The Latest Breaking News from Oil

Iran halts strikes as Trump gives space to talks

TEHRAN - Iran and the United States held their fire Sunday, handing Gulf shipping and the oil industry a respite from missile strikes as Donald Trump's UN envoy said the president was "giving talks some space".

Bangkok Post · Jul 27

Red Sea shipping slumps after Houthi strikes on Saudi Arabia energy infrastructure

Ship traffic through Bab el-Mandeb declined significantly on Sunday. This occurred after Yemeni Houthis attacked Saudi oil installations along the Red Sea coast. Meanwhile, transit through the Strait of Hormuz stayed low over the weekend. Seven commodity vessels passed through Bab el-Mandeb, the lowest level in months. Red Sea traffic…

The Economic Times · Jul 27

Kospi index and U.S. stock futures jump as new Hormuz talks send oil prices plunging amid Iran war pause while Wall Street awaits Fed meeting

Iran and Oman are also in talks that center around having Iran run vessel transit through the Strait of Hormuz with fewer restrictions on ships.

Fortune · Jul 27

Man Gets Coupon For Free Mobil 1 Oil Change. Then He Realizes There’s A Catch: ‘Order Me An Uber’

"Don’t tell us it’s your first oil change."

Motor1 · Jul 26

How to invest during the war's second act

The war between the US and Iran is in its fifth month, and last week it escalated from military exchanges into something more dangerous for investors: the use of the world's energy arteries as a weapon. Brent crude has broken above $100 per barrel, its highest in two months, and…

Bangkok Post · Jul 26

Fed Decision, Big Tech Numbers And Oil: Investors Search For Fresh Cues

Policy decisions from key central banks and earnings of Big Four tech companies on the cards as oil hovers around dangerous terrain of $100 mark.

International Business Times · Jul 26

EXCLUSIVE: US-Iran De-Escalation Is the Only Way to Lower Gas Prices, Analyst Says

The escalating tension in the U.S.-Iran war has rattled the global energy market, with supply chain disruptions leading to sharp increases in oil prices throughout markets as uncertainty looms over the Strait of Hormuz.

Benzinga · Jul 26

Good hand soap and spicy tahini: a hosting expert on how to throw a maximalist summer dinner

Chef Mariana Velásquez, author of Revel and Colombiana, shares how to pull together a last-minute soiree that feels thoughtful

The Guardian - US · Jul 26

Oil tanker explodes after hitting naval mine in Strait of Hormuz: Iranian Media

An oil tanker reportedly exploded after deviating from Iran's designated shipping route. This incident occurred amid ongoing diplomatic progress between Iran and Oman. Regional sources indicated that US bombings in the area were intentionally paused. Military leaders cautioned against a broader campaign due to depleting missile interceptors. Iranian forces had…

The Economic Times · Jul 26

Iraq Advances Gas Field Deal With ConocoPhillips, Moves Forward With Mediterranean Pipeline To Bypass Hormuz Risks

Iraq will begin discussions with a consortium including ConocoPhillips Co. (NYSE:COP) on the exploration and development of the Akkas field and its surrounding areas, the country’s cabinet said.

Benzinga · Jul 26