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The Latest Breaking News from Oil

French navy seizes Russia-linked oil tanker in Atlantic

President Macron says ship subject to sanctions and posts video of operation that took place with UK support

The Guardian - UK

Three authentic Istanbul recipes to cook at home

For Özlem Warren, Istanbul’s food is about far more than kebabs. The Turkish food writers speaks to Ella Walker about why breakfast, hospitality and centuries of history are at the heart of the city’s culinary identity

The Independent UK

France intercepts shadow fleet tanker linked to Russia

The Kremlin says ‌it considers France's seizure of the Russian-linked oil tanker ‌Tagor to be illegal and that it ‌borders on piracy.

AAP

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Trump's oil blockade on Cuba aggravates Havana's garbage crisis

PRESS REVIEW – Monday, June 1: Piles of trash are flooding Havana, as Cuba struggles under US President Donald Trump's oil blockade. Next, papers look at the latest cancer research breakthrough and the industry of hair transplants. Also: US farmers find alternative ways to make money. Finally, some Paris metro…

France 24

Rupee ends little changed on two-way foreign portfolio flows, merchant hedging

The Indian rupee remained stable on Monday. Modest gains from equity index rebalancing were countered by corporate hedging. Traders are closely watching the upcoming monetary policy decision. Higher crude oil prices had little impact. The rupee is expected to trade within a narrow range. Analysts suggest the market anticipates faster…

The Economic Times

Macron says French Navy, backed by the UK, intercepted a sanctioned tanker from Russia

The French Navy, with UK support, has intercepted another Russia-linked oil tanker under international sanctions

The Independent UK

Why did market fall today? Sensex drops 500 points, Nifty closes below 23,400: 4 key factors

Indian stock markets experienced a sharp decline on Monday. The Sensex and Nifty both fell significantly. This downturn was driven by substantial foreign investor selling and growing concerns over the Iran-US conflict. Rising oil prices and increased market volatility also contributed to the negative sentiment. While IT stocks showed resilience,…

The Economic Times

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‘International terrorism’: Russia slams France's seizure of Russian-linked tanker, terms it 'illegal'

France has detained a Russian-linked oil tanker, the Tagor, in the Atlantic, suspecting it of violating sanctions imposed over the Ukraine war. Russia vehemently condemned the seizure as illegal, bordering on 'international terrorism,' and vowed to protect its shipping. This action is part of a wider Western effort to curb…

The Times of India

How Investing in Oil and Gas Mineral Rights Can Help You Step Off the 1031 Exchange Treadmill

Mineral rights offer deeded ownership with no tenants, monthly royalty income with no operating costs, a stepped-up basis for heirs and more.

Kiplinger

China's factory activity flatlines in May casting doubt over the economy

China's manufacturing sector barely held its ground in May, with official data showing activity slipping to its weakest reading in three months as the fallout from the Iran war and entrenched domestic weakness raise fresh doubts about Beijing's growth ambitions.

Euronews

Crude oil shock clouds near-term outlook, but FY27 earnings growth still intact: Karthikraj Lakshmanan

UTI AMC's Karthikraj Lakshmanan sees cautiously optimistic Indian market outlook with intact FY27 earnings trajectory, despite near-term crude oil volatility. Macro pressures from rising oil prices are noted, but India remains resilient, with potential for double-digit earnings growth. Selective sector bets, particularly financials and IT, are favored over unpredictable fund…

The Economic Times

ATF prices for international airlines slashed 27%; domestic rates unchanged

International airlines see a significant 27 percent cut in jet fuel prices. Domestic carriers, however, continue to pay unchanged rates. Commercial LPG prices have reached record highs. Household LPG and fuel prices for petrol and diesel remain steady. These revisions reflect monthly price reviews by state-owned oil companies amidst global…

The Economic Times

UAE announces June 2026 fuel prices as petrol jumps 8% to Dh3.95 per litre, highest level in nearly 4 years

UAE motorists are facing significantly higher petrol prices in June 2026, marking the fourth consecutive monthly increase. This surge, driven by international energy market volatility and Middle East shipping disruptions, pushes Super 98 to Dh3.95 per litre. While diesel prices have fallen, petrol users face continued pressure as summer travel…

The Times of India

Surge in oil prices amid latest strikes between US and Iran

IN FULL

The Independent UK

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The Economic Times

Q4 earnings review: Motilal Oswal highlights broad-based beat on estimates, lists 6 sectors that exceeded expectations

Motilal Oswal said Q4 FY26 earnings surpassed expectations, with aggregate profits rising 16% year-on-year against its 8% estimate. Strong performances from BFSI, metals, OMCs, technology, telecom and automobiles drove the beat, while oil & gas lagged. The brokerage remains selective, favouring domestic growth-oriented sectors and stocks.

The Independent UK

UK and France intercept ship linked to Russian oil trade

IN FULL

The Independent UK

UK and France intercept suspected Russian oil tanker in Atlantic, Macron says

French president says new tanker was intercepted by France with support of several partners

Radio France Internationale

France boards fourth Russian oil tanker as crackdown on ‘shadow fleet’ continues

The French Navy has boarded another oil tanker from Russia as Paris steps up its campaign against Moscow’s so-called "shadow fleet" of vessels suspected of evading international sanctions.

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The Economic Times

Pankaj Pandey identifies defence, pharma and consumption as core stock picking themes

Indian equities face a mixed outlook due to potential monsoon deficit and uneven corporate earnings. While rural-linked sectors may see pressure, broader market impact is expected to be contained. Investors are advised to look for selective opportunities in sectors like EMS, paints, and defence technology amid ongoing sectoral divergences.

Euronews

France and allies intercept uncompliant Russian shadow fleet tanker, Kremlin calls it 'piracy'

Russia has reportedly built up a flotilla of old oil tankers of opaque ownership to get around sanctions imposed by the European Union over Moscow's 2022 full-scale invasion of Ukraine.

The Economic Times

India may have found reliable trade route beyond Strait of Hormuz with Oman trade deal

India's new trade pact with Oman, effective June 1, offers strategic importance beyond trade. Oman's location outside the Strait of Hormuz ensures a reliable energy and trade gateway for India, even amidst regional conflicts. This agreement is an investment in India's long-term energy and economic security.

The Economic Times

Markets in limbo as US–Iran uncertainty clouds global outlook: Geoff Dennis

Global markets are grappling with US-Iran standoff uncertainty, with conflicting signals leaving investors hesitant. Despite geopolitical tensions, oil prices remain below extreme forecasts, cushioning global markets. Near-term caution is advised due to stretched valuations and inflation concerns, though India's underperformance is linked to weak foreign inflows.

France 24

France backed by Britain intercepts sanctioned oil tanker sailing from Russia

France has intercepted an oil tanker sailing from Russia and circumventing sanctions in the Atlantic over the weekend, President Emmanuel Macron said in a social media post on Monday. The Tagor was detained Sunday morning in international waters with the help of Britain and other partners, the French president said.

The Independent UK

Ukraine-Russia war latest: Kremlin says French seizure of tanker ‘bordering on piracy’ as it vows response

Lukashenko says he knows the Ukrainian military 'does not want any war with Belarus'

The Economic Times

India bonds dip as Middle East war woes add to policy week caution

Indian government bonds retreated as traders anticipated the central bank's policy decision and higher oil prices due to the Middle East conflict. The benchmark 2035 yield climbed, while overnight index swap rates surged, reflecting increased rate hike bets amid concerns over inflation and economic impact.

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