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The Latest Breaking News from Oil

CBA ups inflation prediction as supply chains strain

Australia is staring down the barrel of inflation above five per cent as a result of the Iran oil supply shock, economists from the Commonwealth Bank warn.

AAP

'They asked for 7, I gave them 10': Donald Trump reveals Iran's 'big present' to US as Hormuz deadline delayed

President Trump granted Iran a 10-day cooling-off period, calling it a "gift" after Tehran allowed eight oil tankers through the Strait of Hormuz. This pause in planned strikes on energy infrastructure comes amid ongoing diplomatic efforts, which Trump described as progressing well. The extension follows a previous five-day delay and…

The Times of India

Iran-US war latest: Ship carrying thousands of Marines arrives in Middle East as Yemen’s Houthis warn of more attacks

It comes amid speculation of an impending ground invasion

The Independent UK

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Ukraine war briefing: Pentagon reportedly considering whether to divert aid from Ukraine to Middle East

US military stockpiles are under strain as a result of Iran war, Washington Post reports; Volodymyr Zelenskyy meets Saudi crown prince in Jeddah. What we know on day 1,493

The Guardian - AU

UAE targeted with missiles and drones – as it happened

This blog is closed.

The Guardian - AU

Malaysian vessels permitted to travel through strait of Hormuz, country’s PM says after Iran talks

A trickle of cargo ships and tankers – mostly Iranian, but some from Thailand and China – have made it through the strait since the war began

The Guardian - AU

Common Mistakes First Time Pet Owners Make

Getting a new pet is super exciting! But without planning, you might face big problems like vet bills or ruined furniture. Studies show 20 to 30% of new owners give up their pet in the first year because of surprises like endless shedding, night time craziness, or allergies. Many myths…

Times Pets

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Aussie shares snap losing streak but crude risks weigh

The local bourse has had its first positive week since February, but traders remain cautious with the US and Iran still at odds over a potential ceasefire.

AAP

Mapping a mega storm: how Tropical Cyclone Narelle is tracking a historic path across Australia

Plus, visualising flows of oil and gas, the beauty of eucalyptus records and unravelling the mysteries of insect migrations

The Guardian - AU

Coalition calls for cut to fuel tax as price woes mount

Cutting battery and EV subsidies would help pay for a coalition plan to halve the fuel excise amid a surge in oil prices caused by the Iran war.

AAP

Rachel Reeves urged to raise taxes on companies profiting from Iran war

The price of oil has skyrocketed since the war in Iran began and the UK economy is predicted to see a drop in growth

The Independent UK

Gulf of Mexico oil spill spread hundreds of miles, killed wildlife and polluted Mexican reserves

Mexican authorities say a March oil spill in the Gulf of Mexico spread more than 600 kilometers and reached protected areas

The Independent UK

The General Mills Dividend Yields 6.53%. Is That Enough to Make Up for an Oil Price Shock?

General Mills’ high 6.53% dividend yield may look enticing, but it comes amid falling earnings, rising oil-driven cost pressures, and growing macro risks that could limit upside.

Barchart

Soybeans Closes Higher on Thursday

Soybeans saw gains of 1 ¾ to 5 ½ cent gains in the front months on Thursday. The cmdtyView national average Cash Bean price was up 2 1/4 cents at $11.00 1/4. Soymeal futures were up 30 cents to $2.30, with Soy Oil futures up 42 to 96 points. Export...

Barchart

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Barchart

Cotton Rallies on Thursday

Cotton futures closed out the Thursday session with contracts 21 to 123 points higher across the board. The US dollar index was $0.296 higher at $99.695. Crude oil was up $3.46 on the day to $93.79. Export Sales data showed 202,444 RB of 2025/26 cotton sold in the week ending...

The Independent UK

Iran suggests Spain may be able to send ships through Strait of Hormuz as it is ‘non-hostile’ country

Iran remains in control of the Strait of Hormuz and attacks on vessels have caused chaos in energy markets

The Guardian - US

US markets see biggest slump since start of US-Israel war on Iran

Dow closed 450 points down and S&P dipped 1.7% while Nasdaq fell 2.3% into correction territory

The Guardian - US

A smile and a handshake as Maduro case drags Venezuela crisis to New York court

The deposed Venezuelan president and his wife appeared in a Manhattan courtroom as rival protests took place outside

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Barchart

Stocks Slump on Iran War and Weakness in Chipmakers

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -1.74%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -1.01%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -2.38%. June E-mini S&P futures (ESM26 ) fell -1.72%, and June E-mini Nasdaq futures...

The Conversation

Distant conflict, local crisis: is this oil shock the wake-up call NZ needed?

In recent years, there has been no shortage of warnings about the fragility of New Zealand’s largely imported fuel supply.

Axios

Why these 6 Iranian islands could be crucial to Trump's "final blow" of the war

Many of the potential plans for a "final blow" center around islands in the Gulf.

Kiplinger

Nasdaq Hits Correction Territory as Meta Slumps: Stock Market Today

Mega-cap stocks Meta and Alphabet weighed on the main indexes on Thursday, and surging oil prices didn't help.

International Business Times UK

Did Iran Provide 'Big Boats of Oil' to the US Amidst Peace Negotiations With Trump?

US President Donald Trump claims Iran allowed oil tankers to pass through the Strait of Hormuz as a 'gift', amid ongoing tensions. Explore the implications of this strategic move.

The Guardian - UK

IRGC naval commander killed in Israeli strike was hardliner who understood power of strait of Hormuz

Alireza Tangsiri oversaw technology now used to threaten strategic waterway and goaded Trump to attack oil-export hub Kharg Island

The Guardian - UK

Trump extends deadline for Iran to open strait of Hormuz by 10 days

President claims talks with Tehran regime are ‘going very well’ and says he is pausing ‘Energy Plant destruction’

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