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The Latest Breaking News from Oil

Breaking 6 publishers covering this story in the last 6 hours

2h ago Trump Floats 'Epic Fury 2' on Iran While Gas Prices Squeeze Latino Families
2h ago Trump’s oil and gas investments have doubled since the Iran war
3h ago Iran's Economy Keeps Grappling Under the U.S. Blockade. Bessent Said it Will Shrink By More Than 25%.
4h ago María Corina Machado seeks talks with Delcy Rodríguez after return from exile
4h ago Donald Trump says oil companies are making a ‘freaking fortune’ while Americans face higher gas bills

Ryanair ditches family seating fees; Markets at record highs as oil hits pre-Iran war levels – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK · Jun 25

Commodity correction offers buying opportunity; defence, banking remain long-term bets: Dharmesh Kant

Market expert Dharmesh Kant sees commodity corrections as buying opportunities, with the broader cycle intact due to global demand and India's growth. He highlights strong fundamentals for metals like copper and aluminum, and silver's industrial demand. Lower crude oil prices are expected to boost corporate profits, while banking remains a…

The Economic Times · Jun 25

Putin Calls for Peace Talks as Ukraine's Expanding Refinery Strikes Raise Pressure on Russia

Vladimir Putin has renewed calls for peace talks as Ukraine's expanding drone strikes on Russian oil refineries increase economic pressure, forcing Moscow to strengthen defences while continuing its offensive.

International Business Times UK · Jun 25

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Stoic Warrior oil tanker navigates the Strait of Hormuz despite Iran threats

The Stoic Warrior took off early Thursday morning on a trip that saw it hug the coast of the United Arab Emirates and then Oman

The Independent UK · Jun 25

Japan's super-long bonds briefly change course to fall after weak auction

Japan's long-dated bond market saw a dip Friday after a 20-year bond auction attracted weak investor interest. Concerns over increased government spending, particularly a substantial new growth strategy, weighed on demand. This fiscal worry overshadowed positive sentiment from falling oil prices and comments from a Bank of Japan official, leading…

The Economic Times · Jun 25

Crude oil prices crash 42% from April’s $126 peak. More downside coming?

Global oil markets are stabilizing after months of turmoil caused by the Strait of Hormuz closure and war damage. Crude prices have plummeted 42% from their April peak, with Brent falling below $73 a barrel, signaling a return to pre-conflict levels

The Economic Times · Jun 25

India bonds jump ahead of auction as oil erases war-led gains

Indian government bonds saw a significant rally for the fourth consecutive day, buoyed by falling oil prices and positive sentiment from foreign inflows and the Reserve Bank of India's cautious stance on rate hikes. This surge occurred ahead of a substantial debt sale, with benchmark yields dropping. Overseas investors are…

The Economic Times · Jun 25

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‘I hear he’s extremely liberal’: Trump offers first comments on Andy Burnham

The US president told reporters the former Manchester mayor ‘probably won’t open up the North Sea’ for oil exploration

The Guardian - AU · Jun 25

Buy the dip, stay invested: Matt Orton sees more upside for global markets

Global markets are gaining traction as geopolitical worries ease and AI companies report strong earnings. Matt Orton of Raymond James highlights that receding oil prices and sustained AI optimism are turning market dips into buying chances. He emphasizes that while the US dollar's strength poses challenges for emerging markets like…

The Economic Times · Jun 25

Rebound in tech shares pushes Asian shares higher, while oil prices fall

Shares are mostly higher in Asia, led by tech-driven gains in Japan and South Korea

The Independent UK · Jun 25

Iran-US war latest: Tehran strikes ship in Strait of Hormuz as countries try to reopen oil route

The recent strike poses a threat to efforts to reopen the Strait

The Independent UK · Jun 25

Ukraine-Russia war latest: Zelensky orders 40-day offensive to press Putin to end war

France claims interception of Russian ‘shadow fleet’ oil tanker off Sicily

The Independent UK · Jun 25

IndiGo, SpiceJet shares rally up to 4% as crude oil prices fall below pre-war levels after 42% crash

Aviation stocks, including IndiGo and SpiceJet gained after crude oil prices declined sharply as supply concerns eased following progress in the Iran conflict. Lower fuel costs lifted sentiment for airlines, while investors assessed the potential recovery in travel demand and normalisation of global aviation operations.

