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The Latest Breaking News from Oil

Strait of Hormuz boils again: Iranian drones launched toward global oil corridor shot down, says U.S military

Iran war: U.S. Central Command said it hit the radar sites, including an island in the Strait of Hormuz, “to defend against further attacks.”

The Economic Times

UN food agency says millions are being pushed into hunger by Iran war

The U.N. food agency says millions of people are being pushed into acute hunger by the Iran war, as it warned would happen if the conflict escalated and oil prices remained high

The Independent UK

Cotton Slides Lower on Friday

Cotton futures faced outside pressure on Friday, with contracts down 41 to 137 points across the board, with July falling 240 points. The US dollar index was up $0.643 at $100.025. Crude oil losses of $2.79 added some modest pressure. Weekly CFTC data showed spec funds trimming 1798 contracts from...

Barchart

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Limited interest in latest oil and gas lease sale for Alaska's Arctic National Wildlife Refuge

Two corporations bid on a handful of leases during the latest oil and gas lease sale in Alaska's Arctic National Wildlife Refuge

AAP

Iran Peace Hopes and Weak China Oil Demand Hammers Crude Prices

July WTI crude oil (CLN26 ) on Friday closed down -2.50 (-2.69%), and July RBOB gasoline (RBN26 ) closed up +0.0076 (+0.25%). Crude oil prices settled sharply lower on Friday amid hopes of a US-Iran peace settlement that would allow the reopening of the Strait of Hormuz. Also, Friday's rally...

Barchart

BC-OILS

NEW YORK (AP) — Futures trading on the New York Mercantile Exchange Friday:

AAP

75 Genius Beauty Hacks, Tools & Products for Effortless, Polished Looks

Discover genius beauty & grooming hacks for effortless glam! From liquid latex nail barriers to glow-boosting skincare, these small upgrades make you look polished fast.

Mic

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Polar Bears, Caribou, and an 11-Billion-Barrel Gamble: Inside Trump's Bid to Break Open America's Last Arctic Refuge

The Trump administration has opened 689,000 acres of Alaska's Arctic National Wildlife Refuge to oil and gas bidders, sparking legal challenges and environmental concerns over the pristine habitat.

International Business Times UK

Sugar Prices Slide as Crude Oil and the Brazilian Real Fall

July NY world sugar #11 (SBN26 ) on Friday closed down -0.13 (-0.91%), and Aug London ICE white sugar #5 (SWQ26 ) closed down -2.30 (-0.51%). Sugar prices settled lower on Friday amid weakness in crude oil and the Brazilian real. WTI crude oil (CLN26 ) fell more than -3%...

Barchart

Hedge Funds Ride Oil Volatility To Double-Digit Gains As Iran War Reshapes Commodity Markets

The surge in oil prices resulting from the war in Iran has delivered one of the most profitable trading environments in years for quantitative hedge funds.

International Business Times

Renewables key to Asia prosperity

As the war in the Strait of Hormuz continues to create havoc, Asia remains the worst hit by the global energy crisis. Whether it's a large economy like Japan or China, or a struggling economy like Sri Lanka or Pakistan, the same fate holds. Even nations that produce oil, like…

Bangkok Post

At This New Mexico Park, Mountain Bikers Pedal Amid Hundreds of Oil Wells

The Glade Run Recreation Area is a destination for cyclists, hikers, birders and other outdoor enthusiasts in the middle of a declining oilfield.

Capital & Main

Iran War's Oil Shock Seen Adding Inflation Pressure But Not Major Job Losses: Boston Fed Study

Federal Reserve researchers say rising oil prices linked to the war in Iran are already feeding inflation pressures. However, employment has remained largely stable across most regions.

International Business Times

Cotton Slipping Lower on Friday

Cotton futures are trading with contracts 70 to 86 points in most front months on Friday. The US dollar index is up $0.618 at $100.00. Crude oil losses of $3.01 continue to add pressure. USDA’s Export Sales data has 11.33 million RB of cotton export business, down just 1% from...

Barchart

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Soybeans Posting Weakness on Friday

Soybeans are showing losses of 7 to 10 cents in most contracts on Friday. The cmdtyView national average Cash Bean price is down 9 1/2 cents at $10.60 1/2. Soymeal futures are down $3.50 to $4.60 in the front months, with Soy Oil futures 230 to 253 points lower. Crude...

Barchart

Corn Bears Piling on at Midday

Corn futures are trading with losses of 5 to 7 cents across most contracts on Friday. The CmdtyView national average Cash Corn price is 6 1/2 cents at $3.84 1/2. Crude oil losses of $3.01 continue to add pressure. Weekly Export Sales data has the US corn export commitments at...

International Business Times

Iran War And Strait Of Hormuz Disruption Set To Reshape Energy Security Debate In The Long Term

Energy executives, economists and market analysts say the war in Iran has exposed vulnerabilities in fossil fuel supply chains while accelerating discussion about domestically generated power sources.

Fortune

Putin is running out of money to wage war on Ukraine, and this Russian-occupied territory is running out of fuel as Kyiv smashes supply lines

Russia is reeling as casualties reach staggering heights; recruitment of replacement troops wanes; and areas far from the front lines come under attack.

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Barchart

Crude Oil and Brazilian Real Weakness Undercuts Sugar Prices

July NY world sugar #11 (SBN26 ) today is down -0.10 (-0.70%), and Aug London ICE white sugar #5 (SWQ26 ) is down -2.50 (-0.56%). Sugar prices are moving lower today, under pressure from weakness in crude oil and the Brazilian real. WTI crude oil (CLN26 ) is down more...

The Independent UK

The Latest: US job market shows resilience with 172,000 jobs added last month

The American job market continues to show surprising strength, shrugging off the high costs of the Iran war

Barchart

Crude Prices Fall on Iran Peace Hopes and Weak China Oil Demand

July WTI crude oil (CLN26 ) today is down -1.86 (-2.00%), and July RBOB gasoline (RBN26 ) is up +0.0202 (+0.66%). Crude oil prices are under pressure today, amid hopes of a US-Iran peace settlement that would allow the reopening of the Strait of Hormuz. Also, today's rally in the...

The Economic Times

E85 vs Petrol: How much does it cost, why is it cheaper, and who can use it?

India has launched E85 ethanol-blended fuel in Delhi, priced significantly lower than standard petrol. This move aims to reduce crude oil dependence and promote cleaner mobility. While fuel efficiency may decrease, the cost savings and planned expansion of dispensing stations are expected to drive adoption of flex-fuel technology.

Evening Standard

People of Aberdeen have asked me to save ‘dying’ city, says Badenoch

Voters in the Aberdeen South Westminster seat will go to the polls for a by-election on June 18.

AAP

Stocks slip on Wall Street big tech falls

Trading on Wall Street was mixed again as markets waited to comb through the latest U.S. jobs data for signs that the Iran war or AI are impacting companies' hiring

Fortune

Current price of oil as of June 5, 2026

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

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