Heating Oil News

• White House considers waiving maritime commerce restrictions as fuel prices skyrocket 03/12/2026
  The move comes as the U.S. and Israel’s war in Iran has sent oil prices soaring, with a key choke point effectively blocked.
• Middle East war: global economic fallout 03/12/2026
  Here are the latest economic events in the Middle East war on Wednesday: - Iranian hacking group targets US medical firm - The Iran-linked hacking group Handala claimed responsibility for a ...
• Fuel crisis forces airlines to announce major fare increases, flight cancellations as Iran conflict escalates 03/12/2026
  The escalating conflict in Iran may no longer be contained to the Middle East, as it threatens to deliver a direct hit to the American pocketbook. As oil prices surge and global flight paths are ...
• Iran war live updates: Oil hits $100 a barrel as leader vows revenge 03/12/2026
  Supreme Leader Mojtaba Khamenei promised "vengeance for the blood of your martyrs" in his first message to Iranians.
• Trump weighs Jones Act waiver amid rising fuel prices, White House says 03/12/2026
  Easing the century-old shipping law could help lower fuel prices as the Iran war pushes crude oil near $100 a barrel, experts say.
• US Navy escorts through Strait of Hormuz ‘can’t happen now,’ Energy secretary says — as Iran touts ‘tool to pressure enemy’ 03/12/2026
  The cost of oil surged Thursday, with Brent crude hovering around $100 per barrel as of midday, after at least seven ships were attacked by Iran in the Strait of Hormuz and Persian Gulf since ...
• Oil Is Over $100 a Barrel: Here Are 6 Ways to Keep Your Heating Costs Low 03/12/2026
  Oil prices have spiked thanks to the "largest global oil supply chain interruption in history." Here's how to keep your home warm without going broke.
• Watchdog confirms it is looking into petrol prices amid allegations of ‘gouging’ after US-Iran war 03/12/2026
  The UK’s competition watchdog has confirmed it is looking into rising petrol and diesel prices amid concerns that retailers are charging more than necessary in response to the ongoing conflict in the ...
• With the Strait of Hormuz choked by war, the Panama Canal reaps the benefits 03/12/2026
  With fuel and freight prices skyrocketing as war chokes the Strait of Hormuz, the Panama Canal is seeing more business than usual.
• Amid soaring oil prices, Trump is now turning to the Strategic Petroleum Reserve 03/12/2026
  Oil prices have soared since the U.S. and Israel launched their war against Iran, and President Donald Trump is now turning to America’s Strategic Petroleum Reserve as part of a wider agreement ...
• Spring break travel more expensive amid rising gas prices, jet fuel 03/12/2026
  Why are flights are so expensive right now? Spring break travel just got more costly amid rising oil, jet fuel and gas prices. Here's what to know.
• Trump's next move to stop oil's surge may involve a shipping law from 1920 03/12/2026
  Oil's sharp surge amid the Iran conflict has the White House considering a bevy of options to limit crude's rise - including working around a century-old law known as the Jones Act. The key U.S.