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Oil above $100 over conflicting claims on US-Iran talks

The price of Brent crude oil rose back above $100 a barrel as the direction of the US-Israel war in Iran remained unclear. On Tuesday, US President Donald Trump continued to float the possibility of a quick end to the conflict, describing Iran as "totally defeated" and Washington was negotiating with Iranian leaders who were "talking sense". But Tehran has previously rejected claims that it had been in contact with the US, calling them an attempt to manipulate energy prices and stock markets. The war has sparked a global energy crisis and the boss of oil giant Shell warned that oil shortages could hit Europe next month. Global energy markets have seen volatile trading since the US and Israel attacked Iran on 28 February. Oil and gas prices have soared, as Iran responded by effectively blocking the Strait of Hormuz, a narrow waterway which typically sees about 20% of the world's oil and liquefied natural gas pass through each day. Wael Sawan, chief executive of Shell, told an energy industry conference in Houston: "South Asia was first to get that brunt. That's moved to south east Asia, north east Asia and then more so into Europe as we get into April." A spokesperson for the UK's D

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Apr 8, 2026·Fox NewsT2 · Outlet report
Missing F-15E Weapons System Officer rescued from 'behind enemy lines' in Iran

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Apr 8, 2026·Fox NewsT2 · Outlet reportLATEST
Missing F-15E Weapons System Officer rescued from 'behind enemy lines' in Iran

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Apr 8, 2026·The GuardianT2 · Outlet report
Shell oil trading profits soar amid Iran war but Qatar strikes hit gas output

Earnings at renewable energy division expected to soar to between $200m and $700m in first quarter Shell is expected to report “significantly higher” profits from its trading desks in the first quarter of this year…

Read original at The Guardian →
Apr 7, 2026·Fox NewsT2 · Outlet report
Trump pushes for peace deal as Israel, Iran trade missiles

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Apr 6, 2026·Fox NewsT2 · Outlet report
F-15E crew member rescued in Iran as Trump threatens 'all hell' on Iran over Strait of Hormuz

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Apr 6, 2026·The GuardianT2 · Outlet report
War in Iran is boosting profits for oil and defense companies as US gas prices soar

As Americans struggle with rising prices, Lockheed Martin, Shell and other companies are experiencing gains Two weeks into the US-Israel war with Iran, the White House was fielding heavy criticism that the conflict…

Read original at The Guardian →
Apr 6, 2026·CNNT2 · Outlet report
Day 38 of Middle East conflict — Trump press conference, Iran rejects 45-day ceasefire proposal. | CNN

• Follow the latest updates on the war with Iran here. The average price of a gallon of US regular gas edged up another 2 cents Tuesday, reaching $4.14 in the latest reading from AAA. That increase means prices are…

Read original at CNN →
Apr 6, 2026·The GuardianT2 · Outlet report
Trump news at a glance: president accused of ‘threatening possible war crimes’ in Iran post

Chuck Schumer accuses president of ‘ranting like unhinged madman’ in threat to obliterate Iran’s power plants and bridges. Key US politics stories from 5 April Donald Trump has faced sharp criticism after…

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Apr 5, 2026·The GuardianT2 · Outlet report
‘Unhinged madman’: US politicians react to Trump’s expletive-laden threat to Iran

Marjorie Taylor Greene and Bernie Sanders among those responding with alarm to Trump writing ‘open the fuckin’ strait, you crazy bastards’ Some US politicians have reacted with alarm and questioned the US…

Read original at The Guardian →
Apr 5, 2026·The GuardianT2 · Outlet report
Netanyahu confirms attack on petrochemical plant– as it happened

This live blog is now closed. Our coverage of the Middle East crisis continues here This blog has closed, but our live coverage of the ongoing crisis in the Middle East continues here. Iran’s central military command…

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Apr 4, 2026·The GuardianT2 · Outlet report
Iran conflict to forefront of UK religious and political leaders’ Easter messages

Archbishop of Canterbury to issue urgent call for peace, as PM exhorts Britons to ‘choose community over division’ Religious and political leaders in the UK are highlighting the conflict in the Middle East in their…

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Apr 4, 2026·The GuardianT2 · Outlet report
‘The good old days are gone’: how will US prices stand as war in Iran surges on?

