The Latest Breaking News from Oil

My Family Fled Socialism. Then I Voted for Bernie Sanders.

An immigrant's journey to the radical left and back

Reason · Jun 30

Lingering Supply Risks Could Push Crude Higher Again Despite U.S.-Iran Ceasefire, Analysts Warn

Energy analysts are warning that the market may be underestimating the lingering risks of the Iran war to global oil supplies.

International Business Times · Jun 30

The $1 trillion AI 'arms race' is fueling a hidden supercycle and it's not just chips

DBS Bank says the global AI arms race is driving a multi-year capex supercycle extending beyond semiconductors into energy, networking, infrastructure and data centres. The bank expects AI spending, sovereign AI investments and rising power demand to create new investment opportunities while reshaping portfolio allocation amid geopolitical risks and persistent…

The Economic Times · Jun 30

Kevin Hassett Says Gas Prices Will Drop Once Strait Of Hormuz Traffic Returns To Normal—Democrat Senator Calls Recent Price Hike 'Unacceptable'

President Donald Trump‘s top economic advisor, Kevin Hassett, said on Monday that gas prices in the U.S. will come down to pre-Iran war levels once the traffic through the Strait of Hormuz moves normally.

Benzinga · Jun 30

Rupee ekes out first quarterly gain in five on oil drop, policy salvo

The Indian rupee achieved its first quarterly gain since March 2025, buoyed by falling oil prices and policy efforts to attract dollar inflows. Despite a slight dip on Tuesday, the currency showed resilience, recovering from record lows. Analysts anticipate a stronger growth forecast for India, though importers' demand and central…

The Economic Times · Jun 30

Hormuz, Suez, Taiwan Strait: Why the world’s supply chains now need war-room planning

Global supply chains face unprecedented threats as maritime chokepoints become geopolitical battlegrounds. The US-Iran conflict highlighted how disruptions in vital waterways like the Strait of Hormuz and Bab el-Mandeb trigger widespread economic fallout, from soaring freight rates to increased inflation. Other critical routes, including the Suez, Taiwan, Malacca, and Panama…

The Times of India · Jun 30

India's Russian oil imports to hit record high in June, data shows

India's Russian oil imports hit an all-time high in June, reaching approximately 2.70 million barrels per day. This surge is attributed to refiners seeking Russian barrels to offset potential supply disruptions from the Strait of Hormuz. Russian oil now constitutes over half of India's total crude imports, significantly increasing its…

The Economic Times · Jun 30

Strait of Hormuz: Strategic chokepoint in shadow of geopolitics

The Strait of Hormuz, a key chokepoint for the global trade of crude oil and liquefied natural gas, is at the centre of disputes in negotiations to end the Middle East war, even after the US and Iran signed a preliminary deal. About one-fifth of consumption of global oil and…

The Economic Times · Jun 30

Trump again demands gas retailers drop price after Iran war he started sent prices soaring

President once more appeals for relief for drivers after reports Americans paid an extra $59 billion at the gas pump due to the Middle East conflict

The Independent UK · Jun 30

India plans to add strategic fuel reserves after Iran war shock

India is bolstering its energy security by planning strategic reserves of crude oil, LPG, and LNG to cover up to a month's demand, aiming to prevent supply disruptions like those seen during the Persian Gulf crisis. This ambitious move follows a review of existing, limited stockpiles and includes expanding underground…

The Economic Times · Jun 30