The Economic Times · Jun 25

Sensex jumps over 700 points, Nifty rises above 24,200 as oil prices cool below $73 per barrel

On Thursday, Indian stock markets experienced a remarkable surge, with both Sensex and Nifty seeing significant gains as oil prices fell below $73 per barrel. This decline in crude oil costs, along with a strengthening rupee, heightened investor enthusiasm. While the Realty and Auto sectors thrived, analysts express concern over…

The Economic Times · Jun 25

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The Economic Times · Jun 25

TotalEnergies awaits ruling in high-stakes climate trial

A French court will rule Thursday on whether oil and gas giant TotalEnergies breached its legal duty to address environmental risks in a high-stakes climate case brought by NGOs and the city of Paris. But the four NGOs that took TotalEnergies to court say the law's reference to prevention of…

AAP · Jun 25

Aussie shares fall as US dollar surges, oil retreats

The ASX200 fell 0.7 per cent as the US dollar rose to its highest level since May 2025 and gold hit an eight-month low.

The Economic Times · Jun 25

Oil Price Today (June 25): Crude oil erases Iran war gains as Hormuz traffic boosts supply. What are experts saying?

Brent crude has slipped below $73 a barrel for the first time since February 27, 2026. It had hit a high of $126 per barrel on April 30 and is down 42% from those levels.

The Economic Times · Jun 25

30 India-bound ships cross Strait of Hormuz since Iran war began, 26 more await transit

Thirty ships bound for India have successfully navigated the Strait of Hormuz, a crucial route disrupted by recent geopolitical tensions. An additional 26 vessels are awaiting passage. Among those that transited, a significant portion carried vital energy supplies like LPG and LNG, alongside bulk cargo and crude oil. This development…

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The Economic Times · Jun 25

Oil prices fall as tankers exit Strait of Hormuz

Oil prices are dropping significantly as tankers resume passage through the Strait of Hormuz following a preliminary peace accord between the US, Israel, and Iran. This easing of supply concerns has pushed prices towards pre-war levels, surprising many analysts. Despite ongoing demining efforts, the flow of oil is expected to…

The Economic Times · Jun 25

Global Market Today: Asian stocks jump with US futures on Micron outlook

Asian markets surged, mirroring US futures, as Micron Technology's stellar sales forecast reignited AI trade confidence. The chipmaker's shares jumped significantly after projecting robust future demand, easing concerns for regional bourses. This optimism, coupled with falling oil prices, provided much-needed relief. Investors are also watching the dollar's strength and Treasury…

The Independent UK · Jun 25

The Latest: Crowd gathers on the National Mall to hear Trump rally for America 250 kickoff

President Donald Trumpwill be on Washington’s National Mall on Wednesday seeking to deliver a campaign-style rally that gets Americans excited about his presidency and America’s 250th anniversary celebrations

Evening Standard · Jun 24

Donald Trump on Andy Burnham: ‘I hear he’s extremely liberal, extremely’

US President Donald Trump told reporters Andy Burnham ‘probably won’t open up the North Sea’ for oil exploration.

Evening Standard · Jun 24

Andy Burnham is ‘extremely liberal’, says Donald Trump in first verdict

The president has repeatedly lambasted the outgoing Prime Minister over his energy stance and for relying on ‘windmills’.

The Independent UK · Jun 24

Trump calls Andy Burnham ‘extremely liberal’ in first remarks on PM hopeful

The US president further dismissed Mr Burnham, describing him as ‘the mayor of a town’

Barchart · Jun 24

Cotton Faces Losses on the Wednesday Session

Cotton futures posted midweek losses of 187 to 247 points across the front months on Wednesday. Crude oil was down another $3.34/bbl to $69.87. The US dollar index was another $0.147 higher at $101.320. The Seam reported 88 bales sold on June 23 at an average price of 72.15 cents....

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