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The Latest Breaking News from Oil

Breaking 7 publishers covering this story in the last 6 hours

1h ago Scottish Greens urge John Swinney to say where he stands on energy policy
1h ago UAE oil spill beach closures: Authorities shut Ras Al Khaimah beaches; cleanup continues
1h ago Woman Takes Her Car For An Oil Change At Meineke. Then She’s Told It'll Be $800: ‘How Much?!’
2h ago John Swinney challenged to stop 'hiding behind Westminster' and oppose Rosebank
2h ago MarketBeat Week in Review – 10/19 - 10/23

U.S.-Iran Tensions Remain High As Washington Begins 'Economic D-Day.' Oil Is Dropping Anyway.

Iran's state-controlled Persian Gulf Strait Authority said vessels warning its transit rules through the Strait of Hormuz could face "fines, seizure, or confiscation" in the future.

International Business Times · Aug 24

The next ‘Big One’: The world is inching towards more catastrophic climate events

Science tells us catastrophe is not a question of if, but when

The Independent UK · Aug 24

Current price of oil as of Aug. 24, 2026

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

Fortune · Aug 24

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Cotton Starting Monday on the Lower Side

Cotton price action is down 4 to 42 points so far on Monday morning. Futures were up 1 to 7 points in the front months on Friday, with contracts down 8 points to 20 points higher. December was up 355 points on the week. Crude oil was down 19 cents...

Barchart · Aug 24

A 75-Day Seasonal Sell Window Is Opening in the Euro—Are You Prepared?

What happens when seasonality, inflation, crude oil, and interest rates all begin pointing toward the same trade? The euro is approaching a 75-day seasonal sell window—and the fundamental backdrop may be lining up with it. Is the next bearish opportunity taking shape?

Barchart · Aug 24

Iran vows to retaliate against countries that cooperate with fresh US sanctions

Test of US rhetoric will rest on whether nations such as India, China and Russia view economic threats as credible

The Guardian - UK · Aug 24

Iran threatens 45 tankers with fines, confiscation in Hormuz escalation

Iran has blacklisted forty-five tankers for violating its Strait of Hormuz transit rules. The Persian Gulf Strait Authority announced these vessels face fines and confiscation. This action escalates threats over the key waterway six months into the ongoing conflict. Any ships transferring cargo with these blacklisted vessels will also face…

The Economic Times · Aug 24

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10 best cleansing balms for melting away makeup and dirt, reviewed by a beauty expert

Beauty journalist Caroline Brien is scrupulous about evening cleansing – these are her best balms to wash the day off

Evening Standard · Aug 24

Interventions hold rupee on narrow leash, traders await US sanctions on Iran

The Indian rupee showed little movement on Monday, remaining steady in a limited range due to ongoing central bank actions. Market participants are keenly observing potential U.S. sanctions on Iran, while the continuing conflict in the Middle East poses risks to oil prices and India's import reliance. Meanwhile, the dollar…

The Economic Times · Aug 24

Industry warns of blackouts, economic woes if Texas overreacts to data center, transmission line anger

Energy regulators and industry experts warn that the state’s delays to major projects amid backlash from residents could create rolling blackouts and strangle growth of other industries that need power.

The Texas Tribune · Aug 24

India 10-year bond yield clings to 6.85%; traders eye oil moves amid sanctions threat

Indian government bonds remained steady as traders awaited oil price movements. US sanctions on Iran could impact global crude prices significantly. Higher oil prices may fuel inflation and widen India's current account deficit. Reserve Bank of India policymakers are open to raising interest rates. Swap rates saw little activity after…

The Economic Times · Aug 24

Can Burnham justify giving the go ahead to oil drilling? Yes, but these must be the conditions

Carbon capture and storage could make the Rosebank site compatible with UK net zero commitments – if its owners are willing to pay the price, says economist Michael Jacobs

The Guardian - UK · Aug 24

Iran’s rial plunges past 2 million per dollar as Trump unleashes ‘crushing economic operation’

Iran’s rial has fallen to a record low, crossing 2 million per dollar on the unofficial market as US President Donald Trump escalates pressure on Tehran. The currency’s slide comes amid disruption to foreign-exchange transfers, falling exports and tighter financial restrictions, while Iran looks to China-aligned partners to withstand Washington’s…

The Economic Times · Aug 24

Global Market: European shares edge lower as investors await Iran sanctions details

European shares edged lower on Monday as technology stocks came under pressure, while investors awaited US sanctions on Iran, Nvidia’s results and fresh clues on the Federal Reserve’s rate outlook.

