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The Latest Breaking News from Oil

Breaking Live 5 publishers covering this story in the last 6 hours

32m ago MarketBeat Week in Review – 10/19 - 10/23
2h ago Iran claims Strait of Hormuz control, warns US warships against entering Persian Gulf amid fresh strike threat
2h ago Gillian Mackay sparks emergency conference debate on 'catastrophic' Jackdaw decision
3h ago After oil, internet? Iran plans to target Gulf's undersea cables
3h ago FIIs dump Indian stocks for 10th straight week as markets slide: Is the worst over or more pain ahead?

Sandra Bullock's £14 lip gloss is gently plumping and shine-boosting - and we just spotted it on the set of Practical Magic 2

Spotted on set: the lip product Sandra Bullock and her on-screen counterpart, Sally Owens, seemingly have in common...

Woman & Home · Aug 26

Iran-US war latest: Trump says Hormuz is a ‘very functioning Strait despite the odd rocket or drone’ in bizarre rant

US president repeats claim that the vital oil waterway is open

The Independent UK · Aug 26

Three Greek-inspired recipes to bring holiday food home

Greek food is booming, helped along by holidays, health and a national weakness for feta. Hannah Twiggs has three recipes to keep the summer going a little longer

The Independent UK · Aug 26

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read the most diverse news in one place.

Some Indian refiners, a global energy major plan to avoid Iran-blacklisted ships amid Hormuz risk

Indian refiners and a global energy major will avoid Iran's blacklisted ships. This decision stems from security concerns over vessels crossing the Strait of Hormuz. Iran announced a blacklist of 45 ships for breaking its maritime rules. These actions escalate threats over the vital waterway for global energy supplies. The…

The Economic Times · Aug 26

Six months into Iran war, almost half of global oil flows from war zones

As of 2026, nearly half the world's oil originates from conflict-affected nations. Current oil disruptions have surpassed previous energy crises significantly. Attacks on Iran and the Russia-Ukraine war have severely impacted production.

The Economic Times · Aug 26

Iran faces strait of Hormuz paradox as strategic value of chokehold erodes

Internal calls to end war get louder as Gulf neighbours plan alternative pipelines to cut reliance on waterway

The Guardian - UK · Aug 26

Asian shares mostly rise as oil prices fall and hope grows for AI

Asian shares are mostly higher as investors keep an eye on the ongoing talks over reopening the Strait of Hormuz, which remains largely shut down because of the war in Iran

The Independent UK · Aug 26

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Sensex rises over 300 points; Nifty above 24,350 as oil prices slide. What lies ahead?

On Wednesday, Indian stock markets rallied, buoyed by a decrease in oil prices and renewed optimism surrounding the reopening of the Strait of Hormuz, following a resumption of talks with Iran. Both the Sensex and Nifty indices showed positive momentum, with broader market metrics also trending upward, reflecting a hopeful…

The Economic Times · Aug 26

Indian economic growth likely slowed to 7.1% in April-June quarter: Reuters poll

Indian economic growth slowed to 7.1 percent in the April-June quarter. Consumer spending and government expenditure supported this growth while private investment remained subdued. Rising crude oil prices pose risks to the economy and could strain household budgets. Economists forecast growth to lose momentum in coming quarters. The Reserve Bank…

The Economic Times · Aug 26

Trump's new economic squeeze on Iran has a big challenge: China

The United States is imposing economic sanctions on Iran's financial networks globally. China, Iran's largest trading partner, presents a significant challenge to this strategy. President Trump plans to host Chinese leader Xi Jinping soon, impacting policy decisions. Beijing states its cooperation with Iran adheres to international law and will be…

The Economic Times · Aug 26

Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?

Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42. Both benchmarks had declined more than 3% on Tuesday.

The Economic Times · Aug 26

US shifts Iran war strategy from fresh strikes to sanctions as Trump seeks to squeeze Tehran: Report

The United States is implementing economic sanctions alongside a naval blockade aimed at Iran. These new measures specifically target cooperatives interacting with Tehran, striving to disrupt its funding sources. Recent military operations have dispelled maritime threats, reducing Iran's influence over global oil supplies, while oil ships are now navigating the…

The Economic Times · Aug 26

Oil prices slide 2% on Iran-Oman talks to reopen Strait of Hormuz

Oil prices have dropped following the revival of discussions between Iran and Oman regarding the management of the Strait of Hormuz. The losses across both benchmarks highlight the market's reaction to navigation issues. Despite uncertainty gripping the market, some bargain buying has emerged, preventing further price decreases, while the U.S.…

