up $9.15 to $96.40, with the US dollar index up $0.535 to 99.760. Export Sales data showed 253,177 RB of cotton sold...

Barchart

Corn Closes with Thursday Gains

Corn futures closed the Thursday session with contracts fractionally to 4 cents higher across the board. March expires on Friday. The CmdtyView national average Cash Corn price was up 2 1/4 cents to $4.19 ¾. Crude oil was up another $9.15 on Thursday to add to some spillover support. Export...

MarketBeat

Chevron Hits New Highs Due to Oil's Rally, But Is It Sustainable?

Chevron has hit record highs thanks to soaring oil prices, but easing tensions or government intervention could quickly take the steam out of the rally.

The Times of India

Middle East news: HSBC makes bold GCC prediction as Iran vs US-Israel war rattles markets and oil prices surge

Despite escalating Iran vs US-Israel war, HSBC reaffirms strong confidence in GCC economies, signalling global banks are not retreating. The region's diversified economies, fiscal strength and strategic location continue to attract capital, even as markets grapple with conflict-driven volatility and energy price surges. Financial hubs like Dubai and Abu Dhabi…

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Barchart

Eon Resources Stock Jumps on Oil Hedging Announcement. Is High-Flying EONR a Buy Here?

Eon Resources stock skyrocketed as the company announced expansion of its oil hedging program. Here’s why EONR shares still remain unattractive to own in 2026.

Euronews

Global Baku Forum opens with Iran war raging across the border

As a supplier of gas to the EU, Azerbaijan has been increasing its deliveries to help fill the gap from the shutdown of the shipments from the Gulf as a result of the Iran war, said President Ilham Aliyev's chief foreign policy advisor.

Barchart

Stocks Slump on Iran War and Credit Woes

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -1.52%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -1.56%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.73%. March E-mini S&P futures (ESH26 ) fell -1.49%, and March E-mini Nasdaq futures...

Kiplinger

Dow Dives 739 Points as Oil Prices Spike: Stock Market Today

Surging oil prices sparked another volatile session for stocks on Thursday – and exacerbated worries of rising inflation.

Latin Times

Venezuela Scrambles to Lure Oil Experts Back Home as U.S. Pushes to Revive Industry: 'We're Already in a War for Talent'

Venezuela's effort to revive its oil industry faces a critical obstacle: a shortage of skilled workers after decades of economic collapse and political turmoil drove thousands of engineers, geologists and technicians abroad, a new report details.

Fortune

Exxon, Chevron, and other US oil and gas producers and refiners hit all-time-high stock values amid Iran war while consumers pay the price

The U.S. aims to fill gaps in global oil and gas demand from the Iran war, but big worldwide shortfalls mean big profits.

The Guardian - AU

Morning Mail: Iran vows to fight on, capital gains tax benefit in wealthy suburbs, drone surveillance fears

First message in the name of new supreme leader says Iran will continue oil blockade; richest Australians take bulk of CGT discount, report says

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