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The Latest Breaking News from Oil

The U.S. and Iran have moved to the next stage of the peace process. Hawks on all sides are terrified that it will succeed.

Reason

Tallying the global cost of the US-Israel war against Iran

From thousands of lives lost to an economic shock likely to plunge millions into poverty, the world is paying dearly

The Guardian - UK

Flynn says SNP will ‘fight to protect’ oil and gas while also backing renewables

The Scottish Economy Secretary spoke out on the issue as he campaigned in Aberdeen South ahead of Thursday’s Westminster by-election.

Evening Standard

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Stocks leap worldwide, and oil prices drop after the US and Iran reach a tentative deal on their war

Stock markets are rallying worldwide, and oil prices are easing after the United States and Iran reached a tentative deal to get the global flow of crude going again

AAP

US stocks: Dow hits record high on Iran deal optimism, lower oil prices

Major Wall Street indexes surged at the open on Monday following a preliminary agreement between Washington and Tehran to resolve the Middle East conflict and reopen the Strait of Hormuz. This development triggered a significant drop in crude oil prices, boosting investor confidence across the board.

The Economic Times

Oil and gas unlikely to return to prewar prices for months even if Hormuz reopens

Markets welcome US-Iran peace deal but prices may stay high as buyers race to refill depleted emergency crude stockpiles

The Guardian - UK

Current price of oil as of June 15, 2026

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

Fortune

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‘It’s more exciting than ketchup!’ How chilli crisp became the hottest condiment – and how to make your own

This crunchy, spicy wonder has made a fortune for its Chinese creator – and inspired hundreds of British-Asian versions. Time to get tasting …

The Guardian - UK

ConocoPhillips Has Attractive Short-Put Yields over 1% for the Next Month

Short-sellers of out-of-the-money (OTM) ConocoPhillips put options expiring in one month can make 1% or more. COP stock has fluctuated with oil prices. Investors can play this by shorting OTM puts.

Barchart

Cotton Holding Firm on Monday Despite Crude Weakness

Cotton prices are looking at 9 to 19 point higher action so far on Monday. Futures closed with 4 to 49 points on Friday, with July still down 81 points on the week, as December fell 106 points. Crude oil was down $3.50 to $84.21/barrel. It is down $4.65 this...

Barchart

Corn Posting Monday AM Losses on Following Crude Oil Pressure

Corn is trading with losses of 4 to 5 cents early on Monday morning. Futures slipped into the Friday close, with contracts steady to 1 ¾ cents higher on the day. July was down 4 ¾ cents last week, with December down 5 ¾ cents. Open interest was up 6,185...

Barchart

Tentative deal on ending the Iran war sends stocks soaring, oil prices to lowest levels in months

Markets on Wall Street were poised to follow global markets sharply higher after a tentative deal was announced on ending the Iran war and reopening the Strait of Hormuz, while oil prices fell close to $5 a barrel

AAP

Oil slide sends India's benchmark yield to two-month low

Indian government bonds saw a significant rally on Monday. The benchmark yield reached a two-month low. This surge followed news of a preliminary peace deal between the U.S. and Iran. Oil prices dropped sharply, benefiting India's finances. Foreign investors are showing renewed interest in Indian bonds. This positive sentiment is…

The Economic Times

What inflation, jobs and Iran war peace deal means for UK interest rates today

The base rate has been at 3.75 per cent since December 2025

The Independent UK

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The Conversation

US-Iran war: what the ‘peace deal’ really means

The announcement of a new agreement between the United States and Iran has been greeted with relief across global markets. Oil prices have eased, shipping insurers have relaxed and politicians have rushed to hail a diplomatic breakthrough.

International Business Times

Oil Prices Plummet After U.S. And Iran Reach Tentative Deal To End The War

Oil prices plunged on Monday after the U.S. and Iran announced a tentative deal to end the war and reopen the Strait of Hormuz, potentially restarting the flow of about a fifth of the world's energy after more than three months.

Bored Panda

43 Breathtaking Oil Paintings By This Artist That Reveal The Hidden Beauty Of The Underwater World

Working primarily in oil and pastel, the Massachusetts-based painter is best known for her "Fractured Light" series, a body of work inspired by a moment in 2011 when she watched her daughter swimming in a pool and became captivated by the ribbons of sunlight, distorted reflections, and fleeting shapes created…

The Economic Times

Healthy hair starts with a healthy scalp: Why scalp care should be your first haircare step

We spend a lot of time thinking about our hair: the right conditioner, the right oil, the right treatment. But the thing that actually determines how your hair looks and grows? It starts at the scalp, and most haircare routines skip straight past it.

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Barchart

Stocks Set to Open Sharply Higher as Oil Sinks on U.S.-Iran Deal, Fed Meeting Awaited

June S&P 500 E-Mini futures (ESM26) are up +1.22%, and June Nasdaq 100 E-Mini futures (NQM26) are up +1.99% this morning, pointing to a sharply higher open on Wall Street as oil prices sank after the U.S. and Iran reached an interim peace deal that would reopen the Strait of…

The Economic Times

Rupee hits five-week high after oil plunges; traders eye further rally

The Indian rupee strengthened against the U.S. dollar for a second day. This rise follows a drop in oil prices and measures by the Reserve Bank of India to attract foreign currency. The rupee reached its highest level in five weeks. Traders anticipate a supportive near-term phase for the currency.…

We Got This Covered

‘Let the oil flow!’: U.S. and Iran reach peace deal hours after Israeli strike on Beirut and Iranian retaliation threat

The war with Iran may finally be over.

The Texas Tribune

In far West Texas, the threat of land seizures for a border wall has families on edge

In the Big Bend region, where some families have lived for generations, government letters seeking access to their land is sparking fear and resistance.

The Independent UK

Starmer hails hugely significant ‘breakthrough’ as Trump announces US-Iran war peace deal

US president Donald Trump said the agreement meant ‘oil will flow’ freely once again through the Strait of Hormuz, the vital shipping route out of the Persian Gulf

The Economic Times

US-Iran peace deal: Is it enough to end the 2-year drought for Nifty bulls, bring FIIs back?

A US-Iran peace framework has sparked a sharp rally in Indian markets, sending crude oil prices lower, strengthening the rupee and prompting FII short covering. Analysts believe easing macroeconomic pressures could improve growth prospects, though caution persists over elevated valuations in mid- and small-cap stocks.

The Economic Times

US-Iran peace deal brings relief, but India turns to a risk at home

India just got a near-term macroeconomic breather from a US-Iran peace deal. However, early monsoon weakness and potential El Niño conditions are emerging as the next major test for growth and price stability, shifting focus from imported energy stress to domestic climate risk.

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