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The Latest Breaking News from Oil

Tuesday briefing: How the conflict in Iran shattered the Gulf state image of peace and luxury

In today’s newsletter: As drones and missiles hit Dubai, Doha and other sites across the Gulf, Hannah Ellis Peterson explains what happens next for the region

The Guardian - UK

After Iran, Trump Now Thinks He Has 'The Honour' Of Taking Over Cuba And Ousting Its President

Donald Trump has said it would be an honour to take over Cuba, signalling ambitions for Trump taking Cuba after Iran as the Caribbean island endures a total blackout and US calls for its president to step down

International Business Times UK

Cuba Faces Blackout Crisis After 3 Months Without Oil Shipments — Millions at Risk, Crisis Continues

Cuba faces a severe island-wide blackout amid a worsening energy crisis, affecting millions and exposing critical infrastructure vulnerabilities. Discover the causes and potential solutions.

International Business Times UK

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Can the Grids Package free the EU from its energy dependence?

US-Iran tensions disrupt Middle East energy routes, driving up oil and gas prices. After the 2022 energy crisis, Brussels launched the Grids Package. Can this plan cut Europe’s reliance on foreign energy?

Euronews

Cuba plunged into darkness as islanders struggle with deepening energy crisis

The third major blackout to hit Cuba in the past four months

The Independent UK

Iran war impact: Sri Lanka shifts to 4-day week to conserve fuel

Sri Lanka has declared Wednesdays a public holiday to conserve fuel amid escalating Middle East tensions impacting global oil supplies. This move, alongside similar measures in other Asian nations like Thailand and Myanmar, aims to mitigate potential shortages. Motorists in Sri Lanka now face fuel rationing, a stark reminder of…

The Times of India

Biden's 2020 Tweet Calling Trump 'Worst President Ever' Goes Viral Again as Iran War Rages

Joe Biden's viral 2020 tweet amid rising gas prices and US-Iran tensions is influencing public opinion, which is turning against Trump's economic policies and military actions, as Biden's words regain relevance today.

International Business Times UK

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Israel launches new strikes on Tehran and Lebanon as Iran hits back and fires on Gulf neighbors

Residents of Dubai and Doha, Qatar, awoke to the sound of explosions as air defenses worked to intercept new waves of incoming Iranian fire

The Independent UK

RBA narrowly votes to lift interest rates. The Middle East war may determine if there’s more to come

The Reserve Bank of Australia (RBA) has lifted official interest rates for the second time this year as it struggles to bring inflation under control, saying inflation is “likely to remain above target for some time”.

The Conversation

Asian shares are mixed and US futures slip as Brent hovers at over $100 a barrel

Shares are mixed in Asian trading after a drop in oil prices helped send the U.S. stock market to its best day since the war in Iran began

The Independent UK

The Latest: UAE briefly closes airspace as Israel strikes Beirut and Tehran

State media in the United Arab Emirates reports that a drone attack sparked a fire at an oil tank farm in the emirate of Fujairah

The Independent UK

Iran-US war latest: Trump threatens to blow up key Iranian gas field if Tehran strikes ‘innocent’ Qatar again

Qatar's Ras Laffan was hit for a second time on Thursday morning shortly before Trump's warning

The Independent UK

‘Iran has crossed every red line’: Gulf nations’ message to US amid escalating Middle East tensions

Gulf Arab nations, while not seeking a US-led war with Iran, warn that inaction risks Iran threatening vital oil routes. US officials are pressing for regional support for a military campaign, as Iran's attacks have heightened fears of it holding the region's energy supply hostage. Gulf leaders believe decisive action…

The Times of India

Iran war pushes importers into energy triage as they conserve power and curb soaring prices

The escalating Iran war is pushing parts of the world into energy triage

The Independent UK

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AAP

Australian stock market gains after split rate decision

The Australian Securities Exchange finished 0.3 per cent higher and the local currency hit a five-day high after the Reserve Bank raised interest rates.

Axios

Most NATO members reject U.S.-led Hormuz Strait coalition, Trump says

The response from many allies: "Hell no."

The Guardian - US

Trump news at a glance: president threatens allies for not wading into strait of Hormuz as Iran conflict continues

US president wants countries to help police the strait after Iran effectively closed the vital fossil fuel shipping channel – key US politics stories from Monday 16 March at a glance

The Guardian - AU

Trump predicts he will have ‘honour of taking Cuba’ amid power blackout

US president declares he can do ‘anything I want’ after oil blockade plunges country into darkness

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International Business Times UK

Is Donald Trump a Psychic? POTUS Claims He Predicted 9/11 Attack, Iran's Response to US-Israel War

Explore Donald Trump's controversial claims about predicting major events and his stance on international conflicts.

Barchart

Corn Falls Lower on Monday

Corn futures posted 12 to 13 1/4 cent losses in the nearbys on Monday. Pressure is coming from beans and crude oil slipping $4.49. The CmdtyView national average Cash Corn price was down 13 cents to $4.11 1/2. Monday morning’s Export Inspections report showed 1.658 MMT (65.3 mbu) of corn...

Barchart

Soybeans Collapse the Limit on Monday, with Uncertainty on China

Soybeans were down 60 to the 70 cent limit on Monday across the front months. Expanded limits of $1.05 are set for Tuesday. The cmdtyView national average Cash Bean price was down 70 1/2 cents at $10.80 3/4. Soymeal futures were down $5.10 to $11.50 in the front months to...

Barchart

Wheat Faces Monday Losses

The wheat complex posted Monday losses across the three markets. Chicago SRW futures were 16 to 17 cents lower in the nearbys. KC HRW futures saw Monday weakness of 13 to 14 cents. MPLS spring wheat was down 10 to 12 cents at the close. Crude oil was back down...

Barchart

Cotton Rally on Monday

Cotton posted Monday gains of 206 to 234 points across the front months at the close, as traders came out of the weekend with a better feeling on the Chinese situation. Crude oil was down $4.49 to $94.22, with the US dollar index down $0.894 to $99.468. US Treasury Secretary...

Axios

Why Trump's Kharg Island attacks could make the oil crisis worse

Trump is weighing a seizure of Iran's critical oil depot on Kharg Island, U.S. officials told Axios.

We Got This Covered

Trump could snub China over Strait of Hormuz, but Xi Jinping has the ultimate checkmate

Tensions are high — and oil is at the center.

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