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The Latest Breaking News from Oil

France treads 'a fine line between defensive and offensive’ in Middle East

President Emmanuel Macron has condemned the attacks on Iran by the United States and Israel as a violation of international law, while France deploys military forces to protect its interests in the region and defend its allies hit by Iranian reprisals – a balancing act that could prove to be…

Radio France Internationale

Dollar Strengthens as Iran War Shows No Signs of Easing

The dollar index (DXY00 ) today is up by +0.28% and posted a new 3.5-month high. The dollar is climbing as the war in Iran shows no signs of easing, which threatens to keep crude oil prices elevated. Higher crude prices threaten the European and Japanese economies that rely on...

Barchart

Stocks Retreat From Initial Highs as Oil Prices Rebound

The S&P 500 Index ($SPX ) (SPY ) today is up +0.08%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.30%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.14%. After initially opening higher, stocks are now mixed. WTI crude oil has rebounded off...

Barchart

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Cart of giant gold bars spotted in White House hallway during Donald Trump meeting. But why?

Massive gold bars, initially rumored to be seized from Nicolas Maduro, were displayed at the White House. The real story involves a new licensing deal between a Venezuelan state-owned mining company and Trafigura Group, aimed at re-integrating Venezuela into the global economy and boosting American industry.

The Times of India

Zelenskyy says US 30-day waiver on Russian oil sanctions is 'not the right decision'

Ukrainian President Volodymyr Zelenskyy says the U.S. 30-day waiver on Russian oil sanctions amid the Iran war is “not the right decision” and won’t help bring a stop to Russia’s more than 4-year-old invasion of Ukraine

The Independent UK

‘Certainly does not help peace’: Zelenskyy says US easing of Russian oil sanctions could hand Moscow $10 billion for war

Ukraine's President Zelenskyy criticized a US decision to temporarily ease sanctions on Russian oil, warning it could provide Moscow billions for the war and undermine peace efforts. French President Macron echoed concerns, stating Russia is mistaken if it believes the Middle East conflict offers respite. The US claims the waiver…

The Times of India

Iraq is caught in the crossfire of the Iran war, with attacks by both sides on its soil

Iraq is caught in the crossfire of the Iran war and is the only country facing strikes from both sides, threatening to drag the nation that has so far avoided two years of regional turmoil into a full-blown crisis

The Independent UK

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UK calls for allies to keep pressure on Russia after US eases oil sanctions

No 10 said the decision ultimately lay with the US but that Britain remained committed to bringing ‘maximum’ financial strain on Moscow.

Evening Standard

EU pushes back on US decision to ease sanctions on Russian oil stranded at sea

The Trump administration's decision to allow the purchase of Russian oil stranded at sea was met with criticism in the EU, with Merz and Costa claiming the move undermines support for Ukraine at critical moment.

Euronews

3 Ways to Play Gold Amid the Ongoing Middle East Conflict

The Iran war may change investors' approach to gold, and these three ETFs are a good place to start for those looking to capitalize on new opportunities.

MarketBeat

How latest rise in oil prices will affect cost of petrol and inflation

Rising petrol, energy bills, food shop and mortgages- how the Iran war trickles down into your wallet

The Independent UK

‘I don’t give a shit about Iran. I don’t want to pay higher gas’: Motor City motorists feel pinch as gas prices surge

Drivers in Detroit are unhappy with the spike in gas prices, even if reactions are mixed to the US-Israel war on Iran

The Guardian - US

First Thing: Four crew confirmed dead after US military plane crash in Iraq

Rescue efforts continue for two crew members, while US temporarily lifts sanctions on Russian oil at sea. Plus, how China and the US see each other online

The Guardian - UK

Key inflation gauge worsened in January, before Iran war lifted gas prices

An inflation gauge closely monitored by the Federal Reserve moved higher in January in the latest sign that prices were persistently elevated even before the Iran war caused spikes in oil and gas costs

The Independent UK

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Barchart

Cotton Rallying on Friday

Cotton prices are up 60 to 87 points on Friday morning. Futures saw mostly higher trade at Thursday’s close, as may was the exception down 3 points, with the rest up 7 to 25 points. Crude oil was up $9.15 to $96.40, with the US dollar index up $0.535 to...

Barchart

Soybeans Falling Back Early on Friday

Soybeans are trading with 5 to 8 cent losses in the front months on Friday. Futures slipped back from the midday highs, as contracts were still 2 ½ to 13 ¼ cents higher, led by the front months. Preliminary open interest was up 9,786 contracts on Thursday. March expires at...

Fortune

Current price of oil as of March 13, 2026

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

The Independent UK

Heating oil stolen from UK homes amid surge in prices due to Iran war

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International Business Times UK

Is The Iran War Raising Gas Prices? Here's Why Donald Trump Calls The $3.58 Average A 'Glitch'

Trump calls rising US petrol prices from the Iran conflict a "glitch," as economists warn oil shocks could fuel inflation and carry serious political costs.

MyLifeXP

Gold Crash Alert: Why Prices Suddenly Fell Today

When global tensions rise, investors usually move toward safe-haven assets like Gold and Silver. That is why the recent market reaction surprised many observers. Even as tensions between Iran and Israel intensified, gold prices moved downward instead of rising. The April futures contract on COMEX dropped sharply, catching investors off…

The Independent UK

Thieves target heating oil tanks as prices soar amid Iran war

It comes as prices are reported to be as high as £1.73 per litre

Fortune

Trump once again pushes Powell to drop rates 'IMMEDIATELY,' but a zero-cut year looks increasingly likely

"We have revised our baseline to show only one rate cut in 2026 ... but it is entirely plausible that the Fed won’t deliver any rate cuts this year."

Fortune

Wall Street buckles in for a long war as Hormuz remains closed and Trump says he has ‘plenty of time’

Three words spooking the market.

Whats Hot

Oil Tanker Reaches Mumbai After ‘Dark Transit’ Through Strait of Hormuz Amid Middle East Conflict

A crude oil tanker carrying Saudi Arabian oil has successfully reached Mumbai after navigating through the tense waters of the Strait of Hormuz during the ongoing conflict in West Asia.

The Times of India

Iran war enters Day 14: As conflict completes two weeks, what we know so far - Tehran explosions, Israel strikes, US aircraft crash

The conflict between the United States, Israel, and Iran intensifies. Missile strikes and drone attacks continue across the Middle East. Oil prices surge and global markets react to the growing instability. Regional powers are increasingly drawn into the fighting. The war has spread across multiple fronts, with casualties mounting.

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