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Oil Price - Oil prices jump as Iran warns Strait of Hormuz ‘cannot be the same’

Oil prices spiked Tuesday as Iran intensified its attacks on energy infrastructure across the Middle East and a senior regime figure suggested that the crucial Strait of Hormuz wouldn’t become safe ...

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Oil prices jump 4% after renewed Iranian attacks on UAE

By Stephanie Kelly LONDON, March 17 (Reuters) - Oil prices rose by about 4% on Tuesday, clawing back some of the previous session's losses as Iranian attacks on the United Arab Emirates rekindled ...

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Current price of oil as of March 16, 2026

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

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Prime Minister announces £53m 'help for households most exposed' to heating oil price rise

Chancellor Rachel Reeves said Treasury officials have "found the money" to help the 1.5 million households relying on the fuel, with Scotland to receive a total of £4.6million.

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Indonesia says budget cuts will be first response to oil price rise, not fiscal deficit spike

By Stefanno Sulaiman JAKARTA, March 16 (Reuters) - Indonesia is preparing budget cuts for some government programmes if the global oil price remains high and would issue the plan soon, its finance ...

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