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The Latest Breaking News from Oil

Want to bet on oil prices this weekend? Traders are rushing to this hot crypto platform amid the war in Iran

: Hyperliquid is one of the most popular exchanges to trade cryptocurrencies—and increasingly bet on real-world assets like oil.

Fortune

Trump threatens Iran's oil infrastructure after US bombs Kharg Island military sites

Trump said US forces had "totally obliterated" all military targets on Kharg Island oil export hub, describing it in a social media post as "one of the most powerful bombing raids in the History of the Middle East."

Euronews

What are the consequences of war in the Middle East for African countries?

As oil prices soared to more than $100 a barrel this week, what will the economic consequences of the war in the Middle East be for African countries? Which sectors are most at risk? RFI spoke to Guinea-Bissau economist Carlos Lopes, former executive secretary of the United Nations Economic Commission…

Radio France Internationale

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Having misjudged Iran, Donald Trump now risks falling into his own trap

THE INDEPENDENT VIEW: Editorial: The US president insists the Iran war is won and that he could end it ‘very soon’ – but, as the only leader with the firepower to unblock the Strait of Hormuz and get global oil and gas supplies moving again, he cannot yet extricate himself,…

The Independent UK

Gas Prices Are Rising Fastest in These States

Gas prices jumped as much as 30% in these states.

Kiplinger

Trump shares bombing video showing apparent strike on Kharg Island

Donald Trump posted surveillance footage showing apparent strikes on Iran's Kharg Island, the country’s main oil hub.

The Independent UK

Iran considers allowing oil tankers to pass through the Strait of Hormuz - but there is a condition

Iran is considering allowing a limited number of oil tankers to pass through the strategic Strait of Hormuz, provided that the oil cargo is traded in Chinese yuan, CNN reported quoting an Iranian official.

The Times of India

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Iran strike on UAE's Fujairah port oil terminal triggers huge fire

The Times of India

Trump boasts US ‘totally obliterated’ targets in massive strike on Iran’s Kharg Island

The president said American forces struck Kharg Island – which handles most of Tehran’s oil exports – and warned he could still destroy its energy infrastructure if Iran interferes with ships in the Strait of Hormuz

Evening Standard

4 Divine Guardians Quietly Protecting Hindu Families

In many Hindu homes, the first prayer of the day is offered to a name that outsiders rarely recognize. It is not always a famous deity worshipped across temples and scriptures. Sometimes, it is a guardian deeply connected to the family itself one believed to have protected generations. While many…

MyLifeXP

Skyrocketing energy prices and inflation woes mount as the ‘absurd’ reality in Iran sinks in

Energy prices may jump to all-time highs soon as the Iran war escalates without a ceasefire or a clear victory.

Fortune

Why Iran Suddenly Allowed Indian LPG Ships Through Hormuz

Sometimes the biggest global crises are solved quietly. No headlines. No dramatic announcements. Just a few urgent phone calls between world leaders. But behind those conversations, decisions are made that affect millions of everyday lives. Recently, something similar happened when Iran allowed two Indian LPG carriers to pass through the…

MyLifeXP

Ukraine-Russia war latest: Zelensky blocks drone sales as he waits for Trump to resume peace talks with Putin

Zelensky says Washington had proposed hosting a meeting but Moscow refused to send a delegation to take the talks forward

The Independent UK

Is Kharg Island Iran’s Achilles Heel? Why Trump has designs on tiny oil hub in the Persian Gulf

IN FOCUS: The island holds 94 per cent of Iran’s oil exports and could choke off the country’s economy for years. Maira Butt and James C. Reynolds report

The Independent UK

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Newslaundry

TV Newsance 336 | LPG shortages hit kitchens across India, yet TV media says ‘no crisis'

This week on TV Newsance, we track the fallout of a world on fire as the Iran-Israel-US conflict enters its second week of devastation. With oil facilities in flames and Iranian skies choked by soot, the images coming out are nothing short of apocalyptic. Following the closure of the Strait…

The Independent UK

Iran-US war latest: Dubai shuts airport as Trump warns Nato faces ‘bad future’ if allies don’t help open Strait of Hormuz

The US president said it is only appropriate that those who benefit from oil coming through the waterway help to free it

The Independent UK

The Latest: Trump threatens Iran's oil infrastructure after US bombs island military sites

President Donald Trump says the U.S. destroyed military sites on an island vital to Iran’s oil network and warned that the island’s oil infrastructure could be next if Iran continues to interfere with the passage of ships through the Strait of Hormuz

The Times of India

‘One bullet and I’d hit Kharg’: Trump’s 38-year-old Iran warning resurfaces after latest strike

A resurfaced interview from 1988 has drawn fresh attention after US President Donald Trump ordered strikes on Iran’s strategic Kharg Island, revealing that the US president had spoken about attacking the same target nearly four decades ago.

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news in one place.

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The Independent UK

US bombs military sites on Iranian island as Trump threatens its oil infrastructure

The Guardian - US

President renews call for allies to secure strait of Hormuz – as it happened

This blog is now closed.

The Times of India

Watch: Donald Trump shares 'unclassified' video of US bombing Iran's crucial oil hub Kharg Island

US President Donald Trump announced a major bombing raid on Iran's Kharg Island, sharing "unclassified" aerial footage. While claiming military targets were obliterated, Trump stated oil infrastructure was deliberately spared, warning of reconsideration if shipping through the Strait of Hormuz is threatened. Iran confirmed strikes but denied any infrastructure damage.

The Independent UK

Jet fuel prices are rising. That could make summer flights more expensive

Airline ticket prices are starting to climb as carriers respond to rising jet fuel costs tied to the war in Iran

The Times of India

'White House now begging India': Iran FM Araghchi mocks US U-turn on Russian oil

Iran's foreign minister Araghchi slammed the US for pressuring India to stop Russian oil imports, only to now "beg" for such purchases. He also criticized Europe's stance on the Ukraine conflict. Meanwhile, Iran assured safe passage for Indian vessels through the Strait of Hormuz, highlighting strong India-Iran ties and shared…

The Times of India

'Heart of Iran's oil exports': US strikes Kharg Island — why it’s a big blow to Tehran

US President Donald Trump on Saturday announced that the United States had carried out strikes on Iran’s key oil export hub at Kharg Island. The US president said the operation targeted critical energy infrastructure linked to Iran’s oil trade.

The Guardian - UK

Iran threatens to escalate war after Trump says ‘many countries’ will send warships to strait of Hormuz

US president calls on China, France, Japan and the UK to send vessels after US strikes Kharg Island oil facilities

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