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The Latest Breaking News from Oil

Oil Price Today (July 13): Crude oil up almost 5%, nears $80 as US, Iran unleash more strikes. $100 in sight?

Brent crude futures advanced $3.34, or 4.38%, to $79.5 a barrel, while U.S. West Texas Intermediate (WTI) crude gained $3.07, or 4.30%, to $74.20 a barrel. The latest rally comes after both benchmarks climbed 5.5% last week, with WTI once again trading above $74 a barrel. European natural gas futures…

The Economic Times

5 Nail Care Habits Indian Women Need to Start Before Their Nails Tell a Worse Story

Stop Cutting Your CuticlesThe cuticle is a seal. It sits at the base of each nail and blocks bacteria, fungi, and moisture loss from entering the matrix where new nail cells form. Cutting it, a standard step in most Indian parlour manicures, removes that seal entirely. A 2012 study published…

Times Life

The Ancient Indian Fragrance Called Ittar Still Knows Something About Your Identity

The Scent That Predates the BottleThe oldest ittar recipes in the subcontinent don't come from perfumers. They come from physicians. The Charaka Samhita lists aromatic preparations not as luxury but as medicine, rose to cool the blood, sandalwood to calm the mind, vetiver to draw heat from the body in…

Times Life

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Gold slides over 1% as oil surges on Strait of Hormuz closure fears

Gold prices declined over one percent in early Asian trade Monday. Oil prices jumped sharply, increasing inflation concerns and interest rate expectations. U.S. and Iranian forces exchanged missile and drone assaults in the Gulf region. Federal Reserve chair testimony and economic data will offer policy clues. Gold speculators reduced net…

The Economic Times

Dollar jumps on renewed Middle East attacks, Hormuz closure

The dollar strengthened against most currencies due to renewed Middle East conflict. This conflict fueled inflation fears and increased rate hike prospects from central banks. Oil prices rose significantly, driving the dollar's upward movement and inflation concerns. Traders now anticipate two Federal Reserve rate hikes by year-end. Upcoming U.S. inflation…

The Economic Times

The Spiti Valley Road Trip Preparation Guide Most Indian Travellers Skip Before They Go

Altitude Is the First Problem, and Most People Arrive at It Too FastKaza, the administrative centre of Spiti, sits at 3,800 metres. Kibber, one of the villages travellers push toward, is above 4,200 metres. The human body needs 24 to 48 hours to begin adjusting to each significant gain in…

Times Life

Trump Directs Fresh Strikes to 'Hold Iranian Forces Accountable,' Says CENTCOM; Oil Tops $74 as Dow Futures Fall Over 100 Points

Late Sunday, global markets turned cautious after the U.S. launched another round of strikes against Iran, fueling a rally in crude oil prices and weighing on U.S. stock futures.

Benzinga

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Global Market Today: Asian shares slip as oil jumps on Gulf attacks

Asian markets declined as intensified Gulf fighting and oil price surges rekindled inflation risks. Oil prices climbed significantly, impacting global economic outlooks and investor sentiment. Investors increased expectations for a Federal Reserve interest rate hike soon. Major banks and tech companies are set to release their quarterly earnings reports. South…

The Economic Times

Oil jumps 3% after US, Iran escalate strikes in Mideast

Oil prices climbed Monday as Iran expanded strikes on Gulf states. U.S. West Texas Intermediate crude rose and Brent crude futures climbed. Tehran extended strikes on Qatar and the United Arab Emirates over the weekend. This cycle of attacks casts doubt on an interim U.S.-Iranian agreement. Market analysts suggest the…

The Economic Times

Rising tempo of combat in battle for Hormuz threatens market's confidence that the worst is over on Iran. 'There's a lot of complacency'

U.S. forces carried out five rounds of attacks in the past week and three over the last 24 hours, signaling that the operational tempo is quickening.

