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The Latest Breaking News from Oil

Any relief rally in markets likely limited and temporary: David Roche

Global markets are reacting prematurely to geopolitical shifts, according to macro strategist David Roche. He argues that recent oil and equity market moves reflect speculation rather than a confirmed resolution, with any potential deal being structurally weak and unlikely to address core strategic issues.

The Economic Times

FED:Australian shares advance on US-Iran optimism

Oil prices have started the week sharply lower, boosting risk sentiment and local equities, led by miners, IT stocks and consumer discretionaries.

AAP

Tehran expresses ‘resolute support’ for Hezbollah – as it happened

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The Guardian - AU

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Congress calls fuel hikes "silent tax on households", accuses govt of "corporate protection racket"

Fuel prices have risen for the fourth time in ten days. Congress leaders condemn these increases as a silent tax on Indian households. They accuse Prime Minister Narendra Modi of prioritizing corporate interests over public welfare. These hikes impact daily essentials and household budgets across the nation.

The Economic Times

Hormuz control: Iran says managing strait is ‘legal right’ amid ceasefire talks with US

A senior adviser to Iran’s Supreme Leader Mojtaba Khamenie has asserted that Tehran holds the legal right to manage the Strait of Hormuz, one of the world’s most strategically important oil shipping routes, as nuclear negotiations between Iran and the United States enter a crucial phase.

The Times of India

Many biofuels haven’t panned out. Could algae make the clean diesel and aviation fuel Australia needs?

Diesel is critical to Australia. Any supply disruption has immediate and widespread consequences, given Australia imports almost 80% of its liquid fuels. As the energy shocks of the Iran war ripple out, Australia’s leaders have scrambled to shore up supplies of fuel – especially diesel and aviation fuel.

The Conversation

How One Mistake Destroyed Vikramaditya’s Kingdom

Power can make a king fearless. But sometimes, even the mightiest ruler forgets that pride can quietly destroy everything. The story of King Vikramaditya and Shani Dev is not just an old mythological tale it is a powerful lesson about ego, patience, suffering, and destiny. One mistake. One moment of…

MyLifeXP

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US Stock Market: Bond market pressure tests Trump as Iran conflict fuels yield surge

Rising U.S. Treasury yields and surging oil prices are creating economic risks for the White House, impacting inflation and consumer borrowing costs. Market anxiety intensified amid geopolitical tensions with Iran, complicating the Federal Reserve's inflation concerns and potentially affecting the November midterm elections.

The Economic Times

Silver soars Rs 5,000/kg, gold nears Rs 1.6 lakh/10 grams on US-Iran peace deal progress. Right time to buy?

Gold and silver prices rallied on MCX on Monday amid a weaker dollar and easing crude oil prices, as optimism grew over a possible U.S.-Iran peace deal. MCX silver futures for July 2026 delivery surged 1.8% or Rs 5,042 to Rs 2,76,888 per kg, while June 2026 gold futures climbed…

The Economic Times

Why market rallied today? Sensex jumps 1,074 points, Nifty closes above 24,000. 5 factors behind surge

Indian stock markets surged on Monday, with Sensex and Nifty rallying over 1% each, driven by rising hopes of a US-Iran peace deal and falling oil prices. The optimism was broad-based, with key sectors like Auto leading the gains, while global markets also showed a positive trend.

The Economic Times

Ukraine-Russia war latest: Moscow warns foreign citizens to leave Kyiv after threatening more revenge attacks

At least four people were killed in the mass attack of Ukraine’s capital on Sunday

The Independent UK

10 Rarest Cats On Earth You’ll Hardly Ever See

When people think of cats, they usually imagine sleepy pets stretching on couches or tiny kittens chasing shadows around the house. But beyond the world of domestic cats exists another reality a hidden world filled with mysterious wild felines so rare that most humans will never see them in their…

Times Pets

Japan's Nikkei jumps past 65,000 mark for first time on Iran talks optimism

Japan's Nikkei share average reached a historic milestone, surpassing 65,000 for the first time. Optimism surrounding a potential peace deal in Iran fueled demand for risk assets. This surge reflects improved market sentiment. Shares related to the AI sector saw significant gains. The broader Topix also climbed. This development marks…

The Economic Times

Iran-US war latest: America launches fresh airstrikes on Iranian missile launch sites and mine-laying boats

Marco Rubio says the US will either have a good agreement with Iran or deal with the country ‘another way’

The Independent UK

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AAP

Stocks rally, oil and dollar ease on Mideast peace hope

The Nikkei has surged to a record high and US stock futures have gained as hopes for an end to the war in the Middle East fuel investors' risk appetite.

The Economic Times

‘Why are petrol, diesel prices rising despite OMCs’ super profits?’ Congress MP Manish Tewari slams fourth hike

"Why @HardeepSPuri Why ? State Run Oil Marketing Companies ( OMC's) made whopping profits in FY 2025 -26 . The Three OMC's made a cumulative profit of Rs . 77,280.65 crores a 130% jump over FY 2024-25. Even in (Quarter 4, Jan -March 2026) Q-4 2025-26 when Isreal and US…

The Economic Times

BPCL, HPCL and IOC shares soar up to 6%. Here are two big triggers

Indian oil stocks surged as crude oil prices dropped to a two-week low, driven by progress in US-Iran peace talks. This optimism, coupled with a recent fuel price hike, boosted shares of HPCL, IOC, and BPCL. Analysts, however, caution that full market normalization could take months.

Bangkok Post

Vessels carrying Mideast oil, LNG exit Hormuz for Pakistan, China

SINGAPORE - Two ‌liquefied natural gas tankers were exiting the Strait of Hormuz on Monday, heading to Pakistan and China, while a supertanker with Iraqi crude for China left the Gulf on Saturday after being stranded for nearly three months, shipping data showed.

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AAP

'Hoarding has stopped': Albanese reveals fuel levels

Australia's fuel supply will be stable until at least July, despite volatility in the oil market due to the Iran war, the prime minister has confirmed.

AAP

Asian shares mostly gain and oil prices fall after Trump says peace talks on Iran war are proceeding

Asian shares are mostly higher and oil prices have plunged after U.S. President Donald Trump said talks on ending the war with Iran are progressing

The Independent UK

Oil prices dip after Trump says peace talks on Iran war are proceeding

Trump stated that negotiations with Iran were ‘proceeding in an orderly and constructive manner’

International Business Times UK

Trump Orders Negotiators to Take Their Time Closing a Deal with Iran as the World Teeters on Economic Collapse

President Trump advises patience in US-Iran negotiations, maintaining a blockade at the Strait of Hormuz, amid escalating tensions and economic concerns in the Middle East.

AAP

FED:Oil slips, Aussie shares advance on peace deal hopes

Crude prices have dropped at the open, as the US and Iran reportedly inch toward a peace deal and several oil and gas tankers exit a key shipping lane.

AAP

Australian shares advance on US-Iran deal optimism

Oil prices have started the week sharply lower, boosting risk sentiment and local equities, led by miners, IT stocks and consumer discretionaries.

The Economic Times

White House shooting may be message to Trump regarding Iran, says expert

A shooting outside the White House could signal a message about the US Iran deal. Foreign affairs expert Waiel Awwad believes this event may influence President Trump's decision on war or peace. The US is also looking to supply Venezuela oil to India. Marco Rubio's visit aims to improve India-US…

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