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The Latest Breaking News from Oil

European markets open cautiously ahead of ECB rate decision

The European Central Bank is widely expected to raise interest rates for the first time since 2023 as policymakers respond to rising inflation fuelled by higher energy prices linked to the Iran war.

Euronews

22 ships, no lights: The 'secret mission' in Hormuz Trump says Iran didn't know about

US President Donald Trump on Wednesday claimed that the United States had secretly facilitated the movement of millions of barrels of oil through the Strait of Hormuz without Iran's knowledge, describing it as a covert operation that Tehran was learning about only now.

The Times of India

Fueling Demand: Inside India’s ethanol mobility revolution in reverse

India is launching an ambitious green mobility initiative. The country is establishing E100 fuel stations nationwide before flex-fuel vehicles become common. This strategy aims to reduce oil imports and boost the rural economy. Major automakers are now introducing flex-fuel cars and motorcycles. This rapid development marks a significant shift in…

The Economic Times

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3 Indians were killed on tanker shot by US military, Indian official says

An Indian official said Thursday that three Indian mariners were killed on board a tanker targeted by the U.S. military over allegedly violating America’s blockade on Iran

The Independent UK

Ukraine-Russia war latest: Senior Russian diplomat meets UK, French and German ambassadors in Moscow

Europe has pushed for more peace talks between Ukraine and Russia

The Independent UK

US launches a second day of strikes on Iran and Iran fires back at the Gulf states and Jordan

The United States has launched a second round of airstrikes on Iran and Iran has fired back at Gulf States after President Donald Trump warned that Tehran would "pay the price" for stalled negotiations

AAP

Three missing Indian seafarers dead after US strike on tanker in Gulf of Oman

Three Indian seafarers have died following a U.S. military strike on a tanker in the Gulf of Oman. The U.S. stated the vessel failed to follow instructions and was carrying oil from Iran. India has lodged a strong protest and summoned the U.S. deputy chief of mission.

The Economic Times

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AAP Rolling News Bulletin June 11, 1630

AAP Rolling News Bulletin for June 11 at 1630

AAP

AAP Rolling News Bulletin June 11, 1600

AAP Rolling News Bulletin for June 11 at 1600

AAP

India reports third ship ‘incident’ off Oman after confirming three sailors dead in US strike on tanker

Delhi lodges ‘strong’ protest with Washington and demands accountability for attack on ‘Settebello’

The Independent UK

India bond demand wanes as US-Iran tensions lift oil

Indian government bonds saw reduced demand on Thursday. Renewed U.S.-Iran strikes pushed oil prices higher. This development raises concerns about India's economy, the world's third-largest oil importer. Foreign banks sold Indian bonds, marking a significant outflow. Economists predict mounting costs if the conflict persists. Inflation is expected to average 5.1%…

The Economic Times

World markets walk a tightrope between AI stocks and oil shocks

Global markets are on a knife edge, facing a potential AI boom or oil shocks from the U.S.-Iran conflict. Investors are navigating volatile conditions, with correlations between tech, interest rates, and oil creating uncertainty. The outlook hinges on the Strait of Hormuz reopening, with stagflation risks looming if oil prices…

The Economic Times

Trump's 'Secret Mission' Claim of 200 Ships and 100 Million Barrels Faces Awkward Maths From His Own Officials

Trump says a secret US mission moved 100 million barrels and 200 ships through Hormuz. Officials count about 70 vessels, and the gap could shape pump prices.

International Business Times UK

AAP Rolling News Bulletin June 11, 1530

AAP Rolling News Bulletin for June 11 at 1530

AAP

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The Economic Times

Ten reasons oil is still below $100 a barrel

Global oil prices remain surprisingly low despite the ongoing war in Iran. China's drastic cut in oil imports is a major factor. Demand destruction and increased production from other regions also contribute. Refineries show greater flexibility in processing and output. The market is also influenced by improved information flow and…

AAP

US launches a second day of strikes on Iran and Iran fires back at Gulf States and Jordan

The Times of India

Missile barrage across Gulf puts region on edge; hopes of an Iran-US deal fade as both sides trade fire: 10 things to know

Tensions surge as the US and Iran exchange fresh military strikes. Iran targeted US bases in Bahrain, Kuwait, and Jordan. The US responded with strikes inside Iran. Regional nations condemned Iran's actions. Fears of a wider war across West Asia intensify. The Strait of Hormuz remains a flashpoint. Diplomatic efforts…

AAP

AAP Rolling News Bulletin June 11, 1500

AAP Rolling News Bulletin for June 11 at 1500

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The Economic Times

Gold, silver ETFs tumble up to 7% as US-Iran tensions and inflation fears hit sentiment. Time to buy the dip?

Gold and silver ETFs tumbled on Thursday as precious metal prices fell sharply amid heightened geopolitical tensions, rising crude oil prices and inflation concerns. SBI Gold ETF was the worst-hit gold fund, while silver ETFs also posted losses, prompting investors to reassess buying opportunities in the segment.

The Economic Times

Gold prices dip Rs 1,600/10 gm, silver crashes Rs 5,000/kg after rising oil prices amid West Asia tensions. Time to sell?

Gold and silver prices opened lower on MCX Thursday. Fresh Middle East tensions and rising oil prices impacted sentiment. US attacks on Iran contributed to the decline. MCX silver futures for July 2026 delivery fell significantly. Gold futures for August 2026 delivery also slipped. Soaring inflation amid the West Asia…

AAP

AAP Rolling News Bulletin June 11, 1430

AAP Rolling News Bulletin for June 11 at 1430

The Independent UK

Iran-US war latest: Trump calls off strikes as ‘final points’ of peace deal agreed – but Tehran says otherwise

A formal announcement will be unveiled ‘shortly,’ the Republican president said

Euronews

Iran says ceasefire now 'practically meaningless' after US strikes

After a second day of exchange of fire between the US and Iran, Tehran further said the Strait of Hormuz was now shut to all shipping, a claim CENTCOM denied.

The Economic Times

Petrol, Diesel price today changed amid excise duty relief on ethanol-blended fuel? Check latest rates in Delhi, Mumbai, Kolkata and other cities

Petrol, Diesel price today: Fuel prices remained stable across major Indian cities on June 11, 2026, despite the Centre's excise duty exemption on higher ethanol-blended petrol. This relief targets specific E22-E30 blends, not regular petrol, aiming to boost biofuel adoption and reduce crude oil imports. Consumers will not see immediate…

The Economic Times

Market wrap: Sensex falls 151 points, Nifty closes below 23,200; Infosys, Adani Ports among top losers

Indian stock markets faced sharp movements on Thursday, closing lower. The Sensex and Nifty declined as rising Iran-US conflict spooked investors. Broader markets also saw losses, with IT and other sectoral indices leading the downturn. Oil prices initially surged but later erased gains. The rupee weakened against the US dollar.…

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