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The Latest Breaking News from Oil

Soybeans Falling Back on Monday Morning Trade with Weather and Outside Pressures

Soybeans are trading with 32 to 35 cent losses on Monday morning, with a wetter forecast and sharply lower crude oil playing a pressure factor. Futures closed the Friday session with contracts steady to 10 ½ cents higher, with the front months leading the bull spreading. August managed a 43...

Barchart

Potential for first Australian oil refinery in 60 years as treasurer braces for inflation from Middle East war

Commonwealth and Western Australia to fund study into construction of large-scale petrol refinery as buffer against fuel vulnerability

The Guardian - AU

Iran says it retains control of Strait of Hormuz, rules out resuming US talks after Trump pauses bombing campaign

Iran maintains control of the Strait of Hormuz after the United States paused its bombing campaign. Tehran rejected suggestions that peace talks with Washington were set to resume soon. The suspension of strikes eased concerns over global oil supply disruptions and lowered crude prices. Iran claimed six ships were turned…

The Economic Times

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India 10-year bond yield logs biggest plunge in 2 months as oil rally falters

Brent crude prices fell 4% in the previous session and slumped another 9% in Asian trading after the United States and Iran paused fighting. The contract last traded at around $89 per barrel, after surging to $102 last week.

The Economic Times

Oil prices fall back sharply on renewed Iran war ceasefire hopes

The cost of benchmark Brent crude dropped 8% to 87.55 US dollars a barrel at one stage in ongoing heightened volatility in oil and gas markets.

The Independent UK

Market wrap: Eternal, HDFC Bank, Infosys among top gainers and losers on Nifty and Sensex on Monday

Indian equity markets rebounded sharply, ending a five-session losing streak as easing West Asia tensions, lower crude oil prices and upbeat earnings lifted sentiment. Sensex surged 776 points, Nifty neared 24,000, while experts see 24,150 as the next key resistance.

The Economic Times

The U.S. And Iran Halted Strikes In The Middle East. Oil Prices Are Plummeting

Oil is plummeting after the U.S. and Iran halted strikes in the Middle East.

International Business Times

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PM urged to uphold climate pledges made as mayor and ban new North Sea oil drilling

Experts who helped Burnham draw up Manchester carbon neutral pledge say backtracking would send wrong message amid wildfires and heatwaves

The Guardian - UK

Stocks Set to Open Sharply Higher as Oil Prices Sink, Big Tech Earnings and Fed Meeting in Focus

September S&P 500 E-Mini futures (ESU26) are up +0.98%, and September Nasdaq 100 E-Mini futures (NQU26) are up +1.59% this morning, pointing to a sharply higher open on Wall Street as a slump in oil prices boosted investor sentiment at the start of a busy week.

Barchart

Current price of oil as of July 27, 2026

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

Fortune

US President Trump's economy at 18 months is a tale of shocks, resilience, and signs of stalled progress

President Trump's initial eighteen months saw economic shocks from immigration and tariffs. An Iran war also impacted oil prices and global supply chains. While the economy showed resilience, promised job growth and lower prices have not materialized. Disposable incomes have stalled, and housing affordability remains a significant challenge. Stock market…

The Economic Times

Rupee logs best day in over 6 weeks as RBI intervention magnifies oil slump impact

On Monday, the Indian rupee experienced its most remarkable trading day in over six weeks, thanks to decisive actions from the central bank and a notable decrease in oil prices. Opening at 96.1475, it surged to a high of 95.7950. The decline in oil prices was further fueled by a…

The Economic Times

Explained: Why crude oil prices tumbled over 9% to below $90/bbl in one day

Crude oil prices plunged more than 9% to $88 a barrel after the US paused strikes on Iran and Tehran signalled restraint, boosting hopes of de-escalation. Reports said China is backing Pakistan's efforts to revive US-Iran peace talks, easing fears of prolonged supply disruptions. The sharp decline in oil prices…

The Economic Times

Scottish billionaire and philanthropist Sir Ian Wood dies aged 84

IN FULL

The Independent UK

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Kiplinger

I'm a Portfolio Manager: This Is Why Energy Resiliency and Oilfield Service Stocks May Represent a New Growth Opportunity

The war in Iran has thrown a spotlight on energy security. Should investors look toward oilfield service companies that make dependable supplies possible?

The Independent UK

Sir Ian Wood: North Sea oil tycoon and philanthropist dies aged 84

Sir Ian was one of Scotland’s wealthiest people

Radio France Internationale

Iran halts retaliatory strikes as US gives diplomacy 'more room'

Iran and the United States have paused their attacks, offering Gulf shipping and global oil markets a respite after weeks of escalating strikes around the Strait of Hormuz.

The Economic Times

MRPL seeks crude via tender avoiding Red Sea and Hormuz, document shows

Mangalore Refinery and Petrochemicals Ltd is seeking oil imports via a spot tender. The company has asked suppliers to avoid the Red Sea and Strait of Hormuz. This precautionary measure aims to prevent potential disruptions to key maritime oil trade routes. The refiner previously did not award a tender seeking…

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The National (Scotland)

Scottish billionaire oil baron Ian Wood dies aged 84

SCOTTISH billionaire and oil baron Ian Wood has died aged 84 ...

The Economic Times

Global Market: European shares rise as oil slumps on US-Iran de-escalation; tech earnings in focus

European stock markets gained as tensions eased between the United States and Iran. A sharp decline in oil prices supported sectors sensitive to fuel costs. Investors turned their attention to crucial quarterly earnings from major US technology companies. These results could shape the outlook for global equity markets and economic…

The Guardian - UK

Oil prices fall as US pauses strikes on Iran over strait of Hormuz

Brent crude drops 9% to below $88 a barrel, prompting UK government bond yields to fall

Euronews

Hormuz crisis puts Europe's oil market under further strain following post-ceasefire relief

After a brief reprieve in the wake of a ceasefire deal between the US and Iran, the crisis in the Strait of Hormuz has sent oil prices spiralling again. Europe in Motion breaks down the European countries with the most significant fluctuations.

The Economic Times

Saudi oil can still get out — but it won’t be cheap or easy

Saudi Arabia faces a challenge rerouting oil exports due to Houthi attacks. An existing pipeline bypasses the Strait of Hormuz, but a new detour is needed. This new bypass requires additional pipelines and significant diplomatic efforts. The kingdom must now push its oil north to avoid the Bab el-Mandeb strait.…

The Economic Times

US Stock Market: US investment-grade bond funds see record weekly outflows as inflation fears rattle markets

Investors withdrew a record $7.1 billion from U.S. investment-grade bond funds. Surging oil prices and rising Treasury yields triggered this sharp selloff. High-yield bond funds and leveraged-loan funds attracted modest inflows during the same week. These alternative fixed-income segments are less sensitive to rising yields. The market reflects investor preferences…

The Economic Times

Global Markets: Japan's Nikkei rises as oil falls before key earnings

Japan's Nikkei share average closed higher on Monday, boosted by lower oil prices. Investors remained cautious due to upcoming major earnings reports from U.S. cloud companies. Reduced concerns over crude prices supported Japanese shares, while buybacks were also anticipated. Major U.S. and Japanese companies will release their earnings this week.…

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