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The Latest Breaking News from Oil

US stocks today: US stocks fall as Big Tech earnings rekindle AI spending worries; oil hits $100

US stock markets faced a sharp downturn on Thursday, primarily driven by worries around Big Tech earnings. Following their quarterly financial disclosures, shares of Alphabet and Tesla fell sharply. Meanwhile, due to rising tensions in the Middle East, oil prices surged to $100 a barrel, reigniting worries about inflation and…

The Economic Times

Brent crude oil price surges past $100 as Houthi tanker attacks in Red Sea rattle markets

Brent crude surged above $100 a barrel after Houthi rebels claimed attacks on Saudi oil tankers in the Red Sea, escalating supply concerns. Rising crude prices intensified inflation fears, lifted bond yields and heightened risks to global energy markets.

The Economic Times

Iran Is Seeking To Dominate The Strait Of Hormuz. Gulf Countries Are Planning To Bypass It

At least seven major pipeline projects are under construction, in the planning stage or being considered as countries seek to bypass the Strait of Hormuz.

International Business Times

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Marco Rubio Says Iran Is 'Not Ready' To Make a Deal, Threatens With Further Escalation 'Every Night'

Secretary of State Marco Rubio said strikes against Iran will continue to escalate until Tehran is ready to make a deal "they are willing to live by."

International Business Times

5 Scents Rats and Mice Hate – and One Will Leave Your Home Smelling Better Than Before

These common household scents could help make your home less appealing to unwanted rodent visitors

Homes & Gardens

The Houthis Struck Two Saudi Ships In The Red Sea. Oil Is Jumping Further, With Brent Topping $100

Oil prices soared on Thursday after Iran's Houthi allies struck two vessels carrying Saudi oil in the Red Sea as clashes in the Middle East continue to escalate.

International Business Times

Mohamed El-Erian Warns Higher Oil, 'Massive Bond Issuance' Are Driving Global Yield Surge Ahead Of Fed Meeting

Economist Mohamed El-Erian has warned that surging global yields are being actively driven higher by energy costs and “massive bond issuance ahead,” coming just ahead of next week’s Federal Reserve meeting, where market participants expect benchmark interest rates to remain unchanged for now.

Benzinga

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Cotton Trading with Thursday AM Strength

Cotton price action is up 38 to 63 points on Thursday morning. Futures saw gains of 42 to 91 points across most contracts on Wednesday session. Crude oil is up another $2.14 per barrel, with the US dollar index down 0.061. The NOAA 7-day QPF shows very limited precipitation across...

Barchart

Trump warns Iran will be held 'responsible' for Houthi ship attacks

President Trump warned Iran of significant military punishment for Houthi attacks. He described the Yemen-based militia as a proxy of Tehran. This warning followed Houthi claims of striking two Saudi oil tankers. The Houthis stated the vessels violated their declared naval blockade. This incident ended a year of responsible behavior…

The Economic Times

Europe's central bank holds rate steady amid swings in oil prices

The European Central Bank is leaving interest rates unchanged amid uncertainty about how volatile energy prices will affect inflation

The Independent UK

Updated: Indian bonds fall for third session as oil prices near $100 a barrel

Indian government bonds experienced a decline for the third straight session on Thursday, primarily influenced by escalating tensions in the Middle East, which pushed crude oil prices to nearly $100 a barrel. Additionally, the rise in U.S. Treasury yields dampened market sentiment. Given India's dependency on crude oil imports, this…

The Economic Times

The Houthis Announced An Embargo Of Saudi Oil In The Red Sea. They Began Enforcing it Forcefully

Iran's Houthi allies said they struck two Saudi tankers as part of their embargo of the country's oil in the Red Sea.

International Business Times

Woman Starts Her Buick. Then It Makes A Noise Unlike Any She's Ever Heard: ‘Does Anybody Know What’s Going On?’

'Expect to spend thousands.'

Motor1

India to build Phase-II strategic oil reserves at Rs 14,527 cr under PPP model

India plans a second phase for its strategic petroleum reserves. This expansion will add 6.5 million tonnes of crude oil storage. Two new facilities will be established in Odisha and Karnataka. The government is also continuously assessing new sites for reserves. This initiative aims to strengthen national energy security and…

The Economic Times

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The Independent UK

A new threat by Yemen's Houthis could widen the Iran war and put another trade chokepoint at risk

Yemen’s Houthi rebels have declared a blockade on Saudi Arabia, potentially widening the Iran war and further disrupting global trade

The Economic Times

Market wrap: Adani Enterprises, IndiGo, Bajaj Auto among top gainers and losers on Nifty and Sensex on Thursday

Indian benchmark indices extended losses for a fourth straight session as rising oil prices, driven by escalating US-Iran tensions, weighed on sentiment. Analysts warned of inflation risks, weaker market momentum and continued volatility, with Nifty facing resistance near the 24,000 level.

Barchart

Stocks Slip Before the Open on AI Spending Worries and Higher Bond Yields

September S&P 500 E-Mini futures (ESU26) are down -0.42%, and September Nasdaq 100 E-Mini futures (NQU26) are down -0.51% this morning as earnings from Alphabet and Tesla heightened concerns over the scale of AI spending, while rising oil prices drove bond yields higher.

Fortune

Trump faces a catch-22 on Iran because of midterms, says his former commerce secretary: Face inflation furor or withdraw and look weak

“The war itself, in a kind of technical sense, is over … The question is, can we win the peace? And that’s what Hormuz is about,” Trump’s former commerce secretary, Wilbur Ross, exclusively tells Fortune.

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Salon

U.S. running low on Iran war options

From weapon stockpiles to diplomatic options, the U.S. is operating from a place that has few levers left

The Economic Times

Rupee ends nearly flat as central bank intervention blunts oil strain

On Thursday, the Indian rupee hovered close to a two-month low, influenced by potential intervention from the central bank to counteract rising oil prices. Brent crude oil approached the $100 per barrel mark following recent Houthi attacks, raising fears about India's economic stability. In light of these developments, investors have…

Fortune

Current price of oil as of July 23, 2026

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

The Economic Times

India loses Russia oil discount as Red Sea, Hormuz risks upend crude markets

Russia's crude oil discounts for India have disappeared as Middle East supply disruptions and Red Sea shipping risks boost demand for alternative cargoes. Rising crude oil prices and higher import costs could squeeze margins for Indian refiners, including BPCL, as geopolitical tensions reshape global oil trade and energy markets.

Bangkok Post

Iran vows to continue strikes in spreading Mideast war

TEHRAN - Iran vowed on Thursday to keep striking the region so long as it remains under attack, as the Middle East war spread to new fronts with Tehran’s Houthi allies attacking Saudi shipping in the Red Sea.

The Guardian - UK

The best cleansers in the UK for every skin type and budget – tested

They’re the foundation of a good routine, but which face wash does our beauty expert rate for oily, dry, or normal skin?

Euronews

Gulf oil producers race to build alternatives to the Strait of Hormuz as oil hits $100

Gulf oil producers are spending billions of dollars on pipelines designed to route crude around the Strait of Hormuz, as Iran's grip on the waterway drags on causing oil prices to hit $100 a barrel for the first time since May.

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