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The Latest Breaking News from Oil

One sheet of aluminum foil can solve a surprisingly common kitchen problem. Here's what is it and how to make it happen

One sheet of aluminum foil can solve a surprisingly common kitchen problem by helping you make a quick funnel at home. A single sheet can be folded into a cone and used to transfer dry goods, cooking oil, spices, grains, seeds, or plant food without creating a mess. This simple…

The Economic Times

Oil heads for weekly gain as Middle East supply risks persist

On Friday, oil prices saw a modest increase as they aimed for weekly gains. Renewed hostilities between the US and Iran have severely limited shipping activity in the Strait of Hormuz, leading to a virtual halt in tanker traffic. This disruption followed Iran's burial of its late supreme leader, Ayatollah…

The Economic Times

Inflation Concerns and Rising Crude Oil Prices Mean You Should Sell U.S. T-Bonds Here

September U.S. T-Bond futures present a selling opportunity on more price weakness.

Barchart

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Stocks Supported by Lower Crude Prices as Geopolitical Risks Ease

The S&P 500 Index ($SPX ) (SPY ) today is up +0.19%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.11%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.03%. September E-mini S&P futures (ESU26 ) are up +0.19%, and September E-mini Nasdaq futures...

Barchart

Iceland heats almost every home with volcanic heat, pumping naturally heated water from deep beneath its active volcanic landscape instead of burning coal, oil, or natural gas

Iceland harnesses Earth's natural heat for widespread geothermal energy. This system provides heating and hot water to nearly ninety percent of households. Geothermal energy also supports various industries and electricity generation in the country. The nation's long-term investment demonstrates a successful renewable energy transformation. Iceland's model offers valuable lessons for…

The Times of India

Global Oil Demand To Drop For The First Time In More Than Five Years, IEA Says

Global oil demand is set to drop for the first time since 2020, according to the International Energy Agency as the war in Iran saw traffic through the Strait of Hormuz plummet.

International Business Times

India's 10-year bond logs best day in over a week on oil relief

On Friday, Indian government bonds experienced a positive shift with declining yields. This improvement was fueled by robust demand during a weekly auction and additional foreign investments. Falling oil prices further enhanced market sentiment. However, traders are keeping a vigilant eye on potential geopolitical tensions and weather disruptions. Furthermore, an…

The Economic Times

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Cotton Slide Continuing on Friday Morning

Cotton is trading with 25 to 47 point losses. Futures were down 4 to 24 points across the board at the Thursday close as July expired. Crude oil corrected back lower on Thursday despite back and forth strikes between the US and Iran overnight, down $1.71 at the close. The...

Barchart

Truce and fire: The ghost of Versailles haunts Trump. But is Iran overplaying its hand?

President Trump declared the June 17 ceasefire with Iran over, ordering fresh US strikes. Iran responded by targeting tankers in the Strait of Hormuz, escalating tensions. The conflict's tempo is now largely controlled by Iran's ability to disrupt oil shipments. Both sides face pressures, with neither in a decisive position…

The Times of India

Global oil demand set for first annual drop since the COVID-19 pandemic, IEA says

Global oil consumption is on course to shrink this year for the first time since the COVID-19 pandemic, the International Energy Agency has said, as the war between the US and Iran throttled Gulf exports, though the IEA also noted supply increased in June.

Euronews

Many people throw away dryer sheets after one use, but soaking a used sheet in a greasy pan overnight may help loosen baked-on residue

A new kitchen hack involves using used dryer sheets for cleaning. These sheets contain surfactants that help lift oil from solid surfaces. Scientific studies support the effectiveness of these compounds in degreasing. Home cooks have found this method works well on greasy pans. However, caution is advised for cast iron…

The Economic Times

Rupee slips on week as Iran flare-up spurs caution, merchant hedging

The Indian rupee ended nearly unchanged on Friday, but the week closed on a weaker note. Investor caution grew amid renewed hostilities in the Middle East, impacting oil-affiliated currencies. Meanwhile, global stock markets thrived, propelled by AI innovation and SK Hynix's entry in the US. The Japanese yen gained momentum…

