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The Latest Breaking News from Oil

Three lesser-known Greek and Cypriot recipes to try this summer

Award-winning food writer Georgina Hayden shares the lesser-known Greek and Cypriot dishes she thinks deserve more attention this summer – from slow-cooked tava and vegetable yiahni to comforting one-pan moussaka and churros-inspired breakfasts, writes Eleanor Fleming

The Independent UK

Traders keep focus on oil prices, RBI moves as rupee treads water

The Indian rupee remained stable on Wednesday, supported by central bank intervention in spot and forward markets. Dollar sales from state-run banks prevented a significant fall, while forward premiums cooled due to swaps. A slump in crude oil prices also provided some relief to the rupee.

The Economic Times

Fired BP chair disputes oil company’s claims of poor conduct

Albert Manifold says he was removed without warning and ‘will not allow a false narrative to go unchallenged’

The Guardian - UK

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Join the extra virgin olive oil rush: liquid gold for your mind and body

Polyphenols in extra virgin olive oil may be behind its extraordinary health benefits, writes Giulia Crouch

Evening Standard

Stock Index Futures Climb on AI Optimism and U.S.-Iran Peace Deal Hopes

June S&P 500 E-Mini futures (ESM26) are up +0.36%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.56% this morning as optimism surrounding artificial intelligence and hopes for a U.S.-Iran peace deal boosted sentiment.

Barchart

Global power equations to shift further towards energy, critical minerals: Former Vedanta Group CEO

Global power is shifting towards energy security and resource control. Geopolitical tensions are reshaping industrial supply chains. Critical minerals are becoming as vital as oil was. Countries controlling these resources will gain leverage. India must accelerate domestic exploration and build processing ecosystems. Future economic strength depends on securing energy and…

The Economic Times

What should you do with your gold investments amid delay in US-Iran deal, high oil prices and inflationary concerns

Gold prices on MCX slipped amid rising geopolitical tensions, elevated crude oil prices and inflation concerns linked to the delayed US-Iran deal. Experts advise investors to avoid panic selling and instead hold or accumulate gold in phases during dips. Financial gold options like ETFs and mutual funds are preferred. Analysts…

The Economic Times

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Potential U.S.-Iran Deal Could Reshape Global Oil Trade After Months Of War: Report

The conflict has disrupted global energy flows, pushed oil prices higher and renewed concerns about the security of one of the world's most important shipping routes.

International Business Times

India's households lose Rs 12.6 lakh crore in brutal Q4 equity selloff as FIIs flee

The report said the ownership gap between individuals and FPIs has reversed sharply over the last decade. "In March 2014, the gap stood at 11 percentage points in favour of FPIs. It has now reversed to 2.9 percentage points in favour of individuals."

The Economic Times

Hafnia Q1 Earnings Call Highlights

Hafnia (NYSE:HAFN) reported a sharply higher first-quarter 2026 profit as management said geopolitical disruption and tighter tanker availability drove freight rates higher across the product tanker market. Chief Executive Officer Mikael Skov said the quarter was “transformative” for the tanker ind

MarketBeat

Sali Hughes on beauty: Rejoice! The most beloved cleanser in history is back in the UK

Shu Uemura’s legendary Ultime8 face cleanser has made a return. Plus four more excellent options

The Guardian - UK

Ousted BP chief Albert Manifold hits out at ‘false narrative’ after sacking

BP’s board removed him with immediate effect, reporting ‘serious concerns’ related to his conduct, oversight and governance at the oil giant, which he disputes

The Independent UK

The Slow-Motion Oil Crisis Nobody Sees Coming

Oil markets can absorb a shock for a while. The real test comes weeks later, when pre-crisis cargoes stop arriving, and BGN Group's flexible supply chains become essential.

International Business Times

World shares are mostly higher, tracking Wall Street's fresh records, and oil prices fall

Asian shares are mostly higher and oil prices have fallen after the U.S. stock market rose to more records

AAP

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The National (Scotland)

Millions face higher energy bills as UK price cap rises

Ofgem will raise the energy price cap by 13 per cent from July due to the ongoing conflict in the Middle East, the regulator has announced ...

The Economic Times

Drone incursions sow fear, chaos along NATO's Baltic and Finnish borders

Military drones are entering the airspace of Finland, Estonia, Latvia, and Lithuania. These incidents raise concerns about the war in Ukraine impacting NATO's northern borders. Ukraine's long-range attacks on Russian oil ports have led to some drones missing targets. This has caused security warnings and even government collapse in Latvia.…

The Economic Times

Oil shock fears ease, but $80-$90 crude may be the new normal: Arvind Sanger

Oil prices may remain high for months, according to market expert Arvind Sanger. While extreme price surges are less likely, consumers should prepare for elevated energy costs. Geopolitical tensions and supply chain issues will keep crude firm. India faces relief from price volatility but needs stronger domestic growth drivers beyond…

The Texas Tribune

Bo French defeats Railroad Commissioner Jim Wright in GOP primary runoff

Gov. Greg Abbott, Lt. Gov. Dan Patrick and House Speaker Dustin Burrows all supported French’s opponent.

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The Guardian - UK

US-Israel war on Iran driving historic levels of global hunger, UN says

Conflict and cuts in funding have left World Food Programme ‘taking from the hungry to feed the starving’

The Economic Times

Behind the petrol pump: Why fuel retailers losing Rs 7-8 per litre need $85 crude oil to stop bleeding cash

Oil companies face continued losses of Rs 7-8 per litre on petrol and diesel, with a breakeven point only at crude prices of $85-87 a barrel. Despite recent price hikes, government reluctance to reverse duty cuts and fiscal pressures mean OMCs are absorbing the pain, potentially impacting non-defence capital expenditure.

The Economic Times

Global Market: BOJ’s Ueda warns oil shocks can trigger lasting inflation if wages and expectations rise

Central banks must consider broader economic factors beyond isolated oil price movements, as temporary energy shocks can fuel persistent inflation if they influence wages and pricing behavior. Governor Ueda highlighted that the impact of oil price surges depends on prevailing inflation expectations and wage growth trends, with lessons drawn from…

The Economic Times

Siddharth Vora sees broad-based recovery after 1-2 quarters of pain; bets big on metals, stays cautious on quick commerce

Siddharth Vora, Head of Quantitative Investment Strategies at PL Asset Management, is confident in his fund's metals-heavy portfolio. He sees a potential shift in market trends as key macro indicators like crude oil and bond yields may have peaked. This could lead to a rotation into consumer-facing and energy-intensive businesses.

The Conversation

Interest rates look set to hold, after inflation and fuel costs fell in April. But it’s unlikely to last

Inflation actually fell in Australia last month, thanks to temporary government fuel discounts that saw fuel prices come down by 7% from their record peaks in March.

The Economic Times

India says 10 sailors, detained in 2025, released by Iran

Ten Indian sailors have been released from Iran. They were detained on an oil tanker in July 2025. India's shipping authorities confirmed their safe return. Diplomatic engagement led to their freedom. Arrangements are being made for their return to India. This follows a period of detention near Jask Port.

The Independent UK

Asian shares are mostly higher, tracking Wall Street's fresh records, and oil prices fall

Asian shares are mostly higher and oil prices have fallen after the U.S. stock market rose to records

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