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The Latest Breaking News from Oil

Breaking Live 6 publishers covering this story in the last 6 hours

33m ago Trump’s oil and gas investments have doubled since the Iran war
1h ago Iran's Economy Keeps Grappling Under the U.S. Blockade. Bessent Said it Will Shrink By More Than 25%.
2h ago María Corina Machado seeks talks with Delcy Rodríguez after return from exile
2h ago Donald Trump says oil companies are making a ‘freaking fortune’ while Americans face higher gas bills
2h ago EQT becomes the nation’s leading natural gas ‘juggernaut’ with a $13B deal as data center, export demand surges

Current price of oil as of June 29, 2026

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

Fortune · Jun 29

Oil Edges Up After Hormuz Strait Flareup; WTI Climbs Back Above $70 a Barrel

Oil edged up on Monday after a flareup in the Strait of Hormuz over the past days.

International Business Times · Jun 29

Trump says Iran has requested a meeting, but Iranian officials say nothing has been scheduled

Amidst escalating tensions in the Strait of Hormuz, President Trump announced a potential meeting with Iran in Doha, though Iranian officials denied any scheduled talks. Iran's president claimed $6 billion in frozen assets would be released by Qatar, a move seen as bolstering public support for an interim deal. Recent…

The Economic Times · Jun 29

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Expert Warns Crude Could CRASH Despite Middle East Tensions — Here's Why Petrol Prices May Plunge

Analysts predict oil prices may stabilise as supply improves and demand remains steady, despite ongoing tensions in the Middle East.

International Business Times UK · Jun 29

Cotton Posting Monday AM Gains

Cotton price action is up 75 to 87 points so far on Monday morning. Futures were down 9 to 174 points on Friday. July was down 577 points last week as December was 329 points lower. Crude oil was back down $1.40/bbl to $70.52. The US dollar index was back...

Barchart · Jun 29

Oil cools, monsoon heats up concerns for India's rural economy

The recent drop in crude oil prices is providing some relief from inflation worries. Yet, the unpredictable monsoon season poses a serious risk to the purchasing power in rural India. In light of this, businesses are reshaping their portfolios, recognising that erratic rainfall can hinder agricultural profits and consumer spending.

The Economic Times · Jun 29

Trump administration targets California coastal agency in escalation of energy production fight

US commerce department accuses state of ‘environmental terrorism’ and plans to evaluate its coastal agency

The Guardian - US · Jun 29

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Thousands of households in England and Wales to be eligible for £9,000 of a heat pump – everything we know so far

The Boiler Upgrade Scheme grant is increasing from July

Ideal Home · Jun 29

Trump officials to slash public input on fossil fuel drilling on federal lands

Plan to limit scrutiny of polluters and shift financial risks to taxpayers is attack on democracy, advocates say

The Guardian - US · Jun 29

TAG Heuer’s fourth Gulf Oil watch collaboration highlights the technical chaos of Formula 1 racing

TAG Heuer teams up with Gulf Oil for a fourth time on my favourite watch yet

T3 · Jun 29

Stray Ukrainian drones crashing onto Nato soil are price worth paying to defeat Putin, says Estonian foreign minister

‘We are not saying to Ukraine to stop it,’ said Margus Tsahkna

The Independent UK · Jun 29

China, EU commerce ministers meet amid widening trade imbalance

EU Trade Commissioner Maros Sefcovic and his Chinese counterpart are meeting in Brussels as Europe prepares countermeasures to battle a flood of cheap imports. Also, oil prices climb after a weekend of renewed strikes between the US and Iran, and South Korea unveils a massive new investment in chip production.

