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The Latest Breaking News from Oil

OPINION - The Strait we ignore may be the one that hurts Britain most

Yet again the Strait of Hormuz dominates headlines as the on-off peace talks grind on with no clear end in sight. President Trump still shouts about it in full caps on Truth Social. Television producers still show on repeat the same map: Iran on one side, Oman on the other.…

Evening Standard

Trump calls off latest threats to strike Iran, cites breakthrough in talks to end the war

U.S. President Donald Trump has called off new military strikes on Iran, hours after threatening to escalate the war

AAP

Stocks Settle Sharply Higher on Middle East Peace Hopes

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +1.75%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.86%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +3.29%. June E-mini S&P futures (ESM26 ) rose +1.73%, and June E-mini Nasdaq futures...

Barchart

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How major US stock indexes fared Thursday 6/11/2026

U.S. stocks rallied to their best day in two months, and oil prices fell after President Donald Trump called off his threat to bomb Iran in the evening

AAP

US stocks jump to their best day in 2 months on hopes for a deal to get crude flowing globally again

U.S. stocks rallied to their best day in two months, and oil prices fell after President Donald Trump called off his threat to bomb Iran in the evening

AAP

US imposes sanctions on Cuba’s state oil company in latest pressure campaign

The announcement comes almost a week after the U.S. government sanctioned Cuban President Miguel Díaz-Canel

The Independent UK

US stocks jump, and oil prices ease on hopes for a deal to get crude flowing globally again

U.S. stocks rallied to their best day in two months, and oil prices fell after President Donald Trump called off his threat to bomb Iran in the evening

AAP

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US stocks: Dow soars 900 pts, Nasdaq over 2% as Trump says Iran deal likely soon

Wall Street surged Thursday as President Trump called off Iran strikes, easing oil prices and boosting stocks. Investors anticipate SpaceX's record-breaking IPO today, with shares set to debut Friday. Despite inflation concerns from producer price data, the market showed resilience, with major indexes posting significant gains. The Fed is expected…

The Economic Times

In new crude world order, US is largest exporter of crude

America's ascendancy to the top spot marks a stunning reversal for a country that was dependent on West Asian oil for decades and suffered from an oil embargo imposed by some OPEC members in 1973 to retaliate against US support for Israel. US fortunes began to change after 2010, when…

The Economic Times

Years after oil pipeline protests, North Dakota and the federal government settle policing lawsuit

The state of North Dakota and the federal government have settled a lawsuit the state brought to recoup the costs of policing protests of the Dakota Access Pipeline nearly a decade ago

The Independent UK

US slaps sanctions on Cuba's oil and gas company, accusing it of weaponising energy

Cuba is already struggling under a decades-old embargo and a lack of petroleum as the US keeps pushing for a change in its economic and political model.

Euronews

Dollar Falls as President Trump Cancels Attacks on Iran

The dollar index (DXY00 ) fell from a 2-month high on Thursday, finishing down by -0.17%. The dollar gave up an early advance on Thursday and moved lower after stocks rallied sharply and crude oil prices sank when President Trump said he called off planned strikes against Iran and that...

Barchart

Crude Oil Prices Whipsaw Sharply Lower on Iran Peace Hopes

July WTI crude oil (CLN26 ) on Thursday closed down -2.32 (-2.58%), and July RBOB gasoline (RBN26 ) closed down -0.0085 (-0.27%). Crude oil and gasoline prices gave up an early advance and settled sharply lower on Thursday after President Trump said he canceled planned military strikes on Iran, signaling...

Barchart

BC-OILS

NEW YORK (AP) — Futures trading on the New York Mercantile Exchange Thursday:

AAP

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The Economic Times

Why crude oil markets suddenly reversed course today: US oil prices collapse below $87 after Trump cancels Iran strike plans, WTI crude drops 3%

US oil prices collapsed below $87 as WTI crude dropped nearly 3% after President Trump canceled planned Iran strikes. The move reversed a war-driven rally as diplomatic back-channel talks between Washington and Tehran signalled possible de-escalation. Iran's Strait of Hormuz closure and record-low OPEC output kept supply fears alive. But…

AAP

US stocks jump, and oil prices fall after Trump calls off his threat to attack Iran

U.S. stocks are climbing, and oil prices are falling after President Donald Trump said he called off bombings of Iran planned for the evening, raising hopes for a deal that could get the global flow of crude going again

The Times of India

'No bombing tonight': Trump calls off strikes against Iran, cites progress in talks

Trump stated that “discussions and final points have been, in both concept and great detail,” approved by the United States, Israel and other regional partners. He did not provide any further details about the reported progress. Over recent weeks, Trump has repeatedly suggested that a breakthrough agreement between the parties…

Evening Standard

Trump calls off fresh strikes hours after threatening to hit Iran ‘very hard’

The US president claims he is close to reaching a deal with the country after warning he would seize control of its oil industry.

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The Guardian - UK

Delhi issues ‘strong protest’ after US strikes kill three Indian seafarers in Gulf

Washington claims vessel was violating its blockade of Iranian ports and failed to comply with instructions

AAP

Trump calls off latest threats to strike Iran, citing progress in negotiations

U.S. President Donald Trump said Thursday he has called off new military strikes on Iran, hours after threatening to escalate the war

Euronews

Iran says no decision made on peace deal with US after Trump touts 'great settlement'

Trump said on Thursday that the two sides had reached a "great settlement" over the war and that it could be finalised over the next few days.

AAP

US stocks jump, and oil prices fall after Trump calls off threat to attack Iran

U.S. stocks are rallying, and oil prices are falling after President Donald Trump said he called off bombings of Iran planned for the evening, raising hopes for a deal that could get the global flow of crude going again

AAP

Trump says he has called off latest threats to strike Iran

U.S. President Donald Trump said Thursday he has called off new military strikes on Iran, hours after threatening to escalate the war

Euronews

Russia 'lost standing’ despite ‘a breather’ from higher oil prices, IMF chief says

While Russia has emerged as one of the very few winners from the recent disruptions to the global oil market amid the Iran war, this is not enough to offset the hit of sanctions and isolation, the managing director of the International Monetary Fund (IMF) told Euronews.

International Business Times

Trump Says He 'Loves the Inflation' After Consumer Prices Climb To Three-Year High

President Donald Trump drew swift political backlash after declaring that he "loves the inflation" following the release of new government data showing consumer prices rose at their fastest annual pace in more than three years.

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