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The Latest Breaking News from Oil

Interim US-Iran deal leaves the thorniest issue still to be negotiated: Tehran's nuclear program

America and Iran have reached a two-month interim agreement concerning Tehran's nuclear program. This deal aims to reopen oil shipments and provide financial incentives to Iran. However, many lawmakers and advocates express doubt about its workability and the short timeline for nuclear talks. The previous nuclear pact took much longer…

The Economic Times

The cold, hard truth: what you should actually store in the fridge – from red wine to nuts

s chocolate better served chilled? Do bananas go mushy? And won’t someone think of the avocados? Here is the final word on the fridge or cupboard conflict

The Guardian - UK

Sensex rises 347 points, Nifty closes near 24,100 as oil prices drop below $80. What lies ahead?

Indian stock markets extended gains for the fourth consecutive session, with Sensex and Nifty rising over 0.4% each. This surge was driven by a framework for an Iran-US deal and a significant drop in oil prices below $80 per barrel. Analysts anticipate continued market resilience, supported by tapering FII outflows…

The Economic Times

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Trump and Iranian President sign US-Iran agreement, US official says

US President Donald Trump has signed a deal with Iran to end the Middle East war, a US official told AFP on Wednesday after Axios reported that the signing took place during a dinner with France's president. Iran's Foreign Ministry's spokesman also confirmed it had signed deal with US. Read…

France 24

FED:Shares creep higher as miners lift on easing oil prices

Falling oil prices and a softer outlook for global inflation and interest rates are supporting gold stocks, as details of the US-Iran deal drip through.

AAP

Shares reverse early losses as oil slide continues

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

AAP

Oil Price Today (June 17): Crude oil dips below $80, near 3-month low ahead of US-Iran agreement. Will liquid gold fall more?

The interim agreement, expected to be signed on Friday, would grant Tehran significant economic incentives, including the immediate ability to resume oil sales.

The Economic Times

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Oil slides and bond yields down on Iran supply hopes

Crude has fallen below $US80 and bond yields are lower on optimism about Iranian oil hitting the market, while stocks have been steady as chip selling eases.

AAP

Ukraine war briefing: Moped ban in Crimea as official says noise is Kyiv plot using youth

‘The enemy is recruiting your children for nighttime rides,’ says official, claiming moped noise confuses drone defences. What we know on day 1,575

The Guardian - AU

Brent climbs to $79.43 as traders weigh durability of US-Iran peace deal

Oil prices edged higher as investors assessed the implications of a potential U.S.-Iran peace deal and the reopening of the Strait of Hormuz. While an interim agreement was announced, details remain scarce, and a full return to pre-war production levels is expected to take considerable time, adding to market uncertainty.

The Economic Times

Mechanic Says You May Be Parking Wrong. Then He Reveals It Could Cost You Thousands

"I was taught in driving school..."

Motor1

Global Market Today: Asian stocks edge lower with Fed decision in focus

Asian stocks declined, mirroring Wall Street's tech sell-off as investors await the Federal Reserve's policy decision under Chairman Kevin Warsh. Oil prices eased, tempering inflation concerns, while markets remain divided on the Fed's future rate path amid an emerging US-Iran peace deal.

The Economic Times

US set to offer Iran $300 billion development fund, broad financial gains in peace deal

Iran is poised to receive significant financial incentives, including immediate oil sales and access to a $300 billion development fund, as part of a deal with the US. The agreement, set to be formally signed on June 19, aims to end hostilities and place strict limits on Iran's nuclear program.

The Economic Times

Markets poised for a cautious start as GIFT Nifty ticks higher

Indian markets continued their upward trend on Tuesday. The Nifty closed at 23,989. Analysts anticipate this positive momentum to persist. Improved geopolitical situations, increased foreign investor interest, and falling crude oil prices are driving the market. A potential US-Iran peace agreement is boosting global sentiment. The India VIX, a fear…

The Economic Times

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AAP

G7 to increase pressure on Russia with new sanctions

Leaders at the G7 summit have vowed to enhance sanctions on Russia, targeting oil and gas, while increasing deliveries of air defence capabilities to Ukraine.

Latin Times

The New Crude Rush: Oil Executives Gamble on Venezuela to Bypass Middle East Chaos

Middle East supply fears prompt global oil companies to pivot to Venezuela, sparking a corporate land grab as the U.S. prioritizes stability over democracy.

Evening Standard

Vote SNP in by-election to condemn Westminster’s energy ‘rip off’ – Swinney

Voters in Aberdeen South go to the polls on Thursday.

Bangkok Post

Ban on refined oil exports to continue

Thailand's energy authorities have confirmed that the country will continue its ban on refined oil exports, despite mounting pressure from domestic refineries struggling with limited storage capacity.

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The Economic Times

Why are oil prices down while gold and silver prices up today? Reasons behind crude oil fall, precious metals rally, analyst insights and market outlook

Why are oil prices down while gold and silver prices up today? Oil prices fell to a three-month low as hopes grew that the Strait of Hormuz could reopen under a proposed U.S.-Iran agreement. At the same time, gold and silver prices moved higher because lower oil prices reduced inflation…

France 24

Can Hormuz be bypassed? Past shows commercial viability may simply not be there, analyst says

On Tuesday, leaders at the G7 summit in Evian-les-Bains were seeking to identify alternative routes to bypass the Strait of Hormuz, which US President Donald Trump said would be "completely open" on Friday. Speaking with FRANCE 24's Sharon Gaffney, Maisoon H Kafafy, Senior Advisor to the Atlantic Council's Middle East…

Barchart

Cotton Rallies on Tuesday

Cotton 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 86% of the US cotton crop planted as of Sunday, 2% behind the average...

AAP

Russian attacks on eastern Ukrainian cities kill four

At least four people have died in Russian attacks on cities in Ukraine's east and southeast.

Barchart

Stocks Indexes Finish Mostly Lower as Chipmakers Retreat

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -0.57%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.64%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.89%. June E-mini S&P futures (ESM26 ) fell -0.60%, and June E-mini Nasdaq futures...

France 24

Trump suggests US can swiftly reimpose sanctions on Russian oil

As the war in Ukraine took centre stage at the G7 summit in the French town of Evian, US President Donald Trump said Moscow should make peace with Kyiv and suggested that the US could bring back sanctions on Russian oil, now that the Strait of Hormuz is expected to…

Fortune

Filling up your car won’t feel normal until next summer, S&P says

A ceasefire between the U.S. and Iran could end the largest oil market disruption in history—and a full return to normal will take time to materialize.

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