Beyond rising costs of gas and air travel, experts say this is likely just beginning of higher prices amid global volatility Sign up for the Breaking News US email to get newsletter alerts in your inbox As consumers…

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Apr 3, 2026·Fox NewsT2 · Outlet report
"They Have A Bargaining Chip": Iran Downs U.S. Fighter Jet

Brian is joined by former White House Deputy Chief of Staff Karl Rove and AEI’s Marc Thiessen to discuss the critical turning point in the conflict with Iran. Following reports of a downed U.S. aircraft and the ongoing…

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Apr 3, 2026·The GuardianT2 · Outlet reportKEY MOMENT
Starmer’s cost of living adviser urges him to extend fuel duty cut in light of Iran war

Richard Walker says a possible September rate rise should be scrapped to reflect increase in petrol prices A cut to fuel duty should be extended to reflect the rise in petrol prices, the government’s cost of living…

Read original at The Guardian →
Apr 3, 2026·CNNT2 · Outlet report
Shocked by gas at $4 in America? Try $16 in this Asian city | CNN Business

If you thought paying $4 for gasoline was bad, spare a thought for this international financial hub which currently has the highest gas prices in the world. As average gas prices across the United States hit a record…

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Apr 2, 2026·CNNT2 · Outlet report
Exclusive: US intelligence assesses Iran maintains significant missile launching capability, sources say | CNN Politics

Roughly half of Iran’s missile launchers are still intact and thousands of one-way attack drones remain in Iran’s arsenal despite the daily pounding by US and Israeli strikes against military targets over the past…

Read original at CNN →
Apr 2, 2026·CNNT2 · Outlet report
Energy markets start tuning Trump out after repeated Iran war whiplash | CNN Politics

President Donald Trump has repeatedly sought to tamp down the surging price of oil by telling investors what they’re eager to hear: The war in Iran is almost over. But after hearing that message for weeks, with…

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Apr 2, 2026·The GuardianT2 · Outlet report
How could strait of Hormuz closure affect UK food and medicine supplies?

Effects of Iran’s blockade will depend on how long crisis lasts as disruption ripples through supply chains The closure of the strait of Hormuz, the crucial oil and gas shipping route that has been blocked by Iran since…

Read original at The Guardian →
Apr 2, 2026·CNNT2 · Outlet report
Europe didn’t want an Iran war, yet Trump is saddling it with the consequences | CNN

“When we are finished, take over your government,” Donald Trump told the Iranian people late February, announcing the war. “It will be yours to take.” Weeks on, the US president is delivering a similar message…

Read original at CNN →
Apr 2, 2026·CNNT2 · Outlet report
What to expect from the March jobs report — and when the war could hit hiring | CNN Business

The March jobs report, due out Friday morning, could bring a much-needed reality check after two months of wild swings in the US labor market. But even if a level or baseline is achieved, and clarity is gained as to the…

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Apr 2, 2026·Fox NewsT2 · Outlet report
Trump calls on world to build ‘delayed courage,’ seize key oil route from Iran

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Apr 2, 2026·CNNT2 · Outlet report
$200 oil isn’t as crazy as it sounds | CNN Business

In the summer of 2008, weeks before the investment bank Lehman Brothers imploded, oil prices skyrocketed to nearly $150 a barrel. Some oil watchers are warning of even higher prices this summer if the vital Strait of…

Read original at CNN →
Apr 2, 2026·CNNT2 · Outlet report
Day 34 of Middle East conflict — Oil prices surge as Trump’s Iran war speech fails to calm nerves | CNN

• Follow the latest updates on the war with Iran here. • Opening the strait: The UN Security Council is set to vote Friday on a Bahraini proposal that would authorize countries to use “all defensive means…

Read original at CNN →
Apr 2, 2026·CNNT2 · Outlet report
Analysis: Trump makes his best case for the war — but fails to ease worries about how it will end | CNN Politics

Donald Trump faced a high bar Wednesday night in his national address on Iran. He appeared before a country that has not only lost confidence in his presidency, according to the latest polls, but that has soured on his…

Read original at CNN →
Apr 1, 2026·CNNT2 · Outlet report
Can Donald Trump singlehandedly withdraw the US from NATO? | CNN Politics

For years, President Donald Trump has voiced sharp criticism of NATO, including a slew of statements since the beginning of the Iran war. In two recent interviews, he has said he would consider taking the significant…

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Apr 1, 2026·The GuardianT2 · Outlet reportKEY MOMENT
UK is most vulnerable European country to jet fuel shortages, Ryanair boss says

