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The Latest Breaking News from Oil

Europe’s ‘staggering’ clean power gains undermined by failure to phase out fuel-burning machines

The EU’s reluctance to replace petrol cars and gas boilers keep it hooked on foreign fuels, say industry groups

The Guardian - UK

Viral Story Claims Kneecap Concert Caused Hospital Deaths In Cuba By Draining Power Grid — Debunked

A viral claim blaming an Irish rap group for Cuban hospital deaths is false. The real cause is a US fuel blockade and a turbine failure.

International Business Times UK

Watchdogs Question India's Reliance Industries' £7.7M Trump 'Fee' After String of US Government Wins Worth Billions

A $10 million payment from India's Reliance Industries to Trump's business for an unannounced Mumbai project raises ethical concerns.

International Business Times UK

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Welcome to the spring of travel hell

Prices are up, security lines are stretching into parking garages and safety worries are back.

Axios

First Thing: Iran war energy crisis equal to 70s twin oil shocks and Ukraine invasion fallout, IEA chief says

Fatih Birol says effects on energy markets not initially understood by world leaders. Plus, feminist magazine reclaims Charlie Kirk-style campus tours

The Guardian - UK

The Strait of Hormuz Standoff: Why a 5-Day Delay Won't End the 'De Facto Blockade'

President Trump has postponed his ultimatum to strike Iranian power plants for five days, but the Strait of Hormuz remains a 'de facto' minefield. Discover why the US Navy's traditional power is struggling against Iran's asymmetric siege and the bizarre 'China Owner' tags tankers are using to survive.

International Business Times UK

Stocks Rebound as Crude Oil Sinks After President Trump Eases Iran Threats

The S&P 500 Index ($SPX ) (SPY ) today is up +1.73%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.97%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.79%. June E-mini S&P futures (ESM26 ) are up +1.47%, and June E-mini Nasdaq futures...

Barchart

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AI will tell you Australia’s fuel reserve is in the US. But is that even true?

Australia does not have a government-backed stockpile, experts say, and even if we did still store oil in the US, it would not be much

The Guardian - AU

Dead gardens, dusty cars: Frustrated Corpus Christi residents take precautions as water crisis nears

The city’s water supply has been nearly depleted by a prolonged drought and a recent boom of oil refineries in the area. Locals have been limiting outdoor watering, shower time and car washes.

The Texas Tribune

Oil Prices Plunge 13% as Donald Trump Delays Threat to 'Obliterate' Iran Power Plants

Donald Trump stepped back from his threat to destroy Iran's power plants on Monday, announcing a five‑day postponement of planned military strikes after reporting constructive diplomatic talks with Tehran. The announcement sent Brent crude falling sharply, offering global markets a rare moment of relief as the month‑long conflict showed its…

International Business Times UK

3 High-Yield Stocks to Buy Now If You Are Looking to Invest for Stagflation

These high-yield stocks offer a compelling mix of income and defensive stability, making them attractive options for investors preparing for a potential stagflationary environment.

Barchart

Iran has finally exposed the limits of Trump’s power

ANALYSIS: A five-day ‘pause’ allows Gulf nations to find dwindling air defences, buys Iran’s decentralised military system respite and gives Trump the chance to reflect on how to get out of a quagmire Tehran prepared for him, writes world affairs editor Sam Kiley

The Independent UK

Kevin O'Leary Predicts the Strait of Hormuz Crisis Will be Resolved in The Next 30 Days

Kevin O'Leary discusses the potential resolution for the Strait of Hormuz blockade and its impact on global oil prices and the US economy.

International Business Times UK

Trump 'Panicking' With 'No Plan' on Hormuz as He Loses Control of the Iran War, Lawmakers Say

Lawmakers agonize over Trump having 'no war plan' for Iran. The president's inconsistent handling of the Hormuz crisis sparks global instability, raising legal, strategic, and economic concerns.

International Business Times UK

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Fortune

Current price of oil as of March 23, 2026

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

Marie Claire

I’m a Ouai Loyalist—These 7 Products Are Hands-Down the Best for Fine Hair

My favorites, ranked.

Euronews

Gold and silver plunge and then recover after Trump's Iran talks statement

Middle East conflict was supposed to boost precious metals. Instead, oil and rate fears have sent silver crashing 40%, and gold is feeling it too.

Evening Standard

Oil prices retreat and markets pull out of nosedive on US-Iran talk hopes

Brent crude swiftly fell as much as 10% after President Donald Trump said the US would pause strikes for five days.

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news in one place.

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The Conversation

Trump’s ‘Venezuela solution’ to Cuba would see the island nation returned to a client state

The U.S. and Cuban governments have been at odds since the conclusion of the Cuban Revolution 67 years ago. Yet despite pressure, embargoes and various CIA plots, the communist government in Havana has resisted the wishes of its very powerful neighbor separated by just 90 miles (145 kilometers) of water.

The Independent UK

Oil prices tumble and markets rebound after Trump announces Iran strike pause

Brent crude swiftly fell as much as 10% after President Donald Trump said the US would pause strikes for five days.

Watch out, Weber – Campingaz just debuted the griddle of the year and it’s only £200!

Campingaz’s new griddle has a clever lid for the best cooking performance

International Business Times UK

NATO Expects Europe to Unite on Iran War as Trump Calls Them 'Cowards' Amid Oil, Market Chaos

As the Middle East crisis deepens, Europe grapples with tough decisions amid rising tensions with NATO and the US. Discover the latest developments and their impact on global markets.

International Business Times

US-Iran War Costs Soar Past $25 Billion for America as Global Economy Reels from Oil Shock

The ongoing U.S.-led military campaign against Iran, now in its fourth week, has already cost American taxpayers an estimated $25 billion to $30 billion in direct military expenditures, with broader global economic damage mounting from disrupted energy supplies, surging oil prices and market volatility.

International Business Times

World Oil Prices Surge to Near $113 as US-Iran Conflict Disrupts Strait of Hormuz Flows on March 23, 2026

Global oil prices climbed sharply Monday amid persistent disruptions to the Strait of Hormuz caused by the ongoing U.S.-Iran conflict, with Brent crude benchmark rising to around $113 per barrel as supply fears intensified in the fourth week of hostilities.

International Business Times UK

Trump Presidency in Peril as Inflation Forecast Shows Prices Surging Past 5%—Fuel Costs and Iran War Backlash Mount

Economic forecasts warn of US inflation surpassing 5% due to rising fuel costs linked to the Iran conflict, posing challenges for Trump's administration.

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