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The Latest Breaking News from Oil

Iran hits back at Rubio’s ‘energy hostage’ remark, blames US sanctions for global market turmoil

Iran has rejected US Secretary of State Marco Rubio's remarks, accusing Washington of distorting regional realities and diverting attention from its destabilizing policies. Tehran asserts that US sanctions, not its own actions, have disrupted global energy markets and held them hostage. Rubio had previously accused Iran of holding the energy…

The Times of India

Iran rejects Rubio's claims, blames US sanctions for global energy crisis

US-Iran war: Tehran has rejected remarks by US Secretary of State Marco Rubio. Iran states US sanctions have held the global energy market hostage. It asserts its nuclear program is peaceful and under IAEA supervision. Iran also blames US and Zionist regime actions for maritime security threats. The nation stands…

The Economic Times

Fuel austerity clouds demand outlook; India's annual product growth forecast cut 40%

India's fuel demand growth will slow significantly in late 2026. Government conservation efforts, rising oil prices, and a weaker rupee are impacting travel and consumption. Oil companies have increased petrol and diesel prices. Prime Minister Modi urged fuel saving. Analysts predict a substantial cut in India's refined products demand forecast…

The Economic Times

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From Hormuz to nuclear talks - what to expect in the 60-day US-Iran ceasefire proposal

A potential 60-day ceasefire extension between the US and Iran is nearing, aiming to reopen the Strait of Hormuz and allow Iranian oil exports. This deal, brokered by Pakistan, includes lifting US port blockades and sanctions waivers, contingent on Iran negotiating its nuclear program and ending the Israel-Hezbollah conflict. Global…

The Times of India

Bond yields, FIIs and corporate actions among 8 factors to steer D-Street this week

Nifty closed marginally higher last week, driven by IT and energy stocks, as markets brace for key events. Technical analysts suggest Nifty is in an indecisive range, awaiting a decisive breakout above 23,800 or a fall towards 23,600. Global factors like Iran-Israel tensions and US bond yields are influencing sentiment.

The Economic Times

Ross Chastain wins strange NASCAR O'Reilly Charlotte race, marred by rain, fog, oil slick

The race started just after 5pm, and NASCAR finally called it with about the half event still to go, over six hours after the green flag.

Motorsport

Inside the US-Iran deal Trump is close to signing

The US and Iran are close to signing a 60-day ceasefire agreement that would reopen the Strait of Hormuz, allow Iran to freely export oil, and begin negotiations on curbing Tehran’s nuclear programme, according to an Axios report citing a US official.

The Economic Times

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Petrol, Diesel Price Today May 24: Check fuel rates in Delhi, Noida, Lucknow, Faridabad, Bangalore, Gurgaon and other cities

Petrol Diesel Price Today May 24 check Delhi, Noida, Faribadad, Lucknow fuel rates: Fuel prices in India have surged again, with petrol nearing Rs 100 per litre in Delhi and diesel prices also climbing significantly. This marks the third recent increase in CNG rates, adding to public concern amidst geopolitical…

The Economic Times

Retail fuel price hike 'inevitable' if global oil pressures persist: BPCL's Director HR

Bharat Petroleum Corporation Ltd. Director HR Bharat Petroleum Corporation Ltd. Raj Kumar Dubey said another fuel price hike may become unavoidable if global energy disruptions persist, as policymakers weigh three options — raising retail fuel prices, oil companies absorbing losses, or government support through deficit financing.

The Economic Times

Iran war is exposing South Africa’s dependency on diesel: what went wrong

It is forgivable to think that an oil shock mainly hurts at the petrol pump. After all, that is where households feel it first. But when my colleagues and I at the Bureau for Economic Research started digging through South Africa’s fuel data, a different story emerged – one that…

The Conversation

AAP Rolling News Bulletin May 24, 1200

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Latin Times

U.S.-Iran Agreement Imminent — Strait of Hormuz Expected to Reopen, Oil Prices Set to Fall

The announcement, made via a post on Truth Social, came after a wide-ranging phone call with leaders from Saudi Arabia, the United Arab Emirates, Qatar, Pakistan, Türkiye, Egypt, Jordan, and Bahrain — a coalition of regional powers that have played a central role in mediating the 84-day conflict. Trump also…

AAP

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