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The Latest Breaking News from Oil

Ukraine war briefing: more than 500 drones strike at Russia, killing 3; US allows Russian oil sanctions waiver to lapse

Large Ukrainian attack comes after Zelenskyy on Friday vowed retaliation for earlier Russian strikes. What we know on day 1,544

The Guardian - AU

Trump's Three-Time Voter Brands President 'Naive' as Iran War Sends Fuel Prices Soaring in GOP Areas

The US-Iran conflict has driven oil prices up, impacting rural Colorado's economy and testing political loyalties, as residents express frustration over the administration's handling of the crisis.

International Business Times UK

Oil markets could be a month away from the moment of truth. Brace for a 'non-linear' price spike and panic buying, analysts warn

Oil prices could top $130-$140 a barrel next month if the strait remains closed and inventory depletion rates remain steady, according to Capital Economics.

Fortune

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Valeura Energy Q1 Earnings Call Highlights

Valeura Energy (TSE:VLE) executives told shareholders at the company’s 2026 annual general meeting that the Thailand-focused producer is benefiting from higher oil prices, a growing reserve base and ongoing development work, while continuing to evaluate acquisitions and future capital returns. Pres

MarketBeat

US Lets Russia Oil Sanctions Waiver End Despite Surging Prices Due To Iran War

The previous waiver was described by US Treasury Secretary Scott Bessent as a measure to stabilize energy markets in the aftermath of the Gulf war.

International Business Times

Iran war: Trump administration allows Russia oil sales waiver to expire despite tight market

The Trump administration let a waiver for Russian oil sales expire. This happened even as the Iran war caused worries about global oil supplies and rising fuel costs. The move ended a short period of eased sanctions on some Russian oil. Countries like India and Indonesia had asked for extensions…

The Economic Times

Trican Well Service Q1 Earnings Call Highlights

Trican Well Service (TSE:TCW) reported higher first-quarter revenue as activity increased and the company benefited from a full quarter of contribution from the Iron Horse acquisition, while management said pricing pressure and cost inflation weighed on margins. Scott Matson, Trican’s chief financi

MarketBeat

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Parex Resources Q1 Earnings Call Highlights

Parex Resources (TSE:PXT) said it is moving through a major expansion in Colombia, with management outlining a series of acquisitions, partnerships and drilling programs that it expects will nearly double the company’s production base and make it the country’s largest independent exploration and pro

MarketBeat

Suezmax tanker with Iraqi crude reaches India after Hormuz transit

An Iraqi crude oil tanker is heading towards India after navigating the Strait of Hormuz. Commercial ship movements through the vital waterway are still low. This comes as the conflict enters its twelfth week. Iran has not eased its blockade of Hormuz. The tanker Karolos was seen sailing away from…

The Economic Times

The Bond Market Is Flashing a Warning — And a Former Biden National Security Adviser Says Americans Could Get Hit Twice

Daleep Singh, former Biden National Security Adviser and current chief economist at PGIM, warns the bond market is flashing a serious danger signal as oil prices above $100 drive inflation fears and push the 10-year Treasury yield toward 5%. He warns the end game could be financial repression.

International Business Times

3 Stocks to Own If Gas Prices Keep Rising

With gas prices topping $4.50 per gallon, Par Pacific, Diamondback Energy, and Scorpio Tankers are positioned to benefit from rising energy costs.

MarketBeat

Trump returns from China with little progress on reopening Hormuz

Iran says passage through the Strait of Hormuz will return to normal once security is restored. US President Donald Trump seeks to reopen the critical waterway after talks with China. Iran insists on maintaining control. Disruptions have caused oil prices to surge. The US has imposed sanctions on Iran's oil…

The Economic Times

Trump says Xi agrees Iran must open strait, but no sign China will weigh in

President Donald Trump claims China's Xi Jinping agreed Iran must reopen the Strait of Hormuz. Iran effectively shut the vital waterway after U.S. and Israeli attacks. This has caused a major oil supply crisis and pushed up prices. Tehran insists it will not unblock the strait until the U.S. ends…

The Economic Times

'Botanical Minimalism' Is the Summer Home Fragrance Trend for 2026 − And Design Experts Say 'Placement Is Key'

Make home fragrancing part of your decor, rather than a stand-out device

Homes & Gardens

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Salon

Donald Trump: Green energy's savior?

