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The Latest Breaking News from Oil

Oil prices fall below $80 per barrel, while US stocks drift

Oil prices are sinking again, while the U.S. stock market drifts near its all-time high

AAP

SEEPCO supplies 6 million barrels of Nigerian crude to Indian refiners

Amidst West Asia crisis concerns, India's state-run refiners diversified oil supplies by sourcing nearly six million barrels from Nigeria's SEEPCO between March and May 2026. This move, utilizing crude from SEEPCO's Okwuibome field, bypassed the Strait of Hormuz, bolstering India's energy security during global uncertainty.

The Economic Times

US used Iran-style covert transfers to move 90 million barrels of oil out of Gulf: Report

The U.S. has reportedly established a covert offshore oil-transfer network near the Strait of Hormuz, mirroring Iran's tactics to maintain Gulf crude exports. This operation, involving ship-to-ship transfers off Oman and the UAE, aims to circumvent Tehran's blockade of the vital waterway. While enabling continued exports, the network's reliance on…

The Times of India

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Russian tanker captain remanded into custody after vessel seized in Channel

Ajay Pant charged with sanctions breach over shadow fleet ship carrying 98,000 tonnes of oil boarded by British troops

The Guardian - UK

Financials lift FTSE 100 as oil heads below 80 dollars

US President Donald Trump said the Strait of Hormuz would ‘completely open’ once Washington DC and Iran sign their peace agreement.

Evening Standard

Trump urges Russia to ‘make a deal’ on Ukraine war; signals fresh sanctions

US President Donald Trump said at the G7 summit on Tuesday that Russia should "make a deal" to end the war in Ukraine and signalled that Washington could soon reimpose sanctions on Russian oil, as leaders of the world's major economies agreed to step up pressure on Moscow to bring…

The Times of India

Iran Allowed To Immediately Sell Oil After Signing Deal With U.S.: Report

The memorandum of understanding between the U.S. and Iran allows Tehran to immediately start selling oil, according to a new report.

International Business Times

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

Indian equities extended gains for a third straight session, with Sensex and Nifty rising on optimism over the Iran-US peace framework and lower oil prices. Broad-based buying in IT, realty, FMCG and oil & gas stocks supported the rally, while volatility eased sharply.

The Economic Times

Crude Oil Prices Tumble as End of US-Iran War Set to Boost Oil Supplies

July WTI crude oil (CLN26 ) today is down -3.76 (-4.66%), and July RBOB gasoline (RBN26 ) is down -0.0653 (-2.22%). Crude oil and gasoline prices extended Monday’s sell-off today, with crude falling to a 3.25-month low and gasoline dropping to a 2.25-month low. Crude oil prices are sinking on...

Barchart

Broader Market Weakens as Energy and Software Stocks Fall

The S&P 500 Index ($SPX ) (SPY ) today is down -0.18%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.69%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.83%. June E-mini S&P futures (ESM26 ) are down -0.20%, and June E-mini Nasdaq futures...

Barchart

Badenoch: Makerfield vote is about one man’s job but Aberdeen is about thousands

The Conservative leader was visiting the Aberdeen South constituency ahead of the by-election on Thursday.

Evening Standard

‘Congratulations to all!’: Trump announces US-Iran peace deal is ready to sign, and this time Iran confirms its existence too

“Importantly, the oil is plummeting down and the stock market is shooting up.”

We Got This Covered

Oil prices dip close to levels seen before Iran war on hopes over shipping route

The cost of benchmark Brent crude dropped as low as 79.61 dollars a barrel at one stage.

Evening Standard

Dollar Little Changed on Weak US Housing News

The dollar index (DXY00 ) is little changed today. Weaker-than-expected reports today on US May housing starts and building permits are undercutting the dollar. Also, today's -3% fall in WTI crude oil to a 3.25-month low is bearish for the dollar, as it lowers inflation expectations and could prompt the...

Barchart

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Salon

The secret to better summer beans

Pantry staples have seasons, too

The Independent UK

Captain of Russian shadow fleet ship seized by British troops appears in court

Indian national Ajay Pant has been charged with directly or indirectly supplying or delivering by ship prohibited oil or oil products from Russia to a third country

Barchart

Stocks Supported by Lower Crude Oil Prices and Bond Yields

The S&P 500 Index ($SPX ) (SPY ) today is up +0.11%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.57%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.18%. June E-mini S&P futures (ESM26 ) are up +0.09%, and June E-mini Nasdaq futures...

The Times of India

Indian captain arrested after UK seizes Russian shadow fleet tanker in Channel operation

The UK has arrested and charged an Indian national after intercepting a Russian “shadow fleet” oil tanker in the English Channel, as London simultaneously unveiled a fresh round of sanctions aimed at tightening pressure on Moscow’s wartime economy.

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Fashion Times

Is Blue Light Ruining Your Makeup Longevity? Skin Effects and Makeup Tips Explained

From foundation fading to uneven texture, discover how blue light skin effects may influence makeup longevity and which makeup tips can help.

AAP

Iran war is a wake-up call for Southeast Asia's energy sector, IEA report says

The International Energy Agency says Southeast Asia's power sector is too open to risks from its dependence on imports of oil and gas from a limited number of suppliers

AAP

Trump signals swift return of sanctions on Russian oil as G7 refocuses on Ukraine

Donald Trump and G7 leaders are focusing on the Ukraine war, with the United States President considering reimposing sanctions on Russian oil shipments

AAP

Oil prices fall back to $80 per barrel, while US stocks drift

Oil prices are sinking again, while the U.S. stock market drifts near its all-time high

AAP

Crude oil prices fall again, while US stocks drift near their all-time highs

Oil prices are sinking again and dipped below $80 per barrel for the first time since early March, while the U.S. stock market drifts near its all-time high

The Economic Times

US stocks: Dow hits record high as oil slides; SpaceX shares soar

The Dow Jones Industrial Average reached a new record high on Tuesday, driven by falling oil prices amid optimism for a U.S.-Iran peace deal. Meanwhile, SpaceX's market value surged past Amazon's, positioning it as the fifth most valuable U.S. company. The S&P 500 saw a slight gain, while the Nasdaq…

Bangkok Post

Energy firms brace for ‘new era’ despite Hormuz deal

The world’s oil and gas majors have high hopes for a quick reopening of the Strait of Hormuz, but they have few illusions about a return to normal for the Gulf energy industry after more than three months of blockage.

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