The Latest Breaking News from Oil

Stocks Supported by Lower Crude Prices as Geopolitical Risks Ease

The S&P 500 Index ($SPX ) (SPY ) today is up +0.19%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.11%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.03%. September E-mini S&P futures (ESU26 ) are up +0.19%, and September E-mini Nasdaq futures...

Barchart · Jul 10

Iceland heats almost every home with volcanic heat, pumping naturally heated water from deep beneath its active volcanic landscape instead of burning coal, oil, or natural gas

Iceland harnesses Earth's natural heat for widespread geothermal energy. This system provides heating and hot water to nearly ninety percent of households. Geothermal energy also supports various industries and electricity generation in the country. The nation's long-term investment demonstrates a successful renewable energy transformation. Iceland's model offers valuable lessons for…

The Times of India · Jul 10

Global Oil Demand To Drop For The First Time In More Than Five Years, IEA Says

Global oil demand is set to drop for the first time since 2020, according to the International Energy Agency as the war in Iran saw traffic through the Strait of Hormuz plummet.

International Business Times · Jul 10

Many people throw away dryer sheets after one use, but soaking a used sheet in a greasy pan overnight may help loosen baked-on residue

A new kitchen hack involves using used dryer sheets for cleaning. These sheets contain surfactants that help lift oil from solid surfaces. Scientific studies support the effectiveness of these compounds in degreasing. Home cooks have found this method works well on greasy pans. However, caution is advised for cast iron…

The Economic Times · Jul 10

Rupee slips on week as Iran flare-up spurs caution, merchant hedging

The Indian rupee ended nearly unchanged on Friday, but the week closed on a weaker note. Investor caution grew amid renewed hostilities in the Middle East, impacting oil-affiliated currencies. Meanwhile, global stock markets thrived, propelled by AI innovation and SK Hynix's entry in the US. The Japanese yen gained momentum…

The Economic Times · Jul 10

Current price of oil as of July 10, 2026

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

Fortune · Jul 10

How a secret CIA operation in 1953 set the stage for decades of tension between Iran and United States

US-Iran hostility stems from a 1953 CIA-backed coup which removed Prime Minister Mossadegh. Britain's oil dispute with Iran triggered the crisis and led to economic pressure. The Shah's rule, supported by the US, fostered growing opposition and anger. This historical distrust fueled the 1979 revolution and subsequent US embassy hostage…

The Times of India · Jul 10

Three gazpacho recipes to get you through the UK heatwave

As Britain swelters through another heatwave, Hannah Twiggs shares three chilled gazpacho recipes – from roasted vegetables to crab and cherries – that prove cold soup is the smartest thing you can make when it’s too hot to cook

The Independent UK · Jul 10

US To Continue ‘Technical Talks’ With Iran Even After Trump Declares Ceasefire ‘Over’ and Questions Tehran’s Intentions: Report

The United States will continue talks with Iran and remains committed to finding a resolution, even after the two countries traded strikes this week and President Donald Trump declared their ceasefire "over."

Benzinga · Jul 10

Global Market: IEA sees global oil demand recovering as Strait of Hormuz flows resume

Global oil demand is showing signs of recovery as shipments through the Strait of Hormuz resume and crude prices ease, the International Energy Agency (IEA) said. While the agency raised its demand outlook slightly, it cautioned that consumption and production remain well below pre-conflict levels amid lingering Middle East tensions.

The Economic Times · Jul 10