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The Latest Breaking News from Oil

Gas prices spiral over $4 as U.S.-Iran war heats up again, amid warning that 'economic gravity' will soon catch up to American families

"In the Wile E. Coyote scenario, economic gravity eventually exerts itself," wrote UBS's Paul Donovan this morning.

Fortune

Why oil prices haven't gone crazy despite 5 months of US-Iran war

Oil prices stayed below predictions despite the US and Iran conflict. China's reduced oil imports significantly impacted global demand for crude. The United States increased its own oil production and released reserves. President Trump's statements influenced market sentiment and trader behavior. Saudi Arabia rerouted shipments, and ample physical oil supply…

The Economic Times

US strikes Iran for ninth consecutive day as more ships targeted in Strait of Hormuz

The United States carried out a new wave of strikes in Iran on Monday as US deaths in the renewed fighting climbed to three and more ships came under attack in the strategic Strait of Hormuz. Iran responded by targeting US military assets in Bahrain, the home of the US…

France 24

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Aluminum foil in air fryer: Before your next meal, experts say these 7 cooking tips can make your food crispier, cleanup easier, and your appliance safer

Air fryers can safely use aluminum foil for easier cleanup and food preparation. Proper use ensures hot air circulates freely, preventing soggy food results. Always secure foil with food and keep it away from the heating element. Avoid acidic foods as they react with aluminum foil during cooking. Consult your…

The Economic Times

Volatility rocks energy markets after Brent crude oil hits 90 dollars a barrel

The price of Brent crude oil rose by about 1.5% to surpass 90 US dollars a barrel at one point on Monday morning for the first time since early June.

Evening Standard

Current price of oil as of July 20, 2026

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

Fortune

Bonds unsettled as oil and gas climb, earnings loom for AI

Escalating Gulf conflict pushed oil prices above ninety dollars a barrel on Monday. Higher energy costs revived inflation worries and impacted bond yields significantly. Futures markets now price in a Federal Reserve rate hike by year-end. Equity markets remained subdued as investors assessed these economic pressures. This comes as major…

The Economic Times

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Oil prices reach one-month high as Iran war escalates again

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The Independent UK

Oil prices rise as fighting between US and Iran intensifies

Oil prices rose on Monday morning as fighting between the US and Iran intensified, fuelling concerns over disruptions to energy shipments through the Strait of Hormuz.

Euronews

Ukraine drone attack on Moscow region wounds 10 people

A fresh Ukrainian drone attack on the Moscow region Monday night wounded at least 10 people, including a child, Russian authorities said, with Ukrainian President Volodymyr Zelensky saying the strikes had targeted an oil depot and "logistics facilities".

France 24

Oil prices surpass 90 dollars a barrel after fresh attacks in US-Iran war

The US carrying out a new round of airstrikes targeting Iran early on Monday helped spark fresh volatility in the world’s energy markets.

Evening Standard

Oil price soars above $90 as US and Iran escalate war

Analysts warn oil market may be underestimating risk to supply from latest escalation

The Independent UK

Global Market: German bond yields hit two-year high as oil surge fuels ECB rate hike bets

German bond yields rose as oil prices increased amid U.S.-Iran tensions. This surge strengthened expectations for the European Central Bank to tighten monetary policy. Money markets now anticipate higher deposit rates by early 2027. Traders have fully priced in a rate hike at the ECB's upcoming September meeting. Italy's 10-year…

The Economic Times

Global Market: European shares dip as oil surge fuels inflation fears ahead of ECB meeting

European shares dipped slightly as oil prices climbed due to escalating US-Iran tensions. This surge revived inflation concerns and impacted investor sentiment ahead of key economic events. Energy stocks performed well, while travel and leisure shares faced pressure from higher fuel costs. Technology stocks saw gains as investors anticipated major…

The Economic Times

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The Economic Times

Why the Red Sea remains one of the world's most dangerous shipping routes

Red Sea Shipping Route Explained: In a concerning development, Iran has alerted the world to possible disruptions in the Red Sea that threaten vital energy markets. The Bab el-Mandeb Strait, an essential trade artery, is now under scrutiny as Houthi rebels have stationed missiles and drones nearby. This precarious situation…

The Economic Times

India 10-year bond slumps to lowest in nearly a month as Middle East oil risks heat up

Indian government bonds experienced a significant decline early Monday. Escalating U.S.-Iran tensions pushed oil prices higher, impacting the rupee. This situation prompted traders to reduce their positions in government bonds. Higher crude prices strain India's import bill and government finances. Foreign investor demand for Indian debt is expected to moderate…

The Guardian - UK

Gilt yields edge higher as Andy Burnham promises to ‘meet fiscal rules’ as prime minister - as it happened

Rolling coverage of the latest economic and financial news

Barchart

Here's What to Expect From Occidental Petroleum’s Next Earnings Report

Occidental Petroleum approaches Q2 earnings with high expectations, leaving investors eager to see what unfolds next.

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The Independent UK

Andy Burnham latest: New PM tells first cabinet meeting ‘we need to be a cost-of-living government’

Newly appointed ministers have been told to give Britons the sense that ‘help is coming’

The Economic Times

Rupee weakens to two-month low as oil climbs; state-run banks cushion

The Indian rupee reached its weakest point in two months on Monday. Rising oil prices and Middle East hostilities pressured the currency's value. State-run banks sold dollars, which helped to moderate the rupee's decline. Higher crude prices can create macroeconomic turbulence for India's economy. This situation impacts India's current account…

Benzinga

Stock Market: Will S&P 500 Open Up or Down Today?

U.S. stock futures were higher heading into Monday morning as investors weighed an escalating military campaign against Iran, rising American casualties, and renewed concerns over global oil supplies.

The Economic Times

South Korea's share market losses deepen as leveraged AI bets take a heavy toll

South Korean shares experienced a significant decline, triggering market-wide trading curbs. Investors are unwinding AI-linked trades, extending a sharp correction in the KOSPI index. This selloff highlights growing investor anxiety over leveraged bets on AI chipmakers. Markets also reacted to escalating Gulf conflict and rising oil prices. Major tech earnings…

The Independent UK

Iran-US war latest: Trump says Tehran will pay ‘many times over’ for US soldier deaths as Iran targets Kuwait

Oil prices climb above $90 a barrel after Iranian military targets two tankers in Strait of Hormuz

The Independent UK

How to celebrate Ferragosto with four Italian recipes from Bocca di Lupo

From Roman courgette flowers to Sicilian cannoli, Bocca di Lupo’s Ferragosto menu is a tour of Italy at its most summery – and Hannah Twiggs has four recipes to recreate the feast at home

The Independent UK

South Korea's Kospi drops nearly 5% as some AI stocks swoon, while oil keeps climbing

Asian shares are mostly higher but South Korea's Kospi has fallen nearly 5% as investors unload more stocks linked to artificial intelligence

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