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The Latest Breaking News from Oil

What should you do with your gold investments amid delay in US-Iran deal, high oil prices and inflationary concerns

Gold prices on MCX slipped amid rising geopolitical tensions, elevated crude oil prices and inflation concerns linked to the delayed US-Iran deal. Experts advise investors to avoid panic selling and instead hold or accumulate gold in phases during dips. Financial gold options like ETFs and mutual funds are preferred. Analysts…

The Economic Times

Potential U.S.-Iran Deal Could Reshape Global Oil Trade After Months Of War: Report

The conflict has disrupted global energy flows, pushed oil prices higher and renewed concerns about the security of one of the world's most important shipping routes.

International Business Times

India's households lose Rs 12.6 lakh crore in brutal Q4 equity selloff as FIIs flee

The report said the ownership gap between individuals and FPIs has reversed sharply over the last decade. "In March 2014, the gap stood at 11 percentage points in favour of FPIs. It has now reversed to 2.9 percentage points in favour of individuals."

The Economic Times

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Hafnia Q1 Earnings Call Highlights

Hafnia (NYSE:HAFN) reported a sharply higher first-quarter 2026 profit as management said geopolitical disruption and tighter tanker availability drove freight rates higher across the product tanker market. Chief Executive Officer Mikael Skov said the quarter was “transformative” for the tanker ind

MarketBeat

Sali Hughes on beauty: Rejoice! The most beloved cleanser in history is back in the UK

Shu Uemura’s legendary Ultime8 face cleanser has made a return. Plus four more excellent options

The Guardian - UK

Ousted BP chief Albert Manifold hits out at ‘false narrative’ after sacking

BP’s board removed him with immediate effect, reporting ‘serious concerns’ related to his conduct, oversight and governance at the oil giant, which he disputes

The Independent UK

The Slow-Motion Oil Crisis Nobody Sees Coming

Oil markets can absorb a shock for a while. The real test comes weeks later, when pre-crisis cargoes stop arriving, and BGN Group's flexible supply chains become essential.

International Business Times

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World shares are mostly higher, tracking Wall Street's fresh records, and oil prices fall

Asian shares are mostly higher and oil prices have fallen after the U.S. stock market rose to more records

AAP

Millions face higher energy bills as UK price cap rises

Ofgem will raise the energy price cap by 13 per cent from July due to the ongoing conflict in the Middle East, the regulator has announced ...

The National (Scotland)

Drone incursions sow fear, chaos along NATO's Baltic and Finnish borders

Military drones are entering the airspace of Finland, Estonia, Latvia, and Lithuania. These incidents raise concerns about the war in Ukraine impacting NATO's northern borders. Ukraine's long-range attacks on Russian oil ports have led to some drones missing targets. This has caused security warnings and even government collapse in Latvia.…

The Economic Times

Oil shock fears ease, but $80-$90 crude may be the new normal: Arvind Sanger

Oil prices may remain high for months, according to market expert Arvind Sanger. While extreme price surges are less likely, consumers should prepare for elevated energy costs. Geopolitical tensions and supply chain issues will keep crude firm. India faces relief from price volatility but needs stronger domestic growth drivers beyond…

The Economic Times

Bo French defeats Railroad Commissioner Jim Wright in GOP primary runoff

Gov. Greg Abbott, Lt. Gov. Dan Patrick and House Speaker Dustin Burrows all supported French’s opponent.

The Texas Tribune

US-Israel war on Iran driving historic levels of global hunger, UN says

Conflict and cuts in funding have left World Food Programme ‘taking from the hungry to feed the starving’

The Guardian - UK

Behind the petrol pump: Why fuel retailers losing Rs 7-8 per litre need $85 crude oil to stop bleeding cash

Oil companies face continued losses of Rs 7-8 per litre on petrol and diesel, with a breakeven point only at crude prices of $85-87 a barrel. Despite recent price hikes, government reluctance to reverse duty cuts and fiscal pressures mean OMCs are absorbing the pain, potentially impacting non-defence capital expenditure.

The Economic Times

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The Economic Times

Global Market: BOJ’s Ueda warns oil shocks can trigger lasting inflation if wages and expectations rise

Central banks must consider broader economic factors beyond isolated oil price movements, as temporary energy shocks can fuel persistent inflation if they influence wages and pricing behavior. Governor Ueda highlighted that the impact of oil price surges depends on prevailing inflation expectations and wage growth trends, with lessons drawn from…

The Economic Times

Siddharth Vora sees broad-based recovery after 1-2 quarters of pain; bets big on metals, stays cautious on quick commerce

Siddharth Vora, Head of Quantitative Investment Strategies at PL Asset Management, is confident in his fund's metals-heavy portfolio. He sees a potential shift in market trends as key macro indicators like crude oil and bond yields may have peaked. This could lead to a rotation into consumer-facing and energy-intensive businesses.

The Conversation

Interest rates look set to hold, after inflation and fuel costs fell in April. But it’s unlikely to last

Inflation actually fell in Australia last month, thanks to temporary government fuel discounts that saw fuel prices come down by 7% from their record peaks in March.

The Economic Times

India says 10 sailors, detained in 2025, released by Iran

Ten Indian sailors have been released from Iran. They were detained on an oil tanker in July 2025. India's shipping authorities confirmed their safe return. Diplomatic engagement led to their freedom. Arrangements are being made for their return to India. This follows a period of detention near Jask Port.

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The Independent UK

Asian shares are mostly higher, tracking Wall Street's fresh records, and oil prices fall

Asian shares are mostly higher and oil prices have fallen after the U.S. stock market rose to records

The Economic Times

Fed up with market shocks? Here is Kotak MF’s formula to stay resilient

In an exclusive conversation, Devender Singhal of Kotak Mutual Fund highlights how a disciplined multi-asset strategy can navigate current market volatility. This approach balances risk across asset classes, reduces emotional investing, and builds long-term wealth resilience, especially in the face of geopolitical and oil price uncertainties.

MyLifeXP

Kejriwal’s One Question On Oil Left BJP Defending Fast

Every time petrol and diesel prices rise, millions of Indians feel the pressure instantly. From auto drivers to office workers, from delivery boys to middle-class families, everyone ends up paying more. This time, the debate exploded after Arvind Kejriwal publicly questioned Prime Minister Narendra Modi over why India is not…

The Economic Times

Oil Price Today (May 27): Crude oil hovers near $100 amid mixed cues on Iran war peace deal. What are experts saying?

Brent crude prices remained volatile as U.S. strikes in southern Iran and mixed signals from President Trump over talks with Tehran kept traders cautious. Disruptions through the Strait of Hormuz are increasing pressure on the global oil market, with inventories declining and potential production losses mounting.

The Texas Tribune

Mayes Middleton defeats Chip Roy for Texas attorney general GOP nomination

Middleton, a conservative state senator and oil and gas executive, put more than $16 million of his own money into the race.

The Economic Times

Global Market Today: Asian stocks climb to record on tech, oil drops

Asian stocks hit a record high, fueled by a surge in technology shares and easing geopolitical tensions. South Korea's SK Hynix reached a $1 trillion market cap, mirroring Wall Street's tech rally. Hopes for a US-Iran peace deal contributed to global equity gains, despite mixed US consumer confidence data.

The Economic Times

US Stock Market on Wednesday: S&P 500, Dow Jones, Nasdaq set for crucial test amidst Iran, Strait of Hormuz deadlock

U.S. Stock markets in much of the rest of the world pulled back from their gains the day before, as fighting continued in the region and the U.S. military.

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