Oil prices resume gains after Iran accuses U.S. of breaching ceasefire deal - CNBC
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Oil prices are rising after Iran accused the U.S. of breaching a ceasefire deal.
How This Affects You
Increased oil prices could lead to higher costs for gasoline and other energy-related goods and services for consumers.
AI Summary
Oil prices are resuming gains after Iran accused the United States of breaching a ceasefire deal. This accusation injects new geopolitical uncertainty into the market, directly impacting global crude supplies and investor sentiment. The immediate consequence is an upward movement in oil prices, reflecting concerns over potential instability in the Middle East. Such tensions often lead to higher energy costs globally.
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GlobalIsrael strikes Lebanon without warning, hours after Iran ceasefire announced
Confusion and tension are growing around the fragile ceasefire between the U.S. and Iran amid Israel's ongoing strikes in Lebanon. Geoff Bennett discussed more with special correspondents Reza Sayah in Tehran and Simona Foltyn in Beirut.
US VP JD Vance says Lebanon is not part of the US-Iran ceasefire
US Vice President JD Vance says Lebanon is not part of the US-Iran ceasefire.
GlobalWhat does the Iran ceasefire deal mean? It depends on which side you talk to - AP News
<a href="https://news.google.com/rss/articles/CBMisAFBVV95cUxPUEF2LUwwLTM2MG1qcHJmeVRzakpRRWxuRDl0dTlpU0lSM3FEZG5xYzMwYVFDWUdmME1SOGtMX1FuczM2TDNMMVViS00xbEVERWpfZTJmZ1BiVDJEazRmanRmbnNGeUhfSlRqX3lycXVvbmFkeXFOYnBETE9yaklhRUIyTXp4OHpqZ1FPZ2sxWVU1ejJENzE3MGc4SHNIRHlEb2F3eEw1R0pGRkRORDJ0bw?oc=5" target="_blank">What does the Iran ceasefire deal mean? It depends on which side you talk to</a> <font color="#6f6f6f">AP News</font>
CorporateDespite High Oil Prices and Volatile Stocks, Companies See Openings for Deals
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GlobalTrack current petrol and diesel prices, service station outages and shipments – Australia's fuel crisis in charts
<p>How much fuel does Australia have left today, and when could we run out? Check how much petrol and diesel prices have risen near you in Sydney, Melbourne and across the country since the US and Israel’s war on Iran began in late February</p><ul><li><p>Get our <a href="https://www.theguardian.com/email-newsletters?CMP=cvau_sfl">breaking news email</a>, <a href="https://app.adjust.com/w4u7jx3">free app</a> or <a href="https://www.theguardian.com/australia-news/series/full-story?CMP=cvau_sfl">daily news podcast</a></p></li></ul><p>Hundreds of service stations across Australia have run empty, fuel prices are elevated and oil shipments have been cancelled.</p><p>Australia is battling a fuel crisis as Iran’s closure of the strait of Hormuz continues to bite. The federal government has <a href="https://www.theguardian.com/australia-news/2026/mar/13/australia-to-release-nearly-20-of-fuel-stockpile-as-bowen-insists-country-nowhere-near-running-out">released</a> fuel reserves, cut fuel exc...
GlobalEnergy crisis not over despite relief rally
Oil prices have plunged and stock markets soared after the announcement of a two-week ceasefire between the US and Israel and Iran. But regardless of whether the deal holds, the energy crisis unleashed by the war is far from over. Damage to infrastructure in the region means it could take years for oil and gas production to get back to pre-war levels. Meanwhile, global aviation group IATA says supplies of jet fuel will remain tight.

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