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The Latest Breaking News from Oil

The Tool-Share Strategy: How to Get Luxury Garden Tools for Free

There’s something undeniably satisfying about working in your garden with high-end tools—the kind that feel balanced in your hand, glide through soil, and make you look like you know exactly what you’re doing. The problem? Luxury garden tools can cost a small fortune, turning a simple hobby into a pricey…

Frugal Gardening

Ford Dealership Tells Man It’ll Cost $2,800 To Fix Leaking Valve. Then An Independent Mechanic Steps In

The owner of a Ford Mustang didn't have any reason at first to doubt a dealership's assessment that he had a leaky valve cover. The burning oil smell was a clear sign that something was wrong, but an estimate of more than $2,800 made him get a second opinion from…

Motor1

Traders placed over $1bn in perfectly timed bets on the Iran war. What is going on?

Suspicious wagers on the US-Israel war in Iran are creating huge windfalls and raising concerns among lawmakers

The Guardian - US

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Moscow bombards Ukraine while Kyiv targets Russian oil facilities

Ukraine struck multiple Russian oil refineries with drones on Saturday while simultaneously repelling a 219-drone Russian assault on its own territory.

Euronews

Recipes to help you look and feel good: 5 glow-up dinners full of veg, vitamins, and antioxidants

These easy dinner recipes are packed with ingredients made to help you both look and feel great

Woman & Home

Can Europe avoid a summer of holiday flight and cross-Channel travel chaos?

Passengers face risk of cancellations due to fuel shortages – and long airport queues due to EU entry-exit system

The Guardian - UK

Oil prices drop after Iran says Strait of Hormuz ‘completely open’ for passage of ships

US stocks raced to another record on Friday after Iran said the Strait of Hormuz is open again for tankers

The Independent UK

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More than 3,400 Iranians killed in war - as it happened

This blog is now closed

The Guardian - AU

Iranian gunboats fire on tanker transiting the Strait of Hormuz, UK military says

The United Kingdom Maritime Trade Operations Centre says two gunboats from Iran’s Revolutionary Guard opened fire on a tanker transiting the Strait of Hormuz after Iran said it had reimposed restrictions on the vital waterway.

Euronews

Trump brands UK ‘crazy’ for not drilling the North Sea. But would it actually lower energy bills?

Donald Trump’s latest attack on renewables has reignited calls to drill the North Sea for oil – despite research showing it won’t lower energy bills.

Euronews

Open or closed? Uncertainty lingers as Iran-US reopen Strait of Hormuz, but with conditions

The Strait of Hormuz's reopening remains uncertain despite Iranian and US claims. While some vessels attempted passage, many turned back, with the International Maritime Organization seeking clarification on safety. The US maintains its naval blockade, while Iran warns of re-closure if the blockade persists, impacting vital global oil and LNG…

The Times of India

Fuel pump prices to ease amid shipping breakthrough

Australians can expect petrol prices to fall further in coming weeks as oil prices ease, although volatility is expected to continue for months.

AAP

President Xi 'very happy' over Hormuz reopening: Trump says 'looking forward' to 'special' meeting in China

President Trump stated that Chinese President Xi Jinping is pleased with the reopening of the Strait of Hormuz. Trump anticipates a "special and potentially historic" meeting next month in China, where "much will be accomplished." This comes amid disruptions to global oil supplies due to Middle East conflict.

The Times of India

US again lifts sanctions on Russian oil stranded at sea two days after Trump’s treasury secretary promised not to

It prolongs a similar 30-day waiver issued in March

The Independent UK

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The Guardian - AU

Australia ‘prepared to provide assistance’ in the strait of Hormuz, PM says, as ‘fragile’ opening expected to ease fuel prices

Anthony Albanese was in meeting of 49 countries to discuss key shipping route when news broke that Iran was reopening strait

The Independent UK

Spirit Airlines asks Trump administration for emergency bailout as it faces liquidation over rising fuel costs: reports

Spirit Airlines was expected to emerge from bankruptcy this summer but then the Iran war caused oil prices to surge

The Guardian - AU

Ukraine war briefing: Russia seeking to bring Belarus back into the war, says Zelenskyy

Building of artillery positions and roads suggest fresh military efforts likely from the north, says Ukrainian president. What we know on day 1,515

The Independent UK

These are the UK’s top-performing mobile networks

Anyone unhappy with their provider ‘should not hesitate to vote with their feet’

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AAP

Budget tightrope to cut oil dependence, ease inflation

The upcoming budget presents an opportunity to reduce reliance on vulnerable global fuel supply chains but comes at a time of multiple priorities to juggle.

Barchart

Cotton Rally into Friday’s Close

Cotton futures posted gains of 44 to 170 points across the board on Friday, with May rallying 418 points on the week. The US dollar index was $0.045 higher at $98.070. Crude oil fell $9.12 on the day following Iran agreeing to open the Strait of Hormuz this morning. Managed...

Barchart

Soybeans Push Higher int Friday’s Close

Soybeans closed with Friday gains of ½ to 4 ¾ cents across the board, with Marh slipping 8 ½ cents on the week. The cmdtyView national average Cash Bean price was up 4 cents at $11.02. Soymeal futures were down 90 cents to $3 higher on the day, closing the...

Barchart

Corn Rallies Back to Close Higher on Friday

Corn futures closed the Friday session with most contracts fractionally to 2 ½ cents higher, shrugging off early weakness. July was an exception, down ¼ cent. The CmdtyView national average Cash Corn price was up 1/2 cent at $4.12 3/4. Crude oil fell $9.12 on the day following Iran agreeing...

The Independent UK

Traffic and trepidation in the Persian Gulf could keep gasoline prices from dropping quickly

Oil prices plunged and the stock market rallied after U.S. President Donald Trump and Iran’s foreign minister said that the Strait of Hormuz is fully open

Barchart

Stocks Soar on Middle East Peace Prospects

The S&P 500 Index ($SPX ) (SPY ) on Friday closed up +1.20%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.79%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.29%. June E-mini S&P futures (ESM26 ) rose +1.20%, and June E-mini Nasdaq futures...

Kiplinger

Dow Rises 868 Points Amid Gulf Ceasefire: Stock Market Today

Investors, traders and speculators are celebrating a Middle East peace worked out through the diplomatic channels of social media.

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