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The Latest Breaking News from Oil

FTSE 100 Live 23 March: Stocks rebound and oil price falls on hopes of end to war

Stock markets have staged a dramatic rebound from earlier heavy losses after President Trump today disclosed talks over ending the Middle East conflict.

Evening Standard

Old masters, new methods: The tech transforming art restoration

From an AI-generated mask that can restore a 15th-century painting in three hours to scientists developing eco-friendly cleaning gels from renewable materials, a new wave of technology is saving masterpieces.

Euronews

Afternoon Update: IEA chief warns oil shock worse than 1970s crises combined; ABC staff to strike; and a ‘feline Oscars’ star

International Energy Agency executive director, said world leaders had not properly understood the consequences of the strait of Hormuz’s closure

The Guardian - AU

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Tehran’s toxic cloud: satellite images show oily fires burned for days

Residents reported headaches, eye and skin irritation and breathing difficulties as Israeli bombings blanketed Tehran with pollutants

The Guardian - UK

US-Iran war latest: Tehran calls US peace talk claims ‘fake news’ as Trump sets new deadline to end war

Donald Trump says the US and Iran have held talks about a ‘total resolution of hostilities’

The Independent UK

Starmer and Trump Discuss Strait of Hormuz Amid Iran Blockade – Could UK Be Drawn Into Middle East Crisis?

Starmer and Trump hold urgent talks to reopen the Strait of Hormuz amid Middle East strikes, raising concerns over UK involvement in a US-Iran conflict

International Business Times UK

Strike in Iraq reportedly kills seven fighters – as it happened

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The Guardian - AU

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ASX tumbles to lowest level since May as war drags on

Australia's mining sector is under renewed pressure, after gold tumbled to a two-month low as oil prices skyrocket and hammer hopes for global growth.

AAP

After Trump's warning, Iran threatens to close the Strait of Hormuz

Iran has threatened to completely shut the Strait of Hormuz if the US strikes its energy facilities, warning that regional energy infrastructure hosting US bases would become targets. This escalation follows President Trump's ultimatum. The conflict has already impacted global oil prices and caused significant damage and displacement on both…

The Times of India

Trump's Transport Secretary Urges Americans to Trust a 'Long-Term Strategy' Amid Gas Crisis

As petrol prices soar following the recent Middle East conflict, Transportation Secretary Sean Duffy urges citizens to grant the president grace during this transitional economic period.

International Business Times UK

'Naive' Trump May Have Missed to Consider Iran Conflict Could Cause 'Immense Oil Crisis', ex-CIA Director Says

The global energy market faces a potential collapse as tensions between the US and Iran escalate. Former CIA Director Leon Panetta criticizes Trump's approach.

International Business Times UK

Oil prices volatile after Trump's Strait of Hormuz threat

It suggests traders don't see a near-term end to the war or risks to oil transit in a key strait that's throttling supplies.

Axios

As Trump eyes climactic battle for Hormuz, he could give Iran a 'taste of their own medicine' with a naval blockade that implodes the economy

"That might open up the Strait of Hormuz a lot faster than anything else."

Fortune

Natural gas prices in Texas plunge deep into negative territory and producers are burning it off, while the rest of the world braces for shortages

Over the past week, spot prices at the Waha gas trading hub in the Permian Basin fell as low as -$9.75 per million British thermal units.

Fortune

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Barchart

Iran War, Oil Volatility and Other Key Things to Watch This Week

Markets enter an important week dominated by extraordinary uncertainty around the Iran war trajectory following President Trump's late Friday Truth Social post suggesting he is considering "winding down" military operations.

Barchart

This ‘Alpha Male’ Stock Is Profiting as the Strait of Hormuz Remains Closed. Should You Buy It Now?

Frontline stock is gaining attention as tanker rates surge amid geopolitical disruption, creating a powerful but potentially cyclical opportunity.

The Times of India

Will Trump's 48-hour ultimatum to Iran leave him red-faced again?

As a 48-hour deadline looms, Iran has retaliated against President Trump's threat to "obliterate" its power plants. Tehran warns that energy facilities in countries hosting US bases are now "lawful targets." The escalating conflict, now in its fourth week, has already seen cross-border attacks and rising casualties, with oil prices…

The Guardian - UK

Iran vows to destroy Middle East water and energy facilities if US attacks power plants

Tehran’s response to Trump’s threat signals a potentially dangerous escalation as both sides menace sites relied on by millions

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The Guardian - AU

As Labor faces pressure to respond boldly to oil shock, it needs to find more unconventional levers to pull

Leveraging Australian gas exports to ensure we get oil in return is among the offbeat ideas we could be hearing more about

We Got This Covered

Trump is now letting Iran sell its stranded oil, because nothing says “maximum pressure” like handing the enemy a paycheck in the middle of a war

Whatever Obama did, Trump is doing it worse and calling it victory.

The Guardian - UK

Starmer adviser urges ministers to look at profits cap for energy and petrol firms

PM’s ‘cost of living champion’ calls for consideration of temporary measure to prevent profiteering from Iran war

Ideal Home

This ProBreeze heater finally changed my opinion of oil-filled radiators – turns out they are not the old-fashioned relics I once thought they were

It turns out they are not the old-fashioned relics I once thought they were

The Guardian - UK

Energy shock talk grabs headlines but the Iran war is also driving the world towards a food crisis

Growers face soaring fertiliser and fuel costs as shipping choke point of the strait of Hormuz hits supply chains

Grocery Coupon Guide

8 Grocery Items Quietly Rising in Price This Spring

Spring brings a shift in the supermarket. The weather gets warmer, and consumer habits change. Shoppers look for fresh produce and grilling supplies. While some spring vegetables get cheaper, other staple items are creeping up in price. Global supply chain issues and weather patterns drive these costs higher. Shoppers need…

The Times of India

Strait of Hormuz choked by war: Shipping plunges 95%, 20,000 seafarers stranded — All you need to know

Iran declared the Strait of Hormuz open to all except its "enemies," the US and Israel, following a 48-hour ultimatum from President Trump. The crucial waterway, vital for global oil, has seen a 95% drop in traffic due to escalating Middle East conflict, with thousands stranded and shipping costs soaring.

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