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The Latest Breaking News from Oil

What Essential Oil Is Good for Congestion?

Congestion is an incredibly uncomfortable symptom to have to deal with during allergies or colds.

inkl

New satellite images capture aftermath of Iran's strike on Saudi Aramco oil refinery

Iran launched a barrage of drones and missiles at Gulf states, targeting energy installations in Qatar and Saudi Arabia, including the Ras Tanura Refinery. The US Embassy in Riyadh was also attacked. These strikes, continuing into Tuesday, mark a sharp escalation in regional conflict following the death of Supreme Leader…

The Times of India

Asian shares are mostly lower as investors focus on the Iran war's impact on energy supplies

Asian shares are mostly lower and oil prices have surged higher as investors eye risks to the region's energy supply because of the Iran war

The Independent UK

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Why surging oil prices are a shock for the global economy – but not yet a crisis

Global oil markets have reacted swiftly to escalating tensions in the Middle East as the United States and Israel continue their assault on Iran.

The Conversation

Australian shares drop as conflict realities set in

ASX shares have given way after an optimistic start to the week as investors braced for more impacts of the Middle East conflict on oil prices and inflation.

AAP

‘Live’ chance of interest rate hike at March RBA meeting amid oil price spikes affecting inflation, governor says

Michele Bullock not ‘making a prediction’, but cites rise in oil prices due to attacks on Iran and tight labour market as factors in possible cash rate rise

The Guardian - AU

Ukraine war briefing: Russia’s army records slowest advance since 2024 amid Starlink cut, data shows

Kyiv’s forces find success along southern frontline in February, while Russian troops grind forward in the east. What we know on day 1,469

The Guardian - AU

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No pain at the pump: petrol companies warned on gouging

Petrol stations will be closely watched for signs of price gouging after military tensions exploded in the Middle East.

AAP

Chancellor Rachel Reeves urged to scrap fuel duty hike amid oil price fears

The price of oil jumped to over 80 US dollars a barrel after the US-Israeli attack on Iran.

Evening Standard

Rachel Reeves urged to scrap fuel duty rise amid oil price fears following Iran-US war

Following the US and Israeli attacks on Iran, the price of oil jumped to 80 US dollars a barrel, with some analysts suggesting it could rise above 100 dollars

The Independent UK

Cotton Falls Lower on Monday

Cotton futures posted losses of 90 to 102 points in the front months on Monday. Crude oil was up $4.01 on the day following the US/Israel strikes on Iran over the weekend, but just over $4 off the overnight highs. The US dollar index was $0.940 higher at $98.505. Uncertainty...

Barchart

Soybeans Falls Lower on Monday with Geopolitical Uncertainty

Soybeans were 5 to 8 cents lower in the front months on Monday, with new crop contracts fractionally higher. There were another 158 deliveries issued on Friday evening. The cmdtyView national average Cash Bean price was down 2 cents at $10.91 1/4. Soymeal futures fell $2.30 to $7.60 lower, with...

Barchart

Gas prices are expected to jump after oil surged 13%, and analysts warn this is only the start of the pain

War has a price.

We Got This Covered

Stocks Recover as Iran War Pushes Energy and Defense Stocks Higher

The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +0.04%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.15%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.13%. March E-mini S&P futures (ESH26 ) fell -0.01%, and March E-mini Nasdaq futures...

Barchart

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Barchart

Chicago Board of Trade Wheat Futures: Is a Sustained Rally Brewing?

Geopolitics alert: The 2026 US-Israel-Iran conflict has disrupted the Strait of Hormuz, spiking oil & freight costs. Higher energy = pricier fertilizer/transport → potential floor under wheat prices.

Fortune

Energy markets offer ‘relatively small reaction’ to Iran war, but prices could spike if oil and gas aren’t flowing by the end of the week

Crude prices jumped 6% March 2, but they have risen 25% since the beginning of the year as tensions with Iran have escalated.

AAP

Rate hike odds spike for 'live' March RBA meeting

The battle to tame inflation has been thrown into more uncertainty by conflict in Iran and the Middle East, the Reserve Bank governor says.

Fortune

Oil markets are bracing for $100 barrels and a redux of a 1970s-era crisis but 'three times the scale,' analyst warns

U.S. gas prices rose 40% as a result of the 1973 oil shock, and prices at the pump are threatening to increase again as a result of the U.S. and Israeli strike on Iran.

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Barchart

Dollar Soars as T-Notes Yields Jump on Inflation Fears

The dollar index (DXY00 ) rose by +0.97% on Monday and posted a 5-week high. The dollar rallied on Monday after oil prices surged to an 8.25-month high, boosting inflation expectations and reducing the chance of additional Fed rate cuts, a supportive factor for the dollar. Also, Monday's better-than-expected Fed...

Barchart

Crude Oil Sharply Higher on War in Iran

April WTI crude oil (CLJ26 ) on Monday closed up +4.21 (+6.28%), and April RBOB gasoline (RBJ26 ) closed up +0.0851 (+3.72%). Crude oil and gasoline prices rallied sharply on Monday, with crude posting an 8.25-month high and gasoline posting a 19-month high. The main bullish factor for crude prices...

Barchart

Sugar Prices Supported by Strength in Crude Oil

May NY world sugar #11 (SBK26 ) on Monday closed up +0.02 (+0.14%), and May London ICE white sugar #5 (SWK26 ) closed up +5.90 (+1.45%). Sugar prices settled higher on Monday, supported by surging crude oil prices. WTI crude (CLJ26 ) soared more than +6% to an 8.25-month high...

The Guardian - UK

How escalating Iran conflict is driving up oil and gas prices – a visual guide

A halt to shipping in strait of Hormuz and attacks on Middle East refineries are threatening supplies and stoking inflation

Fortune

How the war in Iran could ‘guarantee’ a global recession

How a waterway barely 30 miles wide could plunge the world into recession.

The Independent UK

Cuba's president pushes for 'urgent' changes to island's economic and business model

Cuban President Miguel Díaz-Canel says his government should “immediately” focus on implementing urgent transformations to the island’s economic and social model as oil reserves in the Caribbean country dwindle

International Business Times

Saudi Arabia's Largest Oil Refinery Shuts Down As Iran Targets Oil, Gas, Infrastructure

Drone strikes led to the closure of Saudi Arabia's largest oil refinery as the war with Iran widened throughout the Middle East.

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