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The Latest Breaking News from Oil

Cuba warns of ‘bloodbath’ as US imposes new sanctions amid rising tensions

Cuba’s leadership warned Monday of a “bloodbath” in the event of a US attack, as Washington imposed new sanctions on the country’s intelligence agency and senior officials. The escalation comes amid reports of heightened military tensions and claims of Cuban drone acquisitions from Russia and Iran.

France 24

Bangchak launches Thailand’s first commercial SAF production

Bangchak Group has launched Thailand’s first commercial production of Sustainable Aviation Fuel (SAF) from the country’s first 100% HEFA-SPK SAF Stand Alone production unit at Bangchak Phra Khanong Refinery. The milestone marks an important step in Thailand’s transition toward future energy, supporting Net Zero ambitions while responding to growing demand…

Bangkok Post

Positive cues from GIFT Nifty point to higher opening for D-Street

Markets are expected to remain event-driven with persistent volatility due to elevated crude oil prices, a weakening rupee, rising bond yields, and inflationary concerns. Despite resilient domestic earnings, investors are wary of the second-order impacts on inflation and the RBI's policy. The India VIX rose to 19.63, indicating market fear.

The Economic Times

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Global Market Today: Oil slips, Asian stocks rise on Iran optimism

Oil prices have fallen and Asian stock markets have risen. President Donald Trump has paused military strikes, sparking hopes for a deal to end the conflict. This development could reopen energy routes through the Strait of Hormuz. Investors are watching closely as negotiations are reportedly underway. Markets experienced volatility due…

The Economic Times

Oil falls over 2% as Trump holds off scheduled attack on Iran

Oil prices dipped as President Trump paused an Iran attack for talks, easing immediate tensions. Brent and WTI futures saw declines. Analysts are watching for a genuine de-escalation or a tactical pause, with Iran's response and Strait of Hormuz tanker movements being key. Sanctions waivers and U.S. Strategic Petroleum Reserve…

The Economic Times

Ukraine war briefing: Chinese ship hit on way in to Odesa port, says Zelenskyy

Civilian vessels under Russian attack in Black Sea; Kyiv condemns Belarus nuclear drills as threat to Nato and global security. What we know on day 1,546

The Guardian - AU

‘Remain calm’: Japan is gripped by fears of a naphtha shortage. What is it and why are people worried?

Few had heard of the crude oil-derived chemical until recently, but shortages caused by the blockade of the strait of Hormuz have led to a spike in concern

The Guardian - AU

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Cotton Rallies into the Monday Close

Cotton futures closed the Monday session with contracts 110 to 309 points higher on the day. The US dollar index was $0.298 lower at $98.91. Crude oil was up $1.83 at $107.25 on the day. NASS Crop Progress data showed 41% of the US cotton crop planted as of May...

Barchart

Maduro ally is charged in Venezuela bribery case after deportation to US

Alex Saab, a close ally of ousted Venezuelan President Nicolás Maduro, has been charged in Miami with bribing officials for government contracts

The Independent UK

Stocks Settle Mixed as Iran War Remains Unresolved

The S&P 500 Index ($SPX ) (SPY ) on Monday closed down -0.07%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.32%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.45%. June E-mini S&P futures (ESM26 ) fell -0.12%, and June E-mini Nasdaq futures...

Barchart

US stocks today: Nasdaq falls as technology stocks slide, Treasury yields climb

US stocks closed mixed as Nasdaq slipped due to profit booking and rising Treasury yields, while Dow edged higher. Oil prices surged on supply disruption fears but later eased after geopolitical comments. Energy stocks outperformed, Nvidia earnings are awaited, and Regeneron fell after a failed drug trial result.

The Economic Times

‘Jiffy Lube Strikes Again!’: Mechanic Inspects Mini Cooper. Then He Sees What Jiffy Lube Forgot To Do

“Does Jiffy Lube even train their employees?”

