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The Latest Breaking News from Oil

'We'll make a lot of money,' says Trump as oil price jumps leaving millions facing higher energy, petrol and food bills

‘The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money,’ says the US president

Evening Standard

'We are simply not ready': US says its military cannot escort vessels in Strait of Hormuz right now

America's military is currently unable to escort oil tankers through the Strait of Hormuz. Energy Secretary Chris Wright stated that military assets are focused on Iran's offensive capabilities. Escort operations are expected soon, possibly by month's end. US forces have eliminated Iranian vessels suspected of laying mines near the strait.

The Times of India

First Thing: Iran escalates attacks on infrastructure and transport networks across the Gulf

Oil prices again rise over $100 a barrel as Iran threatens long ‘war of attrition’. Plus, San Francisco slashes air pollution

The Guardian - UK

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Iran strikes neutralise record IEA reserves release as oil tops $100

Oil spiked above $100 a barrel on Thursday following fresh Iranian attacks on Omani oil storage facilities, reversing any downward pressure from the IEA's record release of 400mn barrels announced the previous day.

Euronews

I’m an Economist: 5 Ways the Iran War Could Impact Your Retirement Savings

Rising Iran tensions could further impact markets, oil prices and inflation -- putting 401(k)s, IRAs and retirement savings at risk in unexpected ways.

GOBankingRates

Iran conflict creating ‘largest oil supply disruption in history’, says IEA

It came as oil prices lifted higher again on Thursday as Iran continued to strike key energy and shipping infrastructure in the Middle East.

Evening Standard

Explosive boats set fuel tankers ablaze in Gulf as Iran ramps up threats on global shipping

Iran continues to claim attacks on commercial ships and lay mines in an effort to squeeze international energy markets

The Independent UK

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IEA Releases 400 Million Barrels from Reserves to Ease Energy Prices

The International Energy Agency released 400 million barrels of oil from reserves to stabilize global energy markets disrupted by the Strait of Hormuz crisis.

International Business Times

Watch: Moment Iranian 'suicide boat' struck US-owned tanker

Iran's attack on the US-owned tanker 'Safesea Vishnu' near Basra has claimed the life of an Indian national, with 27 others rescued. This incident, occurring amidst escalating West Asia tensions, has led to the suspension of oil terminal operations in Iraq. India's External Affairs Ministry is prioritizing the welfare of…

The Times of India

Ditch dry, winter skin: 19 ways to supercharge your body care for spring, from head to toe

The great reset is here. Georgia Day rounds up the lotions and potions for your seasonal glow up

Evening Standard

Oil went over $100 again after the U.S. admitted it cannot control the Strait of Hormuz

Oil is trading like a meme stock, some analysts say.

Fortune

Save our soles! Cobblers on the 15 best ways to look after your shoes

Rotate your trainers, oil your leather footwear and use toe protectors – and whatever you do, don’t chuck your shoes in the washing machine

The Guardian - UK

Stocks Slip Before the Open as Middle East Conflict Lifts Oil, U.S. Economic Data on Tap

March S&P 500 E-Mini futures (ESH26) are down -0.62%, and March Nasdaq 100 E-Mini futures (NQH26) are down -0.61% this morning as the escalating Middle East conflict pushes oil prices higher and weighs on risk appetite.

Barchart

Zelenskyy says Ukraine awaits White House sign-off on US drone production deal

Ukrainian President Volodymyr Zelenskyy says he is awaiting White House approval for a major drone production agreement proposed by Kyiv last year

The Independent UK

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The Guardian - UK

Shell CEO’s pay jumps 60% despite slump in profits at oil company

Campaigners say people unlikely to ‘look favourably’ on package for Wael Sawan, which rose to £13.8m in 2025

MyLifeXP

Why Petrol Prices Haven’t Risen Despite $100 Oil

Fuel prices influence nearly every part of daily life. From daily commuting to the cost of groceries and transportation, even a small change at the petrol pump can affect the entire economy. Recently, global oil markets witnessed a dramatic shift as crude oil prices surged close to $100 per barrel,…

Euronews

Iran escalation risks 'stagflation shock' for Europe, Commissioner Dombrovskis tells Euronews

EU economy chief says intensity and duration of the Iran war will define fallout of the crisis on Europe as global coalition agrees to the biggest release of oil reserves in history to stabilise energy market.

The Guardian - US

Israel and the US are fighting Iran together. Are they on the same page though?

The differences between what Trump and Netanyahu want out of this war are starting to show and complicating how it will end

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Tom’s Guide

Oil prices are spiking — here's how I used Google Maps to find cheap gas near me

With gas prices on the rise, here's a quick way to use Google Maps to save money filling your tank.

Axios

Trump's limited gas-price options on Iran

Nothing will approach normal until large-scale tanker traffic through the Strait of Hormuz resumes.

Axios

Iranian oil squeeze tests Trump's war plans

"The Iranians f*cking around with the Strait makes him more dug in," a senior Trump official told Axios.

Evening Standard

Oil prices surge despite global action to boost reserves

Oil prices and financial markets remained under pressure after three more cargo vessels were hit in the Gulf.

Texas Observer

In Rural West Texas, Renewable Energy Brings a Windfall for Seniors

How officials in Crockett County are using wind investments to help older residents age in place

Evening Standard

Over a barrel: what does the energy crisis caused by the Iran war mean for UK households?

With the flow of oil from the Middle East drying up and energy prices skyrocketing, the economic outlook is grim. Jonathan Prynn looks at the options facing Rachel Reeves and Keir Starmer

Whats Hot

Iran Allows Indian-Flagged Ships Safe Passage Through Strait of Hormuz

Iran has allowed Indian-flagged vessels to safely transit the strategically crucial Strait of Hormuz, even as maritime activity through the waterway has slowed significantly following recent United States and Israeli strikes on Iran. The development was reported by The Economic Times and comes amid rising concerns over the safety of…

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