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The Latest Breaking News from Oil

Crude Oil Prices Jump as US Domestic Supplies Tumble

July WTI crude oil (CLN26 ) today is up +0.90 (+1.18%), and July RBOB gasoline (RBN26 ) is up +0.0098 (+0.34%). Crude oil and gasoline prices are moving higher today, with crude recovering from a 3.5-month low. Crude oil prices are climbing today on some technical buying after sharp losses...

Barchart

Ahead of Market: 10 things that will decide stock market action on Thursday

Indian equities advanced for a fourth straight session as easing geopolitical tensions, lower crude oil prices, softer bond yields and a stronger rupee boosted sentiment. Gains in IT, metals and PSU banks lifted benchmarks, while India VIX remained subdued amid improving market confidence.

The Economic Times

Why Albertans are seeking a referendum on separation from Canada

Albertans will head to the polls in October for what has been referred to as a “referendum on a referendum”. They will be asked to choose between two options: should Alberta remain a province of Canada, or should their province begin the legal process to hold a binding referendum on…

The Conversation

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No, Trump Isn't 'Paying' Iran $24 Billion To End the War

There’s a lot of confusion about sanctions relief and the U.S.-Iranian deal on the table. Hawks are exploiting it to sabotage the peace.

Reason

3 Stocks to Watch If the Strait of Hormuz Reopens

Falling crude oil prices tied to a U.S.-Iran ceasefire MOU could benefit airlines, logistics firms, and integrated energy companies like Delta, FedEx, and Chevron.

MarketBeat

Stocks Mixed Ahead of FOMC Meeting Results

The S&P 500 Index ($SPX ) (SPY ) today is down -0.15%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.30%. June E-mini S&P futures (ESM26 ) are down -0.17%, and June E-mini Nasdaq futures...

Barchart

Draining the Tank: Big Oil Runs on Fumes

The sudden diplomatic breakthrough resolving Middle Eastern supply tensions is accelerating a major market rotation into consumer equities as fuel costs drop.

MarketBeat

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Wall Street sinks on bets Fed will hike rates in 2026

The Dow Jones Industrial Average has fallen 507.12 points, or 0.98 per cent, to 51,492.55 after two straight sessions of record-high closing levels.

AAP

Stocks Supported by Chip Stock Strength and Strong US Retail Sales

The S&P 500 Index ($SPX ) (SPY ) today is up +0.23%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.26%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.74%. June E-mini S&P futures (ESM26 ) are up +0.19%, and June E-mini Nasdaq futures...

Barchart

‘No friends to the oil and gas industry’: Aberdeen South, the byelection where one topic dominates

Peter Murrell affair may feature, but contest seen as straight fight between SNP and Tories over energy policy

The Guardian - UK

China, India, Iraq: Iran has billions in frozen assets. But where is it stored?

Iran has spent years trying to regain access to billions of dollars in overseas funds frozen by sanctions. Now, as Tehran enters negotiations with the Trump administration over a broader agreement to end the conflict and address its nuclear programme, those assets have become one of the most important issues…

The Times of India

US stocks drift ahead of the Fed's announcement on interest rates

The U.S. stock market is drifting as Wall Street waits to hear from the Federal Reserve in the afternoon about where it sees interest rates going

AAP

US stocks: US market ticks up ahead of first Fed policy decision under Warsh

U.S. stock indexes opened higher on Wednesday, with chip stocks rebounding ahead of the Federal Reserve's first interest rate decision under new Chair Kevin Warsh. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all saw gains in early trading.

The Economic Times

Current price of oil as of June 17, 2026

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

Fortune

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Evening Standard

Bank set to hold interest rates after steady inflation and Iran peace deal

New inflation data has reinforced expectations that policymakers will not need to increase interest rates at the next announcement on Thursday.

Barchart

Cotton Rally Extending to Wednesday

Cotton prices are trading with Wednesday morning gains of 110 to 159 points. Futures saw gains of 35 to 184 point gains across the board on Tuesday. Crude oil was down $4.08 at $76.673. The US dollar index was down $0.071 at $99.305. Monday afternoon’s Crop Progress showed US cotton...

AAP

Iran will reopen the Strait of Hormuz and can sell oil freely under deal with the US, officials say

Iran will immediately take steps to reopen the Strait of Hormuz once a tentative deal with the U.S. to end the war is signed and will be allowed to sell its oil without restrictions

The Economic Times

India bonds pause oil-led rally ahead of Fed verdict

Indian government bonds saw their rally pause on Wednesday. Oil prices stabilized, and the US Federal Reserve's upcoming policy decision kept investors cautious. The benchmark 10-year bond yield hovered near a 12-week low. Traders are now awaiting the Fed's verdict. Hawkish guidance could impact foreign investment in Indian bonds. Overseas…

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AAP

Wall Street steadies and oil trades below $80 with focus on end to Iran conflict

Wall Street pointed toward modest gains in premarket trading and oil was trading below $80 a barrel on optimism that Iran will quickly open the Strait of Hormuz once a tentative deal with the U.S. to end the war is signed on Friday

The Guardian - UK

How to turn yoghurt pot scrapings into a marinade for fried chicken – recipe

An almost-empty container can be a vessel for food alchemy

Evening Standard

Labour accused of ‘destroying’ North Sea jobs ahead of Aberdeen by-election

Shadow energy secretary Claire Coutinho claimed Deputy Prime Minister David Lammy is more willing to take oil from Russia or Qatar than Aberdeen.

The Times of India

Russia-UK tensions flare again: What make the English Channel so contentious

A recent incident involving a Russian frigate firing warning shots near a British yacht in the English Channel has reignited historical tensions. This event, occurring near the Isle of Wight, echoes the 1904 Dogger Bank incident. The Channel's strategic importance for Russia's vital oil exports, often carried by a 'shadow…

The Independent UK

G7 leaders back Trump's plan to end Iran war that faces skepticism at home

Leaders at the Group of Seven summit have backed U.S. President Donald Trump's tentative agreement with Iran to open the Strait of Hormuz and extend a ceasefire

The Economic Times

Rupee closes flat at 94.52 vs USD as oil-led rally faces off against dollar demand; Fed verdict looms

The Indian rupee closed almost flat against the US dollar on Wednesday. Earlier gains were erased as corporate and importer demand for dollars increased. A significant drop in oil prices had initially boosted the rupee. Market focus now shifts to the US Federal Reserve's policy decision. Commentary from the Fed…

The Times of India

What is in the 14 point interim US-Iran peace deal? Read full text

Leaked details of a tentative US-Iran agreement suggest Tehran would immediately move to reopen the Strait of Hormuz once a ceasefire deal is signed, alongside the ability to resume unrestricted oil exports. The interim accord, expected to be formally signed in Switzerland on Friday, reportedly includes US backing for at…

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