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The Latest Breaking News from Oil

FTSE 100 plummets further as oil prices soar above $100 a barrel

Oil prices surged past $100 a barrel for the first time since the summer of 2022

The Independent UK

1.7m UK homes facing soaring bills as heating oil costs doubled in a week amid Iran conflict

Heating oil’s more volatile pricing is fed straight through to consumers, a key difference to gas and electricity energy supplies

The Independent UK

Lengthy US-Iran war would affect ‘lives and households of everybody’, says Starmer

Ministers understood to be considering ways to mitigate rising energy bills as oil prices surpass $100 a barrel

The Guardian - UK

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Oil prices: What it means for your money as Brent crude surges again after Iraq tanker attacks

Energy bills rising is an inflationary pressure the UK’s economy could do without

The Independent UK

Starmer warns of bigger impact on economy the longer Iran war continues - as it happened

The prime minister is facing pressure from unions and some backbenchers to prepare a support package as oil and gas prices threaten to push up inflation

The Guardian - UK

Stock markets tumble further as oil prices soar above 100 dollars a barrel

Brent crude soared by 15% to 107 dollars a barrel, having at one stage reached nearly 120 dollars in levels not seen since the summer of 2022.

Evening Standard

Bahrain Declares Force Majeure on Oil Shipments After Iranian Strike Triggers Refinery Fire

Bahrain’s state-owned oil company Bahrain Petroleum Company (Bapco) on Monday declared force majeure on its oil shipments after a strike blamed on Iran ignited a fire at a major oil facility, intensifying tensions across the Gulf’s critical energy corridor.

Whats Hot

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Did Israel surprise US with strikes on Iran oil depots? White House reportedly sent 'WTF' message

The White House expressed surprise and disapproval after Israel struck Iranian oil facilities, a move not anticipated by the Trump administration. Officials feared the attacks could rally Iranians, boost oil prices, and negatively impact global energy markets. While Israel stated the depots supplied the regime, Washington conveyed strong disagreement, with…

The Times of India

Trump gives a four-word response as oil prices sky rocket

IN FULL

The Independent UK

‘We are being tested’, Eurogroup president says as oil rises above $100

In an interview with Euronews' flagship show Europe Today, the president of the Eurogroup, Kyriakos Pierrakakis, stated that the EU is being tested and ministers are quite concerned about the events unfolding as oil currently sits above $100 and the Iran war continues to disrupt energy markets.

Euronews

Oil prices latest: Reeves ready to support release of reserves and issues inflation warning over US-Iran war

Price of oil has surged since US and Israel launched airstrikes towards Iran 10 days ago

The Independent UK

India Urges Dialogue as Middle East Conflict Escalates; Jaishankar Raises Oil Supply Concerns

India has called for restraint and diplomatic engagement amid the rapidly escalating conflict in West Asia, with External Affairs Minister S. Jaishankar stressing that dialogue remains the only path to de-escalation.

Whats Hot

Oil prices race above 100 dollars a barrel as Iran conflict escalates

Brent crude soared by 17% to more than 108 dollars a barrel, having at one stage reached nearly 120 dollars a barrel for the first time since 2022.

Evening Standard

Starmer acknowledges concerns as Iran war threatens to impact cost of living

Sir Keir Starmer said: ‘No matter the headwinds, supporting working people and their families with the cost of living is always top of my mind.’

Evening Standard

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The Guardian - UK

G7 ready to take ‘necessary measures’ over economic impact of Iran war

Finance ministers monitoring situation but stop short of agreeing to release emergency oil reserves

Whats Hot

Stock Market Opens in Deep Red as Middle East Conflict Escalates; Nifty Falls Below 24,000

Indian stock markets started the week on a sharply negative note as escalating tensions in the Middle East triggered widespread selling across global markets.

International Business Times UK

Epstein Files Interest Crashes 95% as War Escalation Dominates Global Attention

Interest in the Jeffrey Epstein files has dropped by 95% following US and Israeli military strikes on Iran, shifting public focus to geopolitical turmoil

The Independent UK

Soaring global oil prices spark rationing and unrest in South Asia

IN FULL

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news in one place.

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Evening Standard

Trump's war in Iran sends oil prices spiralling above $100

Stock markets set to open lower again after further sharp rise in oil price

Euronews

Newsletter: Oil prices surge, stocks slide as Iran war spirals further

Also in this newsletter: Eurogroup President Kyriakos Pierrakakis tells Europe Today the EU economy is being "tested" amid the Middle East war, but is "better prepared" following the 2022 energy crisis.

International Business Times UK

Oil Prices Surge Past $100 a Barrel as Dow Futures Crash 900 Points — What It Means for Your Grocery Bill, Petrol, and Savings

How the recent surge in oil prices above $100 a barrel impacts your petrol costs, grocery bills, and household budget in the US, UK, and globally. Learn about the economic ripple effects and market reactions.

Evening Standard

FTSE 100 Live 09 March: Markets slump as oil price tops $100, inflation fears mount

Global stock markets are deep in the red after the Brent Crude oil price this morning soared as high as $119 a barrel.

The Guardian - UK

Rachel Reeves warns fuel retailers not to make ‘excess profits’ from oil crisis; G7 ‘stands ready’ to release crude reserves – as it happens

Finance ministers from G7 countries resist pressure to release emergency oil stocks at video call today

International Business Times UK

Oil Prices Prediction Sparks Panic as Crude Hits Over $100 per Barrel: Could It Surge Past $200 This Month?

Oil prices have surged past $100 per barrel, raising questions about a potential rise to $200. Explore the factors driving this volatility and its impact on global markets.

The Times of India

Bahrain's Bapco declares force majeure after Iran strikes its largest oil facility: What it means

Bahrain's state oil company declared force majeure on shipments after Iranian strikes ignited a fire at its largest oil facility. The attack, which caused material damage but no casualties, escalates regional tensions and disrupts vital energy corridors. This development follows a series of strikes on energy installations amid the widening…

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