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The Latest Breaking News from Oil

Houthi Entry Into Iran-Israel War Stokes Fresh Alarm Over Red Sea Trade Routes and Global Oil Prices

Iran-backed Houthis fired missiles at Israel for the first time since the month-old war began, raising fears of renewed Red Sea shipping disruption and surging oil prices.

International Business Times UK

Dollar dominance is reinforced by the global oil trade, but the Iran war could give rise to the 'petroyuan' as U.S. security shield weakens

"The world saves in dollars in large part because it pays in dollars," Deutsche Bank said.

Fortune

The psychology of panic buying: what prompts consumers to start stockpiling – and how do we stop it?

The scarcity heuristic, exploited by advertisers to trigger impulse buys, can cause panic buying. But telling consumers not to panic, may make them panic more

The Guardian - AU

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A Houthi missile attack on Israel stokes fears of renewed Red Sea shipping strikes

Iranian-backed Houthi rebels in Yemen have launch missiles toward Israel and raised fears of new attacks on Red Sea shipping

The Independent UK

Spring Houseplant Pests Are Waking Up, But This $17 Organic Spray Gets Rid of Them Instantly – and Leaves Your Plants Looking Glossy

Shoppers say it even has a pleasant scent

Homes & Gardens

Texas Gas Prices Hold Steady While Other States Climb — What’s Keeping Costs Down?

If you’ve been watching gas prices lately, you’ve probably noticed something strange—costs are rising across much of the U.S., but Texas gas prices are still...

Saving Advice

One Of The Ships Carrying Russian Oil In The Atlantic Arrived In Venezuela Rather Than Cuba

One of two ships carrying Russian oil that appeared to be heading to Cuba arrived in Venezuelan waters, according to a new report.

Latin Times

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How EVs could be part of answer to UK’s fuel reserve worries

More use of two-way charging will earn money for owners and could avoid the need to expand North Sea oil drilling

The Guardian - UK

‘Dangerously moreish’: the best supermarket Easter eggs, tasted and rated

With an egg-cellent roster on offer, which chocolate treats are the most moreish and which aren’t worth shelling out on?

The Guardian - UK

Gold Price Gains: Bullion Rises To $4,550 Despite Turkey's 60-Ton Sell-Off Shock

Gold prices have clawed back above $4,500 an ounce, heading for their first weekly gain since the Iran war began, even as Turkey's central bank dumped 60 tonnes of bullion.

International Business Times UK

Oil Price Update: Brent Crude Hits $107.81 Per Barrel Following $2 Daily Gain

Brent crude climbed to $107.81 per barrel on Thursday, extending a steep month-long rally that is reviving concerns about inflation and fuel costs.

International Business Times UK

Trump’s ‘God Squad’ pits energy vs. endangered species, but it’s a false choice – protecting wildlife can be good for business

There’s a well-worn debate in U.S. politics that goes something like this: Would you rather have abundant and affordable energy or a clean, healthy planet where wildlife can flourish?

The Conversation

I Bought a House With Solar Panels. What Do I Do With Them Now?

The $20 utility bills are definitely a "pro."

Kiplinger

Thailand strikes deal with Iran for safe oil passage through Strait of Hormuz, PM says

Development would alleviate concerns over fuel imports, Thai PM says

The Independent UK

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The Times of India

One month of Iran war: Tehran's defiance turns Trump's regime-change dream into nightmare

On February 28, what began as Donald Trump’s “dream” project to topple Iran’s regime under Ali Khamenei now appears to have shifted into a pressing push for a “deal”, a term the US president frequently invokes, aimed at reopening the vital oil chokepoint, the Strait of Hormuz.

Fortune

Iran's Hormuz toll booth points toward an L-shaped price plateau, not the V-shaped recovery traders want

True market clarity will emerge only when we shift our focus from fleeting financial reactions to the physical engineering realities that power the globe.

Euronews

Yemen's Houthis say they carried out their first military operation targeting Israel 'successfully'

Yemen’s Iran-backed Houthi rebels say they launched their first military operation targeting Israeli military positions in support of Iranian and Hezbollah resistance efforts. The group said its attacks will continue until Israel halts its military offensives on all fronts.

Fortune

An uneasy mix of celebration and anxiety dominates the ‘Davos of energy’ as the month-long Iran war further disrupts the global economy

The longer the Iran war lasts the more long-term demand destruction, inflation, and a global recession take hold.

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The Guardian - UK

Hundreds of North Sea licences granted by Tories ‘produce only 36 days of gas’

Exclusive: Findings cast doubt on claims new drilling would help cut bills and boost energy security, researchers say

The Independent UK

Africa is hurting again from a global crisis it had no part in starting

Euronews

Oil, energy and food: Which countries in Europe are most exposed to higher food prices?

The crisis in the Middle East is driving up oil prices, affecting both energy and food costs. Experts agree that the Iran crisis will significantly impact food prices in Europe.

MyLifeXP

G7 Shock: Global South Sends Urgent Message

While headlines are filled with wars and political tensions, a deeper and more dangerous crisis is quietly building beneath the surface. At the recent G7 meeting, S. Jaishankar delivered a warning that went beyond geopolitics. He didn’t talk about weapons or borders. He spoke about something far closer to home…

The Times of India

Watch: US President calls it ‘Strait of Trump,’ then says it wasn’t an accident

US president Trump playfully referred to the Strait of Hormuz as the "Strait of Trump" during a Miami speech, drawing laughter. The comment comes amid heightened tensions over the critical oil shipping route, which Iran has the ability to disrupt. Trump's remarks align with his history of branding and a…

The Independent UK

10 US service members injured in Iranian attack on Saudi base

Iran's ambassador to the UN confirmed the nation would "facilitate and expedite" such movement

Barchart

Cotton Rallies on Friday

Cotton futures posted gains of 3 to 45 points on Friday, with a weekly gain of 215 points for May. The US dollar index was $0.337 higher at $100.045. Crude oil saw some late session buying up $6.68 on the day to $101.16. Export Sales data now has the 9.556...

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