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The Latest Breaking News from Oil

Trump says US does not need Nato after being rebuffed over strait of Hormuz

Amid escalation of Middle East crisis, US president describes rejection of call for help as a ‘foolish mistake’

The Guardian - UK

Beard Oils Can Trigger Breakouts and These Ingredients Cause Trouble

Beard oils promise a soft, shiny mane that smells like a forest after a fresh rain, but not every drop plays nice with your skin. Some oils and additives can turn a dream beard into a breakout nightmare. That smooth, polished look might come at the cost of clogged pores,…

Clever Dude

Soybeans Bouncing Higher on Turnaround Tuesday

Soybeans are showing a bounce on Tuesday, with turnaround action of 6 to 15 cents higher. The cmdtyView national average Cash Bean price is up 6 1/2 cents at $10.86 1/4. Soymeal futures are $0.80 to $1.00 lower in the front, with Soy Oil futures up 195 to 206 at...

Barchart

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Cotton Seeing Green on March 17th

Cotton futures are trading with 80 to 90 point gains on Tuesday’s midday. Crude oil is back up $2.17 to $95.67, with the US dollar index down $0.118 to $99.345. The Seam showed sales on 17,379 bales on Monday, averaging 63.71 cents/lb. The Cotlook A Index was up 70 points...

Barchart

As war raises oil prices, households pay while energy companies profit

War is costly. The ongoing American-Israeli war on Iran is already reverberating through the global economy. For most people, including American citizens, it means higher fuel prices and greater economic uncertainty.

The Conversation

Stocks and pound rise as US rate call approaches

The FTSE 100 index closed up 85.91 points, 0.8% at 10,403.60 and the FTSE 250 was up 158.43 points, 0.7%, at 22,180.90.

Evening Standard

Iran oil crisis: why NZ’s car dependence is now a strategic liability

The war in Iran and the effective closure of the Strait of Hormuz have sent oil prices past US$100 a barrel – and Kiwis flocking to fill up. Petrol just hit NZ$3 a litre and some stations have reported running dry.

The Conversation

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Starmer says 'we can't lose focus' on Ukraine amid Iran war during Zelenskyy visit

Zelenskyy's visit comes at a time when the Iran war has revived Russia’s ailing economy through increased oil revenue and scuttled US-brokered talks to end Russia’s invasion of Ukraine.

Euronews

Trump’s disastrous diplomatic moves are creating a new reality, leaving an entire continent bracing for an unimaginable catastrophe

Africa is facing a chilling new threat as ongoing conflict in the Arab world drastically disrupts vital supply chains, leaving countries across the continent bracing for severe economic fallout. This isn’t just about oil; we’re talking about crucial fertilizer imports that many African nations depend on heavily, and the ripple…

The Mary Sue

Starmer has made ‘big mistake’ on Iran stance, Trump claims

The US president also suggested the Prime Minister had not been appreciative of his efforts to strike a good trade deal with the UK.

Evening Standard

Israeli strikes on Tehran oil depot highlight gaps in international law

One of the most alarming incidents to occur in the United States-Israel war against Iran was the recent bombing of a fuel depot in Tehran. Harrowing images showed toxic black smoke blanketing the skies above the city. Residents reported difficulty breathing and burning eyes and turned to wearing face masks.

The Conversation

Sugar Prices Climb on Strength in Crude Oil

May NY world sugar #11 (SBK26 ) today is up +0.28 (+1.97%), and May London ICE white sugar #5 (SWK26 ) is up +11.40 (+2.76%). Sugar prices are climbing today, with London sugar posting a 1-week high as higher crude oil prices encourage the world's sugar mills to boost ethanol...

Barchart

Macron says France could join Hormuz ship escorts once situation 'calmer'

The French president rejected US President Trump's calls for immediate action to reopen the key oil route, but said an international escort mission could be considered once fighting subsides.

Euronews

Crude Oil Prices Gain as Iran Renews Attacks on Middle East Energy Infrastructure

April WTI crude oil (CLJ26 ) today is up +1.41 (+1.51%), and April RBOB gasoline (RBJ26 ) is up +0.0849 (+2.83%). Crude oil and gasoline prices are moving sharply higher today, with gasoline posting a 1-week high. Energy prices are rising amid renewed attacks on key energy infrastructure in the...

Barchart

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Barchart

Airline Stocks Have Been Hard Hit by Iran War, but Citi Is Betting Big on These 2 Names

Citi says Delta and SkyWest are the least sensitive airlines to shocks in oil prices.

Latin Times

Rick Scott Says He Wants Oil Prices To Come Down But It's More Important To Dismantle The Iranian Regime: 'I Don't Want To Die'

Florida Senator Rick Scott said he wants oil prices to come down in the U.S. but it's more important to dismantle the Iranian regime first.

Barchart

Stocks Climb on Strength in Chip and Travel Stocks

The S&P 500 Index ($SPX ) (SPY ) today is up +0.64%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.59%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.80%. March E-mini S&P futures (ESH26 ) are up +0.57%, and March E-mini Nasdaq futures...

Woman & Home

I never gelled with hair oils, until I tried Aveda's Miraculous Concentrate - now I'm hooked

Oils always left my fine hair looking greasy and flat, but this Aveda formula has completely changed the game

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International Business Times UK

'Oldest Ally' or Not, Starmer Defies Trump with UK Out of Iran Conflict—'Will Not be Drawn Into Wider War'

Prime Minister Keir Starmer has rejected President Trump's calls for UK military intervention in the Iran conflict, prioritising regional de-escalation over the 'Oldest Ally' alliance.

Barchart

Stocks Supported by Lower Bond Yields

The S&P 500 Index ($SPX ) (SPY ) today is up +0.80%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.88%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.93%. March E-mini S&P futures (ESH26 ) are up +0.73%, and March E-mini Nasdaq futures...

The Independent UK

Countries slash workweek and enact strict AC and elevator bans in ‘energy triage’

Analysts warn the same hard choices could soon spread as countries compete for scarce supplies

Evening Standard

UK in ‘better place’ to handle Iran war thanks to Chancellor, PM tells ministers

Tuesday’s Cabinet meeting took place in the middle of the war’s third week, with oil prices remaining above 100 US dollars (£75) per barrel.

Euronews

Is Asia’s energy lifeline on the line due to tensions in the Strait of Hormuz?

Countries across Asia are scrambling to contain surging energy costs and fuel shortages as disruptions in the Strait of Hormuz threaten supplies.

The Conversation

Would more North Sea drilling lower UK energy bills? Our analysis says no

As the Middle East conflict intensifies and oil and gas prices swing wildly, the UK has seen renewed calls to drill more in the North Sea. The argument is straightforward: if Britain produces more of its own oil and gas, household energy bills should fall.

The Guardian - UK

How Pakistan’s people-led solar boom is easing impact of Middle East energy crisis

Falling costs and government incentives make solar an attractive option for many, reducing need for gas

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