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The Latest Breaking News from Oil

Ukraine ally Britain eases new sanctions on Russian oil as fuel prices surge over Iran war

The U.K. government has quietly delayed some new sanctions on Russian oil to help Britons cope with rising costs from the Iran war

AAP

This is why easing Russia’s oil sanctions is a gut punch to Ukraine

COMMENT: The PM’s decision to ease oil sanctions on Russia will kill Ukrainians and enfeeble Britain, and is a stain on the national reputation, writes world affairs editor Sam Kiley, who has spent more than 11 years covering the region

The Independent UK

Edible oil industry body calls for boosting output, adopting modern farming amid West Asia crisis

India's edible oil imports are a significant economic concern. The Solvent Extractors' Association of India urges increased domestic oilseed production and smarter consumption. These steps are vital for national economic and strategic resilience. The industry seeks policy support to navigate global disruptions and currency fluctuations. Focusing on self-sufficiency offers a…

The Economic Times

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India bonds gain on foreign-bank buying as oil cools

The benchmark 6.48% 2035 bond yield dipped 3.4 basis points to end at 7.0761%, easing ‌the most in ⁠two weeks. ⁠Bond yields move inversely to prices.

The Economic Times

Are Markets Really Safe Yet? Iran War Decision on Hold—Why Investors Are Still Not Out of the Woods

The temporary pause in military action against Iran has eased immediate fears, but investors remain wary due to unresolved geopolitical tensions and market volatility.

International Business Times UK

How to turn leftover cooked new potatoes into a spicy Indian snack – recipe

Leftover new potatoes – if there are any – are a gift of the season. Try them in these samosas

The Guardian - UK

Keir Starmer defends Russian sanctions regime as changes come under fire

SANCTIONS on Russian oil have not been lifted "in any way whatsoever", the Prime Minister has insisted amid fury after rules were relaxed…

The National (Scotland)

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Governments worldwide shield households from rising energy costs

Nations globally are taking action to protect citizens from rising energy prices. Countries are introducing subsidies, tax cuts and fuel conservation measures. Some are increasing domestic production and seeking external financing in an effort to stabilize markets and ensure energy security amidst ongoing global conflicts.

The Economic Times

Keir Starmer insists no lifting of Russian oil sanctions following criticism

A trade licence which allows for the import of jet fuel and diesel refined in third countries came into effect on Wednesday.

Evening Standard

India's infrastructure output grows 1.7% in April; cement, steel, electricity lift core sectors

India's core infrastructure output saw a 1.7% growth in April 2026. Cement, steel, and electricity production expanded strongly. However, coal, crude oil, natural gas, refinery products, and fertilisers experienced contractions. For the full fiscal year 2025-26, cumulative growth reached 2.7%.

The Economic Times

Wall Street points toward gains as oil prices fall and bond yields ease

U.S. markets were poised to open with gains as bond prices eased and oil prices fell

AAP

US waiver unlikely to lift Russian oil exports already near capacity

The US has extended a waiver for Russian oil exports, but traders believe it won't significantly boost shipments. Russia's infrastructure is already at its limit, with recent Ukrainian strikes pushing more crude to export markets. Elevated export levels are crucial for Russia to maintain production, but capacity is nearing its…

The Economic Times

Nasdaq Futures Climb as Bond Yields Fall, Nvidia Earnings in Focus

June Nasdaq 100 E-Mini futures (NQM26) are trending up +0.69% this morning as sentiment improved after Treasury yields retreated from multiyear highs, with attention now turning to an earnings report from chip giant Nvidia.

Barchart

Fury as Labour roll back Russian oil sanctions while 'killing Scotland's North Sea'

A UK Government minister repeatedly ducked questions as he was confronted about Labour relaxing sanctions on Russian oil.

The National (Scotland)

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Tom’s Guide

Forget bleach — this vinegar hack deep cleans the grimiest part of your toilet and makes it smell fresh too

The genius reason cleaning experts spray vinegar around their toilet, and why you should do it too.

AAP

Putin and Xi hail their high-level ties and growing energy trade as they meet in Beijing

Chinese leader Xi Jinping and Russian President Vladimir Putin have hailed their strategic ties and energy trade during a meeting in Beijing

The Economic Times

Stock market rebounds: Sensex recovers 790 points from day’s low, Nifty closes above 23,650

Indian stock markets staged a strong recovery, erasing morning losses. The Sensex and Nifty closed higher as oil prices dropped below $110 per barrel. Bond yields also eased from record highs. Investor sentiment improved broadly across market segments. The Indian Rupee, however, hit a fresh record low against the US…

The Independent UK

UK government’s Russian oil sanction decision explained as Starmer faces criticism

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MarketBeat

Ithaca Energy Q1 Earnings Call Highlights

Ithaca Energy (LON:ITH) reported what executives described as a strong first quarter of 2026, with production in line with full-year guidance, robust cash generation and an outlook for shareholder returns trending toward the high end of its target range. Executive Chairman Yaniv Friedman said the c

The Economic Times

Why CEA Anantha Nageswaran says India is facing a ‘Live Balance of Payments Stress Test’

India faces significant external sector challenges due to rising oil prices, foreign investor exits, and a weakening rupee. Chief Economic Advisor V. Anantha Nageswaran describes this as a "live balance of payments stress test," highlighting pressure on imports, currency stability, and foreign exchange flows. The situation is exacerbated by heavy…

The Independent UK

Ukraine ally Britain eases sanctions on Russian oil as fuel prices surge over Iran conflict

The U.K. government has quietly eased some sanctions on Russian oil to help Britons cope with rising costs

AAP

World shares track Wall Street's retreat as bond markets crank up the pressure

Shares have retreated in Europe and Asia after the U.S. stock market gave back more of its record-setting rally

The Economic Times

Rs 10.9 lakh crore burden: Iran shock can take a load off India's back

Rising oil prices triggered by the Iran conflict are pushing India to accelerate its shift away from fossil fuels, with the government fast-tracking plans for ethanol adoption and commercial vehicle electrification to reduce dependence on imported crude and support the rupee. With crude imports estimated to cost Rs 10.9 lakh…

The Guardian - UK

Streeting says he resigned because Labour ‘in fight of our lives against nationalism’, and is currently losing – as it happened

Former health secretary standing down after saying he no longer had confidence in Keir Starmer

The Guardian - UK

UK delays some sanctions on Russian oil and gas amid Middle East conflict

‘Short-term’ measures on import of jet fuel and diesel, and shipping of LNG, aimed to help tackle soaring prices

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