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The Latest Breaking News from Oil

Ukraine-Russia war latest: Putin heads to China summit just days after Xi and Trump meeting

The meeting comes after Russia attacked a Chinese ship headed for a Ukrainian port

The Independent UK

Rupee hits record low of 96.18 vs USD as rising yields add to oil shock

The Indian rupee hit a new all-time low against the dollar on Monday, plummeting to 96.18. Soaring global bond yields, fueled by elevated energy prices from the Iran war, have weakened investor confidence. This marks the rupee's fifth consecutive session of record lows, making it Asia's worst-performing currency this year.

The Economic Times

Iran fires a fresh threat: After oil, your Insta reels, Amazon deliveries, WhatsApp chats and Netflix streams could be the next target

From Whatsapp chats, Insta reels to Amazon deliveries, everything could be hit as Iran is considering imposing fees on undersea internet cables passing through the Strait of Hormuz. This move could impact global technology companies and disrupt international internet traffic. The proposal also suggests restricting cable repair work to Iranian…

The Economic Times

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Petrol, Diesel prices hiked again as brent crude rises above $110 barrel? Check fuel rates in Delhi, Mumbai, Chennai and other cities today

Petrol, Diesel prices today: Petrol and diesel prices remained steady on Monday after a recent Rs 3 per litre hike, with further increases anticipated due to rising global oil prices. This surge, driven by Middle East conflict and US-Iran tensions, is pressuring India's foreign exchange reserves as the nation imports…

The Economic Times

Australian shares plunge to seven-week low

The Australian stock exchange has fallen to its lowest level since early April as surging oil prices and runaway price growth send jitters through bond markets.

AAP

Oil Price Today (May 18): Crude oil above $110 again as Iran war tensions deepen. Where is liquid gold headed?

Oil prices climbed on Monday. Hopes for peace with Iran dimmed after an attack on a UAE nuclear plant. President Trump is reviewing military actions. Drone attacks on the UAE and Saudi Arabia increased fears of wider conflict. The Strait of Hormuz remains a key concern for global oil and…

The Economic Times

Rupee seen testing record lows; bonds to extend fall on Iran war jitters

The Indian rupee is poised to hit record lows as investors grapple with growth-inflation risks stemming from the Iran war. Rising Brent crude prices are fueling global inflation concerns, prompting expectations of monetary tightening. India's policymakers are implementing measures to support the rupee and manage balance of payments pressures, while…

The Economic Times

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Gold slips to 1-1/2-month low as Middle East tensions lift oil, cloud rate outlook

Gold prices dropped to a one-month low on Monday. Middle East tensions boosted oil prices, fueling inflation concerns. This reinforced expectations for sustained higher interest rates. Investors are awaiting US Federal Reserve meeting minutes for policy direction. India has also curbed silver imports to ease pressure on its currency. Other…

The Economic Times

Dollar firms as oil climbs, bond rout saps risk appetite

The dollar strengthened globally on Monday, fueled by rising oil prices due to Middle East tensions and a bond market selloff that dampened investor confidence. This surge in oil prices, linked to potential Strait of Hormuz disruptions, is expected to benefit the dollar further. Meanwhile, persistent yen weakness keeps markets…

The Economic Times

Petrol, diesel prices hiked for first time in 4 years; fuel retailers still face a gap of Rs 15-20/litre on sales

India is the world’s third-largest oil importer, heavily dependent on global markets and energy flowing out of the Persian Gulf. In a crisis, the government typically prioritises the protection of its 1.4 billion, price-sensitive consumers and containing inflation, but last Friday’s increase suggests it is beginning to restore a balance…

The Economic Times

Global Market Today: Asian shares slip, oil prices pile pressure on bonds

Asian markets declined Monday. Drone attacks in the Gulf boosted oil prices and bond yields. Investors anticipate Nvidia's earnings report this week, which could impact the AI boom. G7 finance ministers are meeting to discuss the Strait of Hormuz and raw material supplies. High energy costs are driving inflation concerns…

