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The Latest Breaking News from Oil

Ukraine-Russia war latest: US clears aid worth $8bn for Kyiv as Zelensky offers to meet Putin to end war

Crucial aid bill for Kyiv cleared as Trump says would be great if Zelensky and Putin meet

The Independent UK

Rachel Roddy’s recipe for baked fish and potatoes with oregano and lemon mayonnaise

Layers of oregano bring a pungent earthiness to this simple supper of baked white fish and spuds

The Guardian - UK

IndiGo shares crack nearly 30% from peak. Will Iran war, soaring oil prices cause more turbulence?

InterGlobe Aviation faces significant challenges in 2026 due to new FDTL norms causing pilot shortages and widespread disruptions. The Israel-Iran conflict further impacted operations with airspace restrictions and rising oil prices, leading to a net loss in Q4 FY26. Analysts remain cautious, with the outlook dependent on oil prices and…

The Economic Times

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Global Market: Japanese bond yields mixed as BOJ rate-hike expectations and inflation concerns shape sentiment

Japanese government bond yields saw mixed trading as investors weighed the Bank of Japan's potential interest rate hike against global inflation worries. Governor Ueda's hawkish remarks fueled expectations of a rate increase in June, signaling a shift towards tighter monetary policy. Meanwhile, rising oil prices due to geopolitical tensions kept…

The Economic Times

Silver gains, gold nears Rs 1.6 lakh as Israel-Lebanon ceasefire fuel Middle East resolution hopes. Key levels to watch today

Gold and silver prices opened higher on Thursday, supported by a weaker U.S. dollar and easing crude oil. Investors are also monitoring optimism around a potential resolution to the U.S.-Israeli conflict with Iran. MCX silver futures for July 2026 rose Rs 753, while gold futures for August 2026 gained Rs…

The Economic Times

Asian shares retreat as US stocks halt their record-breaking rally, while oil prices fall back

Asian shares have retreated following declines on Wall Street that snapped a nine-day winning streak for the S&P 500

AAP

Gold rises on softer dollar, oil as markets weigh US-Iran peace optimism

Gold prices saw a boost on Thursday, driven by a weaker dollar and declining crude oil. Hopes for a U.S.-Iran conflict resolution, following a ceasefire agreement between Israel and Lebanon, are influencing market sentiment. Analysts anticipate a period of fluctuating trade with a slight upward trend for gold towards year-end.

The Economic Times

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Petrol, Diesel Price Today: Has India seen another hike on June 4? Check fuel rates in Delhi, Mumbai, Gurgaon, Chennai and other cities

Petrol, Diesel Price Today: Fuel prices held steady across India on June 4, offering consumers a brief respite. However, rising global crude oil prices, nearing $95 per barrel, are fueling speculation about potential hikes. Such an increase could significantly impact household budgets, transportation costs, and overall inflation, making future fuel…

The Economic Times

Oil Price Today (June 4): Crude oil slips as Israel-Lebanon ceasefire fuels Iran war peace hopes. What’s next?

Oil prices dipped as a ceasefire between Israel and Lebanon sparked hopes for broader diplomatic progress, potentially easing U.S.-Iran tensions. The U.S. House also passed a resolution limiting President Trump's military action against Tehran. Despite these developments, analysts warn that disruptions in the Strait of Hormuz could significantly impact global…

The Economic Times

Dollar clings to 2-month high as Gulf hostilities flare, yen wobbles near intervention zone

Heightened Middle East tensions, including Iranian attacks and U.S. strikes, propelled oil prices and boosted the dollar's safe-haven appeal near a two-month peak. The yen teetered around the 160 mark, sparking intervention fears. Meanwhile, strong U.S. services inflation data reinforced expectations of sustained high interest rates, while the Bank of…

The Economic Times

Why This Modi-Trump Meeting Could Change More Than Trade

The world is watching France. Not because of a major conflict or economic crisis, but because two of the world's most influential leaders may soon find themselves in the same room. Prime Minister Narendra Modi and US President Donald Trump have not met in person since February 2025. Since then,…

MyLifeXP

Muted opening likely as GIFT Nifty indicates a negative start for D-St

Nifty resumed its downward trend, falling on Wednesday due to geopolitical tensions in West Asia and elevated crude oil prices. Persistent FII outflows and a depreciating rupee further pressured the market. Analysts anticipate continued volatility as tensions escalate.

