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The Latest Breaking News from Oil

Stocks Supported by Chip Stock Strength and Strong US Retail Sales

The S&P 500 Index ($SPX ) (SPY ) today is up +0.23%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.26%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.74%. June E-mini S&P futures (ESM26 ) are up +0.19%, and June E-mini Nasdaq futures...

Barchart

‘No friends to the oil and gas industry’: Aberdeen South, the byelection where one topic dominates

Peter Murrell affair may feature, but contest seen as straight fight between SNP and Tories over energy policy

The Guardian - UK

China, India, Iraq: Iran has billions in frozen assets. But where is it stored?

Iran has spent years trying to regain access to billions of dollars in overseas funds frozen by sanctions. Now, as Tehran enters negotiations with the Trump administration over a broader agreement to end the conflict and address its nuclear programme, those assets have become one of the most important issues…

The Times of India

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US stocks drift ahead of the Fed's announcement on interest rates

The U.S. stock market is drifting as Wall Street waits to hear from the Federal Reserve in the afternoon about where it sees interest rates going

AAP

US stocks: US market ticks up ahead of first Fed policy decision under Warsh

U.S. stock indexes opened higher on Wednesday, with chip stocks rebounding ahead of the Federal Reserve's first interest rate decision under new Chair Kevin Warsh. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all saw gains in early trading.

The Economic Times

Current price of oil as of June 17, 2026

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

Fortune

Bank set to hold interest rates after steady inflation and Iran peace deal

New inflation data has reinforced expectations that policymakers will not need to increase interest rates at the next announcement on Thursday.

Evening Standard

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Cotton Rally Extending to Wednesday

Cotton prices are trading with Wednesday morning gains of 110 to 159 points. Futures saw gains of 35 to 184 point gains across the board on Tuesday. Crude oil was down $4.08 at $76.673. The US dollar index was down $0.071 at $99.305. Monday afternoon’s Crop Progress showed US cotton...

Barchart

Iran will reopen the Strait of Hormuz and can sell oil freely under deal with the US, officials say

Iran will immediately take steps to reopen the Strait of Hormuz once a tentative deal with the U.S. to end the war is signed and will be allowed to sell its oil without restrictions

AAP

India bonds pause oil-led rally ahead of Fed verdict

Indian government bonds saw their rally pause on Wednesday. Oil prices stabilized, and the US Federal Reserve's upcoming policy decision kept investors cautious. The benchmark 10-year bond yield hovered near a 12-week low. Traders are now awaiting the Fed's verdict. Hawkish guidance could impact foreign investment in Indian bonds. Overseas…

The Economic Times

Wall Street steadies and oil trades below $80 with focus on end to Iran conflict

Wall Street pointed toward modest gains in premarket trading and oil was trading below $80 a barrel on optimism that Iran will quickly open the Strait of Hormuz once a tentative deal with the U.S. to end the war is signed on Friday

AAP

How to turn yoghurt pot scrapings into a marinade for fried chicken – recipe

An almost-empty container can be a vessel for food alchemy

The Guardian - UK

Labour accused of ‘destroying’ North Sea jobs ahead of Aberdeen by-election

Shadow energy secretary Claire Coutinho claimed Deputy Prime Minister David Lammy is more willing to take oil from Russia or Qatar than Aberdeen.

Evening Standard

Russia-UK tensions flare again: What make the English Channel so contentious

A recent incident involving a Russian frigate firing warning shots near a British yacht in the English Channel has reignited historical tensions. This event, occurring near the Isle of Wight, echoes the 1904 Dogger Bank incident. The Channel's strategic importance for Russia's vital oil exports, often carried by a 'shadow…

The Times of India

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The Independent UK

G7 leaders back Trump's plan to end Iran war that faces skepticism at home

Leaders at the Group of Seven summit have backed U.S. President Donald Trump's tentative agreement with Iran to open the Strait of Hormuz and extend a ceasefire

The Economic Times

Rupee closes flat at 94.52 vs USD as oil-led rally faces off against dollar demand; Fed verdict looms

The Indian rupee closed almost flat against the US dollar on Wednesday. Earlier gains were erased as corporate and importer demand for dollars increased. A significant drop in oil prices had initially boosted the rupee. Market focus now shifts to the US Federal Reserve's policy decision. Commentary from the Fed…

The Times of India

What is in the 14 point interim US-Iran peace deal? Read full text

Leaked details of a tentative US-Iran agreement suggest Tehran would immediately move to reopen the Strait of Hormuz once a ceasefire deal is signed, alongside the ability to resume unrestricted oil exports. The interim accord, expected to be formally signed in Switzerland on Friday, reportedly includes US backing for at…

Barchart

Nasdaq Futures Climb as Chip Stocks Rebound Ahead of First Fed Decision Under Warsh

June Nasdaq 100 E-Mini futures (NQM26) are up +0.54% this morning, signaling a rebound from yesterday’s selloff, while investors await the first Federal Reserve rate decision under Kevin Warsh.

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Bored Panda

31 New Comedic Animal Portraits By Alison Friend That Make Pets Look Like Tiny Eccentric Nobles

Animal portraits tend to be charming on their own, but Alison Friend gives them an extra layer of personality. In her paintings, cats, dogs, pigs, and other animals do more than simply pose for the viewer. What makes Alison’s work so instantly recognizable is the way she blends classic oil…

AAP

Iran will reopen Strait of Hormuz and can sell oil freely under deal with US, according to leaks

Iran will immediately take steps to reopen the Strait of Hormuz once a tentative deal with the U.S. to end the war is signed and will be allowed to sell its oil without restrictions

The Economic Times

Japan's Nikkei closes at record high near 70,000 on AI boost

Japan's Nikkei share index hit a new record high for the third day running on Wednesday. The index closed just below the 70,000 mark. Easing Middle East conflict worries and strong buying in AI stocks boosted the market. Investors are also awaiting the US Federal Reserve's policy decision. Oil prices…

The Economic Times

As oil roundtrips, AI booms, and US consumers spend, economists' Fed outlooks hit the extremes

Economists are divided on the U.S. economic outlook, with some predicting rate cuts due to consumer weakness and falling real wages, while others foresee hikes amid strong growth and inflation. Geopolitical tensions, oil price volatility, and AI investment add to the uncertainty. The Federal Reserve faces a complex decision on…

The Economic Times

Australia shares close at two‑month high on Middle East optimism

The Australian stock market experienced a remarkable uplift on Wednesday, reaching a two-month peak, thanks to the impressive performances of mining and banking stocks. Investors breathed a sigh of relief as news of a tentative agreement aimed at resolving the conflict in the Middle East emerged.

Motor1

Man Drives Past Take 5. Then He Sees Something Unexpected: ‘Is That Really A Thing?’

"The fastest oil change on the planet?"

AAP

World shares are mixed and oil trades below $80 on optimism over interim US-Iran war deal

World shares are mixed and oil is trading below $80 a barrel as investors watch for details on the interim agreement to end the U.S.-Iran war

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