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The Latest Breaking News from Oil

Current price of oil as of March 18, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

China treads carefully on Iran war as it balances energy security and neutrality

The Iran war is disrupting global energy flows and increasing the risk of wider regional escalation, leaving major economies such as China walking a tightrope.

Euronews

Trump Says the Iran War Could End Soon: How Your Wallet Could Still Feel the Pinch After It’s Over

President Trump has given mixed signals on the war, signaling it could end soon or continue. Even if it winds down, several factors could squeeze wallets.

GOBankingRates

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read the most diverse news in one place.

Insider Selling: CRWV, DELL & FANG See +$100M in 2026 Sales

Insiders are selling CoreWeave and two other big-name stocks. However, the changing pace of CRWV's insider sales is more interesting than the trades themselves.

MarketBeat

Tanker Believed To Carry Russian Oil Resumes Navigation To Cuba Weeks After Diverting Course

A tanker believed to be carrying Russian oil resumed navigation to Cuba weeks after diverting course as the country continues to endure critical fuel shortages.

Latin Times

Cotton Falling Back on Wednesday AM Trade

Cotton price action is down 10 to 33 points so far on Wednesday. Futures closed the Tuesday session with contracts 48 to 70 points in the green on St Patrick’s Day. Some deferred contracts were up 5 to 18 points. Crude oil was back up $2.52 to $96.02, with the...

Barchart

4 Best EVs To Purchase During the Iran War’s Gas Crisis

With oil and gas prices rising amid the Iran conflict, these top 2026 electric cars offer long range and savings at the pump. See which EVs stand out.

GOBankingRates

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Economists are loathe to mention recessions, but odds just hit 49% for the next 12 months according to Moody’s top economist

"If oil prices remain elevated for much longer (weeks and not months), a recession will be difficult to avoid," Zandi said.

Fortune

Will the Iran war really lead to a global pivot to renewable energy?

IN FOCUS: With US and Israeli strikes on Iran continuing and no end to the conflict in sight, calls are growing for the rest of the world to reduce its dependence on oil and gas. But experts tell Stuti Mishra that moving away from oil is no easy task – if…

The Independent UK

Oil giants pocket extra €81m a day in EU. Here's how much a windfall tax could cut your energy bill

Oil companies in the EU are raking in an additional €81.4 million in profits everyday from soaring fuel prices, as experts call for an urgent windfall tax.

Euronews

Chalmers says latest Treasury modelling shows Australia’s inflation could reach 5%, as national cabinet meets on fuel

Australia’s inflation rate could peak in “the high 4s or even higher” this year, according to Treasury modelling, Treasurer Jim Chalmers says.

The Conversation

Moody's says a US recession is increasingly 'hard to avoid' amid Iran war

Moody’s Analytics model forecasts a 49% chance of a US recession in the next 12 months, the closest probability in years.

Euronews

S&P Futures Climb as Oil Prices Retreat in Run-Up to Fed Rate Decision, U.S. PPI Data and Micron Earnings on Tap

March S&P 500 E-Mini futures (ESH26) are trending up +0.50% this morning as oil prices retreated, while investors awaited the Federal Reserve’s interest rate decision, crucial U.S. producer inflation data, and an earnings report from chip maker Micron.

Barchart

Ukraine accepts EU help to repair Druzhba pipeline

Ukraine has accepted European Union support to repair the Druzhba pipeline, which carries Russian crude oil to Hungary and Slovakia – a move aimed at defusing a dispute that has delayed a vital EU loan to Ukraine and the implementation of further sanctions on Russia.

Radio France Internationale

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Times Life

3 Yogic Steps From Bhagavad Gita to Overcome Stress & Anxiety

When faced with the hardest of all challenges in which he had to face his own family members during the Mahabharata war, Arjuna was taken over by panic and intense anxiety. Keeping his hands in a praying posture towards Lord Krishna, Arjuna said: “I am confused about my duty, and…

International Business Times UK

Trump Accused of 'Stumbling Into War' With Iran as Global Oil Routes Face Disruption

Donald Trump's handling of the Iran conflict has led to soaring gas prices and political turmoil, raising questions about his strategic planning.

The Guardian - UK

Fuel rations and no air con: south-east Asian nations race to conserve energy

Governments in countries heavily reliant on Middle Eastern oil introduce measures to shield public from soaring costs

The Independent UK

India and Pakistan-flagged vessels cross the Strait of Hormuz

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The Independent UK

Indians forced ‘back in time’ to cooking with coal as Iran war gas shortages lead to long fuel queues

Households and small businesses are struggling as disruptions to oil and gas imports due to the Iran war expose India’s deep energy vulnerabilities. Namita Singh reports from Delhi

Euronews

Iran oil exports continue as tankers cross the Strait of Hormuz despite conflict

Dozens of ships are still navigating the Strait of Hormuz as Iran keeps oil flowing, despite continued attacks aimed at one of the world’s most critical trade routes.

The Guardian - UK

War in Middle East has ‘heightened the risks to the global economy’; markets in ‘panic mode’ as oil jumps and shares fall – as it happened

Rolling coverage of the latest economic and financial news

Evening Standard

FTSE 100 Live 18 March: Index extends run despite $100 oil, rates outlook in focus

An oil price above $100 a barrel has failed to prevent the FTSE 100 from posting fresh gains.

The Independent UK

Ukraine-Russia war latest: Putin’s aide says no part of Russia is safe after Kyiv hits base 800km from border

Moscow says Ukrainian attacks on infrastructure within Russia rose sharply in 2025

The Independent UK

A new U.S. trade deal with Indonesia secures fossil fuels and access to critical minerals

A new trade pact between the United States and Indonesia binds the Southeast Asian nation’s resource wealth and energy future more closely to Washington’s strategic needs

The Independent UK

About 90 ships have crossed the Strait of Hormuz since war began. Here’s how

Most shipping traffic through the Strait of Hormuz, which supplies roughly one-fifth of the world’s crude oil, has been halted since early March

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