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The Latest Breaking News from Oil

Hormuz Tension Snaps Nasdaq Win Streak: Stock Market Today

It's going to take more than exchanges of social media posts to establish a lasting peace in a historically volatile part of the world.

Kiplinger

‘I would die’: Michigan woman forgot to disconnect her Bluetooth at the oil change, workers heard every second of it

That got awkward fast.

We Got This Covered

Dollar Weakens on Hopes US-Iran Peace Talks to Resume

The dollar index (DXY00 ) on Monday fell by -0.05%. The dollar gave up an early advance on Monday and turned lower after the New York Post reported that Vice President Vance is on his way to Pakistan for talks with Iran, and that President Trump is open to meeting...

Barchart

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read the most diverse news in one place.

Climate groups sue US government over approval of new BP project in Gulf of Mexico

Advocates expressed alarm as new project drills deeper into ocean bed, pointing to company’s failures at Deepwater Horizon spill

The Guardian - US

Crude Oil Prices Sharply Higher as Middle East Peace Efforts in Limbo

May WTI crude oil (CLK26) on Monday closed up +5.76 (+6.87%), and May RBOB gasoline (RBK26 ) closed up +0.1120 (+3.73%). Crude oil and gasoline prices settled sharply higher on Monday after Iran on Saturday said the Strait of Hormuz was closed for shipping following a refusal by the US...

Barchart

Winter Wheat Rallies Keeping Corn, Soybeans Afloat; Cotton Prices Continue to Surge

Did corn prices just put in a bottom?

Barchart

'If Druzhba is operational, Zelenskyy should open it,' Magyar says about pipeline

"He should not go down that street," incoming Hungarian PM Péter Magyar said when asked about new potential Ukrainian demands to reopen the Druzhba pipeline. Brussels ready for Hungary to lift veto if oil flows resume.

Euronews

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Woolworths denies deception, blames inflation for hikes

Inflation and supplier negotiations drove prices higher, not a desire to mislead consumers with short-term hikes, Australia's biggest supermarket says.

AAP

Environmental groups sue Trump administration over approval of new ultra deep-water drilling project

Environmental groups sued the Trump administration on Monday over its approval of oil company BP’s ultra deep-water drilling project in the Gulf of Mexico

The Independent UK

Cotton Continuing Higher at Midday

Cotton futures are trading with contracts up 35 to 46 cents at midday. The US dollar index is $0.053 lower at $97.840. Crude oil is back up $4.92 at midday. Managed money flipped their net short by 18,845 contracts to a net long of 16,825 contracts in cotton futures and...

Barchart

Soybeans Trading with Fractional Gains on Monday

Soybeans are fractionally higher in the front months, with new crop contracts up 3 cents. The cmdtyView national average Cash Bean price was up 3/4 cent at $11.03 3/4. Soymeal futures are down $4.60 to $4.90 on the day, with Soy Oil futures are up 120 to 130 points. Export...

Barchart

Donald Trump just made a stunning claim about China and Iran that has intelligence officials going silent

President Donald Trump announced that China has “agreed” not to send weapons to Iran on Wednesday. China has long denied allegations of sending weapons to Iran but has still been buying sanctioned oil even during the war.

The Mary Sue

FTSE 100 falls back amid renewed US-Iran tension

XTB’s Kathleen Brooks said ‘the market mood is very different at the start of the week compared to Friday’.

Evening Standard

Trump Contradicts His Energy Secretary Over Claim That U.S. Prices May Not Dip Below $3 a Gallon This Year: 'Totally Wrong'

President Donald Trump contradicted his energy secretary, Chris Wright, over his claim that gas prices in the U.S. might not dip back below $3 a gallon this year as the war in Iran drags on and oil prices remain high.

International Business Times

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Capital & Main

As Prices Climb, California Imports More Gasoline Made From Russian Oil

The state’s failure to reduce driving and to stockpile fuel led to dependence on sanctioned oil refined elsewhere.

Fortune

UAE officials reportedly warned they may be forced to use yuan or other currencies if they run low on dollars amid the Iran war

Any pivot away from the dollar by a top oil producer would represent a major threat to the currency’s supremacy.

International Business Times UK

UK 'On Brink' Of Recession — 250,000 People Could Lose Jobs By Mid-2027 Due To Iran War

EY Item Club warns the UK will 'flirt with recession' as the Iran conflict oil shock pushes unemployment to 5.8 per cent and halves GDP growth forecast.

Barchart

Crude Oil Prices Jump as Middle East Tensions Escalate

May WTI crude oil (CLK26 ) today is up +4.87 (+5.81%), and May RBOB gasoline (RBK26 ) is up +0.1140 (+3.79%). Crude oil and gasoline prices are sharply higher today after Iran on Saturday said the Strait of Hormuz was closed for shipping following a refusal by the US to...

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news in one place.

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International Business Times

U.S. Gas Prices Could Stay Above $3 Into 2027 As Global Energy Shock Persists

Consumers face prolonged price pressure as geopolitical risks continue to ripple through global oil markets.

The Times of India

My Take 5 (Edition 66): The week that was in international affairs

Welcome back to another edition of My Take 5. This week we are covering the situation in the Strait of Hormuz, historic elections in Hungary, polls in Bulgaria, Ukraine’s robot army, and the Baltic states’ principled stance against Russian aggression. So let’s get to it.

Barchart

Stocks Weaker as Middle East Peace Prospects Dim

The S&P 500 Index ($SPX ) (SPY ) today is down -0.41%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.31%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.66%. June E-mini S&P futures (ESM26 ) are down -0.42%, and June E-mini Nasdaq futures...

The Independent UK

Over half of voters say they blame Trump ‘a lot’ for spiking gas prices

Most Democratic voters blame president ‘a lot’ – while most Republican voters place no blame on him at all

The Independent UK

Trump throws his own Energy Secretary under the bus and says he’s ‘totally wrong’ about gas staying above $3

Iranian forces said on Sunday that the Strait of Hormuz would remain closed as the U.S. blockade persists, spiking oil prices again

Barchart

Dollar Climbs as US-Iran War Tensions Rise

The dollar index (DXY00 ) today is up by +0.08%. The dollar is climbing today on ramped-up tensions in the Middle East after Iran on Saturday said the Strait of Hormuz was closed for shipping following a refusal by the US to lift a naval blockade of Iran's vessels. Also,...

Barchart

Stocks Retreat on Middle East Peace Doubts

The S&P 500 Index ($SPX ) (SPY ) today is down -0.21%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.24%. June E-mini S&P futures (ESM26 ) are down -0.18%, and June E-mini Nasdaq futures...

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