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The Latest Breaking News from Oil

Iranian President Masoud Pezeshkian leaves Iraq for Tehran after US strikes

US-Iran war news: Iranian President Masoud Pezeshkian departed Iraq after attending funeral rites for Ayatollah Ali Khamenei. US Central Command forces launched powerful strikes against Iran in response to vessel attacks. Explosions were reported near Sirik and Qeshm in southern Iran following these strikes. The US Treasury Department also cancelled…

The Economic Times

Oil Price Today (July 8): Crude oil flares up over 5% as ‘powerful’ US strikes on Iran revive supply fears. What’s unfolding?

Brent crude futures climbed $1.62, or 2.16%, to $76 a barrel, while U.S. West Texas Intermediate crude gained $1.63, or 2.31%, to $72 a barrel. Both benchmarks had already advanced about 3% on Tuesday after the United States withdrew the general licence that had allowed the sale of Iranian crude…

The Economic Times

Why Your Bridal Mehendi Skin Prep Should Start 3 Months Before the Wedding Ceremony

Why the Colour Starts Long Before the ConeHenna dye, lawsone, binds to the keratin protein in the outermost layer of your skin. The richer that layer, the deeper the molecule penetrates, and the darker the stain. Skin that is dehydrated, exfoliated too aggressively, or stripped by harsh soaps has a…

Times Life

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The Pre-Wedding Skincare Mistakes That Leave Indian Brides With Dull Skin on the Big Day

Starting a New Routine Too Close to the WeddingThe single most common bridal skincare mistake happens around the two-month mark: a bride reads about a vitamin C serum or a retinol cream, buys it, and starts using it immediately. Skin takes four to six weeks to adjust to any active…

Times Life

Bitcoin Flat, Ethereum, XRP, Dogecoin Dip as US Strikes Iran: Analyst Spots Dollar-Cost Averaging 'Opportunity' in BTC

Leading cryptocurrencies and stocks fell on Tuesday after U.S. strikes on Iran and the revocation of the oil sanctions waiver rattled investors.

Benzinga

Gold eases as fresh US-Iran tensions lift oil prices, rate-hike bets

Gold prices fell to a near-weekly low as U.S. strikes on Iran boosted oil and the dollar. Higher interest rate expectations are pressuring the non-yielding precious metal. China's central bank reported its largest monthly gold reserve increase in over two years. Hong Kong authorities unveiled measures to bolster currency and…

The Economic Times

The Saturn Return in Vedic Astrology and Why Your Thirties Feel Like a Reckoning

Shani Does Not Arrive Without WarningYou probably felt it before you had a name for it. A relationship that had been quietly wrong for years suddenly became unbearable. A job that looked fine on paper started costing you something you couldn't replace. A version of yourself you'd been performing, the…

Times Life

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Strait of Hormuz Tensions Flare Again as US Strikes Iran Over Attack on Ships: Oil Climbs, Dow Futures Head Lower

Late Tuesday, U.S. military strikes on Iran renewed fears of a wider Middle East conflict, sending oil prices higher and weighing on equity futures as investors monitored the security of the Strait of Hormuz, one of the world’s most critical energy shipping routes.

Benzinga

Global Market Today: Oil rises, Asian stocks steady as US strikes Iran

Oil prices surged as the United States conducted airstrikes and revoked waivers for Iran. Asian stocks remained largely unchanged while investors assessed the geopolitical situation. S&P 500 and Nasdaq futures showed slight gains after earlier declines in US markets. Renewed tensions risk energy market disruptions and undermine the recent US-Iran…

The Economic Times

US and Iran threaten return to war after fiercest exchange of fire since truce

Ceasefire appears close to unravelling after three commercial vessels are hit and two militaries target each other

The Guardian - UK

Iran vows 'crushing response' after US strikes around Strait of Hormuz

Iran has vowed a crushing response to fresh United States attacks. State media reported multiple explosions across the Strait of Hormuz region. The United States revoked a temporary sanctions waiver on Iranian oil sales. Three commercial tankers were struck in the Strait of Hormuz. These incidents occurred off the coast…

The Economic Times

US reinstates sanctions on Iranian oil sales after LNG, oil tanker attacks

United States reimposed sanctions on Iranian oil sales Tuesday. This action followed attacks on vessels in the Strait of Hormuz. The U.S. Treasury had previously authorized sales until August 21. Tuesday's revocation shortens this wind-down period to July 17. Oil prices rose more than five percent after the announcement.

