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The Latest Breaking News from Oil

Strait of Hormuz open or close, Iran-US deal to collapse anytime? Tehran strikes against vital American bases in Kuwait, Bahrain, U. S attack multiple Iranian military targets

Strait of Hormuz: Iran has been insisting on controlling passage through the vital strait, through which a fifth of the world's oil and liquefied natural gas travel in normal times, something it did not have before the war.

The Economic Times

Oil price shocks have exposed car-dependent cities. Here’s what governments can do

The recent Israeli-United States war with Iran sent oil prices soaring worldwide, and Canada was no exception. In some regions, gasoline passed $2 per litre.

The Conversation

Saudi Aramco helicopter crash kills 14 in Ras Tanura; probe under way

Tragedy struck Saudi Arabia's eastern city of Ras Tanura on Sunday when a Saudi Aramco helicopter crashed, claiming the lives of fourteen individuals. The cause of the devastating incident remains under investigation by authorities. Saudi Aramco, a global leader in oil production, operates significant facilities in Ras Tanura, a vital…

The Times of India

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How to make the perfect chicken souvlaki – recipe

Interpretations of Greece’s most popular street food abound, but whose version of these smoky, juicy skewers is the best?

The Guardian - UK

Ukraine's drone assault ignites major oil refinery in Russia

Ukraine intensified its drone attacks on Russia, hitting a major oil refinery in the Krasnodar region and causing at least one fatality. President Zelenskyy stated these strikes target Russia's war resources. Another refinery in Yaroslavl was reportedly targeted, with local authorities closing roads due to drone activity. These actions come…

The Economic Times

Gold, silver face fresh test as US dollar, Iran crisis to shape week ahead: Analysts

Gold and silver are facing downward pressure as investors digest escalating US-Iran tensions, crude oil price shifts, and crucial economic data. Key indicators like manufacturing PMIs, inflation figures, and US jobs reports will shape the Federal Reserve's next moves. Analysts suggest a continued corrective trend for precious metals, with the…

The Economic Times

Ukraine strikes major Russian oil refinery in drone barrage; two killed

Ukraine launched one of its largest drone attacks on Russia overnight, setting fire to a major oil refinery in the country's south and killing at least two people, Russian authorities said on Sunday.

The Times of India

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Woman & Home

Ukrainian strike sets fire to an oil refinery in southern Russia

Ukraine has intensified its drone attacks on Russia, setting fire to a major oil refinery in the south and killing at least two people, according to Russian authorities

The Independent UK

Russia claims control of 2 more villages in Ukraine's Dnipropetrovsk, Zaporizhzhia region

Russian forces have reportedly seized two more villages in Ukraine's Dnipropetrovsk and Zaporizhzhia regions, escalating ongoing fighting. This comes as Ukrainian drones targeted Russian oil infrastructure in Krasnodar, causing a fire and casualties. Despite Russia's claims of advances, Ukraine asserts its military is in its strongest position in months, even…

The Times of India

Ukraine strikes two oil refineries in Russia as it continues to target Moscow's energy industry

Ukraine's air force said local air defences had shot down six Russian ballistic missiles, one anti-ship missile and 125 drones overnight.

Euronews

How Ukraine’s audacious drone campaign sparked a fuel crisis 3,500km behind enemy lines

IN FOCUS: Drones, once auxiliary to the war on the ground, have grown into a giant-slaying weapon in Ukraine’s arsenal over four years of ingenuity, writes James C. Reynolds

The Independent UK

From floods to war, state-run oil firms prove indispensable despite repeated privatisation bids

India's state-run oil companies have proven indispensable during national crises, from floods and pandemics to global conflicts. Despite past privatization attempts, these public sector firms consistently ensure fuel availability, absorb price shocks, and maintain supplies nationwide. Their strategic role in energy security, especially given India's import dependence, highlights their critical…

The Economic Times

Mcap of 6 of top-10 most valued firms climbs Rs 88,678 cr; ICICI Bank biggest winner

Indian stock markets saw a modest gain last week, with the top 10 companies adding Rs 88,678.1 crore in market valuation. ICICI Bank led the surge, followed by HDFC Bank and Reliance Industries. However, Bharti Airtel, TCS, and LIC experienced significant valuation drops. This positive market sentiment was attributed to…

