Wall Street rises toward records after oil prices give back some of Monday’s spurt

Oil price hits highest since 2022 after report Trump to be briefed on new Iran options

United Arab Emirates says it will leave OPEC effective May 1

EU approves €90bn loan for Ukraine as pipeline is turned on ending deadlock

US-sanctioned ships pass Strait of Hormuz as China calls Trump’s blockade ‘dangerous’

Madagascar declares state of emergency over severe fuel shortages linked to Iran war

UK says Iran holding world economy ‘hostage’ with Hormuz attacks

Zelensky says allies asked him to scale back attacks on Russian energy

Trump tells the UK and other countries ‘go get your own oil’ from Strait of Hormuz

IEA agrees to record release of emergency oil reserves in an effort to calm surging prices

March 12, 2026