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The Latest Breaking News from Oil

Russia bans diesel exports to ensure domestic supply after targeted Ukrainian drone strikes

Russia has banned diesel exports to support its domestic fuel market. This action follows Ukrainian drone attacks on oil refineries causing shortages. Drivers are experiencing long queues at filling stations across many regions. The export ban will remain in place until the end of July. Russia plans to begin importing…

The Economic Times

Oil Stocks Rally, S&P 500 Plunges As Iran Ceasefire Sinks: Stock Market Today

U.S. stocks fell for a second straight session on Wednesday as surging energy prices rekindled inflation fears and pushed Treasury yields higher, with equities sliding after President Donald Trump declared the June ceasefire with Iran “over.”

Benzinga

Are US-Iran headed back to war? What next after Trump's new threats

US President Trump's comments have intensified the US-Iran crisis with new threats. He is now considering attacks on Iran's power and water infrastructure. Iran has vowed a strong response to any aggression against its sovereignty. Gulf states are likely to push for renewed diplomatic negotiations between both nations. The situation…

The Economic Times

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Crude Oil Prices Soar on Escalation of US-Iran Hostilities

August WTI crude oil (CLQ26 ) today closed up +5.23 (+7.41%), and August RBOB gasoline (RBQ26 ) is up +0.1956 (+6.62%). Crude oil and gasoline prices are surging today, with crude rising to a 2-week high and gasoline climbing to a 1-month high. Crude prices are soaring amid escalation of...

Barchart

Nigel Farage is a ‘snake oil salesman’ for by-election plan, says Carol Vorderman

IN FULL

The Independent UK

Jackdaw ‘will not materially influence’ emissions, says owner

The document was published as a consultation into the proposed North Sea oil field was launched.

Evening Standard

Oil prices rise sharply after Iran launches attacks on tankers near strait of Hormuz

Brent crude benchmark rose to more than $80 a barrel, its steepest increase since ceasefire began

The Guardian - UK

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Stocks Retreat on US-Iran Jitters

The S&P 500 Index ($SPX ) (SPY ) today is down -0.79%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -1.44%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.61%. September E-mini S&P futures (ESU26 ) are down -0.77%, and September E-mini Nasdaq futures...

Barchart

Iran ceasefire was always going to break – here’s why

Less than a month after a ceasefire was signed between the US and Iran, conflict has returned to the Middle East. The peace agreement Donald Trump signed at the palace of Versailles in France on June 18 – which he hailed as Iran’s “unconditional surrender” – is now, in the…

The Conversation

Strait of Hormuz Crisis: Oil Surges 6% After Iranian Forces Attack Three Tankers, Prompting US Retaliation

Oil prices surged over 6% following attacks on tankers in the Strait of Hormuz, causing U.S. stocks to retreat amid fears of escalating tensions between Washington and Tehran.

International Business Times UK

Oil workers set to strike after 'pitiful' pay offer from largest North Sea firm

Around 50 North Sea oil and gas workers will take strike action over a pay dispute, their union has announced

The National (Scotland)

Oil shoots up as Trump says Iran ceasefire ‘over’

LONDON - Oil prices soared anew and stock markets slid on Wednesday after US President Donald Trump said the ceasefire with Iran was over, following renewed strikes in the Middle East.

Bangkok Post

Dollar Climbs on Escalation of Middle East Hostilities

The dollar index (DXY00 ) is up by +0.09% today. The dollar is supported by today’s equity market slump, which has boosted liquidity demand for the currency. Also, higher crude oil prices today have pushed up inflation expectations and could persuade the Fed to keep monetary policy tight, a supportive...

Barchart

Stocks Pressured as US-Iran Hostilities Resume

The S&P 500 Index ($SPX ) (SPY ) today is down -0.49%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.96%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.19%. September E-mini S&P futures (ESU26 ) are down -0.49%, and September E-mini Nasdaq futures...

Barchart

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MarketBeat

3 Beaten-Down Trades That Could Pay Off in a Market Correction

Chris Rowe of True Market Insiders sees signs of a possible market correction and is positioning in GDXJ, XME and Battalion Oil to play a rotation into oversold metals and an oil headline hedge.

Salon

The creamiest lemon pasta salad

Whipped cottage cheese gives this sunny summer salad protein paired with plenty of fresh citrus

The Economic Times

Is an Iran deal 'over' and war back on? A timeline of the conflict and talks

Global markets and oil prices lurched after the United States and Iran traded new strikes. The conflict threatened lives throughout the region and foreign residents of Gulf nations. A fragile ceasefire was reached and later extended, but fighting resumed. An interim deal was signed, but tensions remained high. The war…

The Independent UK

Is an Iran deal ‘over’ and war back on? A timeline of the conflict and talks

Global markets and oil prices have been shaken after the United States and Iran exchanged new strikes and President Donald Trump suggested that negotiations between the countries might be “over.”

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news in one place.

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inkl

Oil Prices Slide as Markets Bet on Hormuz Normalization

Brent and WTI oil prices are on track for their worst quarterly losses since 2020, with Brent trading at around $73.30 per barrel and WTI at $71.11 per barrel during the June 30 session, down 38% and 30% respectively.

The Economic Times

Damaged Qatari LNG tanker awaits salvage after strike as Hormuz risks escalate

A Qatari LNG tanker remains stuck off Oman after being hit by a projectile. U.S. forces reported two other tankers were targeted by Iran recently. These attacks prompted the U.S. to revoke Iran's oil sales license. Global oil prices jumped significantly following these developments. The U.N. shipping agency condemned the…

The Independent UK

UK inflation to fall faster than predicted as impact of Iran war ‘better than feared’

UK inflation projections have been tempered by the interim US-Iran peace deal, which helped to ease oil prices

The Times of India

Ukraine says drones hit three Russian oil refineries, tankers in major overnight strikes: watch

Ukraine executed a series of drone attacks that meticulously targeted Russian oil refineries and military installations. These aggressive operations extended into Russian territory, affecting key sites in Tatarstan and Saratov. Despite Russian air defenses intercepting numerous drones during these raids, Russia retaliated with its own missile and drone strikes across…

Barchart

Cotton Slipping Back on Wednesday Morning

Cotton prices are down 19 to 28 points so far on Wednesday morning trade. Futures closed with contracts 99 to 299 points higher, with some contracts hitting the three cent limit at the high. The outside markets were mixed, as Crude oil was up $3.65 following Iran striking vessels in...

Fortune

Current price of oil as of July 8, 2026

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

International Business Times

Trump Said The Ceasefire With Iran Is Over. Oil Prices Are Immediately Soaring

Oil is surging on Wednesday after President Donald Trump said the ceasefire with Iran is over.

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