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The Latest Breaking News from Oil

Trump Admin Considers Suspending 100-Year-Old Law 'Jones Act' Amid Iran Conflict and Soaring Fuel Prices

The Trump administration considers suspending the century-old Jones Act to tackle soaring fuel prices amid Iran conflict, risking shifts in US maritime and energy policies.

International Business Times UK

IEA to consider release of more oil reserves as Iran war keeps prices high

Head of world’s energy watchdog says it will take time for markets to recover from ongoing crisis in strait of Hormuz

The Guardian - UK

'Blackmail is also not what I wish for': America’s allies are ghosting Trump on Strait of Hormuz

The price of oil sank Monday after Bessent said the U.S. “allowed” tankers to cross, despite the lack of assistance.

Fortune

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Donald Trump pulls his top general into the Oval Office over the Strait of Hormuz – the answer left him with zero good options

It’s not as simple as it looks.

We Got This Covered

Trump warns US allies to ‘get involved and quickly’ with Iran war in rambling remarks

America’s usual allies, such as the UK and France, have thus far resisted Trump’s demand to help the US escort oil tankers through the Strait of Hormuz, earning the president’s condemnation

The Independent UK

FTSE 100 ends higher as oil price gains moderate

Nato and other Western allies pushed back on US President Donald Trump’s demand that military alliance members help reopen the Strait of Hormuz.

Evening Standard

‘Struck more than 7,000 targets’: Donald Trump says Iran has been ‘literally obliterated’ as he presses allies to help reopen Strait of Hormuz

US President Trump declared Iran's military "literally obliterated" after over 7,000 strikes, claiming significant reductions in missile and drone attacks. Despite asserting control over the Strait of Hormuz, he urged allies to assist in securing shipping, but faced cool responses from key nations like Germany and Japan.

The Times of India

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Why The 2026 Toyota Corolla Cross Hybrid Could Be The Smartest Budget SUV Buy Amid Rising Fuel Costs

Explore the features of the 2026 Toyota Corolla Cross Hybrid, a compact crossover offering fuel efficiency and affordability amid rising oil prices.

International Business Times UK

Soybeans Collapsing at Midday on China Uncertainty

Soybeans are collapsing on Monday, with midday losses of 50 to 61 cents in the front months as doubt is growing on additions Chinese purchases. The cmdtyView national average Cash Bean price is down 60 ¾ cents at $1.90 3/4. Soymeal futures are down $8.60 to $9.20 at midday, with...

Barchart

Corn Facing Double Digit Losses on Monday

Corn futures are trading with 11 to 12 ¼ cent losses in the nearbys on Monday’s midday. Pressure is coming from beans and crude oil slipping $3.19. The CmdtyView national average Cash Corn price is down 12 cents to $4.11 1/2. Monday morning’s Export Inspections report showed 1.658 MMT (65.3...

Barchart

Wheat Falling Lower on Monday

The wheat complex is trading with losses on Monday. Chicago SRW futures are trading with 11 to 12 cents so far at midday. KC HRW futures are trading with 8 to 9 cent losses on Monday. MPLS spring wheat is down 7 to 9 cents so far. Crude oil is...

Barchart

Cotton Rallying on Monday

Cotton futures are trading with 158 to 255 gains so far on Monday. Crude oil is down $3.19 to $95.51, with the US dollar index down $0.362 to $100.00. US Treasury Secretary Bessent and Chinese counterparts met this weekend in Paris to prep for the meeting between President Trump and...

Barchart

The strikes on Iran’s Kharg Island seem to be a fantasy Trump has been harboring for close to four decades

He said he wanted this war even before I was born.

We Got This Covered

Are fuel price increases making you cut back? We would like to hear from you

Perhaps you are limiting car journeys or reducing the amount of cooking you do. Tell us

The Guardian - UK

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International Business Times UK

'Permanent High Point': Did Fuel Stations Overcharge Australians Amid Middle East Conflict?

The NRMA has accused some fuel stations of jacking up prices during the Middle East conflict and warned that record-high fuel costs in Sydney, Melbourne and Brisbane may now represent a 'permanent high point'.

Barchart

Is a Short Squeeze Brewing in This Hard-Hit Airline Stock Amid Iran War?

Airline shares have slumped on geopolitical fears, yet elevated short interest leaves room for a sharp rebound.

Times Life

3 Timeless Chanakya Secrets for Mind Mastery and Peace

Acharya Chanakya was an Indian philosopher who gifted us timeless wisdom about power, statehood, political relations and about life itself. Indeed, the advices and ideas of Chanakya helped the emperor Chandragupta in establishing the Maurya Empire in 320 BCE. Arthashastra and Chanakya Niti are two classic texts that cover most…

Euronews

Why is the Strait of Hormuz critical to Europe?

The closure of the Strait of Hormuz is affecting energy prices for industries and households, but the vital trade passage also accounts for a significant share of fertiliser shipments, threatening long-term food production. Euronews' explainer goes through the main issues affecting the Strait.

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The Independent UK

Oil prices send Wall Street toward best day since Iran war began

The U.S. stock market has a track record of bouncing back relatively quickly from military conflicts in the Middle East and elsewhere

International Business Times UK

Trump Says US Could Strike Iran's Kharg Island Again 'Just for Fun'

Amid rising tensions, Trump suggests further strikes on Iran's strategic Kharg Island, a key oil hub, raising concerns over global energy stability.

Fortune

There's an oil price scenario that would bring the US economy to a 'standstill;

Higher-for-longer oil prices would lead to economic spillover effects that are much harder to control.

Barchart

Sugar Prices Weighed Down by Weakness in Crude Oil

May NY world sugar #11 (SBK26 ) today is down -0.20 (-1.39%), and May London ICE white sugar #5 (SWK26 ) is down -2.50 (-0.60%). Sugar prices are sliding today amid weakness in crude oil prices. WTI crude (CLJ26) is down by more than -3% today, which undercuts ethanol prices...

AAP

Collateral damage: war threatens to blow up inflation

Domestic pressures were behind the Reserve Bank's decision to hike interest rates, governor Michele Bullock says, although the Iran war will worsen inflation.

International Business Times UK

'Evacuate Now': Iran Issues Stark Warning to Workers at UAE Ports Amid Escalating Tensions

A fresh drone strike on the UAE's Fujairah oil hub has triggered a major fire and suspended loading operations, days after Iran-linked forces warned workers at key Emirati ports to evacuate.

Euronews

US Treasury chief calls Paris talks with China 'very good' before Trump-Xi summit

High-level US and Chinese officials have wrapped up two days of economic discussions in Paris, with the US Secretary of Treasury describing the sessions as productive ahead of President Trump's visit to China.

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