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The Latest Breaking News from Oil

European stocks dip as Gulf exchanges stay shut following Iran strikes

European markets opened in deep negative territory as crude oil prices rose in early trading, alongside gold and other precious metals. US futures are also down as global markets react to the Iran conflict.

Euronews

Iran says US-Israeli attacks have killed 555 people so far in Iran

The Iranian Red Crescent Society says that the U.S.-Israeli airstrike campaign targeting Iran has killed at least 555 people so far in the Islamic Republic

The Independent UK

Watch: Saudi Aramco oil refinery, one of the Middle East’s largest hubs, hit by Iranian drone

Saudi Aramco's Ras Tanura refinery facility was struck by a drone, leading to its shutdown and exacerbating global supply concerns. This incident follows attacks on vessels in the Strait of Hormuz, nearly halting oil shipments. The drone strike is part of a wider regional escalation, with other Gulf states also…

The Times of India

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Oil prices jump and markets slide after strikes across Middle East

International financial markets also opened weaker in the face of the growing conflict between Iran and US-Israeli forces.

Evening Standard

Newsletter: World on knife-edge as US-Israel war with Iran risks spillover

Also in this newsletter: Croatia's PM weighs in on the ongoing energy dispute pitting Hungary and Slovakia against Ukraine.

Euronews

Israel launches deadly strikes on Beirut after Hezbollah fires missiles across border

Israel launched strikes on Lebanon's capital, Beirut, after Hezbollah fired missiles across the border, following earlier US and Israeli attacks across Iran. The escalating conflict has resulted in significant casualties, with 31 reported dead in Beirut, three US service members killed, and 11 fatalities in Israel, including nine in a…

The Independent UK

Iranian Rial to USD Hits Record Low Amidst Real 'WW3' Fears and Current Air Strikes

The Iranian rial has hit a record low against the USD amid escalating geopolitical tensions, leaving the economy in turmoil.

International Business Times UK

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FTSE 100 share index records biggest fall since November as Iran war drives up oil and gas prices – as it happened

US-Israel war with Iran hits shares in travel companies, and the pound, although oil producers and weapons makers are rallying

The Guardian - UK

US-Israel Strike on Iran Kills Khamenei, Region on Edge

A joint US–Israeli military operation targeting Iran has reportedly killed Iran’s Supreme Leader, Ayatollah Ali Khamenei, triggering retaliatory strikes across the region and sharply escalating tensions in the Middle East.

Whats Hot

Holi Without Gujiya? The Festive Recipes Everyone Waits For

One of the most popular traditional treats made during Holi, particularly in North India, is gujiya. It's a holiday favorite because of its creamy, sweet filling and crisp exterior. Making gujiya at home is easy if you follow the correct procedure, despite the fact that it may appear difficult. The…

MyLifeXP

Who Will Lead Iran After Khamenei's Death? Meet the 5 Candidates Fighting for Supreme Power

Iran faces a succession crisis as the death of Ayatollah Khamenei leaves the country in turmoil. With clerics unable to convene due to ongoing strikes, political instability looms as rivals vie for power.

International Business Times UK

FTSE 100 Live 02 March: Oil and gas prices surge, banks retreat in weaker index

Oil prices have surged and the FTSE 100 index is 1% lower amid the conflict in the Middle East.

Evening Standard

Oil prices soar as Iran’s attack on ships near Strait of Hormuz raise fears of wider economic shock

Spike follows claims Iran’s Revolutionary Guards struck three oil tankers in the Gulf and the Strait of Hormuz

The Independent UK

Oil prices soar as escalating Iran conflict spurs energy supply concerns

Crude prices soared on Monday as investors continue to weigh the potential impact of escalating tensions in the Middle East on the supply of energy.

Euronews

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The Times of India

US-Iran war spreads: Israel bombs Hezbollah targets in Beirut; Gulf nations vow to defend themselves — key points

A joint US-Israeli strike has killed Iran's Supreme Leader, Ayatollah Ali Khamenei, igniting regional retaliation. Israel and Hezbollah exchanged fire, while Gulf states braced for attacks. Global markets plunged amid escalating fears of a wider conflict, with travel disruptions and stock market crashes reported across the Middle East.

The Guardian - US

Iran death toll rises as Trump vows to continue operation: what we know so far on day three

Hundreds have reportedly been killed in Iran since Saturday, while Trump says attacks could last for up to five weeks

Fortune

Asian aviation stocks plunge as Iran conflict forces airlines to cancel flights over Middle Eastern airspace

Shares in Singapore Airlines are down by 4.5%, while Qantas and Japan Airlines are down by 5.4% and 5.6% respectively.

The Independent UK

Ukraine-Russia war latest: Five injured in Ukrainian drone attack on major Russian oil terminal

Russian city of Novorossiysk, home to port and a naval base, comes under overnight attack from Kyiv's forces

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The Conversation

The strikes on Iran show why quitting oil is more important than ever

As Israel and the United States strike Iran, global oil markets are on edge.

AAP

Aussie shares claw back losses but Iran conflict weighs

Strength in energy, mining and consumer staples stocks has capped the impact of US-led attacks against Iran on the local bourse, but major uncertainty remains.

MyLifeXP

Celebrate Holi the Healthy Way with These 5 Snack Ideas

Why Choose Healthy Snacks for HoliHoli celebrations often begin in the morning and continue throughout the day. Snacking is frequent, and high calorie foods consumed in large quantities can lead to digestive discomfort, sugar spikes, dehydration, and lethargy. Choosing healthier options ensures sustained energy, better hydration, and improved digestion.Nutrition conscious…

The Guardian - UK

Gas prices soar and oil jumps as Iran war pushes down global stock markets

QatarEnergy says it has halted production of liquefied natural gas after attacks on Ras Laffan and Mesaieed sites

Axios

Iran conflict spurs early oil price surge

It's the first sign of how markets are digesting the potential for supply disruptions.

The Independent UK

US futures and Asian shares open lower, oil prices soar as US and Israeli attack Iran

The U.S. and Israeli attacks on Iran have sent a chill through world markets, with U.S. futures falling more than 1%

Evening Standard

Labour parliamentarians urge UK Government to oppose Rosebank oil field

MPs and MSPs from the party are among more than 60 parliamentarians who have signed a pledge against developing the oil field from campaigners Uplift.

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