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The Latest Breaking News from Oil

Oil and milk prices to spill the tea on inflation story

The Australian Bureau of Statistics will this week release inflation and employment figures for May and a senior Reserve Bank official will speak.

AAP

AAP Rolling News Bulletin June 21, 1200

AAP Rolling News Bulletin for June 21 at 1200

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AAP Rolling News Bulletin June 21, 1130

AAP Rolling News Bulletin for June 21 at 1130

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AAP Rolling News Bulletin June 21, 1100

AAP Rolling News Bulletin for June 21 at 1100

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AAP Rolling News Bulletin June 21, 1030

AAP Rolling News Bulletin for June 21 at 1030

AAP

Woman Goes In For An Oil Change. Then Her Mechanic Calls Her And Says It’ll Cost $10,000: ‘What Makes You Think I Have $10,000?’

'A shop did this to me...'

Motor1

AAP Rolling News Bulletin June 21, 1000

AAP Rolling News Bulletin for June 21 at 1000

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AAP Rolling News Bulletin June 21, 0930

AAP Rolling News Bulletin for June 21 at 0930

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AAP Rolling News Bulletin June 21, 0900

AAP Rolling News Bulletin for June 21 at 0900

AAP

US Brands Itself 'Guardian Angel' of Middle East as Trump Warns Iran 'No Tolls in the Hormuz Strait'

The US warns Iran against imposing tolls in the Hormuz Strait, amid conflicting claims over its control and upcoming nuclear negotiations, impacting global oil supply and economic stability.

International Business Times UK

AAP Rolling News Bulletin June 21, 0830

AAP Rolling News Bulletin for June 21 at 0830

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AAP Rolling News Bulletin June 21, 0800

AAP Rolling News Bulletin for June 21 at 0800

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AAP Rolling News Bulletin June 21, 0730

AAP Rolling News Bulletin for June 21 at 0730

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AAP Rolling News Bulletin June 21, 0700

AAP Rolling News Bulletin for June 21 at 0700

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AAP

JD Vance departs for Switzerland as White House looks to get talks with Iran back on track

U.S. Vice President JD Vance has left for Switzerland as the White House looks to get negotiations with Iran back on track

AAP

AAP Rolling News Bulletin June 21, 0630

AAP Rolling News Bulletin for June 21 at 0630

The Guardian - AU

Petrol prices in Australia are now lower than before the Iran war began. Is the oil crisis over and what happens next?

Fuel suppliers outside the Middle East have proved to be much more flexible than analysts expected – and China surprised everyone

AAP

Ukraine targets fuel depot in Russian-occupied Crimea

At least four people have been killed in Ukrainian drone attacks on the Russian-occupied Crimean Peninsula, amid reports of fires at a major fuel depot.

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The Mary Sue

Pump Prices Offer a Rare Reprieve for Drivers, Yet the Volatile Trade-off With Tehran Could Force Consumers to Pay in Other Ways

If you’re filling up your tank this weekend, savor the savings because they might not last.

The Independent UK

Iran closes Strait of Hormuz after accusing US and Israel of breaching ceasefire

On Saturday, Tehran warned ships not to approach the waterway, a vital conduit for global oil and gas supplies

Fortune

Shipping companies will decide when the Strait of Hormuz is truly open—not the U.S. or Iran—and the latest deal is already sowing confusion

"Will the Iranian announcement be enough to deter them? Or will Iran need to resort to force and directly violate the MOU's terms?"

International Business Times

Hormuz Shut, Lebanon In Dire Straits, Peace Talks Steer To Swiss Setting

Iran said on Saturday it has shut the Strait of Hormuz just days after a peace deal to end hostilities in the Middle East was signed with the US, in response to Israeli strikes in Lebanon that killed dozens.

The Economic Times

No real spike in petrol, diesel prices in India despite global crude oil market volatility: Hardeep Singh Puri

Addressing a press conference during his visit to Sonbhadra as part of the Centre's campaign marking 12 years of the Narendra Modi government, Puri further said that Sonbhadra in Uttar Pradesh is shedding its image of being a backward region and is moving towards becoming a model district.

The Economic Times

Iraq projects oil production to return to pre-war levels within two months

Iraq anticipates a swift return to pre-war oil production levels within two months, following a recent US-Iran deal that eased the Strait of Hormuz blockade. The conflict had severely impacted exports, forcing production cuts. As shipments resume through the vital waterway, Iraq's oil ministry is optimistic about restoring its significant…

MarketBeat

MarketBeat Week in Review – 06/15 - 06/19

Markets closed a shortened week higher as lower oil prices and a rally in chip stocks outweighed concerns about future Fed policy.

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