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The Latest Breaking News from Oil

More confusion looms over Strait of Hormuz after Iran attacks three ships near waterway

Confusion is deepening in the Strait of Hormuz after Iran attacked three ships near the crucial waterway that has plunged the world into an energy crisis

The Independent UK

Soaring Crude Oil Prices Support Sugar Prices

May NY world sugar #11 (SBK26 ) on Wednesday closed up +0.14 (+1.04%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +1.70 (+0.40%). Sugar prices settled higher on Wednesday, with London sugar posting a 1.5-week high. Short covering emerged in sugar futures on Wednesday as crude oil...

Barchart

10 Car Care Mistakes That Can Destroy Your Vehicle Faster Than You Think

A car can quietly rack up thousands of dollars in damage long before anything feels “wrong” behind the wheel. Small habits—skipped maintenance, ignored sounds, quick shortcuts—chip away at performance and lifespan until one day the repair bill lands with a thud. Drivers who treat their vehicles like long-term investments avoid…

Clever Dude

From analysis to the latest developments in health,
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Australia has more fuel in tank than before Iran war

As the repercussions of the US-led war on Iran continue and a crucial oil corridor remains effectively closed, Australia has topped up its fuel supply.

AAP

Cotton Collapsing at Wednesday’s Midday

Cotton futures are under pressure on Wednesday, with contracts falling back 170 to 230 points across the front months. The US dollar index was 0.179 higher at $98.400. Crude oil was up another $3.93 to $93.60. The Seam showed 905 bales sold on April 21 at an average of 74.69...

Barchart

Soybeans Slipping Back on Wednesday

Soybeans are trading with 4 to 5 cent losses in the front months on Wednesday’s midday. The cmdtyView national average Cash Bean price is down 4 1/4 cents at $11.06 1/2. Soymeal futures are down $1 to $2 so far on the day, with Soy Oil futures back down 42...

Barchart

Russia Reaffirms 'Support for Sovereignty' of Cuba Amid U.S. Threats but Stops Short of Military Commitment

Foreign Minister Sergey Lavrov also pointed to ongoing assistance, including oil shipments, and said such support would continue alongside contributions from China

Latin Times

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Crude Oil Strength Prompts Short Covering in Sugar Futures

May NY world sugar #11 (SBK26 ) today is up +0.07 (+0.52%), and Aug London ICE white sugar #5 (SWQ26 ) is up +1.20 (+0.28%). Sugar prices are moving higher today, with London sugar posting a 1.5-week high. Short covering emerged in sugar futures today as crude oil prices (CLM26...

Barchart

FTSE 100 struggles as Brent oil tops 100 dollars once more

The FTSE 100 closed down 21.63 points at 10,476.46.

Evening Standard

3 ‘Outside’ Factors Driving Gold and Silver Prices Right Now

Let’s look at the key outside markets and their present daily price impacts on gold and silver.

Barchart

Strait of Hormuz is hosting gunboat diplomacy as US and Iran vie for most effective blockade

Iran’s goal is to maintain chokehold on the global economy, even as some say it could run out of oil storage by Sunday

The Guardian - UK

Brent Crude Climbs Back Above $100 a Barrel As Tensions Continue At The Strait Of Hormuz

Brent crude oil has climbed back above $100 a barrel on Wednesday the Strait of Hormuz remains closed and Iran shows no signs of willingness to attend a second round of negotiations with the U.S.

International Business Times

Crude Oil Prices Climb as Global Oil Supplies Disrupted

June WTI crude oil (CLM26 ) today is up +2.55 (+2.84%), and June RBOB gasoline (RBM26 ) is up +0.0882 (+2.82%). Crude oil and gasoline prices are sharply higher today, with gasoline posting a 2-week high. Energy prices are rallying today as the cancellation of peace talks between the US...

Barchart

'Iran's Maldives' could drown in oil due to spills from air strikes, satellites show

Air strikes on oil facilities and oil tankers in the Persian Gulf have unleashed what is set to become an ecological catastrophe, satellite images show.

LiveScience

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Capital & Main

Texas’ Gulf Coast Has a Health Problem: Benzene Emissions Are Among the Highest in the Nation

At the worst-performing refineries, report finds operators are not tackling recurring and harmful leaks, leading to public health risk.

The Guardian - UK

EU agrees to unblock €90bn loan for Ukraine after Hungary lifts veto

Agreement for the urgently needed loan was reached after Ukraine resumed pumping Russian oil to Hungary and Slovakia

The Times of India

Is Trump's Hormuz blockade a 'success'? 34 Iran-linked tankers bypass restrictions with $900 million oil

US claimed that it holds "total control" over the Strait of Hormuz, calling it a success. However, reports reveal Iran-linked tankers are bypassing these restrictions. At least 34 tankers have continued operations, with some carrying significant oil volumes. This situation creates a complex environment for global oil trade. Tensions remain…

Barchart

The Iran War Has Made Oil Prices a Moving Target. That’s Why This ETF and Option Combination Makes Sense.

This options trading strategy lets you profit no matter where oil prices head next.

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news in one place.

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Barchart

Stocks Supported by Iran Ceasefire Extension and Strong Earnings

The S&P 500 Index ($SPX ) (SPY ) today is up +0.84%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.76%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.28%. June E-mini S&P futures (ESM26 ) are up +0.80%, and June E-mini Nasdaq futures...

Euronews

Kazakhstan confirms suspension of its oil transit to Germany via Russia

Kazakhstan’s energy minister announced Wednesday there would be no transit of its oil to Germany through Russia throughout May due to Russian technical constraints, assuming it is “related to recent strikes on Russian infrastructure".

Ideal Home

5 scents ants hate, and how to use them to stop these pests plaguing your home and garden this summer

P.S, these scents will make your home smell so good...

International Business Times UK

First Oil Now Groceries, Now Condoms: Prices To Rise By Up to 30% As Iran War Hits Global Supply

Condom prices may rise by up to 30% as the Iran war disrupts supply chains. Karex Bhd, the largest condom manufacturer, cites rising production costs and shipping delays as key factors.

The Guardian - UK

How Ireland’s war-driven fuel blockades revealed the true cost of Europe’s oil addiction

Donald Trump’s conflict with Iran could speed the EU’s green revolution – if panicking governments can hold their nerve on clean energy

inkl

Oil Prices in April – AURUM GROUP Reviews This Volatile Market

In April, world oil prices took a tumble, surprising many investors. Behind this move are important signals about the economy and market sentiment. To help you better understand these changes, this article shares insights from AURUM GROUP experts, giving a detailed look at what is driving the oil market right…

Barchart

Stocks Advance as US Extends Iran Ceasefire

The S&P 500 Index ($SPX ) (SPY ) today is up +0.65%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.70%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.79%. June E-mini S&P futures (ESM26 ) are up +0.68%, and June E-mini Nasdaq futures...

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