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The Latest Breaking News from Oil

Trump’s ‘clock is ticking’ Iran warning sends oil prices soaring and global markets tumbling

Asian stocks are mostly lower and oil prices have jumped after U.S. President Donald Trump warned Iran that the “clock is ticking” as talks over a permanent end to the war stall

The Independent UK

If oil stays above $100/ barrel and RBI stops managing volatility, Re would be 102 against dollar: Naveen Mathur

India's foreign exchange reserves have dropped significantly as the Reserve Bank of India intervenes to manage rupee volatility. Surging crude oil prices and foreign investor outflows are pressuring the currency. Analysts suggest the rupee's slide may continue if global conditions do not stabilize. The RBI aims to smooth the rupee's…

The Economic Times

No, the Iran war won’t ground your European holiday flight

A commentary on the US-Iran conflict says European summer flights are unlikely to face major disruptions for now, despite earlier fears over jet fuel shortages. Jet fuel prices had surged after the conflict escalated but have since fallen around 30%, prompting some airlines to reduce fuel surcharges.

The Economic Times

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Silver tanks Rs 5,600/kg, gold slips Rs 1,000/10g after drone strike on UAE nuclear plant amid Iran war fears. Time to sell?

Gold and silver prices opened sharply lower on Monday, driven by escalating Middle East tensions that pushed oil prices higher and fueled inflation concerns. This surge in oil prices strengthened expectations that interest rates could remain elevated for longer, impacting bullion markets. Investors are closely watching for further clues on…

The Economic Times

Xi prepares to welcome Putin to China four days after hosting Trump

Chinese state media say Beijing emerging as ‘focal point of global diplomacy’ with Russian leader arriving on Tuesday

The Guardian - UK

Ukraine-Russia war latest: Putin heads to China summit just days after Xi and Trump meeting

The meeting comes after Russia attacked a Chinese ship headed for a Ukrainian port

The Independent UK

Rupee hits record low of 96.18 vs USD as rising yields add to oil shock

The Indian rupee hit a new all-time low against the dollar on Monday, plummeting to 96.18. Soaring global bond yields, fueled by elevated energy prices from the Iran war, have weakened investor confidence. This marks the rupee's fifth consecutive session of record lows, making it Asia's worst-performing currency this year.

The Economic Times

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Iran fires a fresh threat: After oil, your Insta reels, Amazon deliveries, WhatsApp chats and Netflix streams could be the next target

From Whatsapp chats, Insta reels to Amazon deliveries, everything could be hit as Iran is considering imposing fees on undersea internet cables passing through the Strait of Hormuz. This move could impact global technology companies and disrupt international internet traffic. The proposal also suggests restricting cable repair work to Iranian…

The Economic Times

Petrol, Diesel prices hiked again as brent crude rises above $110 barrel? Check fuel rates in Delhi, Mumbai, Chennai and other cities today

Petrol, Diesel prices today: Petrol and diesel prices remained steady on Monday after a recent Rs 3 per litre hike, with further increases anticipated due to rising global oil prices. This surge, driven by Middle East conflict and US-Iran tensions, is pressuring India's foreign exchange reserves as the nation imports…

The Economic Times

Australian shares plunge to seven-week low

The Australian stock exchange has fallen to its lowest level since early April as surging oil prices and runaway price growth send jitters through bond markets.

AAP

Oil Price Today (May 18): Crude oil above $110 again as Iran war tensions deepen. Where is liquid gold headed?

Oil prices climbed on Monday. Hopes for peace with Iran dimmed after an attack on a UAE nuclear plant. President Trump is reviewing military actions. Drone attacks on the UAE and Saudi Arabia increased fears of wider conflict. The Strait of Hormuz remains a key concern for global oil and…

The Economic Times

Rupee seen testing record lows; bonds to extend fall on Iran war jitters

The Indian rupee is poised to hit record lows as investors grapple with growth-inflation risks stemming from the Iran war. Rising Brent crude prices are fueling global inflation concerns, prompting expectations of monetary tightening. India's policymakers are implementing measures to support the rupee and manage balance of payments pressures, while…

The Economic Times

Gold slips to 1-1/2-month low as Middle East tensions lift oil, cloud rate outlook