Michael O’Leary says UK’s reliance on Kuwait for jet fuel supply amid Iran war exposes it to possible shortages The UK is the most vulnerable country in Europe to potential jet fuel shortages as the Iran war throttles…

Read original at The Guardian →
Apr 1, 2026·Fox NewsT2 · Outlet report
Iran's ceasefire push may be a 'cycle of deception,' analysts warn as shadowy figure gains power

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Apr 1, 2026·CNNT2 · Outlet report
Four ways a hasty Trump exit from the Iran war may not end the conflict | CNN

US President Donald Trump is signaling that he may walk away from the Iran war, unilaterally stepping out without toppling the Islamic Republic, opening the Strait of Hormuz or securing a deal with Tehran to halt…

Read original at CNN →
Apr 1, 2026·The GuardianT2 · Outlet report
Colbert on Trump’s shifting tone on Iran: ‘It’s a military strategy known as starting a 1,000-piece jigsaw puzzle’

Late-night hosts discussed Trump’s refusal to clean up his mess in Iran and gas prices soaring to over $4 a gallon Late-night hosts touched on soaring oil prices from Donald Trump’s war in Iran as he backs down from…

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Apr 1, 2026·The GuardianT2 · Outlet report
In Europe, lobbyists are using soaring fuel prices to make the case for more dirty energy

The argument for transitioning to renewables seems stronger than ever – and yet, attacks mount on the carbon price scheme that underpins the EU’s success at cutting pollution Don’t get This Is Europe delivered to your…

Read original at The Guardian →
Apr 1, 2026·CNNT2 · Outlet report
Walking away from the Strait of Hormuz won’t make gas cheap again | CNN Business

The world economy is being held hostage by the de facto closure of the Strait of Hormuz. Gasoline, jet fuel and diesel prices have skyrocketed. Stock markets have tumbled, and recession odds have climbed. After weeks of…

Read original at CNN →
Apr 1, 2026·The GuardianT2 · Outlet report
Emirates says Iranian nationals are not allowed to enter or transit through UAE – as it happened

This blog is closed. Follow our new liveblog here. Trump said on Tuesday US forces would end operations in Iran “very soon,” suggesting a timeline of two to three weeks. After his usual claims about “regime…

Read original at The Guardian →
Apr 1, 2026·CNNT2 · Outlet report
Day 33 of Middle East conflict — Trump’s first address to the nation on Iran war | CNN

• Get the latest updates on the war with Iran here. • Trump’s address: President Donald Trump used familiar talking points in his first address to the nation on the Iran war, telling Americans the war is…

Read original at CNN →
Apr 1, 2026·CNNT2 · Outlet report
Analysis: Trump might end his war — but the rest of the world may pay the price | CNN Politics

Donald Trump looks like he’s getting ready to just walk away. The president is telling US allies — who didn’t join his war in Iran because they got no advance notice, didn’t want it and thought it infringed…

Read original at CNN →

March 2026

16 updates
Mar 31, 2026·The GuardianT2 · Outlet report
‘There’s no safe place here’: Kuwaiti tanker hit by Iranian drone attack in Dubai port

Dozens of other vessels leave area after drone strike causes fire onboard tanker owned by Kuwait’s state oil company How could US forcibly reopen strait of Hormuz and what are the risks? When Iran attacked a fully…

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Mar 31, 2026·Fox NewsT2 · Outlet report
US may seize Kharg Island as Iran greenlights 20 oil ships through Strait of Hormuz

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Mar 31, 2026·Fox NewsT2 · Outlet report
Why Trump faces an agonizing decision on obliterating Iran’s oil supply if he can’t get a deal

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Mar 30, 2026·The GuardianT2 · Outlet reportKEY MOMENT
The Guardian view on Trump’s Iran war: escalation without end | Editorial

Without diplomacy or restraint, the economic shock will deepen and US soldiers may become embroiled in a quagmire The fifth week of Donald Trump’s illegal war on Iran has confirmed the absence of any overarching…

Read original at The Guardian →
Mar 30, 2026·CNNT2 · Outlet report
Americans’ expectations for inflation will shape Fed’s response to Iran war, Powell says | CNN Business

The Federal Reserve’s response to the US-Israeli war on Iran largely hinges on how the conflict affects Americans’ expectations about inflation, Chair Jerome Powell said Monday. “The tendency is to look through…

Read original at CNN →
Mar 30, 2026·The GuardianT2 · Outlet report
How could US forcibly reopen strait of Hormuz and what are the risks?

