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The Latest Breaking News from Brent

What Does Brent's Basis Market Tell Us?

My reads on real market fundamentals in crude oil indicate there is indeed a short-term supply scare in place.

Barchart

Oil Prices Crash: Brent Crude Drops Below $100 As Trump Teases 'Bombshell' Iran Peace Deal

Brent crude briefly slipped below $100 a barrel after Donald Trump claimed a 'bombshell' peace deal with Iran was within reach and Tehran signalled limited safe passage through the Strait of Hormuz.

International Business Times UK

Oil Prices Plunge 13% as Donald Trump Delays Threat to 'Obliterate' Iran Power Plants

Donald Trump stepped back from his threat to destroy Iran's power plants on Monday, announcing a five‑day postponement of planned military strikes after reporting constructive diplomatic talks with Tehran. The announcement sent Brent crude falling sharply, offering global markets a rare moment of relief as the month‑long conflict showed its…

International Business Times UK

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South Pars, Ras Laffan & more: Which energy sites have been hit so far in Iran war?

Qatar condemned what it called a “brutal Iranian attack targeting Ras Laffan,” saying it posed a direct threat to national security. The foreign ministry also warned that “Targeting energy infrastructure constitutes a threat to global energy security, to the peoples of the region, and to its environment.” As missile and…

The Times of India

London theatre takes legal action as it faces huge rent hike by council

Local authority claims community theatre has been ‘shielded’ from rising costs for ‘many years’

Evening Standard

Oil At $110? Goldman Flags Major Risk If Iran Disrupts Strait Of Hormuz Shipping

Fears of a major oil supply shock are mounting as tensions escalate in the Strait of Hormuz, a vital artery for nearly 20% of global crude shipments, with Wall Street racing to assess the potential price impact after the U.S. struck Iran over the weekend.

Benzinga

Dow futures reverse higher and oil prices pare gains as escalating Israel-Iran conflict targets critical energy assets

U.S. oil prices climbed 1.1% to $73.79 per barrel, and Brent crude rose 1% to $74.94.

Fortune

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Rental price growth falls across London while national slowdown reaches four-year low

London rents rose by 1.5 per cent between April 2024 and April 2025 — a marked slowdown on growth in the previous year

Evening Standard

'Despicable and dangerous': Chauffeur hits out at state of London's pothole-ridden roads after car damage

Andy Sozos lost a day’s pay after a pothole damaged his Mercedes

Evening Standard

Lady Howarth of Breckland obituary

Social services director, chief executive of Childline and one of the first ‘people’s peers’

The Guardian - UK

Brent Council pays out nearly £600,000 in pothole and pavement injury claims

The highest annual pay out came between 2020 and 2021, when the council settled 16 claims totalling more than £200,000

Evening Standard

London borough on brink of banning Lime bikes for causing ‘havoc’ on roads

‘We are out of road for its activities in Brent’, council says

The Independent UK

Leonard Johnson obituary

Other lives: Brent youth leader and driving force behind Bridge Park, one of the largest black community projects in Europe

The Guardian - UK

Landlord who packed 40 tenants in four-bed Wembley home given first ever Brent Council banning order

He was fined five years ago after council officers found dozens of people crammed into an unsafe four-bedroom home

Evening Standard

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Barchart

No Surprise as OPEC+ Trims Production

OPEC, the international oil cartel, meets twice yearly in a formal gathering in Vienna, Austria. The members convene to debate and decide on petroleum production policy for the coming months to balance supply and demand at a price that delivers the most attractive return for oil-producing countries and traditional energy…

Barchart

OPEC+ -- No Surprise as the Cartel Trims Production

The Guardian - AU

Russia-Ukraine war: ‘no indication’ of direct military threat to Moldova or Romania, says US – as it happened

Comments from US come after missiles reported in Moldovan and Romanian airspace

Bangkok Post

The looming ban on Russian crude

Crude oil prices are engaged in a tussle between fears of a recession-led demand decline and ongoing supply tightness, with risks to demand currently edging ahead.

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The Guardian - UK

Felixstowe port disruption ‘could continue until Christmas’ says union – as it happened

Disruption at the UK’s largest container port could escalate until Christmas unless workers are given an improved pay offer, Unite boss says

The Guardian - UK

Killer heels and dancehall queens: Brent biennial brings queer cheer to a brutal city

Given the title In the House of My Love, the London borough’s second biennial is a celebration of home, boasting a Jamaican takeaway, a reggae choir and a group of young queer friends bonding in precarious times

Benzinga

Crude Oil Updates The Highs

By RoboForex Analytical Department This week is starting with new highs in Brent – the asset has reached the highs of 9 March 2022 and updated $120.

Evening Standard

London elections 2022: Labour holds Brent

Londoners went to the polls in local elections on May 5. Joe Talora has the lowdown on the vote in Brent

Evening Standard

FTSE 100 Live: Oil falls below $100, China sell-off spooks markets, unemployment falls but pay squeezed

Figures showing the UK unemployment rate at its lowest level since before the pandemic were today offset by more signs of the squeeze on living standards.

The Independent UK

Brent crude up $10, shares sink as Ukraine conflict deepens

The price of oil has jumped more than $10 a barrel and shares are sharply lower as the conflict in Ukraine deepened amid mounting calls for harsher sanctions against Russia

Evening Standard

FTSE 100 Live: Oil price at near-decade high, ITV posts results

Commodity prices have continued to surge as the conflict in Ukraine intensifies. Brent crude this monring reached its highest level in almost a decade at $118 a barrel, while there have been further gains in the prices of aluminium and wheat.

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