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The Latest Breaking News from Oil

Hormuz, Red Sea spark a 1,000% war-risk premium shock

War-risk insurance premiums have surged by as much as 1,000% as tensions across the Strait of Hormuz and the Red Sea disrupt shipping. Fresh Houthi attacks and the US-Iran conflict are raising voyage costs, increasing crude import expenses for India and adding fresh uncertainty to global oil markets.

The Economic Times

Bulletin AM briefing: Burnham cuts business rates and Houthis strike Saudi oil tankers

Here’s five of the biggest stories this morning

The Independent UK

Cutting off Red Sea oil route may be one crisis too many

The Red Sea conflict has disrupted oil flows, impacting global energy markets. This escalation is now forcing oil tankers to reroute, increasing transit times significantly. Asian refining output has plummeted, and China's recovery faces new challenges. Soaring fuel prices are reducing global oil demand, affecting economic activity. The world faces…

The Economic Times

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5 Beauty Products That Were Originally Made For Something Completely Different

Have you ever wondered if the lipstick, moisturizer, or petroleum jelly sitting in your vanity was actually created for beauty at all? Many of the products we now associate with flawless skin and makeup routines were invented to solve completely unrelated problems. Some were designed for doctors, others for factory…

MyLifeXP

Here's how to pre-order the Liberty Beauty Advent Calendar 2026 before it launches in September

Having previously sold out in as little as 25 minutes, this iconic calendar is not to be missed out on

Woman & Home

Asian shares are mostly higher and Mideast tensions push Brent crude past $96

Asian shares are mostly higher, while the intensifying war with Iran pushed Brent crude past $96 a barrel

The Independent UK

Rupee likely shielded by RBI intervention as oil surges

The Indian rupee remained largely unchanged on Thursday. Higher oil prices and central bank actions influenced its movement. Global tensions in the Red Sea and strikes on Iran escalated oil prices. These rising energy costs pose a significant risk to India's economy. The rupee's stability depends on continued foreign investment…

The Economic Times

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Oil prices scorch Indian bonds; rising Treasury yields add to pressure

Indian government bonds declined early Thursday as Middle East tensions escalated. Crude oil prices neared $100 a barrel, and U.S. Treasury yields also rose. Higher oil prices threaten to revive inflation pressures and weaken the Indian rupee. This situation could significantly impact energy-intensive industries and economies. India imports nearly ninety…

The Economic Times

Iran-US war latest: Oil prices surge above $100 as Trump weighs broader Iran offensive

‘They haven’t received enough pain yet,’ president warns after attacks on ships crossing the Red Sea

The Independent UK

Trump says he is 'close to deciding' on a 'massive attack' on Iran

Earlier in the day, Trump threatened the Houthis with "major military punishment" after the Tehran-backed militant group in Yemen claimed on Thursday that it had struck two Saudi oil tankers transiting the Red Sea.

Euronews

Iraq’s impossible predicament: why the country is trapped between Iran and the US

The long read: With the outbreak of this year’s war, Iraq’s balancing act between the two antagonists has collapsed, exposing a perilously fragile state

The Guardian - UK

Climate crisis-driven heat ‘sucking soils dry’ as extreme drought hits Europe

Analysis shows how heatwaves are making atmosphere thirstier, damaging water supplies, food production and power generation

The Guardian - UK

Sensex drops 364 points, Nifty closes below 23,900 as market falls for 4th day on rising Iran-US tensions. What’s ahead?

Indian stock markets extended losses for a fourth session on Thursday. Sensex and Nifty closed lower as oil prices soared significantly. Broader markets also saw declines, with midcap and smallcap indices falling. Mahindra & Mahindra and Tata Consultancy Services shares led gains on Sensex. Adani Ports, Bajaj Finance, and IndiGo…

The Economic Times

Iran-backed Houthis strike Saudi oil tankers amid escalating conflict

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The Independent UK

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AAP

Shares trim gains as bets narrow on interest rate hike

A sustained bounce in miners has pushed the ASX to a third session of gains but tightness in the labour market is putting pressure on the Reserve Bank.