The president has unintentionally set off an international scramble for renewable energy due to his war in Iran

MarketBeat

Keyera Q1 Earnings Call Highlights

Keyera (TSE:KEY) said it closed its acquisition of Plains’ Canadian natural gas liquids business two days before its first-quarter conference call, describing the transaction as a major expansion of its integrated platform while also noting that the deal is now before the Competition Tribunal. Pres

The Independent UK

How Iran could fight a shadow war with US for months after Operation Epic Fury failed to destroy missiles

Experts say Iran still has several strategies it can use if war with the US resumes

The Economic Times

Iran plans new Hormuz transit mechanism, says only cooperating nations will benefit

Iran is introducing a new system for the Strait of Hormuz. Commercial ships and nations cooperating with Tehran will receive priority passage. Specialized services will incur fees. This move comes amid rising Gulf tensions and concerns over global energy supplies. Several oil and gas carriers are already transiting the vital…

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MarketBeat

Freehold Royalties Q1 Earnings Call Highlights

Freehold Royalties (TSE:FRU) reported first-quarter 2026 production of 15,533 barrels of oil equivalent per day, with liquids accounting for 65% of volumes, as the company said its oil-weighted portfolio remains positioned to benefit from stronger crude prices. President and CEO David Spyker said d

The Economic Times

Will petrol and diesel prices rise again? Fuel hike may be just the first of several increases, say experts

Petrol, Diesel price today: Fuel prices have been increased by Rs 3 per litre as state-run oil companies face mounting losses due to rising global crude oil prices. Experts predict this hike is the beginning of staggered increases, with further modest rises likely if the West Asia conflict persists and…

The Economic Times

Bitcoin slips towards $79K as higher Treasury yields and oil prices pressure trigger risk-off sentiment

Bitcoin dipped towards $79,000, influenced by rising US Treasury yields, inflation concerns, and high oil prices, impacting global risk assets. Major altcoins also saw declines, with the global crypto market capitalization falling. Analysts suggest Bitcoin's pullback is macro-driven, with key resistance at $82,000-$82,500.

The Economic Times

India’s gold import duty hike: A double-edged sword

India has raised gold import duty to 15% and urged citizens to buy less gold. This move targets foreign reserves and the rupee's value. However, India's strong cultural demand for gold may limit effectiveness. Higher duties could also boost illegal gold imports. Investors should consider gold as a long-term hedge.

International Business Times UK

UAE Plans to Bypass the Strait of Hormuz to Export Oil Via the Gulf of Oman with an Ingenious Unexpected Plan

The UAE is expediting its oil pipeline expansion to bypass the Strait of Hormuz, enhancing export capacity and energy security amid regional tensions threatening global energy corridors.

The Economic Times

Petrol-diesel panic in Odisha: Hundreds queue up outside fuel stations; bikes allegedly given fuel worth only Rs 200

Long queues formed at petrol pumps across Odisha due to rumours of a fuel shortage. Panic buying intensified after a price hike. Commuters faced hours of waiting in scorching heat. Boat operators and farmers also reported difficulties in procuring diesel. Oil companies stated there was no shortage, but some pumps…

The Economic Times

Why did Russian FM Sergey Lavrov say ‘If you don't surrender your phone, they will take out a gun’ during Delhi press conference? Watch video

Russian Foreign Minister Sergey Lavrov lightened a press conference in Delhi with a humorous remark to a buzzing phone, drawing laughter and viral attention. As the phone of one of the camerapersons was constantly buzzing, Sergey Lavrov jokingly said, 'Sir, if you don't surrender your phone, they will take out…

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