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The Latest Breaking News from Oil

Aberdeen Tory by-election candidate hailed Liz Truss ‘vision’ in resurfaced posts

THE Tories’ Aberdeen South by-election candidate gave a “cringeworthy” endorsement of Liz Truss, resurfaced social media posts have shown.

The National (Scotland)

Iran-US war latest: Vance says deal text may be released early as Netanyahu warns he and Trump ‘don’t see eye to eye’

A White House official said Trump’s Iran deal does not include Israel’s conditional withdrawal from Lebanon amid its conflict with Hezbollah

The Independent UK

Lebanon ceasefire, Hormuz reopening, sanctions relief: What the 14-point US-Iran peace deal contains

A draft memorandum between the US and Iran reportedly includes an immediate end to military operations, lifting of sanctions on oil exports, and a $300 billion reconstruction package. The agreement, expected to be signed June 19, focuses on ending hostilities and paving the way for future nuclear talks.

The Times of India

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Kospi jumps 6% as US-Iran peace deal triggers super surge; index up over 100% YTD

South Korean stocks jumped 6% on Monday as easing geopolitical tensions lifted global risk sentiment after the US and Iran reached an initial agreement to end their nearly four-month conflict and restore shipping through the Strait of Hormuz. The KOSPI is now up more than 100% in 2026, led by…

The Economic Times

Shipowners seek clarity on Strait of Hormuz deal as 600 vessels eye exit

Shipowners and traders are cautiously awaiting details on a potential reopening of the Strait of Hormuz, a vital oil and gas route disrupted by conflict. While a US-Iran deal is announced, concerns about safety, mines, and Iranian actions persist, leaving hundreds of vessels stranded and global energy trade in limbo.

The Economic Times

Fragile Iran deal offers oil relief, but Hormuz risks remain

A deal between the U.S. and Iran will reopen the vital Strait of Hormuz, easing global energy supply concerns. However, unresolved disputes mean future flare-ups are possible. Tanker traffic may not fully return to pre-war levels soon. This situation will likely keep oil prices higher. Logistics will take time to…

The Economic Times

Vedanta shares jump over 2% ahead of mega demerger; 4 new stocks to list today

Vedanta Demerger: Vedanta shares surged over 2% as four demerged entities prepared to list on Monday, marking a significant restructuring milestone. Eligible shareholders received one share in each new company for every Vedanta share held. The demerger aims to unlock value across Vedanta's diverse operations in aluminium, oil & gas,…

The Economic Times

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Trump news at a glance: Fate of the strait of Hormuz unclear as president claims ‘toll-free opening’

Trump says the oil will flow but state media reports out of Tehran suggest it could be under ‘Iranian arrangements’ ; UFC paying White House fighters in Trump crypto. Key US politics stories from Sunday 14 June at a glance

The Guardian - US

Tentative deal on ending the Iran war sends stocks soaring while oil prices fall

Shares have soared in Asia after a tentative deal was announced on ending the Iran war and reopening the Strait of Hormuz

AAP

Aussie shares surge as US and Iran strike peace deal

Risk assets have soared after the US and Iran agreed to halt fighting and reopen the Hormuz Strait, a transit lane for a fifth of global oil and gas shipments.

AAP

Strait of Hormuz reopening to ease oil supply risks for India as US-Iran reach truce deal

A "toll free" reopening of the Strait of Hormuz, following a US-Iran ceasefire agreement, promises significant relief for India's crude oil imports. This normalization is expected to lower freight costs, ease inflationary pressures, and stabilize global energy markets, benefiting key sectors and policymakers.

The Economic Times

Petrol, Diesel prices remain unchanged despite 4% drop in crude oil after Iran-US peace deal

Despite a sharp fall in global crude oil prices to below $84 per barrel following Iran-US negotiation reports, fuel prices in India remained unchanged on June 15, 2026. State-run oil companies have kept petrol and diesel rates steady since May 25, as they recover from previous price hikes and exchange…

The Economic Times

What do we know about the US-Iran peace deal – and what questions remain?

