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The Latest Breaking News from Oil

International Energy Agency to release record oil reserves to calm markets

The conflict in Iran has halted shipments through the Strait of Hormuz and pushed the price of oil and gas sharply higher.

The Independent UK

Iran War Sparks Largest Ever Oil Reserve Release

The International Energy Agency unanimously agreed to release 400 million barrels of oil from emergency reserves in response to the Iran war.

International Business Times

‘I took two bites and had to spit it out’: candy makers are phasing out real cocoa in chocolate

Due to the volatile cocoa market, companies like Hershey are using replacement ingredients such as sugar, oil, milk and nuts

The Guardian - US

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‘Will end any time I want it to end’: Donald Trump says Iran war could stop ‘soon’; claims US has little left to target

US President Trump declared the war with Iran could end soon, claiming significant damage to Tehran's military. He stated US forces are ahead of schedule, having destroyed Iranian mine-laying boats in the Strait of Hormuz. Despite his optimism, US and Israeli officials indicate preparations for further strikes continue, with Iran…

The Times of India

Countries must seek energy independence through renewables and nuclear, says John Kerry

Former US secretary of state says oil shock driven by war in Iran highlights dangers of reliance on fossil fuels

The Guardian - UK

400 million barrels of emergency oil reserves to be released to calm surging prices

IN FULL

The Independent UK

Will releasing millions of barrels of oil stockpiles really bring down fuel costs?

Despite rare act of multilateralism, there is no guarantee the IEA’s release of 400m barrels from reserves will depress prices

The Guardian - UK

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Energy Secretary falsely claimed Navy escorted tanker through Strait of Hormuz – markets lost $84 million while he tried to backtrack

Gave the market false hope.

We Got This Covered

‘Troubling reports’ of sudden heating oil price hikes and cancelled orders across UK

Chancellor Rachel Reeves said she was working with the watchdog to tackle ‘any price gouging’

The Independent UK

Competition watchdog probes complaints over sudden heating oil price hikes

The Competition and Markets Authority (CMA) said it had kicked off a review after receiving ‘troubling reports’ from customers.

Evening Standard

Stocks Mixed as IEA Announces Historic Oil Reserve Release

The S&P 500 Index ($SPX ) (SPY ) is up +0.20%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.26%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.46%. In an effort to stabilize energy markets disrupted by conflict in the Middle East, the...

Barchart

Iran Oil Blockade: Donald Trump Vows Military Action at 'Level Never Seen Before'

Donald Trump has warned Iran that failure to remove any mines potentially placed in the Strait of Hormuz could prompt unprecedented military consequences, after reports that Iran may have begun laying mines in the crucial waterway through which about 20%t of the world's oil supply passes daily.

International Business Times UK

IEA approves largest-ever oil reserve release of 400m barrels amid Iran crisis

The 32-member International Energy Agency has unanimously agreed to release 400 million oil barrels from its global strategic reserves in an attempt to prevent supply disruptions and ease market fears caused by Iran war shortages.

Euronews

Trump administration brushed off dire warnings. Now, Americans are paying for that miscalculation

Advisers ignored warnings and here’s the fallout.

We Got This Covered

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GOBankingRates

5 Safest Places To Keep Your Money During the Iran War

As uncertainty around the war grows, investors are seeking safety. See some of the safest investments to protect your money during geopolitical turmoil.

Reason

War Rations

Plus: Pete Hegseth spends millions on lobster tail and rib-eye steak, oil prices go for another roller-coaster ride, no inflation increase, and more...

The Guardian - UK

CMA to investigate heating oil suppliers over ‘blatant profiteering’ from Iran war

Competition watchdog says it will look into ‘concerning reports’ to see if they breach consumer protection laws

The Times of India

Trump’s billionaire diplomacy seeks out best of refining tech

A landmark $300 billion energy deal sees India's Reliance Industries partnering with Donald Trump to build America's first new oil refinery in 50 years. This ambitious project, planned for Texas, leverages Reliance's world-class refining expertise to process American shale oil for export. The alliance, forged through years of dynastic diplomacy,…

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The Independent UK

Inflation held steady in February as consumers brace for energy spikes due to Iran war

Inflation and gas prices may increase as a result of the war

Fortune

Current price of oil as of March 11, 2026

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

Barchart

Is Diamondback Energy Stock Outperforming the S&P 500?

Diamondback Energy has outperformed the S&P 500 over the past year, and analysts are highly optimistic about the stock’s prospects.

The Guardian - UK

‘Nothing off the table’ as Rachel Reeves considers ‘targeted support’ over energy costs

Chancellor does not rule out ditching planned fuel duty rise but tells MPs it is too early to gauge if consumers need extra help

Clever Dude

5 Signs Your Car’s Timing Belt Is About to Snap

An engine depends on perfect timing the same way a symphony depends on a conductor. Every valve opens at the exact moment it should, every piston moves in perfect rhythm, and everything stays beautifully synchronized—until the timing belt starts failing. When that belt snaps, chaos erupts inside the engine in…

The Guardian - US

US inflation stayed flat at 2.4% in February before effects of war on Iran kicked in

Effect of war on prices not reflected in data, as Trump says only ‘fools’ would think oil price shocks would be significant

Barchart

Soybeans Posting Double Digit Gains Early on Wednesday

Soybeans are trading with gains of 11 to 18 cents so far on Wednesday morning. Futures closed Tuesday with 5 to 7 cent gains across most contracts on Tuesday. Preliminary open interest rose 2,727 contracts on the day, mostly in the new crop. The cmdtyView national average Cash Bean price...

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