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The Latest Breaking News from Oil

The ‘imminent’ oil crisis isn’t at the pump—it's under your hood

The U.S. is increasingly reliant on the Middle East for the specific base oils that comprise most modern motor oils and lubricants.

Fortune

Global stocks rise and oil price slips amid hopes of US-Iran peace deal - as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

India steers boat through a risky channel between war clouds and El Nino

India faces a challenging global economic outlook for 2026-27. Geopolitical tensions and volatile oil prices are key concerns. However, India is building resilience through infrastructure, manufacturing incentives, and reduced import dependence. The nation is positioning itself as an investment destination amidst global uncertainty. Domestic demand and strategic initiatives offer a…

The Economic Times

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Indian bonds nudge up on oil dip; debt sale weighs

Indian government bonds saw a slight increase, mirroring U.S. Treasuries as falling oil prices eased inflation concerns. However, gains were tempered by an upcoming debt auction. The 10-year yield is poised for its largest weekly decline in eight weeks, with traders awaiting the Reserve Bank of India's policy decision.

The Economic Times

Iran-US war latest: Trump says naval blockade in Hormuz will be lifted and pledges ‘final decision’ on peace deal

Iran still has not lifted its blockade and insists there is no clause requiring Tehran to forego costly tolls, according to Iranian media

The Independent UK

Global Market: Japan inflation remains below BOJ target as energy costs rise

Tokyo's inflation eased for a sixth month in May, staying under the Bank of Japan's target. Government subsidies helped cushion rising global energy costs. Meanwhile, Japan's factory output rebounded in April, driven by AI-related demand. Policymakers watch these trends closely as they consider future interest rate decisions amid global economic…

The Economic Times

8 Best Omega-3 Supplements of 2026, Ranked by EPA/DHA Potency, Purity & Third-Party Testing

This review ranks the top 8 options based on EPA/DHA concentration, molecular form, certification standards, and expert input.

Medical Daily

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Rupee rises 5 paise to 95.53 against US dollar in early trade

The Indian Rupee gained ground against the US Dollar today. This rise follows an agreement between the US and Iran to extend a ceasefire. Forex traders believe this will ensure continued trade through the Strait of Hormuz. Stable oil prices offer relief to India, an oil-importing nation. However, foreign investment…

The Economic Times

From Adani Green to Tata Tech: 50 companies swing back to profit in Q4 despite market turmoil

Indian companies show strong recovery. Over 50 firms moved from losses to profits in the March quarter. This turnaround happened despite market volatility and global concerns. Sectors like telecom, auto, and pharma saw significant gains. This signals resilience in India's corporate sector. Many businesses improved operations and profitability.

The Economic Times

Cuba used to have European friends – there’s a reason why even now they have deserted it too

Traditional allies are embroiled elsewhere while even Spain and France have bigger fish to fry with Trump says Paul Taylor of the European Policy Centre

The Guardian - UK

Sensex rises 220 points, Nifty nears 24,000 on Iran-US ceasefire extension reports

Indian stock markets opened muted but recovered on Thursday morning. Investors assessed Middle East political developments. Declining oil prices provided a boost. IT stocks led gains on the Sensex. Broader markets also traded in the green. Foreign investors remained net sellers of Indian equities on Wednesday.

The Economic Times

Asian shares are mostly higher on hopes for a winding down of the Iran war

Asian shares are mostly higher on expectations of a deal between the U.S. and Iran to extend their ceasefire in their war by 60 days

AAP

Oil prices dip as tentative US-Iran deal awaits Trump’s final approval

Analysts warned that any potential ceasefire extension should be viewed cautiously

The Independent UK

Japan, S Korea stocks hit records on US-Iran deal hopes

Stock markets in Japan and South Korea closed at record highs on reports the US and Iran have reached an agreement to extend their ceasefire.

AAP

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The Economic Times

Oil Price Today (May 29): Crude oil falls as peace deal hopes offset constant tensions. What are experts saying?

Oil prices saw a slight dip on Friday. Hopes for a U.S. and Iran ceasefire extension are influencing the market. U.S. Vice President JD Vance indicated progress but noted unresolved issues. Geopolitical tensions remain high. Analysts suggest a prolonged Strait of Hormuz closure could impact global oil markets significantly.

The Economic Times

Dollar heads for weekly loss on reports of US-Iran ceasefire deal

The dollar weakened against major currencies as reports indicated a potential U.S.-Iran agreement to extend a Middle East ceasefire and lift Strait of Hormuz shipping restrictions. This development, pending presidential approval, led to falling oil prices and reduced demand for the safe-haven dollar, with the euro and pound seeing modest…

The Economic Times

Oil falls slightly on reports of potential US-Iran ceasefire deal

Oil prices saw a slight dip amid hopes for a U.S.-Iran ceasefire extension. Vice President JD Vance indicated progress but stated a deal is not yet finalized. This news has kept oil prices from falling further. Discussions are ongoing regarding Iran's nuclear program and uranium stockpiles. The Strait of Hormuz…

The Economic Times

Global Market Today: Asian stocks rise on US-Iran truce deal, oil drops

Asian markets saw gains as oil prices fell following a tentative US-Iran ceasefire extension. This development eased concerns about energy flow disruptions. Optimism surrounding artificial intelligence also boosted stock markets. However, rising inflation and a cooling economy present challenges for investors. The Federal Reserve's flexibility is limited by persistent price…

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The Economic Times

GIFT Nifty signals muted start for Dalal Street amid cautious trade

Indian markets traded flat on Wednesday, influenced by derivatives expiry and geopolitical tensions. Analysts suggest a cautious recovery hinges on stable crude oil prices and receding energy supply concerns. However, renewed US-Iran tensions and military strikes have revived geopolitical risk premiums, narrowing the path for further gains.

AAP

Valvoline™ Restore & Protect Awarded 2026 Most Innovative New Aftermarket Product (Performance)

BAULKHAM HILLS, Australia, May 29, 2026 /PRNewswire/ -- Valvoline™ Global Operations, The Original Engine Oil[i] and worldwide leader in automotive and industrial solutions announced that its Restore & Protect engine oil has been named 2026 Most Innovative New Aftermarket Product (Performance) winner at the Australian Auto Aftermarket Innovation Awards. Judged…

The Conversation

As global fuel risk rises, NZ Budget 2026 puts roads first – again

Three months into the war in Iran, the largest disruption to New Zealand’s oil supply in living memory appears to have done nothing to change the government’s approach to transport.

Barchart

Soybeans Post Gains on Product Strength

Soybeans closed with Thursday gains of 9 ¼ to 15 ¼ cents at the close. The cmdtyView national average Cash Bean price was up 9 1/4 cents at $11.34. Soymeal futures were up $1.10 to $3.80, with Soy Oil futures 86 to 147 points higher. Export Sales data will be...

Barchart

Cotton Posts Thursday Gains

Cotton futures saw Thursday gains of 46 to 99 points across most contracts. The US dollar index was $0.194 lower at $98.955. Crude oil was down 15 cents at the close as several outlets were reporting the US and Iran were coming to an agreement to open the Strait of...

Barchart

Wheat Pulls Off Lows into the Close

The wheat complex saw some late session strength on Thursday. Chicago SRW futures were fractionally to 1 ½ cents higher. KC HRW futures were 3 to 5 cents in the red at the close. MPLS spring wheat was down 2 to 3 1/2 cents on the session. Crude oil was...

The Independent UK

Water shortages worsen across Cuba as oil supplies dwindle

Nearly 3 million Cubans are experiencing water shortages every day because of a severe oil shortage that government officials blame on a U.S. energy blockade

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