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The Latest Breaking News from Oil

The Latest: Oil prices surge, stocks fall with Trump offering no clear end to war

U.S. President Donald Trump says the U.S. will keep hitting Iran very hard in the next two or three weeks even though he says all of his administration's military objectives have been met or exceeded

The Independent UK

Iran vows 'crushing, more destructive' attacks on US and Israel after Trump threats

The comments come after a prime-time address at the White House in which US President Donald Trump threatened to bomb Iran "back to the Stone Ages, where they belong."

Euronews

Fish and chips in a fuel crisis: how far could the price of the classic meal soar in Australia?

Australian business owners have warned they cannot afford to absorb rising costs from farmers, fishers and transport as fuel and fertiliser prices climb

The Guardian - AU

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Wall Street Futures Fall, Oil Surges As Trump's Iran Speech Undercuts Hopes For Quick End To Conflict

Investors trimmed risk appetite on Thursday as President Trump's speech on the Iran war lacked specific guidance on a ceasefire or exit strategy, reversing a recent rally in stocks and lifting crude prices amid renewed geopolitical uncertainty.

International Business Times

Bypass the Strait of Hormuz with nuclear explosives? The US studied that in Panama and Colombia in the 1960s

With the world struggling to get oil supplies moving from the Middle East, former House Speaker Newt Gingrich raised eyebrows with a social media post highlighting a radical idea: Use nuclear bombs to cut a new channel along a route that would avoid Iranian threats in the Strait of Hormuz.

The Conversation

Trump’s war with Iran could see fuel rationing and global recession within months, experts warn

Prolonged disruption would slow world GDP growth to 1.4 percent in 2026, Oxford Economics warns

The Independent UK

As oil prices rise, France suggests extra tax could help phase out fossil fuels

As the war in the Middle East drives up prices of petrol and gas, France wants to use additional tax revenue generated to fund the country’s move away from fossil fuels – but some analysts say any extra returns are offset by rising costs and inflation.

Radio France Internationale

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US crude hits $110 per barrel and Wall Street tumbles after Trump vows to escalate attacks on Iran

Oil rose more than 9% and U_S_ futures slid sharply lower after President Donald Trump said in his first national address since the Iran war began that the United States will continue to attack the Middle East nation for a few more weeks even though it is “really no longer…

The Independent UK

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

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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The Guardian - UK

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

Fortune

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 complained in his address.

The Independent UK

‘Unprecedented’ UK fuel price rises surpass 2022 record

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

The Guardian - 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

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Euronews

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.

The Independent UK

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

IN FULL

The Times of India

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 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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