Fortune

Iran expands attacks on Gulf states after intense US strikes

Iran reported strikes Sunday evening on two of its southern islands while Kuwait, where Tehran has repeatedly targeted US installations, said border posts and an offshore oil platform had been attacked. The as-yet unclaimed strikes came hours after Tehran and WashingtonStrait of Hormuz, offering contradicting statements as to whether the…

France 24

Mechanic Says Ford ‘Perfected’ The Oil Change After 2022 Ranger Comes In. Then Viewers See How It’s Done: ‘I’m Selling The Car'

"People complaining that the perfect oil change doesn't exist."

Motor1

Keystone Pipeline system's operator agrees to pay a $26.9M penalty over a major Kansas oil spill

A proposed legal settlement with the U.S. government would require the Keystone Pipeline system’s operator to pay a civil penalty of nearly $27 million over a major oil spill in Kansas in December 2022

The Independent UK

US NATO Ambassador Whitaker Says Trump Open to Iran Deal If Tehran Stops 'Acting Crazy'

The Trump administration remains open to making a deal with Iran to end more than four and a half months of hostilities, the US Ambassador to NATO Matt Whitaker told Fox News on Sunday.

Benzinga

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The Economic Times

US launches fresh strikes on Iranian weapons and boats near Hormuz, Axios reports

United States forces conducted strikes on Iranian missile and air defence systems. US forces also targeted Islamic Revolutionary Guard Corps small boats near the Strait of Hormuz. Iran reported that enemy missiles struck Qeshm Island without casualties. These events represent a recent escalation in the strategic waterway. The waterway is…

The Economic Times

US-Iran war: Oil flow through Hormuz rises after ceasefire, but fresh strikes spark fears, IEA says

Iran war news: Oil flows through the Strait of Hormuz recovered sharply after a ceasefire. Renewed hostilities this week have revived uncertainty over global oil markets. Benchmark crude prices fell through June as tanker traffic resumed. Global oil supply rebounded in June, supporting Gulf production recovery. The outlook depends on…

The Guardian - UK

Ukrainian drone strikes force Russia to suspend shipping in Sea of Azov

Vital maritime corridor closes after 90 vessels – including shadow fleet oil tankers – are attacked in under a week

Benzinga

Hormuz Stays Open as Iran–US Strikes Lift Oil Prices Amid Gulf Tensions

Shipping through the Strait of Hormuz remains open despite Iranian claims that it has shut the key transit route for oil and natural gas to traffic.

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The Independent UK

Ukrainian prime minister to step down as Zelenskyy announces government reshuffle

Ukrainian Prime Minister Yulia Svyrydenko stepped down on Sunday as President Volodymyr Zelenskyy announced fresh changes to Ukraine’s government

Bangkok Post

Struggling consumers urge cut in fuel excise tax

Consumer groups have called for cuts to fuel excise taxes, arguing that recent retail price reductions fail to address the structural causes of high oil prices.

The Guardian - US

‘Huge wave’ of carbon storage projects causes alarm in small-town USA as oil firms eye billions in subsidies

Dozens of projects are in development across US despite concerns over environmental and health risks

The Economic Times

Iraqi prime minister to visit Washington on Monday; oil and gas deals expected

Iraq's prime minister will visit Washington to strengthen strategic and economic ties. Oil and gas deals are expected to be signed, boosting production capacity. Alternative export routes will be sought to reduce Strait of Hormuz exposure. Strengthening Iraq's armed forces will also be a key discussion point. This visit aims…

The Times of India

Ukraine steps up attacks on Russia, killing one and targeting refinery and tanker

One person was killed and three others, including a child, were injured after Ukraine launched attacks on Russia's Samara region and the Azov-Black Sea Canal on Sunday, Russian officials said.

Benzinga

Oil Prices Surge Amid US-Iran Tensions, Elizabeth Warren Slams 'Corrupt' Trump-Linked Deal and More: This Week in Economy

It’s been an eventful weekend in the world of finance and politics. Here’s a quick recap of the top economic stories that made headlines.

International Business Times

Airfares Up 20%: Delta CEO Says This Summer's Flight Prices Won't Fall

Airfare prices 2026 remain elevated after Delta Air Lines CEO Ed Bastian told CNBC on July 10 that the roughly 20% jump in domestic ticket prices is "sustainable," citing strong demand and four carriers controlling 73% of U.S. traffic — even as jet fuel costs are projected to fall 20%…

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