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The Latest Breaking News from Oil

Ukraine-Russia war latest: Three Chinese nationals among 10 injured in Ukrainian drone swarm attack on Moscow

Russian capital has been hit by a major drone attack as fighting intensifies

The Independent UK

Electric vehicles are built different. Australia needs better data to get the most out of the shift

In 2019, China was a minor player in Australia’s car market. Seven years later, it’s now the biggest supplier of new vehicles overall – including about 80% of Australia’s electric vehicles (EVs). The shift to EVs has accelerated markedly this year amid oil price spikes.

The Conversation

Why did market fall today? Sensex slumps 440 points, Nifty closes below 24,250. 6 factors behind the selloff

Indian stock markets tumbled on Monday as rising oil prices and escalating tensions between Iran and the US rattled investors. Heavyweight bank stocks took a hit due to unremarkable quarterly results. Despite this, broader market indices managed to maintain relatively better performance than the benchmarks. Market players now look forward…

The Economic Times

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Andy Burnham told voters ‘heard it all before’ on latest promises to Scotland

SCOTTISH voters have “heard it all before”, the SNP have said, as Andy Burnham promises to put Scotland at the heart of his plans for government.

The National (Scotland)

Jim Bain: How a Career Built on Integrity Became a Blueprint for Ethical Leadership

A client's financial survival is on the line, the opposing party is one of the largest oil companies in the world, and the attorney leading the damage analysis team knows that every number, every argument, every decision will be scrutinized by people far more powerful than he is.

inkl

US issues ‘worldwide caution’ for American citizens – as it happened

This blog is now closed

The Guardian - AU

Australian shares waver as oil surges on Iran conflict

A rally in energy stocks has helped counter a weak day for Australia's stock exchange, as conflict in the Persian Gulf weighs on investor confidence.

AAP

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US strikes Iran for ninth day; Iran says two oil tankers in Strait of Hormuz exploded and immobilised

United States forces conducted strikes against Iran for a ninth consecutive day. Iran reported explosions on two oil tankers in the Strait of Hormuz. US Secretary of State Marco Rubio stated continued targeting of Iran for attacking commercial shipping. Iran announced strikes against US bases in Syria and aircraft in…

The Economic Times

Oil Price Today (July 20): Crude oil jumps 3%, crosses $90 as US and Iran exchange attacks. $100 in sight?

Brent crude futures rose $2.69, or 3.05%, to $90.79 a barrel, their highest level since June 11. The benchmark extended last week's rally, when it gained 15.9%, marking its biggest weekly advance since April.

The Economic Times

Trump Says US 'Hit Them Very Hard Again Tonight' as Troop Death Toll Climbs—Brent Oil Tops $90, Dow Futures Slip

On Sunday evening, U.S. stock futures traded mixed as investors weighed an escalating military campaign against Iran, rising American casualties and renewed concerns over oil supplies through the Strait of Hormuz.

Benzinga

US launches 10th round of strikes as Iran says it is in ‘full-scale war’

Diplomats say de-escalation talks continue as Trump vows retaliation over US soldier deaths

The Guardian - UK

Gold slips as oil prices advance, Fed rate-hike voices grow

Gold prices dropped on Monday as Middle East tensions escalated significantly. Brent crude oil surpassed ninety dollars a barrel, increasing inflation worries. Several U.S. Federal Reserve officials indicated potential interest rate hikes are necessary. Asian share markets showed hesitation ahead of major technology company earnings reports. Consumer sentiment saw a…

The Economic Times

Dollar firmer as US-Iran conflict intensifies, Brent hits $90

The dollar strengthened against global peers as Middle East tensions escalated. Oil prices surged and investor confidence remained fragile after last week's market turbulence. Geopolitical concerns and semiconductor valuation worries weighed on market sentiment. Federal Reserve officials are debating potential interest rate increases to combat inflation. Cryptocurrencies like bitcoin and…

The Economic Times

Brent oil tops $90 as US, Iran intensify attacks in Middle East

Oil prices climbed significantly on Monday as tensions rose. Brent crude futures surpassed ninety dollars a barrel, reaching recent highs. Attacks in the Middle East have disrupted energy shipments through the Strait of Hormuz. This escalation follows a substantial weekly gain for oil prices. Analysts suggest markets are underestimating potential…

The Economic Times

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The Economic Times

RBI Governor flags Iran war, weak monsoon as the biggest risks to India’s inflation and economic growth

Elevated inflation persists due to West Asian tensions and a weak monsoon outlook. The Reserve Bank of India maintains its policy rate, diverging from global peers. Governor Malhotra stated that domestic inflation pass-through has remained limited so far. India's economic fundamentals remain strong despite geopolitical uncertainties and growth forecasts. Policymakers…

The Economic Times

Global Market Today: Asian shares hesitant as oil climbs, earnings loom

Asian markets showed hesitation as oil prices climbed due to escalating Gulf conflict. This surge revived inflation worries, influencing Federal Reserve rate hike expectations. Major tech earnings this week will test investor confidence in artificial intelligence stocks. South Korea's market experienced significant losses after retail investors were squeezed out. The…

The Independent UK

Trump wades into North Sea drilling debate hours before Andy Burnham takes over as PM

IN FULL

The Guardian - US

Mission in Iran war has pivoted toward ensuring oil flow, Trump official says

Energy secretary grapples with mounting criticism over length of US war as Democrat calls conflict ‘war of choice’

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Fortune

The world is looking ahead toward a post-Iran oil market that offsets most Hormuz volumes in a few years as ships reject a U.S.-backed alternate route

Goldman Sachs estimated that enough Mideast pipeline capacity could be added to insulate 75% of the pre-war Gulf exports by the end of 2028.

The Independent UK

Russia launches major missile attack on Ukraine, exposing gaps in air defences

Explosions echo across Kyiv as more than 40 missiles rain down on Ukrainian capital

The National (Scotland)

Trump says Scots 'dancing in streets' over claims Burnham backs North Sea drilling

DONALD Trump has been panned for claiming people in Aberdeen will be “dancing in the streets” following reports Andy Burnham could back new oil…

The Independent UK

Trump weighs in on North Sea oil and gas row hours before Burnham becomes PM

President says expected announcement on new drilling will stop Britain becoming ‘poverty stricken disaster’

Benzinga

Jordan Intercepts Iranian Missiles As Analysts Warn Escalation Risk Is Rising

Jordanian air‑defense systems intercepted and downed three Iranian missiles on Sunday, a development that came amid ongoing Iranian strikes in the country, including an attack on Friday that killed two American service members.

The Economic Times

Russian attacks kill 6 in Kyiv, other cities; expose gaps in Ukraine's air defences

Moscow has in recent weeks stepped up its use of ballistic missiles as it seeks to choke off Ukrainian strikes on oil facilities deep inside Russia that have caused critical fuel shortages affecting both the military and the civilian population.

The Times of India

'That's what Lindsey wanted': Trump seeks Iran's inclusion in Russia sanctions bill

President Trump wants Republican lawmakers to add Iran to the Russia sanctions bill. This legislation targets major buyers of Russian energy and aims to hold them accountable. The revised bill refines tariff authority and adds new measures for sanctions evasion. It also incorporates acts targeting Chinese support for Russia's defense…

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