France 24

UN chief says Middle East conflict is at the 'edge of the imaginable'

Ongoing conflict in the Middle East has pushed the region to the "edge of the unimaginable", UN Secretary-General Antonio Guterres warned on Thursday, as Houthi attacks on shipping in the Red Sea threatened to escalate the conflict further. President Donald Trump said the US would hold Iran responsible for these…

Times Life

How Crows Make Multi-Step Tools in the Wild: What Their Behavior Reveals About Bird Intelligence

What Researchers Actually FilmedIn 2016, researchers from the University of Oxford published footage of New Caledonian crows in the wild doing something that had never been documented outside a laboratory: combining two separate materials to create a single functional tool. One crow picked up a short stick, found it too…

The Economic Times

Oil Price Today (July 23): Crude oil crosses $95 as US strikes enter 12th day. Why Goldman says $120 is possible?

Brent crude futures rose $1.93, or 2%, to $96 a barrel, their highest level since June 8. The benchmark had ended the previous session more than $3 higher at $94.07, just below a six-week high. U.S. West Texas Intermediate crude gained $1.44, or 1.7%, to $88.27 after advancing nearly 3%…

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The Economic Times

Oil prices rise to six-week high as US-Iran tensions escalate

Oil prices climbed to a six-week high on Thursday. This surge followed new United States strikes on Iran and Houthi attacks. Iran's Revolutionary Guards reported an oil tanker caught fire near the Strait of Hormuz. The Houthis also threatened vessels carrying Saudi oil in the Red Sea. These events threaten…

Times Life

Six Indian Eco-Lodges That Practice Genuine Sustainability, Not Just Green Marketing

Bison Resort, Wayanad, KeralaBison Resort sits inside the Wayanad Wildlife Sanctuary buffer zone, and it earns that address. The lodge runs on solar power for over 80% of its electricity load, composts all organic waste on-site, and has a documented no-plastic policy that extends to guest toiletries, refillable dispensers, cloth…

The Economic Times

US-Iran tensions underpin dollar as yen nears 40-year low

The dollar stabilized on Thursday as U.S.-Iran tensions increased investor caution. Rising oil prices fueled inflation fears and supported the safe-haven dollar. The Japanese yen languished near a forty-year low with little recovery in sight. European Central Bank is expected to hold rates steady but may hike later. Australian and…

The Economic Times

Gold off two-week peak as oil advances, Fed meeting eyed

Gold prices softened on Thursday after reaching recent highs. Escalating Middle East tensions boosted oil prices and the dollar's safe-haven appeal. Traders now await the Federal Reserve meeting for interest rate clues. Rising oil prices also fueled inflation concerns and potential Fed rate hikes. Other precious metals like silver and…

Times Life

What Cooking on a Gas Stove Without Proper Ventilation Does to Your Lungs Over Time

The Air Inside Your Kitchen Is Often More Toxic Than OutsideA 2022 Stanford University study published in Environmental Science & Technology found that gas stoves can raise indoor nitrogen dioxide (NO2) levels to concentrations that exceed the EPA's outdoor air quality standards within minutes of ignition, even before food hits…

The Economic Times

Global Market Today: Asian shares rise as chipmakers gain, oil climbs

Asian shares advanced as regional chipmakers gained on artificial intelligence buildout expectations. Oil extended its rally after Houthi militants targeted Saudi Arabian tankers in the Red Sea. Alphabet Inc. raised its capital spending significantly, impacting US equity futures negatively. Investors are scrutinizing megacap earnings for AI return on investment signs.…

The Economic Times

D-St set for a negative opening as GIFT Nifty signals weak start

Domestic equities declined as broad-based selling persisted across sectors. India VIX surged, reflecting heightened market volatility and investor fear. Analysts expect sideways trading with a negative bias due to global tensions. Foreign portfolio investors were net sellers, impacting market sentiment negatively. The Indian rupee fell to a two-month low as…

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Shemara Wikramanayake

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