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The Latest Breaking News from Oil

Starmer slams Russian warship's ‘reckless’ warning shots in English Channel

The decision by a Russian warship to fire warning shots near a British yacht in the English Channel on Tuesday was "reckless", UK Prime Minister Keir Starmer said Wednesday. The British defence ministry described it as an "isolated incident" with no suspected link to the boarding by British commandos of…

France 24

AI infrastructure and data centre plays could be the next big theme: Atul Suri

Despite negative sentiment and foreign investor selling, Indian equities are showing signs of building a base, with a breakout above 24,500 on the Nifty potentially signaling a move towards new highs. Falling crude oil prices and strong domestic flows provide support, while banking stocks and data center infrastructure are identified…

The Economic Times

Trump vows to reimpose US sanctions on Russian crude 'soon' as truce with Iran takes shape

President Trump announced that the US will soon reimpose sanctions on Russian oil, citing eased global supply concerns due to resumed flows through the Strait of Hormuz after a deal with Iran. This shift in focus allows Washington to concentrate more on the Ukraine war, as G7 leaders discuss further…

The Economic Times

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IEA sees gradual Hormuz recovery tipping into significant 2027 surplus

The global oil market is set for a gradual recovery. The Strait of Hormuz will reopen following a US-Iran agreement. This ends a major oil supply disruption. The International Energy Agency predicts a significant oil surplus by 2027. Millions of barrels of Middle East oil output will return to the…

The Economic Times

Shares mostly advance and oil trades below $80 on optimism over interim US-Iran war deal

Asian shares are mostly higher and oil is trading below $80 a barrel, as markets watch for details on the interim agreement to end the U.S.-Iran war

AAP

$300bn private fund, $100bn frozen assets and oil waivers: What Iran actually gets in US peace deal

The US-Iran peace deal offers Tehran a sweeping financial package that includes immediate oil export waivers, a $300 billion private investment fund, and eventual access to more than $100 billion in frozen assets held across multiple countries, according to draft documents and officials familiar with the negotiations.

The Times of India

Financials in a sweet spot, defence remains a structural bet: Dharmesh Kant

Financial stocks are set to lead a market rally through June and July. Experts see banks and financial institutions benefiting from strong earnings and credit growth. Defence and healthcare are also favoured sectors. Investor sentiment later in the year will depend on the monsoon's progress. Consumption and metals sectors are…

The Economic Times

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Avoid IT, focus on growth: Samir Arora's playbook for next 12 months

Investor optimism is rising on hopes of a US-Iran agreement, potentially easing energy market concerns and geopolitical uncertainty. Helios Capital founder Samir Arora believes peace in West Asia could remove a key market overhang and help control oil prices, with a focus on broader outcomes over deal specifics.

The Economic Times

Lower crude may not mean cheaper fuel immediately: NIPFP economist

Global crude oil prices may fall after Middle East peace efforts. However, fuel prices in India might not decrease immediately. Oil companies face pressure, and lower crude prices could offer them relief. A peace deal would benefit India's economy and potentially strengthen the rupee. India's long-term growth remains strong, driven…

The Economic Times

G7 leaders agree to increase weapons deliveries for Ukraine, step up pressure on Russian economy

G7 leaders pledge more weapons for Ukraine, including air defence and long-range systems, and signal readiness to tighten sanctions on Russia's oil and gas sector.

Euronews

Rupee touches six-week high on oil slump, RBI effect lingers

The Indian rupee strengthened to a six-week high, buoyed by falling Brent crude prices below $80 a barrel and supportive central bank measures. Recent steps to attract dollar inflows, including tax removal on bond investments, have seen significant overseas investor participation. The rupee is expected to continue its upward trend…

The Economic Times

FED:Shares reverse early losses as oil slide continues

BHP and Macquarie Group have both clinched new record highs, while gold stocks continue to rebound as easing geopolitical risks reinvigorate investors.

AAP

Iranian oil tankers pass US blockade ahead of peace deal signing ceremony

The naval blockade began on 13 April and targeted all vessels entering or departing Iranian ports and coastal areas.

Euronews

Oil falls below $80 as OECD oil reserves drop to lowest level since 1990

Oil prices fell below $80 per barrel as markets grew increasingly confident that the effective closure of the Strait of Hormuz is coming to an end. This comes as strategic oil reserves in advanced economies have fallen to their lowest level since 1990, according to the IEA.

Euronews

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The Economic Times

Higher prices for gas, groceries and flights will outlast the Iran war, experts say

A tentative deal to end the Iran war offers hope but immediate price drops for consumers are unlikely. Experts suggest it will take time for oil and supply chains to normalize.

The Economic Times

US President Donald Trump's Iran war weighs on G7 economies, but don't expect hard talk in France

Global economic leaders gather in France amid rising inflation and oil prices. A recent deal between the U.S. and Iran offers optimism, but the war's economic impact persists. Central banks have raised interest rates. G7 nations aim to avoid conflict with U.S. President Donald Trump, focusing on narrower economic issues.…

The Independent UK

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

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

The Economic Times

Nifty upside limited, but stock-specific opportunities remain: Pramod Amthe

Indian equities face headwinds from inflation and monsoon uncertainty, yet opportunities exist. Pramod Amthe of InCred Capital highlights sectors with pricing power like FMCG and paints, alongside preferred auto segments and NBFCs. While broad market gains may be modest, astute stock selection is key for investors navigating these challenging times.

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The Guardian - UK

A lemony loaf, a stir-fry and a cheeseboard pickle: Ravinder Bhogal’s courgette recipes

Three ways with summer’s versatile vegetable: as a simple meal, a deliciously moist loaf and a South Asian achaar to spice up any cheese sandwich

The Independent UK

The perfect picnic menu: From focaccia sandwiches to strawberry trifles

National Picnic Week is the perfect excuse to head outdoors with a basket full of good food. From pistachio pesto focaccia sandwiches and sticky pork lettuce cups to strawberry trifles and elderflower iced tea, these seven recipes make a compelling case for eating lunch on a blanket, says Hannah Twiggs

The Economic Times

Oil tankers u-turn, head back to Middle East as Hormuz reopening nears

In a strategic pivot, two oil tankers are heading toward the Middle East in expectation of the Strait of Hormuz’s reopening. Shipowners are gearing up for a bustling uptick in maritime commerce, as this vital corridor is on track to become operational again.

The Independent UK

Iran-US war latest: Trump and Iranian leader sign peace deal as Tehran vows to charge Strait of Hormuz fees

The US president told the G7 that he would ‘go back to bombing’ if a full agreement was not struck within 60 days

The Conversation

US-Iran deal should see oil and LNG begin to flow again… slowly

US President Donald Trump hailed the deal ending the US-Israel war with Iran with a triumphant message: “Ships of the World, start your engines. Let the oil flow!” he wrote on his online social media platform.

MyLifeXP

No Hug, Just Handshake: Modi’s Silent Message to Trump

Diplomacy is often communicated through words, but sometimes the strongest messages are delivered without saying a single sentence. At the G7 Summit 2026, Prime Minister Narendra Modi's brief handshake with US President Donald Trump grabbed global attention. The moment stood out because it broke a familiar pattern. For years, Modi's…

The Economic Times

Russian President Vladimir Putin hosts ASEAN leaders amid G7 pressure on Ukraine war

President Vladimir Putin hosts a summit of Southeast Asian leaders in the central Russian city of Kazan from Wednesday, as the West pressures Moscow to end its Ukraine offensive. Representatives of 11 countries in the Association of Southeast Asian Nations will arrive in Kazan on Wednesday, with the main day…

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