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The Latest Breaking News from Oil

Ukraine-Russia war latest: Kyiv warns ceasefire offer may expire as ‘our patience is not endless’

Ukrainian strikes on Russian infrastructure disrupt fuel supplies

The Independent UK

High oil prices drive a surge in Chinese electric vehicle sales, but charging networks lag behind

The war in Iran has helped reshape the global electric vehicle market, giving Chinese automakers an opening across the developing world as fuel prices surge

The Independent UK

Kirloskar Oil Engines shares surge 18% to record high after cracking Cummins-dominated data centre market

Kirloskar Oil Engines shares rallied to 52-week high after the Indian generator maker secured a 192-megawatt order from HyperNext, a deal that analysts view as a major breakthrough for KOEL in the rapidly expanding data-centre power market, where Cummins has traditionally dominated with over 80% market share.

The Economic Times

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Gold rebounds after two-day fall; silver jumps Rs 4,000/kg on progress in US-Iran peace talks. Should you buy?

Gold prices rose on MCX on Monday, snapping a two-day decline after oil prices softened amid signs of progress in U.S.-Iran peace talks. The recovery comes after a sharp selloff in the previous session, though hawkish Federal Reserve signals and expectations of higher U.S. interest rates continue to weigh on…

The Economic Times

Ukraine war briefing: Dispute over second world war army unit threatens to divide Poland and Ukraine

Poland prime minister Donald Tusk ⁠hopes to defuse a ‘mistake’ from spiralling further; gasoline sales suspended in Crimea. What we know on day 1,580

The Guardian - AU

Shipping data reveals see-saw situation in Strait of Hormuz

Shipping traffic through the Strait of Hormuz plummeted on Sunday after Iran declared it closed again, citing alleged violations of a peace deal. Data revealed only five vessels passed, a stark drop from the previous day. This comes after Iran had previously lifted a blockade following a ceasefire agreement.

The Economic Times

Newsmaker | Who is Abelardo De La Espriella, Colombia's new right-wing president?

Colombia has elected nationalist lawyer Abelardo De La Espriella as its new president, signaling a significant political shift. Known as "The Tiger," he campaigned on a platform of restoring order, reviving the economy with market-friendly policies, and adopting a hardline security approach. De La Espriella, who plans to reduce state…

The Economic Times

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Oil Price Today (June 22): Crude oil rises above $80 as Iran shuts Strait of Hormuz again. What are experts saying?

Brent crude futures rose 54 cents, or 0.67%, to $81.11 a barrel, after briefly touching $82.30 at the start of trading. U.S. West Texas Intermediate (WTI) crude futures gained $2.02, or 2.64%, to $78.62 a barrel ahead of the contract's expiry later on Monday.

The Economic Times

Oil export curbs waived, blockade lifted: Iran says 'major progress' in US talks

Iran and the US have made significant strides in peace talks, with mediators Qatar and Pakistan announcing major progress. Discussions in Switzerland have led to agreements on oil exports, asset releases, and a development plan for Tehran. A roadmap for a final deal within 60 days has been established, alongside…

The Economic Times

Dollar firms as cracks emerge in peace deal, pound dips on Starmer uncertainty

Global markets faced jitters as U.S.-Iran tensions escalated, impacting oil prices and the Strait of Hormuz. Despite peace talks, threats from President Trump and Tehran's actions cast a shadow. Meanwhile, the British pound weakened amid political uncertainty, and the Japanese yen neared a two-year low, with authorities watching currency movements…

The Economic Times

Gold rebounds from one-week low as Iran cites progress in peace talks

Gold prices surged over 1% as easing U.S.-Iran tensions and falling crude oil prices reduced inflation and interest rate hike fears. While investors anticipate the Fed holding rates steady, Indian gold demand saw a dip amid volatility. Swiss gold exports also experienced a decline. Other precious metals like silver, platinum,…

The Economic Times

Oil rises after Iran shuts Hormuz again, Trump threatens new attacks

Oil prices surged Monday as shipping through the Strait of Hormuz slowed amid escalating tensions. Talks between U.S. and Iranian officials began on a rocky note, with Iran citing violations of a peace deal. Despite expectations of increased supply and potential sanctions relief, the market reacted to disruptions in a…

The Economic Times

Global Market Today: Asian stocks slip, oil up on peace doubts

Global markets saw a dip as Middle East tensions escalated, pushing oil prices and bond yields higher, signaling increased U.S. interest rate risk. Political uncertainty in the UK also weighed on sterling. Investors are now keenly watching upcoming U.S. inflation data and central bank commentary for further clues on monetary…

The Economic Times

Stocks waver, oil falls as traders weigh Iran talks

European stocks and US futures have slipped but UK assets have remained steady following UK Prime Minister Sir Keir Starmer's resignation announcement.

AAP

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Fortune

Dow futures drop as first day of U.S.-Iran talks sees Trump threaten Tehran on Hormuz: 'You close it and you won’t have a country'

He also said the U.S. may take over the strait, adding "I'll blow the s--t out of them. If they don't make a deal, we'll collect tolls."

Bangkok Post

Pundit says oil prices hold key to Iran ceasefire

A ceasefire between the US and Iran is likely to drive down global crude oil prices to around US$70 per barrel, according to a specialist on the US and Chinese economies.

Bangkok Post

Iran peace optimism expected to bolster stock markets

A potential peace agreement between the US and Iran could become a catalyst for global financial markets, though it may take months for the global energy market to stabilise, say analysts.

Bangkok Post

Analyst urges shift away from fossil fuels

Thailand must accelerate its transition to renewable energy if it is to reduce dependence on imported oil and gas and avoid repeating the painful consequences of global conflicts, according to Praipol Koomsap, economist at Thammasat University and former assistant to ex‑energy minister Narongchai Akrasanee.

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Motor1

Woman Goes To Take 5. Then She Sees What 'Core' Costs Vs. 'Complete' Vs. 'Ultimate'

“I definitely felt ripped off."

Bangkok Post

Still a long way to go

During the past week, global attention focused on the ceasefire agreement between the US and Iran, bringing months of protracted conflict to a halt.

France 24

Switzerland talks enter tough phase after Trump renews threats against Iran

US Vice President JD Vance said Sunday there was a chance to “turn over a new leaf” with Iran as negotiators met in Switzerland to build on last week’s interim agreement. But President Donald Trump’s renewed threats over Iran-backed Hezbollah and the Strait of Hormuz – and Israel's refusal to…

The Economic Times

How India can build a bigger oil buffer without straining the exchequer

As tensions around Iran and the Strait of Hormuz ease, India should focus not only on managing the immediate oil crisis but also on strengthening long-term energy security, the authors argue. While the government has asked ONGC to build a new 1.75-million-tonne strategic oil reserve in Mangaluru, expanding reserves through…

AAP

AAP Rolling News Bulletin June 22, 0300

AAP Rolling News Bulletin for June 22 at 0300

AAP

AAP Rolling News Bulletin June 22, 0230

AAP Rolling News Bulletin for June 22 at 0230

AAP

AAP Rolling News Bulletin June 22, 0200

AAP Rolling News Bulletin for June 22 at 0200

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