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The Latest Breaking News from Oil

Crude Oil Prices Plummet on Optimism of US-Iran War to End

June WTI crude oil (CLM26 ) today is down -7.13 (-6.97%), and June RBOB gasoline (RBM26 ) closed down -0.1780 (-4.92%). Crude oil and gasoline prices are plunging today, with crude falling to a 2-week low and gasoline sliding to a 1-week low. Optimism that a US-Iran peace deal is...

Barchart

Hungary returns a seized cash and gold shipment worth $82 million to Ukraine

Hungary has returned a shipment of Ukrainian cash and gold worth $82 million to Ukraine's state Oschadbank

The Independent UK

S&P 500 and Nasdaq 100 at Record Highs on Tech Earnings and US-Iran Peace Hopes

The S&P 500 Index ($SPX ) (SPY ) today is up +1.19%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.33%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.44%. June E-mini S&P futures (ESM26 ) are up +1.19%, and June E-mini Nasdaq futures...

Barchart

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China has played a key role in the Iran war – and will continue to do so

Donald Trump has paused “Project Freedom”, the US operation aimed at restoring commercial shipping through the Strait of Hormuz. In a post on social media just days after the operation was first announced, Trump said he had made the decision to give US negotiators time to reach an agreement with…

The Conversation

15,000 US troops deployed to escort tankers through Hormuz but the real question is why Trump’s blockade is making oil prices worse

Defense Secretary Pete Hegseth has said that 15,000 U.S. troops are now stationed in the Strait of Hormuz to escort oil tankers through the heavily contested waterway. The deployment is part of “Project Freedom,” a new military operation launched to break Iran’s blockade and restore global oil flow. However, while…

The Mary Sue

Norwegian government attacked over decision to reopen North Sea gasfields

Approval for exploration in 70 new areas prompts fierce backlash from fossil fuel opponents

The Guardian - UK

Dollar Tumbles on Optimism US-Iran War Nearing an End

The dollar index (DXY00 ) tumbled to a 2.5-month low today and is down by -0.46%. Optimism that a peace deal between the US and Iran is near is weighing on safe-haven demand for the dollar today. Also, today's -6% plunge in crude oil prices eases inflation expectations and could...

Barchart

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French carrier group moves south of Suez ahead of conditional UK-French Hormuz mission

The carrier’s southward move puts French air assets within range of the strait without entering the Gulf, where the US Navy has been blockading Iranian ports since 13 April.

Euronews

Sweden detains sanctioned oil tanker believed to be linked to Russia's shadow fleet

Sweden's coast guard has detained a tanker suspected of being part of Russia’s so-called “shadow fleet.”

The Independent UK

Stocks Rally on Tech Earnings and Hopes of a US-Iran Peace Deal

The S&P 500 Index ($SPX ) (SPY ) today is up +0.76%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.94%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.19%. June E-mini S&P futures (ESM26 ) are up +0.81%, and June E-mini Nasdaq futures...

Barchart

Trump threatens Iran with more bombing if nuclear deal talks fail

Donald Trump has threatened Iran with further bombing if a deal to end the war is not reached. He said that if Iran agrees to the terms, Operation 'Epic Fury' would end, and the Strait of Hormuz would be open to all. But “if they don’t agree, the bombing starts,…

The Independent UK

US Gas Prices Have Jumped 50% Since Beginning Of Iran War As Supply Shock Pushes Costs Higher

The International Energy Agency described the situation as one of the most severe disruptions to global oil markets in recent history.

International Business Times

Planes and ships could run on kelp someday, but there are serious hurdles

Kelp, a kind of seaweed, can be used in biofuels that one day could power ships and aircraft

The Independent UK

Oil Plunges On Reports That U.S. And Iran Are Making Progress Towards Ending The War

Oil prices are plunging on Wednesday following reports that the U.S. and Iran are making progress towards a memorandum of understanding to end the war.

International Business Times

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inkl

Best Time to Take Fish Oil Supplements for Maximum Absorption

A lot of individuals integrate fish oil supplements into their regular health regimens, which contribute to heart health, brain function, joint comfort, and overall nutritional equilibrium. However, consumers continually ask the same question about when it is best to consume fish oil. If an individual understands how all three of…

Fortune

Current price of oil as of May 6, 2026

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

inkl

Omega-3 Supplements for Healthy Digestion and Gut Wellness

A person's overall well-being is highly influenced by their digestive health, and that digestively healthy people tend to experience greater energy, physical comfort, and general well-being than those with poor digestive health. With the increase in the number of people experiencing digestive disorders due to poor nutrition, stress, processed foods,…

Barchart

Soybeans Facing Oil Pressure Issues on Wednesday Morning

Soybeans are trading with 4 to 7 cent losses early on Wednesday. Futures were 2 ¾ to 11 ¾ cents in the red on Tuesday, with the nearbys leading the charge. Open interest was up 9,873 contracts on Tuesday. There were 24 deliveries issued against May beans overnight. The cmdtyView...

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Barchart

Corn Tumbling Early on Wednesday with Crude Oil Pressure

Corn prices are down 8 to 9 ½ cents on Wednesday AM trade. Futures closed the Tuesday session with deferred contracts fractionally lower to down 5 2/4 cents in the nearbys. In delivery May was down 8 ¼ cents. Open interest was up 11,654 contracts on Tuesday, mainly in September...

Barchart

Cotton Falling on Wednesday Morning with Crude Oil Pressure

Cotton price action is down 180 to 200 points so far on Wednesday morning. Futures were in turnaround action on Tuesday, as contracts closed with 130 to 188 point gains at the close. May expires at the close. The US dollar index is $0.108 higher at $98.370. Crude oil is...

Evening Standard

Oil prices drop below 100 dollars a barrel on renewed hopes over peace deal

The cost of benchmark Brent crude dropped 11% to under 98 dollars a barrel.

The Mary Sue

California woman visits ‘fancy spa’ during friend’s bachelorette trip, gets lathered in oil. Then realizes the therapist told her to ‘dress’

Everyone has embarrassing moments that emerge during conversations, whether during a cozy evening with friends or a family dinner. These moments often remind us how things can sometimes go wrong and, despite that, become a fun story to share.

The Independent UK

All the times Trump said the war in Iran was over - and how the markets reacted

The market has endured frenzied swings in response to Trump’s headline-making statements

Barchart

Nasdaq Futures Rally on Upbeat AMD Earnings and U.S.-Iran Peace Deal Optimism

June Nasdaq 100 E-Mini futures (NQM26) are trending up +1.61% this morning as optimism that the U.S. and Iran are close to a peace agreement, along with upbeat quarterly results and guidance from Advanced Micro Devices, boosted sentiment.

The Guardian - AU

Albanese has announced plans for a $10bn fuel and fertiliser supply package. What will this mean at the petrol pump?

Private companies will be required to hold an extra 10 days of fuel, taking Australia’s overall reserves of diesel and jet fuel to 50-day supply

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