US ground troops have arrived in Middle East but military options to open strait risk strong retaliation from Iran The arrival of US ground invasion forces in the Middle East over the weekend provides Donald Trump with…

Read original at The Guardian →
Mar 29, 2026·The GuardianT2 · Outlet report
Oil on track for record monthly surge as Iran war disrupts markets

Brent crude jumps 51% since start of March and gold suffers fifth-largest monthly fall in 50 years The Brent crude oil price is on track for its biggest monthly gain on record in March after the Iran war caused mayhem…

Read original at The Guardian →
Mar 28, 2026·CNNT2 · Outlet report
Iran has a new demand to end the war – and it could bring in billions | CNN

When an Iranian official this week laid out a list of demands to end the war started by the United States and Israel, he added an item that hadn’t been on Tehran’s list before: recognition of Iran’s sovereignty…

Read original at CNN →
Mar 28, 2026·CNNT2 · Outlet report
Day 29 of Middle East conflict — Iran-backed Houthis enter war, firing missiles at Israel | CNN

• Follow the latest updates on the war with Iran here. • Iran has a new demand to end the war – and it could bring in billions • Iran’s efforts to mount attacks against US extend far beyond its military.…

Read original at CNN →
Mar 28, 2026·CNNT2 · Outlet report
Seven islands that hold the keys to the Strait of Hormuz | CNN

With thousands of US ground troops reportedly on the way to the Middle East, speculation is mounting that they may be assigned to take Iran’s Kharg Island, a key fuel hub in the northern Persian Gulf which handles 90%…

Read original at CNN →
Mar 26, 2026·Fox NewsT2 · Outlet report
Trump reveals ‘present’ from Iran as oil tankers move through Strait of Hormuz

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Mar 26, 2026·CNNT2 · Outlet report
US has struck Iranian military targets on Kharg Island. Here’s what we know about it | CNN

The US said it struck military targets on the key Iranian oil export hub of Kharg Island, although the strikes did not target oil facilities, according to one US official. Vice President JD Vance acknowledged the recent…

Read original at CNN →
Mar 26, 2026·Fox NewsT2 · Outlet report
Iran is 'trying to give the global economy a heart attack' by closing Strait of Hormuz, UAE minister says

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Mar 25, 2026·CNNT2 · Outlet report
Iran building up defenses of Kharg Island to protect against potential US ground attack, sources say | CNN Politics

Iran has been laying traps and moving additional military personnel and air defenses to Kharg Island in recent weeks in preparation for a possible US operation to take control of the island, according to multiple people…

Read original at CNN →
Mar 25, 2026·BBCT2 · Outlet report
Marcos promises 'flow of oil' as Philippines declares energy emergency

Philippine President Ferdinand Marcos says he is working to secure new sources of oil after he placed the country under a state of national energy emergency in response to the war in Iran. Marcos told Filipinos in a…

Read original at BBC →
Mar 24, 2026·BBCT2 · Outlet reportOPENING
Oil above $100 over conflicting claims on US-Iran talks

The price of Brent crude oil rose back above $100 a barrel as the direction of the US-Israel war in Iran remained unclear. On Tuesday, US President Donald Trump continued to float the possibility of a quick end to the…

Read original at BBC →

Sources & evidence (30)

What this story stands on. Tier 0 is a primary record or the subject's own words; higher tiers must be attributed, never stated as bare fact.

T2 · Outlet report× 30
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T2 · Outlet reportFox NewsApr 8, 2026

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T2 · Outlet reportThe GuardianApr 8, 2026

Earnings at renewable energy division expected to soar to between $200m and $700m in first quarter Shell is expected to report “significantly higher” profits from its trading desks in the first quarter of this year after weeks of market…

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T2 · Outlet reportFox NewsApr 7, 2026

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T2 · Outlet reportFox NewsApr 6, 2026

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T2 · Outlet reportThe GuardianApr 6, 2026

As Americans struggle with rising prices, Lockheed Martin, Shell and other companies are experiencing gains Two weeks into the US-Israel war with Iran, the White House was fielding heavy criticism that the conflict would drive up gas…

View source →
T2 · Outlet reportCNNApr 6, 2026

• Follow the latest updates on the war with Iran here. The average price of a gallon of US regular gas edged up another 2 cents Tuesday, reaching $4.14 in the latest reading from AAA. That increase means prices are now up 39% since the…

View source →

Tier key: T0 = Primary source · T1 = Wire · T2 = Outlet report · T3 = Commentary

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