Motor1

Dollar Slips as President Trump Cancels a Planned Attack on Iran

The dollar index (DXY00 ) fell from a 1.25-month high on Monday and finished down by -0.25%. The dollar gave up overnight gains on Monday and turned lower following reports that the US proposed a temporary waiver of sanctions on Iran's oil. Also, comments on Monday afternoon from President Trump...

Barchart

Though gas prices dropped by a cent last week experts warn another spike could be coming ahead of Memorial Day

Oil markets are sensitive to the ever-shifting geopolitical tensions between the US and Iran, thus making gas prices volatile

The Independent UK

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Barchart

Crude Oil Prices Finish Sharply Higher Amid Tightening Global Supplies

June WTI crude oil (CLM26 ) on Monday closed up +3.24 (+3.07%), and June RBOB gasoline (RBM26 ) closed up +0.0588 (+1.59%). Crude oil and gasoline prices rallied sharply on Monday, with crude posting a 3-week high and gasoline posting a nearly 4-year nearest-futures high. Crude prices soared on Monday...

Fortune

Ryanair’s CFO says the airline has plans for an ‘armageddon situation’ as the jet fuel crisis threatens weaker European airlines this winter

“Do we have plans for some kind of Armageddon situation? Of course, we do, but I don’t see that coming to pass,” said CFO Neil Sorahan.

The Independent UK

Bessent grants a 30-day extension for Russian oil in tankers as Iran war squeezes supply

Treasury Secretary Scott Bessent says the U.S. will give a 30-day extension for countries to import Russian oil already in tankers at sea

Bangkok Post

The economy after China summit

The optics of the summit between Donald Trump and Xi Jinping were carefully staged to signal parity between the US and China. Mr Trump, the first US president to visit mainland China in nearly a decade, was accompanied by an entourage of American CEOs -- including Tesla's Elon Musk, Apple's…

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Woman & Home

Demi Moore debuted nostalgic, voluminous curls at Cannes – and we know why they're so glossy

These 'disco girl curls' make her hair look twice as big (and supremely shiny)

We Got This Covered

Someone bet $800 million on oil prices dropping 15 minutes before Trump posted about Iran peace talks. Federal investigators want to know who.

Can’t be a lucky guess.

International Business Times

EU To Downgrade Growth Forecast Due To 'Stagflationary Shock' From Iran War

The European Union will cut its growth forecast as a result of the "stagflationary shock" from the Iran war, its economy commissioner said.

Barchart

Soybean Rally Holding with Sharp Gains at Midday

Soybeans are up 30 to 39 cents across most contracts on Monday. The cmdtyView national average Cash Bean price is up 39 1/2 cents at $11.52 1/4. Soymeal futures are $2.80 to $4.20 higher, with Soy Oil futures 160 to 185 points in the green. USDA’s FGIS tallied soybean export...

Barchart

Cotton Rallying into Midday Trade

Cotton futures are trading with 193 to 276 point gains at midday. The US dollar index is $0.258 lower at $98.95. Crude oil is up $1.33 at $106.75 on the day. On Sunday, the White House released a fact sheet on the US/China talks from last week, in part stating...

The Economic Times

US extends sanctions waiver on Russian oil for 30 days, Bessent says

Washington has extended its sanctions waiver for Russian oil cargoes at sea by 30 days. This move aims to help vulnerable nations access Russian oil amidst surging global energy prices. The temporary measure provides additional flexibility to stabilize the crude market. This is the second extension of the waiver, which…

The Economic Times

IOC Q4 results: Cons PAT surges 78% YoY to Rs 14,458 crore, revenue rises 7%

Indian Oil Corporation announced a significant 78% jump in net profit for the March quarter. Revenue also saw a healthy increase. The company's board recommended a final dividend for shareholders. Despite global uncertainties, IOC's profitability remained strong. Financial metrics like debt-to-equity ratio and profit margins showed improvement.

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