The Economic Times

Current price of oil as of July 10, 2026

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

Fortune

How a secret CIA operation in 1953 set the stage for decades of tension between Iran and United States

US-Iran hostility stems from a 1953 CIA-backed coup which removed Prime Minister Mossadegh. Britain's oil dispute with Iran triggered the crisis and led to economic pressure. The Shah's rule, supported by the US, fostered growing opposition and anger. This historical distrust fueled the 1979 revolution and subsequent US embassy hostage…

The Times of India

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The Independent UK

Three gazpacho recipes to get you through the UK heatwave

As Britain swelters through another heatwave, Hannah Twiggs shares three chilled gazpacho recipes – from roasted vegetables to crab and cherries – that prove cold soup is the smartest thing you can make when it’s too hot to cook

Benzinga

US To Continue ‘Technical Talks’ With Iran Even After Trump Declares Ceasefire ‘Over’ and Questions Tehran’s Intentions: Report

The United States will continue talks with Iran and remains committed to finding a resolution, even after the two countries traded strikes this week and President Donald Trump declared their ceasefire "over."

The Economic Times

Global Market: IEA sees global oil demand recovering as Strait of Hormuz flows resume

Global oil demand is showing signs of recovery as shipments through the Strait of Hormuz resume and crude prices ease, the International Energy Agency (IEA) said. While the agency raised its demand outlook slightly, it cautioned that consumption and production remain well below pre-conflict levels amid lingering Middle East tensions.

Benzinga

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

The S&P 500 rallied on Thursday as semiconductor stocks rebounded and oil prices eased, but Polymarket traders are betting the benchmark index will open lower on Friday.

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The Economic Times

E20 petrol may cut mileage by 3-5% in some vehicles, but benefits outweigh impact: Oil Ministry

The government acknowledges E20 fuel's minor fuel economy reduction. This impact is outweighed by benefits like better engine performance and lower emissions. India's ethanol blending program began with pilot projects in 2001. The nation achieved ten percent blending ahead of schedule in 2022.

The Economic Times

Fresh US-Iran clash clouds IEA oil outlook despite June supply lift from Hormuz reopening

Global oil supply rebounded in June after a ceasefire allowed Strait of Hormuz transit. However, renewed hostilities between the United States and Iran threaten future oil surplus forecasts. The International Energy Agency sees potential disruption to its 2027 surplus projection. Refined product markets remain tight due to refinery issues and…

The Economic Times

NSE crude oil options hit record Rs 2,006 crore premium turnover in one day, volumes top 47 lakh

The National Stock Exchange (NSE) reported record activity in its crude oil options contract on July 9, 2026, with the highest-ever daily premium turnover of Rs 2,006.49 crore, trading volume of 47,33,862 contracts, and intraday open interest exceeding 1,14,000 contracts. The milestone reflects growing participation as traders and hedgers increasingly…

MyLifeXP

6 Shani Temples Famous for Karma and Divine Justice

When life feels filled with unexpected struggles, many devotees turn to Lord Shani for guidance, justice, and inner strength. Known as the deity of karma and discipline, Lord Shani is believed to reward honest actions and correct wrongdoings. During periods like Sade Sati, Shani Dhaiya, or Shani Mahadasha, thousands of…

The Economic Times

Vedanta Power, Vedanta Oil & Gas, other Vedanta stocks surge up to 6%. What lies ahead?

Vedanta Group stocks experienced significant gains on Friday after their recent demerger. Vedanta Iron and Steel shares surged five percent, hitting the upper circuit limit. Vedanta Oil and Gas shares also saw a substantial increase, extending recent positive momentum. Vedanta Power and Vedanta Aluminium reported production and sales figures for…

The Independent UK

Asian stocks climb and oil prices slip as traders monitor Iran war developments

Asian stocks have advanced, helped by buying of technology-related shares following a tech-led rally on Wall Street

Euronews

Newsletter: Money talks, but first listen to Lagarde

In today's newsletter: An exclusive interview with EBC President Christine Lagarde, the Spanish proposal of €850 billion of EU common borrowing, and ambassadors race to the 21st sanctions package against Russia finish line.

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