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The Latest Breaking News from Oil

Energy Secretary admits gas prices might not drop until next year

‘I don’t know’ when gas prices will come down, Trump energy chief tells CNN

The Independent UK

Oil prices jump after Strait of Hormuz setbacks

The latest increase reverses a large chunk of Friday's sharp decline.

Axios

Oil prices rise anew amid a US-Iran standoff in the Strait of Hormuz

Oil prices are rising in early trading as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz, the Persian Gulf waterway that is crucial to global energy supplies

The Independent UK

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You don’t have to be a ‘cyclist’ to ride a bike. Here’s how to start again

As fuel prices climb and oil supply shocks multiply, you might be thinking – perhaps for the first time in years – about dusting off the bike and riding again. Perhaps you’re kicking yourself you haven’t done it already.

The Conversation

This fuel crisis could last for a while. It’s time for a new approach to fuel use – end it

Australia is in the middle of a fuel crisis, but the way the state and federal governments have chosen to respond signals a firm commitment to fossil fuels.

The Conversation

Trump’s latest Alaska drilling auction puts grizzlies, polar bears and sacred Indigenous land on the chopping block

The U.S. government just scheduled another oil and gas lease sale for Alaska’s Arctic National Wildlife Refuge, setting the stage for a fresh battle over a region that’s home to wildlife like grizzly bears, polar bears, gray wolves, caribou, muskoxen and migratory birds and land sacred to the Gwich’in Indigenous…

The Mary Sue

This artist blends oil paints, photos and sculpture to create realistic fantasy scenes

Daniel Katz combines imagination and real-world content.

Creative Bloq

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Ukraine targeted with over 230 Russian drones, Zelenskyy blasts US green light for Russian oil

Ukrainian Defence Forces targeted drone manufacturing plants in Russia and on occupied Ukrainian territory.

Euronews

India summons Iranian envoy after tankers come under fire in Strait of Hormuz

Attacks disrupt vital oil route used heavily by Indian shipping

The Independent UK

Strait of Hormuz standoff reignites as IRGC defies Iran’s diplomats

The Strait of Hormuz has been blocked again by Iran, as the IRGC’s hardline stance appears to prevail in Tehran. US Vice President JD Vance will lead the US delegation for talks in Pakistan on Monday, after President Trump said he would not attend.

Euronews

An energy blockade on Cuba pulls the plug on Havana’s legendary nightlife

President Donald Trump’s oil embargo on Cuba has exacerbated a crisis that has turned Havana’s nightlife dark and quiet

The Independent UK

Charting the Global Economy: IMF trims world growth projections

The International Monetary Fund has lowered its global growth forecast for 2026. This adjustment comes as the war in the Middle East has caused a significant oil price shock. The IMF also anticipates higher inflation due to rising energy and food costs.

The Economic Times

Ben Roberts-Smith denies war crimes allegations – As it happened

All the day’s news as it unfolded

The Guardian - AU

Break in economic data keeps Middle East in focus

Traders will be hoping US President Donald Trump strikes a permanent deal with Iran to keep the Strait of Hormuz open as the clock ticks on a fragile ceasefire.

AAP

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The Times of India

'Find lasting solution': Amid Trump pressure, Brazil, Mexico, Spain release joint statement backing Cuba

Mexico, Spain, and Brazil expressed deep concern over Cuba's "dramatic situation" and humanitarian crisis, calling for respectful dialogue and for the Cuban people to decide their future. This comes amid repeated threats from US President Donald Trump to "take Cuba" and increased US economic pressure, including oil shipment blockades, severely…

International Business Times UK

Trump Calls Emergency Situation Room Meeting as Iran Closes Strait of Hormuz — Negotiations in Crisis

Iran's closure of the Strait of Hormuz has escalated global tensions, prompting emergency meetings and diplomatic efforts to prevent further conflict.

International Business Times UK

'Not by the Tweets of Some Idiot': Iran's Own Military Defies Its Foreign Minister Over Strait of Hormuz

Iran's internal conflict over the Strait of Hormuz reopening reveals the IRGC's dominance, impacting global oil prices and shipping routes amid a fragile ceasefire.

Woman & Home

A dermatologist has just broken down the ultimate skincare routine - and it has 12 steps

If you want to "make a real difference,” here's every single thing you should do...

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news in one place.

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Fortune

The U.S. is ready to seize Iran-linked ships with boarding parties, report says, while Marines practice maritime raids

“During training evolutions like these, embarked Marines hone their skills for missions such as maritime interception operations.”

The Independent UK

How to save money and reduce stress as Iran war impacts summer flights in US

While consumers may be tempted to see if the war ends before buying airline tickets, the ‘wait-and-see’ approach is riskier

GOBankingRates

Buying a Home Just Got Harder: How the Iran Conflict Is Pushing Rates Up

Rising oil prices tied to the Iran conflict may keep mortgage rates elevated, squeezing affordability for U.S. homebuyers and reshaping the housing market.

AAP

Drivers' fuel spend finally drops as oil channel shuts

Australian motorists are caught between the US and Iran as the Islamic republic backflips on a promise to reopen a critical shipping route.

Euronews

Pope Leo XIV lands in Angola, says it is 'not in my interest at all' to debate Trump

After visiting Cameroon, Angola is the third leg of Pope Leo XIV's 11-day tour of Africa. People hope for appeals for peace and for him to tackle the economic woes of the oil- and rare-earth-rich nation.

MarketBeat

3 ETFs to Benefit From Oil Price Surge Without Direct Investment

Fluctuations in the price of oil have been enough to send shares of oil infrastructure stocks and ETFs through the roof this year.

International Business Times

Oil Prices Plunge Below $85 as Iran Reopens Strait of Hormuz in Major Market Relief

World oil prices tumbled sharply on Friday, with benchmark U.S. crude dropping more than 10 percent to settle below $84 per barrel after Iran declared the Strait of Hormuz fully open to commercial shipping during an ongoing ceasefire, easing fears of prolonged supply disruptions from the Middle East conflict.

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