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The Latest Breaking News from Oil

Trump Gives Up Plan To Charge For Hormuz Strait Passage. Oil Is Giving Up Gains

Oil is giving up gains after Trump said he would scrap the plan to charge for passage through the Strait of Hormuz.

International Business Times

US-Iran war: Trump drops 20% toll plan on Hormuz, seeks Gulf investment deals instead

US President Trump announced Gulf nations will invest in the United States. This replaces a proposed fee for shipping through the Strait of Hormuz. Massive investments will boost American factories and create jobs. The US military ensured uninterrupted oil flows through the vital waterway. Iran faces a full blockade on…

The Economic Times

Tensions Keep Rising Between The U.S. And Iran. Oil Prices Are Climbing Further

Oil keeps rising as tensions between the U.S. and Iran flare up.

International Business Times

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The Trump toll: Why plan to charge ships 20% fee in Strait of Hormuz will never work

Trump’s 20 per cent toll on shipping could more than double the cost of transporting oil from the Gulf to Europe, say analysts

The Independent UK

Dollar Falls and Gold Rallies as US CPI Trails Estimates

The dollar index (DXY00 ) is down by -0.55% today. The dollar is retreating today after US June consumer prices rose less than expected, a dovish factor for Fed policy. Also, the benign CPI report has reduced the chances of a Fed rate hike at the FOMC meeting later this...

Barchart

Start the party with crackers

Spiced Saltines, savory Ritz granola and cacio e pepe oyster crackers make the case.

Salon

Ukraine forces hit more than 100 Russian vessels in Sea of Azov in eight days

Russia is looking for a way to redirect ships from the Sea of Azov after Ukrainian forces struck more than 100 Russian vessels — including oil tankers and cargo ships — in less than two weeks, isolating Moscow-occupied Crimea even more.

Euronews

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Oil Is at $72. Diesel Is Pricing In $140. That's the Inflation Warning Wall Street May Be Missing.

Crude oil prices suggest inflation is staying in check. The diesel market is telling a very different story.

Benzinga

Oil is up after Strait of Hormuz closed again – so why hasn’t the stock market cratered this time?

Prolonged conflict in the Middle East will likely see markets impacted but investors are being cautious for now

The Independent UK

US consumer inflation cools in June on lower energy costs

US consumer inflation cooled more than anticipated in June, government data showed. Energy prices fell momentarily last month, aiding the inflation slowdown. Analysts had expected a larger uptick in the consumer price index. Renewed hostilities are pushing oil prices upwards again currently. Federal Reserve chairman Kevin Warsh will address lowering…

The Economic Times

IOC, BPCL, HPCL step up fuel quality checks amid social media concerns

Indian Oil, Bharat Petroleum, and Hindustan Petroleum have intensified fuel quality inspections nationwide. These companies conducted thousands of surprise checks and tests over the past week. Their quality assurance systems involve field inspections and laboratory testing. No adulteration or critical irregularities were found during these recent checks. Customers are urged…

The Economic Times

Ukraine downs 5 Russian ballistic missiles as Kyiv looks to harden its air defenses

Ukraine's air force intercepted five ballistic missiles during overnight Russian attacks. Other missiles and drones struck warehouses and a school in Kyiv. Ukraine is forming a coalition to build a shared ballistic missile shield for Europe. The country also struck Russian oil facilities, including refineries.

The Economic Times

Inflation cools to 3.5% in June in relief brought by brief US-Iran peace deal

Recent strikes have sent oil prices climbing again, with average gas price per gallon up by $0.70 compared with 2025

The Guardian - US

Vedanta AGM: Anil Agarwal maps aggressive expansion after demerger, targets scale-up across metals, oil and power

Vedanta plans major expansion across its demerged businesses, targeting higher production in metals, oil, gas, steel and power. Chairman Anil Agarwal highlighted record FY2026 performance, AI-led efficiency, critical mineral exploration and ambitious capacity additions to drive long-term growth.

The Economic Times

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The Independent UK

England and Argentina’s epic rivalry is much deeper than just football

WORLD CUP 2026: The two nations clash in a mammoth World Cup semi-final, writes Miguel Delaney, that will be embroiled in emotion, history and so much more

Barchart

Cotton Facing Early Tuesday Weakness

Cotton prices are down 50 to 64 points so far on Tuesday morning. Futures were mixed to start the week, with contracts down 9 to 10 points higher. Crude oil was up $6.54 on the day following increased tensions with the US and Iran. The US dollar index was up...

The Economic Times

Market wrap: Top gainers and losers on Nifty and Sensex today

Indian benchmark indices ended sharply lower on Tuesday as escalating Middle East tensions and surging crude oil prices triggered broad-based selling. Sensex fell 561 points and Nifty slipped below 24,100, with auto, IT, PSU banks and realty leading losses, while pharma stocks outperformed amid a flight to defensive sectors.

Euronews

US strikes Bushehr as Iran's parliament tables bill to control Hormuz

Four points in the port city hosting Iran's only nuclear power plant were hit by US projectiles on Tuesday, as Iran's parliament formally submitted a bill asserting Tehran's permanent control over the Strait of Hormuz.

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The Economic Times

Oil spike jolts Indian bonds, 10-year yield hits three-week high

On Tuesday, Indian government bonds faced a notable downturn, with the benchmark 10-year yield climbing to a three-week peak as global market anxiety intensified. The recent spike in oil prices following tensions in the U.S.-Iran relationship has shaken investor confidence, resulting in a weaker rupee and declining stock values in…

The Independent UK

Earthquake aid keeps flowing from Florida to Venezuela, with help from the U.S. State Department

Eighteen-year-old Alessandra Izaguirre is part of a massive grassroots effort to help Venezuela after devastating earthquakes

The Guardian - UK

Oil price jumps as US-Iran clashes raise odds of interest rate rises

Energy prices later stabilise after Trump abandons plan for 20% levy on traffic through strait of Hormuz

The Economic Times

E20 causes no engine damage, no major mileage loss: IIT Kanpur

IIT Kanpur researchers report no significant fuel efficiency drop with E20 petrol. Their studies found no evidence of engine damage from the blended fuel. The Oil Ministry also stated E20 offers benefits outweighing minor mileage impacts. Extensive testing has been conducted on ethanol-blended fuels by the institute. Motorists should consult…

Woman & Home

Mosquito bites ruining your summer? These itch-calming products are probably already in your toiletry bag

From Cica to mugwort, here’s what a K-beauty expert wants Brits to know about soothing insect bites this summer

The Economic Times

Rupee slides past 96/USD to one-month low as oil climbs; RBI likely intervenes

On Tuesday, the Indian rupee fell to its lowest level in over a month, influenced by soaring oil prices and ongoing tensions in the Middle East. The Reserve Bank of India likely stepped in to stabilize the currency as Indian equities also dipped and bond yields rose. Market observers are…

Barchart

S&P Futures Muted as Investors Weigh Big Bank Earnings, U.S. Inflation Data and Warsh’s Testimony in Focus

September S&P 500 E-Mini futures (ESU26) are down -0.06% this morning as investors digest earnings reports from big U.S. banks, with the focus now turning to key U.S. inflation data and Federal Reserve Chairman Kevin Warsh’s congressional testimony.

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