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The Latest Breaking News from Oil

Oil price gains and Westminster worry sink stocks

The FTSE 100 closed down 177.56 points, 1.7%, at 10,195.37.

Evening Standard

Oman caught between US and Iran after Tehran’s claims of joint strait of Hormuz plan

Muscat silent about plans – opposed by US – to charge fee and demand details on nationality of all transiting ships

The Guardian - UK

Crude Oil Prices Surge as Global Supplies Continue to Tighten

June WTI crude oil (CLM26 ) today is up +3.55 (+3.51%), and June RBOB gasoline (RBM26 ) is up +0.0801 (+2.22%). Crude oil and gasoline prices are moving sharply higher today as US-Iran war negotiations are at an impasse, keeping the Strait of Hormuz closed and tightening global oil supplies....

Barchart

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read the most diverse news in one place.

China Has Agreed To Buy U.S. Oil, Trump Says: 'We Have Unlimited Energy'

China has agreed to buy U.S. oil, President Donald Trump said, as a substantial amount of Iranian exports to the Asian giant continue to be blocked by Washington's blockade of the key waterway.

International Business Times

Stocks Slide as Inflation Fears Lift Bond Yields

The S&P 500 Index ($SPX ) (SPY ) today is down -0.91%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.83%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.30%. June E-mini S&P futures (ESM26 ) are down -1.02%, and June E-mini Nasdaq futures...

Barchart

Iran's top diplomat says a lack of trust is impeding talks to end war with the US

Iran’s foreign minister says that a lack of trust remains the biggest obstacle in negotiations to end the war with the U.S. Iranian Foreign Minister Abbas Araghchi said contradictory messages from the U.S. have made Iran reluctant about its intentions in the stalled ceasefire negotiations

The Independent UK

Oil Prices Climb As Strait Of Hormuz Remains Closed, Iran Says It 'Cannot Trust The Americans At All'

Oil prices are rising again on Friday as the Strait of Hormuz remains closed and a top Iranian official said the country "cannot trust the Americans at all."

International Business Times

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Why is US stock market falling today? Dow Jones, S&P 500 and Nasdaq crash after Trump concludes China visit - Nvidia and Amazon stocks sink amid inflation fears and Iran war uncertainty shaking Wall Street

US stock market today suffered a sharp selloff as the Dow Jones, S&P 500, and Nasdaq crashed after President Donald Trump ended his China visit without easing deeper market fears. The S&P 500 fell 0.86% to 7,436, the Nasdaq dropped 1.25%, and the Dow lost 366 points to 49,697. Nvidia…

The Economic Times

Dollar Soars and Gold Plunges as Global Bond Yields Climb

The dollar index (DXY00 ) rallied to a 2.5-week high today and is up by +0.39%. The dollar is climbing today on concerns that strong US economic news and soaring crude oil prices will prompt the Fed to tighten monetary policy, a bullish factor for the dollar. Today's economic news...

Barchart

Trump heads home from China with a meagre goody bag from Xi

ANALYSIS: Just like the failed Putin summit in Alaska, Trump’s China trip brought theatre – but no action, with the US president predictably played by a man he hoped to impress, explains world affairs editor Sam Kiley

The Independent UK

Stocks Tumble on Inflation Jitters

The S&P 500 Index ($SPX ) (SPY ) today is down -1.17%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.96%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.64%. June E-mini S&P futures (ESM26 ) are down -1.07%, and June E-mini Nasdaq futures...

Barchart

US stocks slide from record highs as oil surges and bond yields jump on Iran war fears

The U.S. stock market is falling from its records and joining a worldwide drop for stocks, as higher oil prices send a shiver through the bond market

The Independent UK

India's trade with West Asia contracts for second straight month in April amid shipping disruptions

April marked a downturn in India’s trade relationship with West Asia, as both exports and imports experienced a staggering reduction of more than 28%. The unrest linked to the US-Iran situation has severely disrupted shipping operations, affecting vital trade channels. This decline particularly threatens major Indian sectors, including jewels and…

The Economic Times

UAE To Speed Up Construction Of a New Pipeline As Hormuz Strait Remains Closed

The UAE will speed up the construction of a new oil pipeline to bypass the Strait of Hormuz, which remains closed as hostilities between the U.S. and Iran continue.

International Business Times

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The Guardian - UK

Pound heads for worst week in 18 months as Burnham lines up Labour bid

UK government borrowing costs jump amid political uncertainty and oil price rise that fuelled inflation worries

Barchart

Shorting OXY Puts Is Working - Especially if Oil Keeps Rising

Occidental Petroleum's stock has mirrored the recent rise in oil futures, as seen in the June 26 WTI futures contract. One profitable way to play it is to sell short out-of-the-money (OTM) OXY put options.

Fortune

Current price of oil as of May 15, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Evening Standard

Trump says ‘tough’ for Starmer to survive without energy and immigration shift

The US president, who has had a fractious relationship with the Labour leader over Iran, stopped short of saying he should quit.

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news in one place.

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Barchart

Soybeans Continuing Pullback on Friday Morning

Soybeans are showing 11 to 13 cents lower trade so far on Friday after collapsing on Thursday. Futures posted 20 to 40 ¾ cent losses across most contracts on Thursday. The cmdtyView national average Cash Bean price was down 36 cents at $11.28. Soymeal futures were back down $3.90 to...

Barchart

Cotton Extending Losses on Friday Morning

Cotton prices are down 205 to 275 points early on Friday. Futures saw weakness on Thursday with contracts down 175 to 287 points in the front months. The US dollar index was $0.352 higher at $98.775. Crude oil was up $1 at $102.02. Few details announced following the meeting with...

MarketBeat

Teekay Tankers Q1 Earnings Call Highlights

Teekay Tankers (NYSE:TNK) reported sharply higher first-quarter 2026 results as spot tanker rates approached record levels and the company continued to shift its fleet toward newer vessels while maintaining a debt-free balance sheet. Kenneth Hvid, president and CEO of Teekay Corporation and Teekay

MarketBeat

Teekay Q1 Earnings Call Highlights

Teekay (NYSE:TK) highlighted sharply stronger tanker market conditions, a debt-free balance sheet and continued fleet renewal activity during its first-quarter 2026 earnings call, as management said spot tanker rates moved near record levels in the quarter and strengthened further early in the secon

The Independent UK

Republican gives stark message to Americans reeling over rising gas prices: ‘That’s life’

Jim Jordan argued the higher prices were worth paying if it meant tackling Tehran, despite the lack of regime change.

Barchart

What Made Friday's Headlines Expected?

All it took was one look at Friday morning markets to confirm what the trip by the US contingent to China was all about - Selling ill-gotten oil.

The Economic Times

India moves to buffer economy against Iran war fallout

India is taking urgent steps to protect its economy. Fuel prices have risen. Gold imports are restricted. Local government staff in Delhi are working from home to save fuel. Sugar exports are temporarily banned. These actions aim to conserve foreign exchange reserves amid global pressures. The nation faces challenges from…

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