The Economic Times

Global Market Today: Asian stocks drop after Broadcom outlook, oil dips

Asian markets and US futures declined. Broadcom's weak forecast impacted investor sentiment. Renewed US-Iran clashes also weighed on markets. However, a ceasefire between Israel and Lebanon brought some relief. Brent crude prices saw a slight dip following this development. Investors are closely watching geopolitical events.

The Economic Times

Global stocks struggle after chipmaker's dive

Share markets have retreated following renewed US-Iran hostilities and a blip in the AI rally, while oil edged back after an Israel-Lebanon ceasefire.

AAP

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The Guardian - AU

Japan sees shortage of plastic bags, trays and gloves, as Iran war-induced naphtha shortage worsens

The Middle East is Japan’s main source of crude oil, from which naphtha is extracted and used to make items including printing ink and plastics

The Economic Times

Oil Price Prediction: Oil prices climb toward $100 as US stocks end record rally

Oil price prediction remains a major topic for investors as oil prices moved closer to $100 per barrel following renewed tensions involving the United States and Iran. The rise in crude oil prices affected stock markets, bond yields, borrowing costs, and inflation concerns. While Wall Street ended a record-winning streak,…

Barchart

Soybeans Fall into Wednesday’s Close

Soybeans broke to the downside on Wednesday, with contracts down 8 ½ to 11 ¼ cents at the close. The cmdtyView national average Cash Bean price was down 11 1/4 cents at $10.95 1/2. Soymeal futures were 60 cents to $5.40 lower, with Soy Oil futures 30 to 71 points...

Barchart

Cotton Posts Mixed Action on Wednesday

Cotton futures posted weakness in the front months of 3 to 31 points, with deferred contracts steady to 26 points higher on Wednesday. The US dollar index was up $0.301 at $99.785. Crude Oil was another $2.44 higher to $96.20. The Seam reported sales on 137 bales on Tuesday at...

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AAP

Spanish hotel chain Meliá to shutter hotels in Cuba in latest blow to island's tourism sector

Spanish hotel chain Meliá has joined a growing list of companies with a long-standing presence in Cuba that are withdrawing or limiting their operations on the island after the U.S. announced new sanctions while upholding an oil embargo

The Independent UK

Hotel chain latest to shutter business in Cuba in latest blow to island’s tourism

News follows new US sanctions and an ongoing oil embargo

AAP

How major US stock indexes fared Wednesday 6/3/2026

Oil prices rose following the latest threats to the U.S.-Iran ceasefire, and U.S. stocks retreated from their records

The Economic Times

US Fed says Iran war driving 'moderate-to-strong' inflation

US inflation rose at a moderate to strong pace, driven largely by surging energy costs linked to the Iran war, the Federal Reserve said. Higher oil prices disrupted supply chains and lifted input costs, while consumer spending showed widening inequality, with lower-income households facing rising financial strain.

The Economic Times

US stocks today: Dow Jones drops over 500 points as Middle East tensions escalate

Wall Street closed lower as Middle East tensions and rising oil prices triggered inflation concerns and profit booking. Financials and tech stocks led declines, though chipmakers stayed resilient on AI optimism. Strong services data and steady labor conditions contrasted with geopolitical risks, while expectations for a potential Fed rate hike…

International Business Times

Oil Climbs As U.S. And Iran Trade Fresh Strikes, End Of The War Remains Out Of Sight

Oil climbed on Wednesday as the U.S. and Iran traded fresh strikes.

Barchart

Dollar Rallies on Strength in Crude and the US Economy

The dollar index (DXY00 ) on Wednesday rallied to a 1.75-month high, finishing up by 0.31%. The dollar moved higher on Wednesday, supported by a +2% increase in WTI crude oil prices, which lifts inflation expectations and may prompt the Fed to tighten monetary policy, a bullish factor for the...

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