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The Latest Breaking News from Oil

Oil prices rocket in biggest weekly gain since 2020

IN FULL

The Independent UK

Oil and gas production shutdowns in Iraq and Kuwait widen the Iran war's impact on energy prices

The U.S. plans to offer tanker and cargo insurance in a scramble to get exports moving—and ease prices.

Fortune

Israel fires 'broad-scale' strikes on Tehran as war hits second week

Israel announced a new wave of "broad-scale" strikes on Tehran on Saturday as the escalating war in the Middle East entered its second week and oil prices surged on fears about global supply disruption.

Radio France Internationale

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Growing concern as oil and gas prices rapidly rise amid escalating Iran conflict

Prices surged higher and showed no signs of halting as Iran conflict enters second week

The Independent UK

Ukraine war briefing: nationwide air alert issued after at least six killed in strikes on Kharkiv and Dnipro

Search operations under way as drones hit residential buildings; US considers lifting more sanctions on Russian oil. What we know on day 1,473

The Guardian - AU

'Landed in US hoping to kill Trump': Pakistani man convicted in murder-for-hire plot, says Iran forced him

An Iranian intelligence operative has been convicted by a US federal jury for terrorism and murder-for-hire offences linked to a foiled plot to assassinate American political figures, including President Donald Trump. Prosecutors said the man was sent to the United States by Iran’s powerful Islamic Revolutionary Guard Corps (IRGC) to…

The Times of India

Lousy job growth and sky-high gas: Trump’s economy is in crisis and puts his presidency at risk

Moody’s Mark Zandi tells Eric Garcia that high gas prices will make it ‘very difficult to kind of get Americans back thinking, believing or buying into the idea that things were going at all well’

The Independent UK

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Investors are expecting Donald Trump to back down in the war with Iran – but what if he doesn’t?

Global markets have become inured to the US president’s posturing over the past year, but economists warn they may be ‘a little bit complacent’ in anticipating a short conflict in the Middle East

The Guardian - AU

War in Middle East brings uncertainty and higher energy costs to already weakening US economy

The “fog of war” refers to confusion and uncertainty on the battlefield and the attendant possibility of fatal error. This principle has a parallel when it comes to the economic consequences of wars as well, especially when they occur in a region that is a chokepoint for the production and…

The Conversation

Oil prices rocket in biggest weekly gain for six years as Middle East conflict escalates

Warnings issued that oil and gas production in the Gulf could be halted entirely in the coming days, as commodity prices and stock markets are being hammered

The Independent UK

Cotton Rallies on Friday

Cotton futures posted 1 to 24 point gains across the board on Friday, as May was still down 141 points this week. Support came via the outside factors. Crude oil was up $10.22 on the day to $91.23. The US dollar index was back down $0.409 at $98.900. USDA Export...

Barchart

Corn Rallies into the Weekend

Corn futures posted gains of 3 ¾ to 8 ¼ cents across the board on Friday, as May managed a 12 cent gain on the week and December up 15. Crude oil futures continued the rally and spillover support into Friday, up $10.22 as President Trump indicated the strikes would...

Barchart

Soybeans Heads into the Weekend with a Rally

Soybeans rallied 16 ¾ to 21 ½ cents in the old crop contracts on Friday, as other contracts were 5 to 12 ½ cents higher. May beans were up 30 cents this week, as November rallied 18 ½ cents. The cmdtyView national average Cash Bean price was up 21 1/4...

Barchart

Stocks Retreat on Inflation Concerns and a Weak US Job Market

The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -1.33%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.95%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.51%. March E-mini S&P futures (ESH26 ) fell -1.39%, and March E-mini Nasdaq futures...

Barchart

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Barchart

As Crude Oil Prices Spike Amid U.S.-Iran Conflict, Warren Buffett Once Warned that the Government Is ‘Exceptional’ at ‘Printing Money and Creating Promises’ But Can’t ‘Print Gold or Create Oil’

Warren Buffett's past comments can provide insight into the current environment of surging oil prices in the wake of the U.S.-Iran war. Here's what the Oracle has had to say.

Kiplinger

Dow Drops 453 Points as Crude Oil Tops $90: Stock Market Today

Rising energy prices and a stalling employment situation have markets weighing the unwelcome prospect of stagflation.

International Business Times

US-Iran War Torpedoes Global Economy Into 'Lose-Lose' Scenario, Analysts Warn

A growing war involving Iran is shaping up to be an "everybody loses" scenario for the global economy, according to analysts at Morgan Stanley.

Euronews

Iran's strikes on Gulf energy sites rattle markets and raise recession fears

Iran’s apparent erratic strikes all over the Gulf and now Azerbaijan, together with its stranglehold of the vital Strait of Hormuz, have resulted in a growing strain on the world’s global energy supplies with incalculable consequences ahead.

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The Independent UK

Oil surges to highest price since 2023 and stocks drop as Iran war rages

Oil prices surged to their highest levels since 2023 due to the Iran war, coinciding with a weak update on the US labour market that highlighted the economy's precarious position.

Barchart

Crude Prices Surge as Iran War Halts Middle East Crude Shipments

April WTI crude oil (CLJ26 ) on Friday closed up by +9.89 (+12.21%), and April RBOB gasoline (RBJ26 ) closed up +0.0757 (+2.83%). Crude oil and gasoline prices extended this week’s sharp rally on Friday, with crude soaring to a 2.5-year nearest-futures high and gasoline posting a 1.75-year high. The...

International Business Times UK

The US Lost 92,000 Jobs Last Month With Only 50,000 New Ones Coming and Braces for More Inflation All While Under Trump

The US economy faces challenges as 92,000 jobs are lost, unemployment rises, and inflation fears grow amid Trump's policies and the Iran conflict.

Barchart

Sugar Prices Jump as Crude Oil Surges

May NY world sugar #11 (SBK26 ) on Friday closed up +0.38 (+2.77%), and May London ICE white sugar #5 (SWK26 ) closed up +8.00 (+1.97%). Sugar prices settled sharply higher on Friday amid soaring crude oil prices. WTI crude oil (CLJ26 ) surged more than +12% on Friday to...

Marie Claire

High Rise Skin Is Going to Be the Biggest Beauty Trend of 2026

It's time to adopt "high rise skin."

International Business Times UK

'If They Rise, They Rise' — Trump Shrugs Off Surging Pump Prices as Qatar's Energy Minister Warns Oil Could Hit $150 a Barrel

As the US-Iran conflict intensifies, oil prices are skyrocketing, with potential global economic impacts. Discover how the Strait of Hormuz tensions are affecting energy markets.

Barchart

Cotton Posting Friday Gains

Cotton futures are trading with 15 to 20 point gains across most contracts on Friday. Support s coming via the outside factors. Crude oil is up $10.10 on the day to $91.11. The US dollar index was back down $0.349 at $98.960 USDA Export Sales data from Thursday showed total...

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