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The Latest Breaking News from Oil

‘Good for Russia, good for China, bad for America’: How the Iran war is reshaping global economies and power

Stagflation, unemployment, recession: The Iran war is rewriting the global economy, and the damage may be permanent.

Fortune

European airports ‘face jet fuel shortages within three weeks’; Irish army called in over fuel protests - as it happened

Body representing European airports reportedly warning of “systemic” shortages if strait of Hormuz is not reopened; petrol demonstrations in Ireland now in their fourth day

The Guardian - UK

FTSE 100 Live 10 April: Record North Sea oil price, US inflation set to surge

Uncertainty over the reopening of the Strait of Hormuz today kept the oil price close to $100 a barrel.

Evening Standard

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Trump casts doubt on Iran ceasefire with Strait of Hormuz remarks

US President Donald Trump says that Iran will "never have a nuclear weapon", dismissing criticism of a "premature victory" regarding the nation. He criticised Iran's management of oil flows through the Strait of Hormuz, describing it as a "very poor job". The remarks cast doubt on the stability of a…

The Independent UK

Japan confirms release of more oil reserves as concern over energy crisis grows

It will be the second time Japan, which is heavily dependent on Middle East oil, has dipped into its strategic reserves since Iran war began

The Guardian - AU

Tony Blair backs calls for more North Sea oil drilling

IN FULL

The Independent UK

Friday briefing: How the Middle East conflict is hitting households in the UK

In today’s newsletter: Despite a fragile ceasefire, the economic fallout is pushing up the cost of energy, mortgages and food, hitting the poorest hardest

The Guardian - UK

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Asian stocks mostly higher and oil gains ahead of planned U.S.-Iran peace talks

Asian stocks are mostly higher tracking Wall Street gains while oil prices have also risen on the fragile Iran war ceasefire and ahead of Iran-U.S. peace talks that are expected to take place in Pakistan

The Independent UK

From Japanese ‘swicy’ to Mexican smoke: How to cook like a flavour tourist at home

You don’t need a boarding pass to eat well right now – just a decent pan and a willingness to go further than your usual midweek rota. These recipes make a case for staying in and cooking with intent. Consider it travel, minus the airport

The Independent UK

NZ-bound oil tankers turned away from port, pounded by 4m storm waves at sea

Two weeks' worth of critically needed fuel is on the water as Cyclone Vaianu sweeps through. 'Feeling a 250m tanker go up in the air and then crash down the other side of a wave is not a pleasant experience.'

Newsroom.co.nz

The Latest: Kuwait blames Iran for drone strikes as Trump casts doubt on ceasefire

Kuwait has accused Iran of launching drone attacks despite the ceasefire in the Iran war

The Independent UK

Iran-US war latest: Trump threatens to ‘finish’ war if peace talks fail as negotiators arrive in Pakistan

Iran's delegation has arrived in Islamabad, with JD Vance and a team of US officials now en route

The Independent UK

Inflation may jump by most in nearly four years as gas prices spike in wake of Iran war

Inflation probably rose to 3.4% in March compared with a year ago, economists estimate, which would be a sharp increase from February’s 2.4% increase

The Independent UK

Cuban president tells NBC he won’t resign under US pressure, as Russia backs old ally

In his first television interview with an American broadcaster, Miguel Diaz-Canel says revolutionaries don’t give up and step down

The Guardian - AU

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The Guardian - AU

Trump warns of fresh strikes if Iran talks fail – as it happened

US president says that warships are being reloaded with weaponry to strike Iran if Saturday’s Islamabad talks fail to produce a deal

The Conversation

NZ is surrounded by ocean energy. Just what would it take to tap it?

“Same as it ever was” is a phrase that continues to resonate in 2026.

Barchart

Up 24% in 2026 and Yielding 3.1%, How Should You Play SHEL Stock Amid an Iran Ceasefire?

Shell is riding a rare combination of surging oil prices, strong trading gains, and a 25% year‑to‑date stock rally that has pushed SHEL to its best run in years, even as the Iran conflict forces the company to trim its gas output outlook and watch the Strait of Hormuz closely.

The Independent UK

Tony Blair calls for more North Sea drilling to protect UK from economic shocks exposed by Iran war

Former prime minister’s think tank says Labour should back Jackdaw and Rosebank oil and gas fields

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news in one place.

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The Times of India

'They better stop now': Trump warns Iran over Strait of Hormuz tanker fees

President Donald Trump issued stern warnings to Iran regarding the Strait of Hormuz, accusing Tehran of hindering oil shipments. He also criticized The Wall Street Journal's reporting on his Iran policy, asserting his actions have prevented Iran from obtaining nuclear weapons and will soon restore oil flow. These statements follow…

Axios

Strait of Hormuz remains all but closed, Trump demands Iran stop tolls

The normal functioning of the strait is vital to the global economy.

Barchart

Cotton Rallies on Thursday

Cotton futures closed out the Thursday rally with contracts up 80 to 159 points across most contracts. The outside markets are generally supportive, with the US dollar index was $0.325 lower at $98.600. Crude oil was back up $4.06 on the day. The monthly update to the USDA balance sheet...

Barchart

Soybeans Post Slight Thursday Gains as USDA Makes Very Few Major Changes

Soybeans posted gains of ¼ to 4 cents on Thursday, led by the front months. The cmdtyView national average Cash Bean price was up 3 3/4 cents at $10.97 1/2. Soymeal futures were up $1 to $3.50 on the day, with Soy Oil futures up 28 to 39 points on...

Barchart

Corn Slips Lower on Thursday, as the Trade Looks Past USDA Reports

Corn futures saw losses on Thursday, with contracts down 1 ½ to 3 ¼ cents. The CmdtyView national average Cash Corn price was down 3 cents at $4.05 1/2. Crude oil was back up $4.06 on Thursday. South Korean importers purchased 136,000 MT of corn in tenders overnight, following the...

The Guardian - AU

Morning Mail: Israel calls for Lebanon talks, road traffic falls amid fuel crisis, how to solve a poo ball problem

Netanyahu wants focus on dismantling Hezbollah but does not signal end to bombardment; exclusive data shows big fall in journeys in major cities

Barchart

Stocks Rebound on Optimism US-Iran Ceasefire to Hold

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.62%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.58%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.72%. June E-mini S&P futures (ESM26 ) rose +0.58%, and June E-mini Nasdaq futures...

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