The Latest Breaking News from Oil

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Global oil demand will fall slightly in 2030, its first drop since the 2020 Covid pandemic, the International Energy Agency said Tuesday.

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Shares slide and crude oil prices bounce higher as Israel warns people in Iran's capital to evacuate.

Here’s a snapshot of the action this morning prior to the opening bell in New York.

Germany’s economic sentiment soared to 47.5 in June, its highest since March, driven by stronger demand and policy support. But European stocks fell as Israel-Iran tensions escalated, oil prices rose, and investors awaited the Fed’s policy decision.

The Middle East is bracing for another protracted conflict after Israel's surprise bombardment on Friday of Iranian nuclear and military sites killed several of the country's top generals and nuclear scientists. Iran has responded with strikes on Israel. As the situation escalates, there are concerns about the global impact. RFI…

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Rolling coverage of the latest economic and financial news

Donald Trump’s sudden exit from the G7 summit put markets on edge today as the FTSE 100 index fell back and oil prices resumed their ascent.

A dangerous new phase of hostilities has erupted between Iran and Israel, drawing international concern amid fears of a wider regional war. Beyond the immediate devastation, the conflict has also sparked global alarm over its potential to destabilise critical energy corridors.