The Economic Times · Aug 24

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The Economic Times · Aug 24

Iran digs up ‘tens of billions’ in gas wealth as US energy showdown heats up

Iran has discovered a major gas field in southern Fars province containing 7.5 trillion cubic feet of gas, with 5.7 trillion cubic feet recoverable. The find includes gas condensate that Oil Minister Mohsen Paknejad said could create tens of billions of dollars in new wealth, as US pressure on Iran’s…

The Guardian - UK · Aug 24

Iran’s rial falls to record low as Scott Bessent warns of ‘economic D-day’ – as it happened

US Treasury secretary to announce sanctions against Tehran at a press conference at 1pm EDT (6pm London time)

The Economic Times · Aug 24

US billionaires are piling millions into Argentina's Shale boom, here’s what is driving it

American billionaires are increasing investments in Argentina's Vaca Muerta shale basin. Harold Hamm's Continental Resources plans a $4 billion joint venture with Mercuria Energy Group. Peter Thiel's hedge fund acquired a significant stake in Vista Energy, a leading producer. These investments follow President Javier Milei's economic reforms and deregulation. Vaca…

The Independent UK · Aug 24

Asian shares mostly decline as bond market pressure mounts

Asian shares are mostly lower and oil prices have declined at the start of a week capped by a meeting of top U.S. economic officials at Jackson Hole

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The Economic Times · Aug 24

ETMarkets Smart Talk | Have money in FDs? Why retail investors should consider 7-7.25% bond yields: Amit Somani

He believes the current environment offers an opportunity to lock in yields rather than wait for a marginal rise in rates, while investors with a three-year horizon could consider longer-duration bond funds such as corporate bond and G-sec funds.

The Economic Times · Aug 24

Sensex rises 200 points, Nifty above 24,300 as oil prices slip ahead of US sanctions on Iran. What to expect?

Indian equities opened higher on Monday, with Sensex and Nifty extending gains as oil prices eased ahead of fresh US sanctions on Iran. IT and metal stocks led sectoral gains, while pharma declined. Broader markets also advanced, market breadth remained positive, and India VIX fell over 3%, signalling reduced volatility.

The Economic Times · Aug 24

Fewer than 20 ships cross Strait of Hormuz over weekend as US-Iran blockades choke key oil route

Fewer than twenty commodity vessels transited the Strait of Hormuz over the weekend. Initial data showed four vessels crossed on Sunday and thirteen on Saturday. Overall traffic volumes remained suppressed in the week to August 21. Vessels aborted transit plans or switched routes after attacks occurred. Traffic remains well below…

The Economic Times · Aug 24

Oil Price Today (August 24): Crude oil slips below $93 ahead of US sanctions announcement on Iran. What are experts saying?

US Treasury Secretary Scott Bessent, who is scheduled to hold a press conference at 2 p.m. EDT (1800 GMT) on Monday, has threatened to impose "the toughest sanctions in history" on Iran. US President Donald Trump has also threatened sanctions against countries trading with Iran.

The Times of India · Aug 24

‘Entering endgame’: US turns to ‘economic D-Day’ against Iran; Tehran raises Gulf oil blockade threat

The United States is gearing up for an extensive financial campaign aimed at Iran, introducing new sanctions against nations and companies engaging in trade with Tehran. In response, Iran has signaled a potential halt to oil exports from the Persian Gulf. Meanwhile, China has resisted US influence and advocates for…

The Economic Times · Aug 24

The Hormuz crude volume debate masks the real shortage of refined fuels

The oil market is focused on disputed estimates of crude flows through the Strait of Hormuz, but Asia’s refined fuel markets show clearer signs of disruption. Imports of diesel, jet fuel and gasoline are down 21% from pre-conflict levels, while refining margins remain elevated, putting greater pressure on less wealthy…

The Economic Times · Aug 24

Oil falls ahead of US announcement on new Iran sanctions

Oil prices experienced a decline as investors braced for impending U.S. sanctions aimed at Iran. With these sanctions likely to create further disruptions in oil supply routes across the Middle East, anticipation builds. U.S. Treasury Secretary Scott Bessent is poised to unveil the most stringent sanctions to date. Meanwhile, Iran's…

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