Gold prices dropped to a one-month low on Monday. Middle East tensions boosted oil prices, fueling inflation concerns. This reinforced expectations for sustained higher interest rates. Investors are awaiting US Federal Reserve meeting minutes for policy direction. India has also curbed silver imports to ease pressure on its currency. Other…

The Economic Times

Dollar firms as oil climbs, bond rout saps risk appetite

The dollar strengthened globally on Monday, fueled by rising oil prices due to Middle East tensions and a bond market selloff that dampened investor confidence. This surge in oil prices, linked to potential Strait of Hormuz disruptions, is expected to benefit the dollar further. Meanwhile, persistent yen weakness keeps markets…

The Economic Times

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The Economic Times

Petrol, diesel prices hiked for first time in 4 years; fuel retailers still face a gap of Rs 15-20/litre on sales

India is the world’s third-largest oil importer, heavily dependent on global markets and energy flowing out of the Persian Gulf. In a crisis, the government typically prioritises the protection of its 1.4 billion, price-sensitive consumers and containing inflation, but last Friday’s increase suggests it is beginning to restore a balance…

The Economic Times

Global Market Today: Asian shares slip, oil prices pile pressure on bonds

Asian markets declined Monday. Drone attacks in the Gulf boosted oil prices and bond yields. Investors anticipate Nvidia's earnings report this week, which could impact the AI boom. G7 finance ministers are meeting to discuss the Strait of Hormuz and raw material supplies. High energy costs are driving inflation concerns…

The Economic Times

Oil touches 2-week high after drone attack on UAE nuclear power plant

Oil prices are rising as tensions between the U.S. and Iran escalate. An attack on a nuclear power plant in the United Arab Emirates has heightened concerns. U.S. President Donald Trump is reportedly set to discuss military actions against Iran. This follows recent drone attacks on the UAE and Saudi…

The Economic Times

Stocks in news: Vodafone Idea, Indian Oil, Tata Steel, Dr Reddy's, PFC

Markets closed lower amid geopolitical tensions, rupee weakness, and rising inflation. Upcoming week will be sensitive to US-Iran conflict implications for oil and inflation. Vodafone Idea reported a Rs 51,970 crore net profit due to an accounting gain, while Tata Steel and Hindustan Copper saw significant profit growth in Q4FY26.

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Mic

65 Insanely Cheap Things On Amazon That Are Utterly Brilliant

These insanely cheap things on Amazon are so utterly brilliant, you will want to drop them in your cart STAT.

The Guardian - AU

Ukraine war briefing: The drones that bombarded Moscow region

Kyiv says electronics factory for weapon parts and oil pumping station among targets; Zelenskyy claims Ukraine outstripping Russia on battlefield. What we know on day 1,545

Fortune

Markets are jittery as the global oil crisis bleeds into a global debt selloff, while Trump weighs new military options on Iran

Trump told Axios "the clock is ticking" for Iran and warned if the regime doesn't make a better deal "they are going to get hit much harder."

Motor1

‘Something Feels Wrong’: Dealership Changes Oil In Woman’s Ford. Then A Wheel Falls Off On Her Way Home. That’s Just The Beginning

A Ford Bronco owner says she noticed something wasn't quite right with her vehicle after getting an oil change and tire rotation.

The Mary Sue

Trump’s ‘peace deal’ in tatters as Russian missiles slaughter 24 in Kyiv, and Zelenskyy’s response just leveled one of Putin’s biggest refineries

Donald Trump’s so-called peace deal is unraveling fast after Russian missiles obliterated a Kyiv apartment block, killing 24 people including three children. Ukrainian President Volodymyr Zelenskyy didn’t waste time retaliating, launching a massive drone strike that just leveled one of Russia’s biggest oil refineries. The exchange marks a brutal escalation…

The Independent UK

Cuba stockpiles drones and creates list of American targets amid U.S. blockade and takeover threats, report says

Cuba is in the midst of a humanitarian and energy crisis after months of a de facto U.S. blockade on oil imports

The Economic Times

'Fight relentlessly': Ukraine commander vows strikes into Russia

Ukraine's unmanned forces commander, "Madyar," is orchestrating deep strikes into Russia, targeting defense and oil facilities to cripple war funding. These increasingly frequent attacks, aimed at retribution, are enabled by more resources and the gradual dismantling of Russian air defenses, keeping Moscow on edge.

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