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The Latest Breaking News from Oil

U.S. Gas Prices Poised To Surge As Trump's Iran Blockade Sends Oil Markets Into Shock

The U.S. blockade, which is expected to restrict shipping to and from Iranian ports, could effectively remove around 2 million barrels of oil per day from global circulation.

International Business Times

How Trump’s ‘God Squad’ Could Devastate Endangered Species Along Texas’ Gulf Coast

If left intact, the exemption for oil and gas companies in the Gulf of Mexico could forever harm vulnerable species and their habitats.

Texas Observer

Don’t mention the climate: Trump creates ‘beyond absurd’ situation at global finance talks

Developing countries face possible shelving of crucial green action plan at IMF and World Bank spring meetings

The Guardian - UK

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Oil Is Off Its Peak - Time to Buy Oil Stocks Like ConocoPhillips?

Oil is off its peak prices, and it could be a good buying point for oil stocks like ConocoPhillips (COP). One way to do this is to set a lower buy-in point by shorting out-of-the-money (OTM) puts.

Barchart

Donald Trump Claims 150 Iranian Ships are 'Underwater' as World Braces for 10 AM Strait of Hormuz Blockade

Donald Trump has announced a total US blockade of the Strait of Hormuz starting at 10 AM EDT today. The President claimed 150 Iranian Navy ships are already 'underwater' despite a lack of independent verification.

International Business Times UK

Current price of oil as of April 13, 2026

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

Fortune

A freezer full of stock and a handful of shiitakes make Chris Fischer's mushroom soup

Shiitake mushrooms from a farm on Martha's Vineyard inspire a flavorful soup recipe from Chris Fischer in his cookbook “The Beetlebung Farm.”

The Independent UK

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Soybeans Holding Near Unchanged on Monday Morning

Soybeans are trading with front months down 1 to 2 cents, with deferred contracts up 1 1/2 cents. Futures closed the Friday session with contracts 5 to 10 ½ cents higher, as meal took control. May was up 12 ¼ cents on the week, with November up 3 3/4 cents....

Barchart

Cotton Trading with Monday AM Gains

Cotton price action is up 14 to 25 points early on Monday. Futures saw mixed trade on Friday, as contracts were 7 points lower to 10 points higher. May was up 230 points on the week. The US dollar index was $0.104 lower at $98.485. Crude oil is back up...

Barchart

Man trampled to death in incident at Malaysian oil plantation

IN FULL

The Independent UK

The conflict in the Middle East has provided a true test of the resilience of the global economy

The world economy survived the shocks of the Ukraine-Russia conflict, which has had limited impact on economic growth. But the escalation of hostilities in the Middle East has transformed what had been, until early 2026, a surprisingly benign outlook into a far more uncertain one. It has created the ultimate…

The Conversation

Strait of Hormuz crisis deepens as European oil prices hit record high

IN FULL

The Independent UK

Elephant tramples 69-year-old man to death at Malaysian oil plantation

The man was later rushed to the hospital by his son, but was pronounced dead on arrival

The Independent UK

Germany cuts fuel tax as oil prices surge on Iran blockade

Following tense exchanges between Economics Minister Reiche and Finance Minister Lars Klingbeil, the government held talks over the weekend. Will the coalition succeed in easing the burden on citizens, or will it collapse?

Euronews

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Evening Standard

Middle class to be £480 worse off as Trump's Iran war drives up bills, says think tank

Rising fuel and energy costs driven by Middle East conflict are forecast to impact UK incomes, with middle earners hardest hit

Caixin Global

Business Brief (April 13): U.S. to Blockade Iranian Ports

Courier firms raise fuel surcharges amid surging oil prices, while Saudi Arabia reports damage to key energy facilities

Barchart

Stocks Set to Open Lower as Oil Prices Top $100 After U.S.-Iran Talks Collapse, Big Bank Earnings Awaited

June S&P 500 E-Mini futures (ESM26) are down -0.62%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.64% this morning, pointing to a lower open on Wall Street as oil prices jumped back above $100 a barrel after President Trump ordered a blockade of the Strait of Hormuz following…

Euronews

US to blockade Iranian ports, risking wider war over Strait of Hormuz

US‑Iran talks in Pakistan have collapsed as Trump announced the blockade of Iranian ports and the Strait of Hormuz starting on Monday afternoon, stoking war fears and pushing oil prices sharply higher.

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The Independent UK

Oil back above $100 a barrel amid Trump’s blockade of Strait of Hormuz

IN FULL

The Independent UK

Oil prices jump back above $100 a barrel after Trump orders blockade of Strait of Hormuz

Stock markets have not reacted as fiercely as they did at the start of the conflict amid belief US-Iran talks may resume

The Independent UK

What is happening with oil prices after Trump vows to block Strait of Hormuz

IN FULL

The Independent UK

The Latest: Ship traffic appears to halt in Strait of Hormuz after Trump's blockade announcement

Lloyd’s List Intelligence says ships have stopped moving through the Strait of Hormuz

Euronews

Oil jumps above $100 after failed peace talks, forint surges after the Hungarian election results

Oil prices surged and stock markets dipped after reports that the US may move to block the Strait of Hormuz. Meanwhile in Europe, the Hungarian forint rose following the election results.

The Guardian - UK

Oil price dips below $100 a barrel after Trump claims Iran wants deal

US president’s previous threat to block strait of Hormuz had led to a 6.9% increase in earlier trading

The Times of India

Explained: Iran’s ‘math warning’ on oil — what ΔO_BSOH>0 ⇒ f(f(O))>f(O) means

As Donald Trump threatened a naval blockade on Iran, Tehran hit back with an unusual warning—this time using mathematics to make its point on rising fuel prices.

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