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The Latest Breaking News from Oil

Africa is hurting again from a global crisis it had no part in starting

The Independent UK

Oil, energy and food: Which countries in Europe are most exposed to higher food prices?

The crisis in the Middle East is driving up oil prices, affecting both energy and food costs. Experts agree that the Iran crisis will significantly impact food prices in Europe.

Euronews

G7 Shock: Global South Sends Urgent Message

While headlines are filled with wars and political tensions, a deeper and more dangerous crisis is quietly building beneath the surface. At the recent G7 meeting, S. Jaishankar delivered a warning that went beyond geopolitics. He didn’t talk about weapons or borders. He spoke about something far closer to home…

MyLifeXP

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read the most diverse news in one place.

Watch: US President calls it ‘Strait of Trump,’ then says it wasn’t an accident

US president Trump playfully referred to the Strait of Hormuz as the "Strait of Trump" during a Miami speech, drawing laughter. The comment comes amid heightened tensions over the critical oil shipping route, which Iran has the ability to disrupt. Trump's remarks align with his history of branding and a…

The Times of India

10 US service members injured in Iranian attack on Saudi base

Iran's ambassador to the UN confirmed the nation would "facilitate and expedite" such movement

The Independent UK

Cotton Rallies on Friday

Cotton futures posted gains of 3 to 45 points on Friday, with a weekly gain of 215 points for May. The US dollar index was $0.337 higher at $100.045. Crude oil saw some late session buying up $6.68 on the day to $101.16. Export Sales data now has the 9.556...

Barchart

Cuba Reportedly Asked Pope Leo To Convince The Trump Admin To Ease its Oil Embargo

Cuban officials have asked Pope Leo XIV to mediate between them and the United States to ease the oil blockade that has the island on the brink of collapse, according to a new report.

Latin Times

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Stocks Settle Sharply Lower on Fears Iran War is Escalating

The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -1.67%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -1.73%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.93%. June E-mini S&P futures (ESM26 ) fell -1.80%, and June E-mini Nasdaq futures...

Barchart

'Forget That' — Trump Dismisses His Own Cabinet's Gas Price Briefing to Press for a Venezuelan Statue

During a Cabinet meeting focused on rising fuel costs, Trump diverted attention with a remark about a potential statue in Venezuela, sparking mixed reactions.

International Business Times UK

Rubio makes bold claim on when Iran war will end: ‘Weeks, not months’

US Secretary of State Marco Rubio has suggested a potential de-escalation of the Iran war, saying it would last "weeks, not months". He also noted Iran's willingness to discuss "certain things". However, Mr Rubio's comments contradict reports from the Wall Street Journal that Donald Trump is considering deploying an additional…

The Independent UK

Dollar Advances as Iran War Rages

The dollar index (DXY00 ) rose to a 1-week high on Friday and finished up by +0.27%. The dollar moved higher on Friday as the risk of a protracted Iran war boosts safe-haven demand for the dollar. Also, Friday's +5% rally in crude oil prices is pushing inflation expectations higher,...

Barchart

As fuel prices rise, US lawmakers push to suspend the federal gas tax

As gas prices approach $4 a gallon nationally amid the conflict in Iran, some lawmakers are pushing to suspend the federal gasoline tax

The Independent UK

Crude Oil Surges on Fears of Iran War Escalation

May WTI crude oil (CLK26 ) on Friday closed up +5.16 (+5.46%), and May RBOB gasoline (RBK26 ) closed up +0.1070 (+3.47%). Crude oil and gasoline prices rallied sharply on Friday on concerns about a protracted war with Iran. Crude prices also rose amid concerns that reduced Russian crude exports...

Barchart

Iran, one month on – the numbers tell the terrible toll of war

THE INDEPENDENT VIEW: Editorial: If there was ever a plan behind the US-Israeli assault on Iran, it is not going well – instead, it has become Donald Trump’s great miscalculation

The Independent UK

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We Got This Covered

Thanks to Donald Trump solving a problem that didn’t exist, Iran’s now raking in millions at Hormuz

From 110 ships a day to fewer than 10. Mission accomplished, I guess.

Barchart

Up 215% YTD, This Small-Cap Stock Is Beating AI Stocks

A war-driven oil rally is turning this overlooked small-cap into one of 2026’s biggest winners.

The Mary Sue

‘We don’t need the Hormuz Strait’: Donald Trump says, as fuel prices raise in the U.S.

President Donald Trump, who claims he’s been negotiating with Iran, now claims that the Strait of Hormuz is “not important” to the United States. But as the war wages on, fuel prices continue to climb and hurt consumers throughout the US.

Evening Standard

FTSE 100 ends down as oil rises while Iran war remains in deadlock

The FTSE 100 closed down just 4.82 points at 9,967.35.

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The Times of India

From Kharg to Qeshm: 6 Iranian Islands Trump may target amid Strait of Hormuz tensions

The US is reportedly considering military options against Iran, focusing on key Persian Gulf islands vital for oil exports and naval control. Plans reportedly include ground and bombing operations, with potential targets like Kharg Island, a major oil hub, and Larak Island, crucial for Strait of Hormuz monitoring. Seizing these…

Barchart

Cotton Rallying on Friday

Cotton futures are trading with 42 to 70 point gains across the front months on Friday. The US dollar index was $0.207 higher at $99.915. Crude oil is up $4.32 on the day to $98.80. Export Sales data now has the 9.556 million RB of combined cotton sales and shipments...

Barchart

Soybeans Selling the Fact Following RVO Announcement

Soybeans are trading with contracts 9 to 10 cents lower in the front months and deferreds down 3 to 5 cents, The cmdtyView national average Cash Bean price is down 9 cents at $10.91 1/4. Soymeal futures are showing $4 to $5 losses at midday, with Soy Oil futures 21...

The Independent UK

Investors urged to be patient as stock markets rattled by Iran war

The U.S. stock market has a proven record of recovering from every major downturn

LiveScience

Our fossil fuel economy is a house of cards and Trump's war in Iran is about to topple it. The need for a clean energy transition has never been clearer.

Trump's war in Iran is the embodiment of everything that's wrong with our dependence on fossil fuels — and it's highlighting just how vital the transition to renewables is.

The Independent UK

Judge won't block meeting that could exempt Gulf drilling from Endangered Species Act

A judge has ruled that the government can convene a meeting next week to seek an exemption from the Endangered Species Act on the basis of national security for expanded oil and gas drilling in the Gulf of Mexico

The Independent UK

U.S.-Iran war in numbers: Thousands dead, billions spent, and the global economy in crisis

One month after the U.S. and Israel launched strikes on Iran, the Middle Eastern conflict continues to spiral with no clear end in sight. James C. Reynolds reports on the mounting costs

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