The Economic Times · Aug 26

Iran and Oman discuss temporary Hormuz corridor as impasse with US drags on

Iran and Oman are discussing managing the Strait of Hormuz traffic. The United States is sending personnel back to Middle East diplomatic missions. U.S. sanctions threaten countries doing business with Iran. Oil prices fell as traders brushed off sanctions impact. Thousands have died in the conflict, with Iran's military capacity…

The Economic Times · Aug 26

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The Economic Times · Aug 26

Iraq may show how U.S. can squeeze Iran's trade partners

The United States is pressuring Iraq to curb its financial dealings with Iran. Washington has sanctioned Iraqi banks involved in trade with Tehran. Iraq relies heavily on US goodwill for its oil revenues and finances. Trade between Iraq and Iran exceeds ten billion dollars annually. New US measures could jeopardize…

The Economic Times · Aug 26

Global Market Today: Asian stocks mixed ahead of Nvidia results, oil prices slide

Contracts for the Nasdaq 100 Index dropped 0.3%, and those for the S&P 500 Index edged 0.1% down. MSCI’s Asia Pacific equities gauge was little changed with benchmarks in Japan and South Korea fluctuating between gains and losses.

The Economic Times · Aug 26

D-Street set for a positive start as GIFT Nifty trades firmly higher

The Nifty index recovered 0.5 percent, closing at 24,334 after touching a low. Positive global cues and FII buying supported this recovery ahead of expiry. Brent crude oil prices fell 3.2 percent, easing concerns about oil markets. The Indian rupee also strengthened by 24 paise against the US dollar. India…

International Business Times UK · Aug 25

Oil Tanker Crippled by Mystery Projectile off Oman in Strait of Hormuz Amid Iran Sanctions War

An oil tanker was disabled in the Strait of Hormuz after being hit by an unknown projectile, escalating tensions between the US and Iran and raising concerns over global energy supply routes.

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Barchart · Aug 25

Soybeans Extend Gains to Tuesday’s Close

Soybeans posted gains of 11 ½ to 14 cents across the board on Tuesday. The cmdtyView national average Cash Bean price was up 13 1/4 cents at $12.01. Soymeal futures were steady to $1.10 higher on the day, with Soy Oil back up 39 to 101 points. USDA reported a...

Barchart · Aug 25

Cotton Faces Tuesday Weakness

Cotton futures saw lower trade on Tuesday with contracts pulling off the lows into the close, still down 27 to 46 points in most contracts. Crude oil was down $3.90, with the US dollar index $0.089 lower. Weekly Crop Progress data showed 81% of the US cotton setting bolls as...

France 24 · Aug 25

Oil prices fall for second day as US shifts from Iran strikes to sanctions

Oil prices fell for a second straight day on Tuesday as traders saw a reduced risk of renewed US military strikes on Iran after Washington instead threatened broader economic sanctions. Treasury Secretary Scott Bessent declared an “economic D-Day” against Tehran but gave no timeline or details on countries that could…

Barchart · Aug 25

Stocks Settle Higher as Lower Crude Prices Ease Inflation Risks

The S&P 500 Index ($SPX ) (SPY ) closed up by +0.32% on Tuesday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up by +0.30%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.64%. E-mini S&P futures (ESU26 ) rose +0.30%, and September E-mini...

The Economic Times · Aug 25

US stocks today: US stocks close higher on tech rebound as Nvidia earnings gain focus

US stocks closed higher as technology and semiconductor shares recovered ahead of Nvidia's earnings. Lower oil prices and Treasury yields offered relief, while investors assessed AI spending and stretched valuations. Weak consumer confidence added to economic concerns, with upcoming PCE inflation data and Fed commentary keeping rate expectations in focus.

Barchart · Aug 25

Dollar Slightly Lower on Strong Stocks and Weak Crude

The dollar index (DXY00 ) fell by -0.06% on Tuesday. The dollar gave up an early advance on Tuesday and posted modest losses on weaker-than-expected US economic news, including July new home sales and Aug consumer confidence. Also, Tuesday’s -3% plunge in WTI crude oil to a 1-week low lowered...

International Business Times UK · Aug 25

China Warns It Will Take 'All Necessary Measures' Against US Over Fresh Iran Sanctions

China has vowed to take necessary measures to protect its interests following the US's new sanctions on Iran, warning that such actions could escalate global tensions and disrupt economic order.

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