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The Latest Breaking News from Oil

‘Congratulations to all!’: Trump announces US-Iran peace deal is ready to sign, and this time Iran confirms its existence too

“Importantly, the oil is plummeting down and the stock market is shooting up.”

We Got This Covered

Oil prices dip close to levels seen before Iran war on hopes over shipping route

The cost of benchmark Brent crude dropped as low as 79.61 dollars a barrel at one stage.

Evening Standard

Dollar Little Changed on Weak US Housing News

The dollar index (DXY00 ) is little changed today. Weaker-than-expected reports today on US May housing starts and building permits are undercutting the dollar. Also, today's -3% fall in WTI crude oil to a 3.25-month low is bearish for the dollar, as it lowers inflation expectations and could prompt the...

Barchart

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The secret to better summer beans

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Salon

Captain of Russian shadow fleet ship seized by British troops appears in court

Indian national Ajay Pant has been charged with directly or indirectly supplying or delivering by ship prohibited oil or oil products from Russia to a third country

The Independent UK

Stocks Supported by Lower Crude Oil Prices and Bond Yields

The S&P 500 Index ($SPX ) (SPY ) today is up +0.11%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.57%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.18%. June E-mini S&P futures (ESM26 ) are up +0.09%, and June E-mini Nasdaq futures...

Barchart

Indian captain arrested after UK seizes Russian shadow fleet tanker in Channel operation

The UK has arrested and charged an Indian national after intercepting a Russian “shadow fleet” oil tanker in the English Channel, as London simultaneously unveiled a fresh round of sanctions aimed at tightening pressure on Moscow’s wartime economy.

The Times of India

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Is Blue Light Ruining Your Makeup Longevity? Skin Effects and Makeup Tips Explained

From foundation fading to uneven texture, discover how blue light skin effects may influence makeup longevity and which makeup tips can help.

Fashion Times

Iran war is a wake-up call for Southeast Asia's energy sector, IEA report says

The International Energy Agency says Southeast Asia's power sector is too open to risks from its dependence on imports of oil and gas from a limited number of suppliers

AAP

Trump signals swift return of sanctions on Russian oil as G7 refocuses on Ukraine

Donald Trump and G7 leaders are focusing on the Ukraine war, with the United States President considering reimposing sanctions on Russian oil shipments

AAP

Oil prices fall back to $80 per barrel, while US stocks drift

Oil prices are sinking again, while the U.S. stock market drifts near its all-time high

AAP

Crude oil prices fall again, while US stocks drift near their all-time highs

Oil prices are sinking again and dipped below $80 per barrel for the first time since early March, while the U.S. stock market drifts near its all-time high

AAP

US stocks: Dow hits record high as oil slides; SpaceX shares soar

The Dow Jones Industrial Average reached a new record high on Tuesday, driven by falling oil prices amid optimism for a U.S.-Iran peace deal. Meanwhile, SpaceX's market value surged past Amazon's, positioning it as the fifth most valuable U.S. company. The S&P 500 saw a slight gain, while the Nasdaq…

The Economic Times

Energy firms brace for ‘new era’ despite Hormuz deal

The world’s oil and gas majors have high hopes for a quick reopening of the Strait of Hormuz, but they have few illusions about a return to normal for the Gulf energy industry after more than three months of blockage.

Bangkok Post

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The National (Scotland)

Green Party blast Wes Streeting over 'reckless' North Sea oil drilling pledge

THE Green Party have blasted Wes Streeting's pledge to allow more drilling for oil and gas in the North Sea ...

International Business Times

U.S. Military Reportedly Oversaw Secretive Oil Transfers To Bypass Iranian Blockade

The U.S. military has been overseeing ship-to-ship oil transfers on the edge of the Strait of Hormuz during the conflict with Iran to keep oil flowing in the region, according to a new report.

The Economic Times

UK imposes new sanctions on Russian shadow fleet after Indian captain arrest

Ajay Pant, 38, was arrested by the National Crime Agency (NCA) during a joint operation with British armed forces to intercept a Russian shadow fleet oil tanker in the English Channel.

International Business Times

Brent Crude Drops Below $80 a Barrel For The First Time In Months Following U.S.-Iran Deal

Oil kept plummeting on Tuesday, with Brent crude dropping below $80 a barrel for the first time since March.

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Fortune

Current price of oil as of June 16, 2026

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

The Economic Times

India bonds muted as sparse US-Iran deal details cap oil-led gains

Tuesday saw Indian government bonds holding firm amidst a backdrop of market anticipation surrounding a possible U.S.-Iran peace negotiation. The easing of crude oil prices lent a glimmer of hope to traders. The 6.94% 2036 benchmark note yield settled at 6.8651%, as overnight index swap rates dipped alongside the oil…

AAP

Wall Street inches slightly higher, oil prices fall again on hopes for an end to Iran war

Markets on Wall Street leaned toward modest gains before the opening bell Tuesday and oil prices fell again following the U.S. and Iran's announcement a day earlier that they had a reached a tentative deal to end their conflict

Barchart

Cotton Rallying Early on Tuesday

Cotton prices are 100 to 111 points higher so far in early Tuesday action. Futures posted gains of 35 to 56 points across most contracts on Monday. Crude oil was down $3.72 at the close after the US and Iran came to a peace deal over the weekend, to be...

The Economic Times

G7 allies scramble to put Ukraine back atop Donald Trump's agenda as war drags on

G7 leaders are urging President Trump to refocus on the Ukraine war. Discussions at the summit included increasing pressure on Russia through sanctions. Leaders also agreed to provide Ukraine with more air defense. The UK announced new sanctions targeting Russia's oil and gas shipping. Trump expressed frustration over the ongoing…

Grocery Coupon Guide

7 Imported Foods Getting Pricier and What to Buy Instead

Stocking a diverse kitchen often means relying on specialized ingredients that are grown and packaged outside the country. However, rising international shipping costs and complex global trade issues are driving up the price of many popular imported foods. Shoppers are noticing that their favorite foreign delicacies are suddenly blowing a…

The Independent UK

Indian seafarers question US military’s account of tanker strike that killed three crew members

Seamen’s union disputes Centcom claim that it fired on MT Settebello after its crew ignored repeated warnings

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