The Latest Breaking News from Oil

Oil price jumps 3% and UK pump prices rise as the US and Iran trade attacks – as it happened

Brent crude remains below $80 a barrel; European shares push cautiously higher while Asian shares tumble with South Korea’s Kospi down nearly 10%

The Guardian - UK · Jul 13

Ukraine-Russia war latest: Kyiv hit in fresh wave of Russian attacks after Putin vows ‘powerful’ response

Attacks come as Zelensky and allies vow to use war-tested Kyiv's defence to protect Europe against Russian ballistic missiles

The Independent UK · Jul 13

Rupee hits one-month low as renewed Mideast conflict lifts oil prices

The Indian rupee reached its weakest point in over a month on Monday. Renewed Middle East hostilities and Iran's Strait of Hormuz claim sent oil prices surging. State-run banks offered dollars, likely on behalf of the Reserve Bank of India. Markets had anticipated less severe escalation, but this risk is…

The Economic Times · Jul 13

India bonds fall as oil spike, Treasury rout weigh

Indian government bonds experienced a decline early Monday, mirroring U.S. Treasury selloffs. Escalating U.S.-Iran tensions boosted oil prices, raising inflation concerns for India. Hopes for inclusion in Bloomberg's flagship index are expected to cushion further bond price drops. Overseas investors have shown persistent demand for Indian government bonds in July.…

The Economic Times · Jul 13

Oil prices climb as Strait of Hormuz tensions reignite supply concerns

Oil prices jumped and Asian shares were mostly lower on Monday after the US carried out airstrikes and Iran retaliated.

Euronews · Jul 13

Sunil Singhania-backed Abakkus Flexi Cap Fund exits 3 Vedanta group companies after demerger. Check complete list

Sunil Singhania-backed Abakkus Flexi Cap Fund exited Vedanta, Vedanta Oil & Gas and Vedanta Iron & Steel following the group's demerger in June, while raising exposure to Vedanta Aluminium and Vedanta Power. The fund also increased stakes in 28 stocks, with its assets under management rising to Rs 5,300 crore.

The Economic Times · Jul 13

Allies to muster more air defence aid for Ukraine as battlefield momentum shifts

Western allies will meet in Paris to secure more air-defence commitments for Ukraine. Ukraine faces increasing exposure to Russian ballistic missiles and needs faster weapon supplies. Leaders will discuss anti-ballistic missile cooperation and potential joint production initiatives. They will also consider ways to crimp Russia's revenue sources and its oil…

The Economic Times · Jul 13

Gold prices fall by Rs 2,000/10 grams, silver dips by Rs 5,400/kg as rising oil prices spur rate hike bets. Should you sell?

Gold and silver prices extended losses on the MCX for a second straight session on Monday amid rising oil prices triggered by fears of a Strait of Hormuz closure. Higher crude prices raised concerns over persistent inflation and prolonged high interest rates, weighing on precious metals.

The Economic Times · Jul 13

Oil prices jump and Asian shares slip as US and Iran carry out airstrikes

Oil prices have jumped and Asian shares are mostly lower after the U.S. carried out airstrikes and Iran retaliated

The Independent UK · Jul 13

Why is market falling today? Sensex plunges 700 points, Nifty tests 24,000. 6 key factors behind the selloff

Indian stock indices Sensex and Nifty experienced significant declines on Monday. Rising oil prices and Middle East tensions dampened investor sentiment across the market. Broader market indices also slipped into the red, reflecting widespread losses. Several major companies saw their share prices drop considerably during trading. The overall market breadth…

The Economic Times · Jul 13