France 24 · Jun 29

Electric, hybrid and the road ahead: Mercedes-Benz CEO on the future of driving

“The future is fully electric,”the president and CEO of Mercedes-Benz (Thailand), Christian Schell , declared, expressing his confidence in the automobile's future path. This was emphasized in the first half of 2026 by the oil crisis , when people turned to buying electric vehicles (EVs) in fear of fuel shortages…

Bangkok Post · Jun 29

Putin admits Ukrainian drone strikes are driving Russian fuel shortages

President says attacks on infrastructure are causing ‘obvious’ problems but that they are ‘not critical’

The Guardian - UK · Jun 29

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The Economic Times · Jun 29

Goldman backs India 30-year bonds as Iran war impact contained

Goldman Sachs has recommended buying India's 30-year government bonds, citing easing inflation expectations, lower oil prices and reduced fiscal risks after the US-Iran ceasefire. The brokerage believes the long end of the bond curve offers better value as shorter-term bonds have already rallied.

We Got This Covered · Jun 29

‘Eventually, they start watching back’: Oil rig worker expected storms and to miss his kids, then he found he actually needed to be afraid of the water

“Most of us just don't talk about them.”

International Business Times UK · Jun 29

Russia-Ukraine War Update: Putin Admits Fuel Problems as Ukraine Attacks Two Russo Oil Refineries

Ukraine's strategic strikes on Russian oil refineries have led to fuel shortages, prompting rationing and economic concerns. President Putin acknowledges the crisis, while diplomatic tensions rise.

Bangkok Post · Jun 29

The Road Ahead – What Will We Be Driving Next?

The oil crisis. The rise of electric vehicles. The integration of Artificial Intelligence. The automotive industry has experienced influential forces in recent years that will define the future of how we drive for years to come. In this episode of the Bangkok Post’s “Mind The Gap: The Road Ahead –…

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The Economic Times · Jun 29

Oil risks rise, but Moody's sees India holding firm

Moody's Ratings believes India can manage a wider fiscal deficit this year without jeopardising its investment-grade credit rating. Despite elevated oil prices posing risks, the agency views their impact as temporary and trusts New Delhi's commitment to fiscal consolidation. While high debt servicing remains a concern, Moody's remains confident in…

The Economic Times · Jun 29

Euro zone 10-year yields near three-month lows at start of busy week

Bond yields in the Euro zone are at their lowest since early March, a welcome development for central bankers meeting at the ECB's Sintra Forum. A recent drop in oil prices has eased inflation concerns, leading investors to scale back expectations for interest rate hikes from the ECB and Bank…

The Economic Times · Jun 29

Avoid expensive themes, focus on valuations and stock picking: Samit Vartak

Indian equities have rebounded significantly, yet investor sentiment remains cautious due to ongoing geopolitical uncertainties. Despite this, strong corporate earnings, particularly from small and mid-cap firms, offer encouragement. While crude oil price pressures have eased, unpredictable global events persist. Valuations in the small-cap segment are particularly attractive, presenting opportunities beyond…

The Economic Times · Jun 29

Tata Motors, Castrol join hands to advance used oil circularity across the lubricant value chain

Tata Motors and Castrol India have partnered to launch a pilot program for used oil recycling in Karnataka. This initiative aims to create a traceable system for collecting and processing used engine oil from Tata Motors' service centers, addressing a critical environmental concern. The collaboration seeks to establish a scalable…

The Economic Times · Jun 29

India bonds edge up, supported by steady oil prices, halt to US-Iran strikes

Indian government bonds saw an early rise on Monday, buoyed by strong foreign investment and stable oil prices, which helped offset geopolitical tensions. Despite recent U.S.-Iran strikes, a diplomatic resolution and a dip in crude oil prices eased inflation concerns. This positive sentiment, coupled with RBI incentives and tax cuts,…

The Economic Times · Jun 29

Rupee treads water, traders await range break to gauge directional trend

The Indian rupee held steady as tensions between Iran and the US eased, with traders anticipating a clearer market direction. Currently trading around 94.3675 against the dollar, the rupee has found support from falling oil prices and policy measures. The central bank appears keen to prevent further weakening beyond 95,…

Euronews · Jun 29

Putin admits oil deficit and adjusted fuel plans amid Ukrainian strikes on refineries

A fresh overnight Ukrainian assault set southern Russia’s major Sloviansk refinery on fire, killing one person.

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