Access to the strait of Hormuz and the future of Iran’s nuclear program are among the issues that remain unclear amid a lack of detail on the agreement

The Guardian - AU

Ukraine war briefing: Kyiv decries ‘Russia’s Orthodox values’ as historic Pechersk Lavra monastery burns

Massive attack on Kyiv comes at height of Russian attacks across country; Ukraine strikes Russian explosives and oil sites. What we know on day 1,573

The Guardian - AU

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The Economic Times

Crude Oil Price Today (June 15): Oil hits March lows, down 4% as US, Iran agree peace deal. What are experts saying?

Brent Crude oil price : Brent crude futures fell $3.58, or 4.10%, to $83.75 a barrel, while U.S. West Texas Intermediate crude declined $4.01, or 4.72%, to $80.87. Both benchmarks had already fallen more than 3% on Friday.

The Economic Times

Dollar hits 10-day low as US, Iran reach peace deal

The US dollar weakened significantly on Monday. This happened after news of a peace deal between the United States and Iran emerged. Oil prices dropped sharply, leading investors to seek riskier assets. Currencies like the Euro and Sterling saw gains against the dollar. Analysts expect the dollar to continue falling…

The Economic Times

Indian LNG tanker crosses Strait of Hormuz as US-Iran deal lifts reopening hopes

An LNG tanker has successfully navigated the Strait of Hormuz. This marks a significant step following a peace agreement between the United States and Iran. The waterway's reopening is crucial for global energy supplies. India, a major importer, anticipates relief. Traders and shipowners are closely monitoring the situation for a…

AAP

Deal on ending the Iran war sends stocks soaring while oil prices fall

Shares have soared in Asia after a deal was announced on ending the Iran war and reopening the Strait of Hormuz

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The Economic Times

Gold rises 2% after US, Iran reach peace deal

Gold prices surged 2% as U.S. and Iran officials announced a preliminary deal to end their conflict, leading to lower oil prices and easing inflation concerns. The agreement, set to be signed Friday, also includes reopening the Strait of Hormuz, making bullion cheaper for foreign buyers and reducing expectations of…

AAP

World stocks surge, oil slides on US-Iran deal

World share markets have rallied hard as a framework peace deal between the United States and Iran promises to ease inflationary pressures globally.

The Economic Times

Global Market Today: Asian shares surge, oil skids on Gulf deal

Markets globally surged as a tentative US-Iran peace deal emerged, promising to ease inflation and reduce the need for interest rate hikes. Oil prices plummeted on the news, with Brent crude falling significantly. This development offers relief to central banks worldwide ahead of key policy meetings this week.

The Economic Times

Oil slips 4% as US, Iran reach peace deal to reopen Strait of Hormuz

Oil prices dropped significantly as President Trump and Iran's deputy foreign minister announced an initial deal to end the war and reopen the Strait of Hormuz. The agreement, brokered by Pakistan, includes ending a U.S. naval blockade and aims to restore oil flows, unwinding geopolitical risk premiums. Further negotiations on…

The Economic Times

Bulls Take Charge: GIFT Nifty points to gap-up opening for Dalal Street

Indian equity markets concluded a volatile week on a strong note, breaking a two-week losing streak. This surge was fueled by improving global sentiment and supportive RBI measures. The upcoming week's trading will be influenced by domestic macroeconomic data and key global policy developments, including US-Iran negotiations impacting crude oil…

Salon

Trump announces US-Iran ceasefire deal

The president called on oil tankers to "start [their] engines" in a post to Truth Social

Bangkok Post

US, Iran reach deal to end war, signing set for Friday

DUBAI/WASHINGTON - US and Iranian officials said on Sunday they have agreed on a peace framework for a deal to end their war, halt the US blockade of Iran and reopen the Strait of Hormuz, possibly leading to lower energy prices once oil shipments resume through the critical waterway.

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