The Economic Times

US resumes strikes on Iran with over 80 targets hit; revokes oil waiver

United States forces launched strikes targeting over eighty Iranian military sites. These actions followed attacks on three commercial vessels near the Strait of Hormuz. Iran's foreign ministry issued a warning of retaliation for the military action. Washington also revoked an oil license which had allowed Iran to sell crude. Oil…

The Economic Times

Dollar at week-high after US resumes attacks on Iran

The dollar reached its highest weekly level against peers amid renewed U.S. strikes on Iran. Geopolitical tensions escalated, and oil prices saw an increase following the attacks. Concerns over peace deal stability reemerged after Iran's actions in the Strait of Hormuz. Global yields jumped higher as inflation outlook worries intensified…

The Economic Times

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The Economic Times

US oil prices jump after US military launches strikes against Iran

U.S. oil prices increased significantly after military strikes against Iran. These actions followed Iranian attacks on three commercial vessels in the Strait of Hormuz. A Qatari liquefied natural gas tanker reported being struck by a drone. Maritime security sources indicated a Saudi-flagged crude oil tanker was also damaged. Fears of…

The Independent UK

US launches fresh strikes against Iran after tankers hit in Strait of Hormuz

The attacks came just hours after Washington also pulled Tehran’s license to sell oil, which was only approved last month

Barchart

Cotton Extends Rally to Tuesday, Nearing Limit Gains

Cotton 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 the Strait of Hormuz overnight. The US responded by revoking waivers authorizing Iran...

Barchart

Soybeans Post Late Session Gains on Tuesday

Soybeans found late session strength to post 2 to 9 ¾ cent gains, as nearby July was up 14 ½ cents. The cmdtyView national average Cash Bean price was up 10 1/4 cents at $11.46. Soymeal futures were $2.30 to $3.40 higher across most contracts, with Soy Oil futures 32...

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The Independent UK

US launches new strikes against Iran hours after revoking oil license

The military operations came hours after three tankers were reportedly struck by projectiles on Tuesday in the Strait of Hormuz

Barchart

Stock Indexes Fall as Chip Stocks Sink and Crude Soars

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -0.45%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.25%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.77%. September E-mini S&P futures (ESU26 ) fell -0.52%, and September E-mini Nasdaq futures...

International Business Times

Stocks Drop As Chipmakers Fall Again; Oil Climbs With Renewed Tensions At The Hormuz Strait

Stocks dropped on Tuesday as chipmakers tumbled again. Oil climbed following renewed tensions between the U.S. and Iran, with the former revoking a sanctions waiver following Tehran's attacks against ships crossing through the Strait of Hormuz.

International Business Times

U.S. Revokes Iran Oil Sanctions Waiver After Tanker Attacks, Now Pressure Escalates on Tehran

The move follows a series of attacks on commercial tankers in and around the Strait of Hormuz that U.S. officials blamed on Iran, marking a sharp reversal in Washington's approach toward the Islamic Republic.

Barchart

Dollar Edges Up on Weak Stocks and Crude Oil Strength

The dollar index (DXY00 ) rose by +0.24% on Tuesday. The dollar rose on Tuesday amid weakness in stocks, boosting liquidity demand for the currency. Also, higher crude oil prices on Tuesday pushed up inflation expectations and could persuade the Fed to keep monetary policy tight, a supportive factor for...

Barchart

Crude Oil Prices Sharply Higher on Supply Disruptions

August WTI crude oil (CLQ26 ) on Tuesday closed up +1.89 (+2.76%), and August RBOB gasoline (RBQ26 ) closed down -0.0494 (-1.64%). Crude oil and gasoline prices settled mixed on Tuesday. Crude oil prices jumped following attacks on shipping in and around the Strait of Hormuz. Gasoline prices retreated on...

AAP

Power shift: Australia could cut fossil fuel shocks

Investing in two renewable energy sources could help boost Australia's fuel security, a study has found, but drilling for oil is no solution.

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