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The Latest Breaking News from Oil

Dow futures fall 350 points on U.S.-Iran conflict, but oil prices pare gains as Trump hints at sanctions relief for new leadership

"There is, however, a risk that the OPEC+ decision is moot if flows do not resume through the Strait of Hormuz."

Fortune

UAE stock markets close, trading halted by Abu Dhabi Securities Exchange and the Dubai Financial Market for two days amid Iran–US–Israel war fallout

The UAE has shut its Dubai and Abu Dhabi stock markets for two days, March 2-3, 2026, due to escalating Iran-US-Israel conflict fallout. This unprecedented move follows Iranian retaliatory strikes, disrupting regional business and investor confidence. Other Gulf markets saw sharp declines, with oil prices surging amid fears of supply…

The Times of India

Oil prices fallout: OPEC producers boost output after Iran strikes

The boost is an early sign of how producers and companies will respond to U.S. and Israeli strikes on Iran.

Axios

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read the most diverse news in one place.

Trump says he is open to talks with Iran as conflict deepens in Middle East

US president signals potential willingness to engage with surviving leadership as violence intensifies across region

The Guardian - UK

Iranian drones send oil tanker up in flames in Strait of Hormuz

An oil tanker in the Strait of Hormuz dramatically burst into flames today (1 March) after being hit by an Iranian strike.

The Independent UK

EU foreign ministers warn on impact of conflict in Iran after Khamenei's death

European Union foreign ministers emerged from two hours of emergency talks on Sunday night to call for a de-escalation of the violence that left Iran's supreme leader Ayatollah Ali Khamenei dead and the Gulf region plummeting into chaos amid retaliatory attacks, cancelled flights stranding hundreds of thousands of travellers and…

Radio France Internationale

OPEC+ boosts oil production after attacks on Iran and throughout region

Countries that are part of the OPEC+ oil cartel have announced they will boost production of crude oil

The Independent UK

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As Iran attacks Dubai, the tax-free haven for the global elite could see 'catastrophic' fallout — 'this can also send shockwaves globally'

The area's success at attracting capital from around the world over the years and diversifying away from oil could also make it a threat to global markets.

Fortune

Strait of Hormuz: if the Iran conflict shuts world’s most important oil chokepoint, global economic chaos could follow

The reported sinking of several Iranian warships by US missiles in the Gulf of Oman serves as a reminder of the maritime aspect of the conflict which began February 28 with a barrage of Israeli and American missiles targeting Iran. Two other vessels, believed to be tankers, have also been…

The Conversation

The U.S. is destroying Iran's navy after it tried to shut down global oil flows

A fifth of the world's oil flows through the Strait of Hormuz.

Axios

Jobs, Geopolitics and Other Key Things to Watch this Week

Markets enter March following another losing week that saw airline stocks hammered after President Trump's threats against Iran escalated Middle East tensions, while a surprisingly hot inflation reading dragged equities lower as February trading wrapped up.

Barchart

Fans In Splits Over Lola Young’s BRIT Awards Bizarre Outfit Following Her Major Breakthrough

“Why did she grab the nearest trash can for a top?” said one user.

Bored Panda

Oil prices soar 10% as tanker traffic halts near the Strait of Hormuz amid Iran attacks while IRGC warns against passage. 'Our ships will stay put'

Hundreds of tankers carrying oil and liquid natural gas have dropped anchor or remain stationary near the Strait of Hormuz.

Fortune

Why March Can Be the Cheapest Month to Tackle Big Garden Problems

March does not whisper. It announces opportunity. While many people wait for April blooms and May planting fever, March sits quietly in the background offering something better: leverage. Prices remain lower, contractors still answer calls, soil begins to warm, and plants prepare for active growth. Anyone who tackles major garden…

Frugal Gardening

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The Guardian - UK

Suspected Russian ‘shadow fleet’ tanker seized in North Sea

Belgian special forces boarded the Ethera, which was sailing under the flag of Guinea, on Saturday night

Grocery Coupon Guide

10 Best Items to Buy for Your Emergency Pantry

Building a reliable emergency pantry is one of the smartest financial moves you can make for your family. You do not need a massive underground bunker or an unlimited grocery budget to create a solid food safety net. Natural disasters or unexpected job losses can easily disrupt your normal supermarket…

Euronews

Orbán raises terror alert and eyes election gains as Iran war disrupts energy markets

Hungary raises its terror threat level and renews pressure on Ukraine to restore Russian oil flows, as the Israel-US strikes on Iran roil global energy markets — handing Orbán a campaign boost.

The Guardian - UK

Oil price expected to surge after Iran strikes and strait of Hormuz closure

Markets around the world could tumble on Monday and motorists are likely to pay more at the pump

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The Times of India

Middle East crisis: Oil tanker hit near Oman in Strait of Hormuz amid Iranian retaliation; 15 Indian nationals evacuated

An oil tanker, the Skylight, was attacked off Oman's coast, injuring four crew members and prompting an evacuation. This incident follows Iran's warning to close the vital Strait of Hormuz, a key global oil route. Shipping giants are suspending transit, and insurers are withdrawing cover, raising fears of severe global…

Euronews

First oil tanker attacked in the Strait of Hormuz according to Oman

An oil tanker was attacked off the coast of Musandam in the Strait of Hormuz. Four people were injured and all 20 crew members were evacuated, according to Oman's Maritime Security Centre.

International Business Times

Iran State Media Confirms Khamenei Death As Tehran Retaliates And Region Braces For Escalation

State television confirms the supreme leader's death as the IRGC vows a "crushing response." Israeli defenses intercept incoming projectiles while U.S. forces move to heightened alert and oil prices rise amid escalating tensions.

The Guardian - UK

What is the strait of Hormuz and why is it crucial for oil supplies?

Effective closure of the narrow waterway could spell trouble for many developed economies

The Times of India

UAE announces petrol and diesel prices for March 2026: Are drivers paying the war tax amid Iran and US–Israel clashes?

UAE drivers will pay more for fuel in March 2026 as prices for Super 98, Special 95, E-Plus 91 and diesel see an increase. This rise, ending a brief dip, is attributed to global oil market pressures, including Middle Eastern geopolitical tensions. The monthly review aligns local rates with international…

International Business Times UK

US Strikes on Iran Could Possibly Trigger Oil Prices Shock of $10 to $20 per Barrel

Global energy markets are on edge as US-Iran tensions rise, potentially causing a $10-$20 surge in oil prices.

Woman & Home

2026 is the year I ditch gels and revive my damaged, paper-thin nails - here's how

Expert advice, treatments and tools to bring weak, brittle nails back from the brink

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