The Economic Times

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The Economic Times

US-Iran war: Tehran attacks Bahrain, Kuwait following US strikes; threatens to end talks to end the war

US-Iran war news: Tensions flare as Iran targets Bahrain and Kuwait with drone and missile attacks following U.S. airstrikes on Iranian military sites. This escalation jeopardizes a regional ceasefire, with the U.S. retaliating after an oil tanker was struck. Former President Trump issued a stark warning, suggesting a point of…

Livingetc

This Japanese Scenting Hack Will Trick Your Home Into Feeling Cooler — And There's One Crucial Fragrance That Makes it Work

The secret? Using Japanese mint oil as summer aromatherapy to create a sense of 'coolness'

The Economic Times

Will Sensex, Nifty extend gains or turn volatile? Q1 updates, F&O expiry among 8 factors set to steer stock market this week

Indian markets head into a crucial week with investors tracking Q1 business updates, June F&O expiry, auto sales data, FII flows, crude oil prices, monsoon progress, US bond yields and key macroeconomic releases. While benchmark indices have remained resilient, profit booking in broader markets signals caution as traders assess domestic…

The Economic Times

Pakistan hikes petroleum levy on petrol, diesel; keeps retail prices unchanged

Pakistan's government has increased the petroleum levy on petrol and diesel, keeping retail prices steady despite falling international oil rates. Consumers will continue paying the same for petrol and diesel, while kerosene prices have been reduced. This move boosts government revenue as global oil prices hit pre-war lows following a…

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The Economic Times

Iran war latest ground report: Interim deal imperilled further as both sides go ballistic again

Iran war: Escalating tensions saw the U.S. launch airstrikes against Iran following attacks on Bahrain and Kuwait. President Trump warned of severe consequences if Iran continues to violate the ceasefire. The U.S. military targeted Iranian military infrastructure after a tanker, carrying Qatari oil, was struck. Kuwait and Bahrain reported drone…

The Economic Times

Petroleum vulnerability rising, India must build crude buffers and cut import dependence, EY cautions

India faces mounting vulnerability due to its soaring dependence on imported crude oil, now exceeding 90%. A recent EY report urges augmenting strategic reserves, currently sufficient for only five days of consumption and developing a comprehensive purchase and release strategy.

France 24

US strikes Iran again as Tehran hits Bahrain and Kuwait

The US military launched a second wave of air strikes against Iran on Saturday on President Donald Trump's orders after Tehran struck Bahrain and Kuwait, escalating tensions that threatened a fragile interim deal. The attack on Kuwait was the first since the accord, as a US-led maritime body expanded shipping…

The Times of India

US-Iran conflict escalates: Tehran hits back with 'crushing response' after Trump's fresh strikes — key developments

A fragile US-Iran ceasefire shattered following fresh military strikes after an oil tanker attack in the Strait of Hormuz. The US targeted Iranian military infrastructure, accusing Tehran of a drone strike. Iran retaliated with missiles and drones at US bases in Bahrain and Kuwait, warning of further action. This escalation…

The Times of India

'Vigilant, lethal, and ready': US unleashes fresh strikes on 10 Iranian military targets — video

US forces launched strikes on 10 Iranian military targets near the Strait of Hormuz following an Iranian drone attack on a commercial oil tanker. The operation, ordered by President Trump, targeted surveillance, communication, and drone facilities. This escalation occurs despite an interim ceasefire, with Washington warning of further action if…

The Economic Times

Trump threatens to annihilate Iran after new exchange of attacks

Trump issued a stark warning to Iran, saying the nation would cease to exist if forced back into war, following US strikes on Iranian targets. These retaliatory actions, aimed at Iranian missile and drone sites, were in response to attacks on shipping in the Strait of Hormuz.

The Times of India

'Will be forced to militarily complete the job': Trump confirms US strikes on Iran after ceasefire breach, signals further escalation

The US launched fresh strikes on Iran after accusing Tehran of violating a ceasefire for a second consecutive day by attacking a commercial oil tanker near the Strait of Hormuz. This follows US retaliation for a drone attack on another vessel. Iran has warned of a "practical response" to the…

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