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The Latest Breaking News from Oil

Secret passwords and crypto payments: Inside Iran’s mysterious new ‘tollbooth system’ in the Strait of Hormuz

Oil prices surged again on Thursday after Donald Trump dashed hopes of a swift resolution to the Middle East war

The Independent UK

Dizzying US fuel prices are determined by factors largely outside of a gas station's control

U.S. gas prices are climbing fast, and drivers are paying the highest pump prices since 2022 as the Iran war shakes oil markets

The Independent UK

Stocks Tumble Before the Open as Oil Prices Jump After Trump’s Iran Address

June S&P 500 E-Mini futures (ESM26) are down -1.27%, and June Nasdaq 100 E-Mini futures (NQM26) are down -1.65% this morning as doubts over a quick resolution to the Middle East conflict dampened sentiment and fueled a spike in oil prices.

Barchart

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Iran fires missiles at Israel and Gulf neighbors as Trump talks of winding down Mideast war

Iran has fired more missiles at Israel and Gulf Arab states, demonstrating Tehran’s continued ability to attack

The Independent UK

‘Everyone is thinking about oil prices’: is Iran using the war to hide a surge in executions?

Regime has long used the death penalty to suppress dissent but now appears to be withholding information on the killing of hundreds of prisoners, say rights groups

The Guardian - UK

US lifts sanctions on Venezuela's interim President Delcy Rodriguez

Washington has lifted sanctions on Rodríguez, boosting her legitimacy as a US-recognised leader and opening doors for closer oil and business ties.

Euronews

Iran War Update: Trump Unveils 3-Week Exit Plan, Slams NATO Allies as Oil Remains Over $100

President Trump's claims of nearing victory in the US-Iran conflict, his controversial NATO stance, and rising oil prices are impacting global alliances and economies.

International Business Times UK

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Oil price jumps and markets slide after Trump warning to Iran

Brent crude rises 8% as US president vows to hit Iran ‘extremely hard’ over coming weeks

The Guardian - UK

Asian markets drop after Trump signals he’ll bomb Iran ‘back to the stone ages,’ tells other countries to ‘take the lead’ in reopening Hormuz

“Countries of the world that do receive oil through the Hormuz Strait must take care of that passage,” Trump said in his address.

Fortune

‘Unprecedented’ UK fuel price rises surpass 2022 record

Costs are rising faster than after Russia’s invasion of Ukraine, data shows

The Independent UK

Coordinated conflict: how the Ukraine and Iran wars are starting to overlap

Battlefield outcomes are connected by the sharing of weapons and intelligence as well as the damage to the global economy

The Guardian - UK

Will the Iran war threaten the EU's green transition?

The European Union's climate ambitions could be delayed as the war against Iran is driving energy prices through the roof and raising questions of supply security. EU leaders maintain the conviction that the path to energy independence lies in more clean power and less reliance on fossil fuels.

Euronews

Iran war briefing: Trump says US to continue to attack for weeks as oil prices soar

IN FULL

The Independent UK

Civilians, businesses, universities potential targets: US embassy in Baghdad warns of attacks in city over next 24-48 hours

The US Embassy in Baghdad has issued a stark warning, advising American citizens to depart Iraq immediately due to credible threats of attacks by Iran-aligned militias within the next 48 hours. These groups, known for targeting Americans, may even impersonate government officials. This alert escalates regional tensions, impacting Iraq's vital…

The Times of India

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The Independent UK

5 key takeaways from Trump’s first address to nation since start of Iran war

In his televised speech, Trump does not commit to a timeline to end the war in Iran and says he may bomb energy and oil infrastructures if negotiations are unsatisfactory

The Independent UK

Bulletin AM briefing: Nasa mission to the Moon launched - and today’s other top stories

Artemis II mission launched as Nasa astronauts head for the Moon Oil prices surge after Trump vows to ‘finish the job’ in Iran Scott Mills speaks out for first time after BBC Radio 2 sacking Millions set for Easter travel despite rising fuel costs Tiger Woods makes major Ryder Cup…

Evening Standard

FTSE 100 Live 02 April: Oil price surges on Trump speech, index holds firm

Stock markets are lower and oil prices higher after President Trump’s address on the Iran war broke little new ground.

The Independent UK

Iraq’s oil hub slows to a crawl as Strait of Hormuz shutdown strangles exports

The war in Iran is dealing a heavy blow to Iraq’s economy

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news in one place.

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AAP

Australia faces 'sharp recession' if US escalates war

As Donald Trump fails to reassure traders about the Strait of Hormuz, analysts warn Australia's economy is hurtling towards a recession the longer it is closed.

Evening Standard

Trump warns he'll bomb Iran 'back to the Stone Ages' sending oil price back up

Donald Trump says US has nearly accomplished its goals in Iran - but offers no clear timeline on ending the war

The Independent UK

Oil prices surge after Trump vows to ‘finish the job’ in Iran

IN FULL

The Independent UK

Iran-US war latest: Urgent search for missing American pilot as Tehran claims to have downed second plane

Iran claims to have shot down two U.S military planes Friday in separate attacks with at least one service member still missing

Euronews

A ‘failed experiment’? Biofuels under the spotlight as EU scrambles for alternative energy

‘Right now we surrender vast swathes of land for crops that we simply burn in our cars’, said one expert.

Euronews

‘We are going to hit them hard’: Markets disappointed, oil up again after Trump speech

Oil rose sharply, and US and European stocks fell after US President Donald Trump said in his first national address since the Iran war began that the US would continue to hit Iran and "finish the job".

The Guardian - UK

Drive slower, work from home and ditch the tie: the world responds to Iran war energy crisis

Oil crisis triggered by blockade of strait of Hormuz prompts emergency measures to protect supply and halt rising prices

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