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The Latest Breaking News from Oil

Oil price tops $100 again as Iran strikes economic targets across Middle East

Vast release of emergency crude reserves fails to quell mounting fears about supply crunch, rattling markets

The Guardian - UK

Starmer ‘will not tolerate’ energy companies exploiting Middle East crisis for profit

Global oil prices have risen sharply in response to the conflict

The Independent UK

We will not tolerate companies profiteering from Middle East crisis – Starmer

The Prime Minister will visit Northern Ireland on Thursday.

Evening Standard

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Cotton Closes Lower on Wednesday

Cotton futures were 5 to 13 points in the red on Wednesday. Crude oil was back up another $5.44 on Wednesday, adding some premium pack in as the Iran situation continues to unfold despite the International Energy Agency agreeing to release 400 million barrels of ethanol reserves. The US dollar...

Barchart

Soybeans Post Double Digit Gains on Wednesday

Soybeans saw gains of 12 to 14 cents in the front months on Wednesday. The cmdtyView national average Cash Bean price was up 12 cents at $11.39 1/4. Soymeal futures were up 10 to 90 cents, with Soy Oil futures 122 to 175 points higher. There were 200 deliveries issued...

Barchart

Corn Rallies Back on Wednesday

Corn futures closed with 8 to 9 cent gains in the front months on Wednesday The CmdtyView national average Cash Corn price was up 8 cents to $4.17 ¾. Crude oil was back up another $5.44 on Wednesday, adding some premium pack in as the Iran situation continues to unfold...

Barchart

US intelligence sees direct attacks by Iran on oil tankers as greater risk than mines

Strait of Hormuz, key transit passage for global oil trade, has been effectively shut down by Islamic Revolutionary Guard

The Guardian - US

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Trump will tap oil reserve as Iran war drives up gas prices

The Iran war drove the price for crude oil to more than $100 a barrel.

Axios

The shadow fleet and illegal oil are still moving through the Strait of Hormuz

This morning, three vessels were struck attempting to transit the Strait of Hormuz. The Strait is effectively closed. Since the beginning of the conflict involving the United States, Israel and Iran on Feb. 28, 2026, oil tanker traffic through the world’s most critical oil shipping choke point has collapsed, dropping…

Fortune

IEA’s ‘unprecedented’ oil release was supposed to fix everything, yet the market had a chilling response

The International Energy Agency (IEA) announced this week that its member countries unanimously agreed to release a massive 400 million barrels of oil from their strategic reserves, an unprecedented move aimed at stabilizing soaring prices, but the market’s response was, frankly, a bit chilling. Despite this huge injection of potential…

The Mary Sue

NCAA Men’s Tournament Final Four Is Set: Schedule, Location and How to Watch

The 2026 men’s Final Four will be played in Indianapolis for the first time since 2021.

Sports Illustrated

France's Macron opposed to lifting sanctions against Russia

French President Emmanuel Macron also said he had "no confirmation" Iran was laying sea mines in the Strait of Hormuz.

Euronews

Nasdaq Rises Amid Middle East Uncertainty: Stock Market Today

Governments and global organizations are responding to the threat of a potential energy crisis stemming from the war in the Middle East.

Kiplinger

Ditch the Fancy Cleaning Products This March – Your Kitchen Cabinets Will Sparkle if You Switch to This Inexpensive, Non-Toxic Liquid for Spring Cleaning

You'll likely have a bottle of white vinegar hidden away in your cupboard, but did you know it works a dream on greasy, grimy cabinets?

Homes & Gardens

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The Guardian - AU

Morning Mail: strikes on ships raise stakes in Middle East, royal commission shock, art’s forgotten ‘genius’

Iran hits shipping in the strait of Hormuz prompting massive release of oil reserves; Dennis Richardson quits inquiry after two weeks

The Independent UK

The Iran War is causing Americans pain at the pump — but gas price hikes are spelling doom for these guys

ANALYSIS: Republicans are heading towards an election season led by a president who just launched an unpopular war in the Middle East that is raising gas prices, writes John Bowden. Sound familiar?

Fortune

Trump says the U.S. will open its first new oil refinery in nearly 50 years as the U.S. military avoids bombing Iran's oil infrastructure

The refinery, which will be built in Brownsville, Texas, is backed by Indian energy group Reliance Industries.

Evening Standard

London's most expensive petrol: Garage selling 253.9p-per-litre unleaded as prices soar amid Iran war

Motorists hit with steepest fuel price increases since Russia’s invasion of Ukraine

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news in one place.

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Barchart

Nat-Gas Prices Rally as Iran War Drags On

April Nymex natural gas (NGJ26 ) on Wednesday closed up +0.189 (+6.26%). Nat-gas prices on Wednesday rallied in sympathy with crude oil prices and European gas prices as the Iran war drags on. Missiles hit three vessels on Wednesday in the Strait of Hormuz and the Persian Gulf, and new...

Euronews

Hungary and Slovakia resist renewal of Russia sanctions as deadline nears

The European Union wants to renew the individual sanctions on Russia by 15 March. But Hungary and Slovakia are blocking the decision. Tensions are running high between the three over the damaged Druzhba oil pipeline.

The Guardian - UK

Iran escalates attacks on infrastructure and transport networks across the Gulf

Iranian officials warn of ‘war of attrition’ and global economic chaos as energy supplies are throttled

Fortune

Top economist says Iran war could trigger an economic ‘butterfly effect’—and keep inflation elevated for years

"Much like we saw in the wake of the pandemic," KPMG's Diane Swonk said, "those changes could trigger a longer-lasting bout of inflation."

Evening Standard

What is the Strait of Hormuz and why is it so important?

The world's busiest oil shipping channel has around a fifth of the world’s oil passing through it each year

Barchart

Crude Prices Rally Despite IEA Stockpile Release

April WTI crude oil (CLJ26 ) is up +4.62 (+5.54%), and April RBOB gasoline (RBJ26 ) is up +0.14379 (+5.60%). April WTI crude oil on Monday spiked up to a 3.75-year nearest-futures high of $119.48 but has since fallen back to the $87-per-barrel area. Crude oil prices spiked higher to...

Barchart

Cotton Slipping Lower on Wednesday

Cotton futures are 5 to 11 points in the red at midday. Crude oil is back up another $3.03 on Wednesday, adding some premium pack in as the Iran situation continues to unfold despite the International Energy Agency agreeing to release 400 million barrels of ethanol reserves. The US dollar...

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