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The Latest Breaking News from Oil

Updated: Indian bonds fall for third session as oil prices near $100 a barrel

Indian government bonds experienced a decline for the third straight session on Thursday, primarily influenced by escalating tensions in the Middle East, which pushed crude oil prices to nearly $100 a barrel. Additionally, the rise in U.S. Treasury yields dampened market sentiment. Given India's dependency on crude oil imports, this…

The Economic Times

The Houthis Announced An Embargo Of Saudi Oil In The Red Sea. They Began Enforcing it Forcefully

Iran's Houthi allies said they struck two Saudi tankers as part of their embargo of the country's oil in the Red Sea.

International Business Times

Woman Starts Her Buick. Then It Makes A Noise Unlike Any She's Ever Heard: ‘Does Anybody Know What’s Going On?’

'Expect to spend thousands.'

Motor1

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India to build Phase-II strategic oil reserves at Rs 14,527 cr under PPP model

India plans a second phase for its strategic petroleum reserves. This expansion will add 6.5 million tonnes of crude oil storage. Two new facilities will be established in Odisha and Karnataka. The government is also continuously assessing new sites for reserves. This initiative aims to strengthen national energy security and…

The Economic Times

A new threat by Yemen's Houthis could widen the Iran war and put another trade chokepoint at risk

Yemen’s Houthi rebels have declared a blockade on Saudi Arabia, potentially widening the Iran war and further disrupting global trade

The Independent UK

Market wrap: Adani Enterprises, IndiGo, Bajaj Auto among top gainers and losers on Nifty and Sensex on Thursday

Indian benchmark indices extended losses for a fourth straight session as rising oil prices, driven by escalating US-Iran tensions, weighed on sentiment. Analysts warned of inflation risks, weaker market momentum and continued volatility, with Nifty facing resistance near the 24,000 level.

The Economic Times

Stocks Slip Before the Open on AI Spending Worries and Higher Bond Yields

September S&P 500 E-Mini futures (ESU26) are down -0.42%, and September Nasdaq 100 E-Mini futures (NQU26) are down -0.51% this morning as earnings from Alphabet and Tesla heightened concerns over the scale of AI spending, while rising oil prices drove bond yields higher.

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Trump faces a catch-22 on Iran because of midterms, says his former commerce secretary: Face inflation furor or withdraw and look weak

“The war itself, in a kind of technical sense, is over … The question is, can we win the peace? And that’s what Hormuz is about,” Trump’s former commerce secretary, Wilbur Ross, exclusively tells Fortune.

Fortune

U.S. running low on Iran war options

From weapon stockpiles to diplomatic options, the U.S. is operating from a place that has few levers left

Salon

Rupee ends nearly flat as central bank intervention blunts oil strain

On Thursday, the Indian rupee hovered close to a two-month low, influenced by potential intervention from the central bank to counteract rising oil prices. Brent crude oil approached the $100 per barrel mark following recent Houthi attacks, raising fears about India's economic stability. In light of these developments, investors have…

The Economic Times

Current price of oil as of July 23, 2026

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

Fortune

India loses Russia oil discount as Red Sea, Hormuz risks upend crude markets

Russia's crude oil discounts for India have disappeared as Middle East supply disruptions and Red Sea shipping risks boost demand for alternative cargoes. Rising crude oil prices and higher import costs could squeeze margins for Indian refiners, including BPCL, as geopolitical tensions reshape global oil trade and energy markets.

The Economic Times

Iran vows to continue strikes in spreading Mideast war

TEHRAN - Iran vowed on Thursday to keep striking the region so long as it remains under attack, as the Middle East war spread to new fronts with Tehran’s Houthi allies attacking Saudi shipping in the Red Sea.

Bangkok Post

The best cleansers in the UK for every skin type and budget – tested

They’re the foundation of a good routine, but which face wash does our beauty expert rate for oily, dry, or normal skin?

The Guardian - UK

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Euronews

Gulf oil producers race to build alternatives to the Strait of Hormuz as oil hits $100

Gulf oil producers are spending billions of dollars on pipelines designed to route crude around the Strait of Hormuz, as Iran's grip on the waterway drags on causing oil prices to hit $100 a barrel for the first time since May.

The Times of India

'Targeted shadow fleet for first time': EU announces major ops against Russia, unveils fresh sanctions

The European Union on Thursday approved its 21st package of sanctions against Russia over the war in Ukraine, retaining the existing oil price cap for another year while expanding restrictions on banks, crypto firms and, for the first time, vessels linked to Moscow's "shadow fleet". European Commission president Ursula von…

The Economic Times

Global Market: European shares slip as tech stocks drag; ECB policy decision in focus

European shares slipped as weak semiconductor earnings and renewed concerns over AI spending weighed on technology stocks. Energy shares gained as Middle East tensions lifted oil prices, while investors awaited the ECB’s policy decision.

The Independent UK

The European country whose state oil company has been one of the biggest winners of Iran war

Equinor has nearly doubled its quarterly profits as the US-Israeli war against Iran has choked off supplies from the Gulf

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The Guardian - UK

Ousted Ukrainian defence minister refuses any other role in Zelenskyy’s government – as it happened

Mykhailo Fedorov says only in his former post could he ‘combat procurement corruption and complete the army’s transformation’

France 24

War in Ukraine: EU agrees 21st round of sanctions on Russia

EU ambassadors on Thursday reached a political agreement on a new round of sanctions against Russia over the Ukraine war, ‌according to EU diplomats. The 21st ‌sanctions package includes ⁠a 12-month freeze on the Russian oil price cap.

The Independent UK

Mideast oil producers step up plans to bypass the Strait of Hormuz

Before the war in Iran, roughly 15 million barrels of Persian Gulf oil were shipped each day through the Strait of Hormuz

The Economic Times

Domino effect: Gandhar Oil’s 20% upper circuit spurs rally in Savita Oil and Panama Petro. Here’s why

Gandhar Oil Refinery hit the 20% upper circuit after reporting a 689% year-on-year jump in Q1 net profit, triggering a rally in peers Savita Oil and Panama Petrochem. Strong demand across PHPO, PIO and lubricants, along with expanding exports and higher-margin products, boosted investor sentiment.

AAP

Woodside's lawsuit against three protesters thrown out

A judge has dismissed a civil case initiated by an oil and gas giant against three environmentalists over a stink bomb.

The Independent UK

Houthis say they attacked 2 Saudi oil tankers in the Red Sea as US carries out 12th night of strikes

Yemen’s Iran-backed Houthi rebels says they have attacked two Saudi oil tankers in the Red Sea, and the U.S. military said it conducted a 12th night of strikes against Iran as the two countries vie for control of vital shipping lanes

TechRadar

Ransom Canyon season 2 ending explained: are Staten and Quinn back together, who is Yancy's secret wife, Double K and Fuller Ranch feud explained and possible season 3 predictions

Even though some of the main storylines have carried over from season 1, there's a lot to unpack in the Ransom Canyon season 2 ending — so we've done it for you.

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