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The Latest Breaking News from Oil

Iran's unrelenting attacks on Mideast shipping and energy infrastructure send oil prices soaring

Unrelenting Iranian attacks on shipping traffic and energy infrastructure again pushed oil above $100 a barrel

The Independent UK

War creating 'largest' oil shock in history as Iran hits new Gulf targets

The Middle East war is creating the biggest oil supply shock in history, the International Energy Agency warned Thursday, as Iran launched a new wave of attacks against Gulf energy targets that sent prices spiking above $100 a barrel.

Radio France Internationale

Iran-US war latest: Trump says strikes have ‘obliterated’ military targets on vital oil hub island

Kharg Island is the linchpin of Tehran’s oil industry

The Independent UK

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European drivers face €220 a year jump in fuel costs due to Iran conflict, say experts

Exclusive: Oil at $100 a barrel means higher prices in the EU and UK, making savings for those with electric vehicles even greater, analysts say

The Guardian - UK

Ukraine-Russia war latest: Europe condemns Trump’s oil sanctions move as Zelensky bemoans Middle East conflict

Zelensky says Trump’s move could net Moscow as much as $10bn to support Putin’s war on Ukraine

The Independent UK

Top Iranian nuclear scientists killed, Israel says – as it happened

This live blog has now closed

The Guardian - AU

Oil prices soar past $100 a barrel amid Iranian attacks on commercial ships

The latest attacks marked an escalation in Iran’s campaign aimed at generating enough global economic pain to pressure the United States and Israel to end the war that started 12 days ago. But there were no signs that the conflict was subsiding.

Euronews

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Iran war enters day 13: Missiles fly, tankers burn, oil prices soar; what’s happening in Middle East?

A coordinated US-Israel strike on Iran has ignited a full-blown regional crisis. Following Ayatollah Khamenei's death and his son's succession, Iran has intensified attacks on US and Israeli targets, expanding the conflict to the UAE and Bahrain. Hezbollah has also joined the fray, escalating regional instability and impacting global trade.

The Times of India

Australia relaxes petrol standards for 60 days as NSW premier warns of fuel shortage at hospitals

Chris Minns says ‘no need for panic buying’ as state government considers emergency supplies and impact on critical services

The Guardian - AU

The Latest: Key oil price spikes over $100 as Iranian attacks hit shipping

The price of Brent crude oil, the international standard, spiked back over $100 as Iranian strikes hit ships in the regions waters and the ongoing American-Israeli war with Iran showed so signs of slowing

The Independent UK

Watch: Video shows huge blaze after blasts hit oil tankers off Iraq’s Basra coast

A deadly explosion rocked two oil tankers in the Persian Gulf off Iraq's Basra coast, with officials suspecting an attack by Iranian boats. The blasts ignited massive fires, forcing the evacuation of 38 foreign crew members. This incident escalates regional tensions and threatens vital global oil supply routes, particularly the…

The Times of India

Asia scrambles to confront energy crisis unleashed by Iran war – with no end in sight

From fuel caps to four-day work weeks, the Middle East conflict has left the world’s top crude oil importing region desperate to shore up supplies

The Guardian - AU

Nations will release an extra 400 million barrels of oil to the market. All we need to do now is not panic at the pump

Despite being one of the world’s top exporters of fossil fuels (coal and gas), Australia has little left of its own oil. Neither does New Zealand.

The Conversation

Fuel supply boosted as oil price threatens record highs

The government has temporarily lowered Australia's fuel quality standards to boost supplies as the war in the Middle East disrupts global markets.

AAP

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inkl

A Complete Guide to Abyssinian Oil

Do you want to upgrade your skin or haircare routine? Do you need something that's non-greasy, lightweight, and easy to use? Let us introduce you to Abyssinian oil.

Fortune

Asia rolls out four-day weeks and work-from-home as emergency measures to solve a fuel crisis caused by Iran war

The energy crunch is forcing governments to adopt extreme measures to save fuel; in Thailand, government employees are being asked to take the stairs.

AAP

Aussie shares tumble as oil spikes after tankers struck

Oil prices have surged as the Middle East conflict escalates, overshadowing a plan to release millions of barrels of crude reserves to shore up supply.

The Independent UK

Starmer pledges that home heating oil costs must be ‘fair’ amid Middle East crisis

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Axios

Calls grow for Strait of Hormuz ship escorts as Iran escalates attacks

There are about 20,000 seafarers currently working on ships in the Persian Gulf, expert notes.

Evening Standard

Starmer warns against profiteering as Trump vows to ‘finish the job’ in Iran

Threats from Tehran have choked shipping through the Strait of Hormuz, a vital artery for global oil and gas supplies.

The Guardian - US

Trump news at a glance: Trump says war is won but ‘we don’t want to leave early’ as oil prices rise again

Trump continues contradictory messaging on Iran; US will release 172m barrels of oil from strategic supplies. Key US politics stories from 11 March

The Times of India

Explosions at Oman's Salalah port: Iran drones hit fuel storage oil tanks? Tehran denies role as war with US-Israel engulfs Middle East

Drones struck Oman's Port of Salalah on March 11, 2026, igniting fuel tanks and disrupting vital shipping routes. This attack, part of a wider regional escalation involving Iran, the US and Israel, highlights the growing threat to Gulf energy infrastructure and global trade. The incident underscores the conflict's expansion beyond…

The Guardian - AU

Ukraine war briefing: row between Kyiv and Hungary over pipeline carrying Russian oil deepens

Budapest said it had dispatched a delegation for talks, only for Kyiv to deny the group had official status; Ukraine drone experts work in the Gulf. What we know on day 1,478

International Business Times UK

'I Miss My Uncle Joe': Trump Voter Recalls 'Calmer' Days When Biden was President

A Trump supporter in Florida expresses nostalgia for Biden's presidency, citing calmer times amid rising oil prices.

Pedestrian.tv

Australian Petrol Prices Set To Skyrocket After Strikes In Strait Of Hormuz

Australians are being warned to brace for higher petrol prices as attacks on ships in the Strait of Hormuz choke global oil supplies.

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