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The Latest Breaking News from Oil

Crude Oil Prices Gain as Strait of Hormuz Remains Closed

July WTI crude oil (CLN26 ) on Friday closed up +0.25 (+0.26%), and July RBOB gasoline (RBN26 ) closed up +0.0756 (+2.31%). Crude oil rebounded from a 1-week low on Friday and settled higher as a US-Iran peace deal remains elusive, keeping the Strait of Hormuz closed and disrupting global...

Barchart

Sugarcane-derived bio-oil eyed as huge waste-saver

Khon Kaen University is developing bio-oil from sugarcane leaves to cut agricultural waste and support clean energy production, with the prototype technology capable of producing up to 1,000 litres daily.

Bangkok Post

BC-OILS

NEW YORK (AP) — Futures trading on the New York Mercantile Exchange Friday:

AAP

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Iran-Linked Hackers Used Fake Recruiter Lures to Spy On Engineers And Access Critical Systems: Report

Iran-linked hackers posed as job recruiters to target software engineers in the aviation, oil, and gas sectors, using fake job postings and malware-laced videoconferencing tools in an espionage campaign aimed at workers with access to critical systems.

International Business Times

Mixed messages on Iran keep investors guessing

RECAP: Asian stocks rose yesterday while the US dollar held near a six-week high ‌and oil prices rose, though conflicting messages on the Iran talks kept investors guessing and capped gains.

Bangkok Post

Trump’s ‘Don-Roe Doctrine’ Just Backfired as Russia Steps in to Save Cuba From His ‘Sanctions Noose’

Trump’s maximum pressure campaign is pushing Cuba straight into Russia’s arms.

The Mary Sue

The Best Summer 2026 Makeup Trends Are Serving Up a Dose of Ethereal Mermaid Energy

Watercolor shadow, glossy skin, and blurred lips are in.

Marie Claire

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Cotton Falling Lower on Friday

Cotton futures are down 50 to 77 points at Friday’s midday. The US dollar index was $0.003 lower at $99.215. Crude oil was up $0.54 on the day to $98.89. The market will be closed on Monday for Memorial Day, with a normal open for the Tuesday session. USDA’s Export...

Barchart

Soybeans Holding onto Gains at Midday

Soybeans are trading with 1 to 4 cent losses across most contracts on Friday. The cmdtyView national average Cash Bean price is up 3 1/2 cents at $11.34 3/4. Soymeal futures are up $2.30 to $3.80 on the day, with Soy Oil futures 40 to 45 points higher. The CBoT...

Barchart

Kemi Badenoch: Aberdeen is dying because of the SNP

The Conservative leader accused the SNP of speaking ‘out of both sides of its mouth’ on support for the fossil fuel industry.

Evening Standard

The natural balm I’ve found to be better than Ibuprofen gel for soothing sore muscles

I’ve been using Espa’s essential oil blend for eight years, and it can help ease headaches too

The Independent UK

Where California’s Gubernatorial Candidates Stand on Climate and Taking Big Oil Money

While frontrunners Steyer and Becerra slug it out, they’re clashing over their commitment to clean energy.

Capital & Main

FTSE 100 edges up amid cautious US-Iran optimism

Stocks gained encouragement from lower oil prices as investors weighed the latest developments in the Middle East.

Evening Standard

White House secretly ‘freaked’ about potential of breaking $5.02 gas record set under Biden

President Donald Trump has often boasted about his administration’s economic policies by comparing them to high prices under the Biden administration

The Independent UK

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Radio France Internationale

How Russia’s shadow fleet keeps slipping through Europe’s net

Russia’s vast “shadow fleet” of vessels has been seen primarily as a means of keeping the Kremlin’s oil revenues flowing despite Western sanctions. But a new report from the monitoring group ACLED argues the fleet has evolved into something bigger – a flexible platform for hybrid warfare across northern Europe.

AAP

Wall Street keeps rising, even as U.S. households keep getting more discouraged

The U.S. stock market is rising toward the finish of an eighth straight winning week

The Economic Times

Rubio on a rescue mission in India? Here are the high stakes

US Secretary of State Marco Rubio visits India to strengthen ties. The visit addresses trade friction and strategic concerns. The US seeks to re-anchor the partnership. Energy security and the Quad dialogue are key discussion points. India balances cooperation with its strategic autonomy.

Barchart

Crude Oil Prices Supported as Iran Peace Deal Remains Elusive

July WTI crude oil (CLN26 ) today is up +1.31 (+1.36%), and July RBOB gasoline (RBN26 ) is up +0.0831 (+2.54%). Crude oil rebounded from a 1-week low today and is sharply higher as US-Iran peace deal remains elusive, keeping the Strait of Hormuz closed and disrupting global oil supplies....

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AAP

Wall Street rises toward another winning week, even as U.S. households feel more discouraged

The U.S. stock market is rising toward the finish of an eighth straight winning week

The Economic Times

US Secretary of State Rubio sees progress in Iran talks, but says 'not there yet'

United States officials report some progress in talks with Iran. Diplomatic efforts are intensifying to end a conflict that has disrupted the global economy. Key issues remain, including Iran's enriched uranium and control over the Strait of Hormuz. The situation fuels uncertainty and impacts oil prices. Negotiations continue with international…

MarketBeat

Frontline Q1 Earnings Call Highlights

Frontline (NYSE:FRO) reported what Chief Executive Officer Lars Barstad called the company’s most profitable quarter since 2004, as tanker markets were reshaped by the effective closure of the Strait of Hormuz and shifting global oil trade patterns. Speaking on the company’s first-quarter 2026 earn

AAP

US stocks open higher and are headed for their 8th weekly gain in a row

The U.S. stock market is heading toward an eighth straight winning week, which would be its longest such streak since 2023

The Economic Times

Oil spike, global debt, market stress: RBI flags mounting external shocks but lays out 5 areas where India remains resilient

The Reserve Bank of India warns of global economic dangers from oil prices, debt, and market stress. However, India shows strength in growth, inflation control, and its banking sector. The nation remains a fast-growing economy. Strong domestic demand and government spending support this. India's foreign reserves are healthy, and its…

AAP

Oil and gas prices to remain high in Europe at least until the end of 2027, officials say

European Union officials say that Europeans can expect oil and gas prices to remain above what they were before the Iran war for at least until the end of 2027

Fortune

Current price of oil as of May 22, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

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