The Economic Times

Oil touches 2-week high after drone attack on UAE nuclear power plant

Oil prices are rising as tensions between the U.S. and Iran escalate. An attack on a nuclear power plant in the United Arab Emirates has heightened concerns. U.S. President Donald Trump is reportedly set to discuss military actions against Iran. This follows recent drone attacks on the UAE and Saudi…

The Economic Times

Stocks in news: Vodafone Idea, Indian Oil, Tata Steel, Dr Reddy's, PFC

Markets closed lower amid geopolitical tensions, rupee weakness, and rising inflation. Upcoming week will be sensitive to US-Iran conflict implications for oil and inflation. Vodafone Idea reported a Rs 51,970 crore net profit due to an accounting gain, while Tata Steel and Hindustan Copper saw significant profit growth in Q4FY26.

The Economic Times

65 Insanely Cheap Things On Amazon That Are Utterly Brilliant

These insanely cheap things on Amazon are so utterly brilliant, you will want to drop them in your cart STAT.

Mic

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The Guardian - AU

Ukraine war briefing: The drones that bombarded Moscow region

Kyiv says electronics factory for weapon parts and oil pumping station among targets; Zelenskyy claims Ukraine outstripping Russia on battlefield. What we know on day 1,545

Fortune

Markets are jittery as the global oil crisis bleeds into a global debt selloff, while Trump weighs new military options on Iran

Trump told Axios "the clock is ticking" for Iran and warned if the regime doesn't make a better deal "they are going to get hit much harder."

Motor1

‘Something Feels Wrong’: Dealership Changes Oil In Woman’s Ford. Then A Wheel Falls Off On Her Way Home. That’s Just The Beginning

A Ford Bronco owner says she noticed something wasn't quite right with her vehicle after getting an oil change and tire rotation.

The Mary Sue

Trump’s ‘peace deal’ in tatters as Russian missiles slaughter 24 in Kyiv, and Zelenskyy’s response just leveled one of Putin’s biggest refineries

Donald Trump’s so-called peace deal is unraveling fast after Russian missiles obliterated a Kyiv apartment block, killing 24 people including three children. Ukrainian President Volodymyr Zelenskyy didn’t waste time retaliating, launching a massive drone strike that just leveled one of Russia’s biggest oil refineries. The exchange marks a brutal escalation…

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The Independent UK

Cuba stockpiles drones and creates list of American targets amid U.S. blockade and takeover threats, report says

Cuba is in the midst of a humanitarian and energy crisis after months of a de facto U.S. blockade on oil imports

The Economic Times

'Fight relentlessly': Ukraine commander vows strikes into Russia

Ukraine's unmanned forces commander, "Madyar," is orchestrating deep strikes into Russia, targeting defense and oil facilities to cripple war funding. These increasingly frequent attacks, aimed at retribution, are enabled by more resources and the gradual dismantling of Russian air defenses, keeping Moscow on edge.

The Times of India

From uranium transfer to frozen assets, US sets 5 conditions in response to Iran’s proposal

Iranian media reported on Sunday that the United States “offered no tangible concessions” in its latest response to Tehran’s proposed agenda for negotiations aimed at ending the war that began with joint US-Israeli strikes on February 28 and has remained paused since April 28.

The Economic Times

Ukrainian drone strikes on Russia kill 4, wound 12 others, while debris lands on Moscow airport

Ukraine conducted a major drone attack on Russia, resulting in casualties and damage near Moscow. Russian air defenses intercepted many drones. This action is seen as retaliation for recent Russian strikes on Kyiv. The attacks highlight Ukraine's capability to strike deep into Russian territory, impacting ordinary citizens and potentially increasing…

The Guardian - US

The American epoch of oil is collapsing. What comes next could be ugly

China is dominating the energy transition with astonishing result, while fossil fuel fascists in the US try to turn back the clock

Ideal Home

Ninja's new saucepan set just proved it can make non-toxic stainless steel pans that are as good as its air fryers – I was wowed by it in my kitchen

Having reviewed a lot of Ninja appliances, it didn’t surprise me that the brand's cookware is also capable and well made

The Independent UK

Ukrainian drone strikes on Russia kill 4 and wound 12 others, while debris lands on a Moscow airport

Russian officials say overnight Ukrainian drone strikes killed at least four people including three near Moscow

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