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The Latest Breaking News from Oil

G7 pledges to take 'all necessary measures' to safeguard energy market amid war in Iran

G7 countries said they are ready to take “any necessary measures” to preserve stability in the energy market through coordinated action. However, no specific measures have been announced at this stage.

Euronews

Open for Business or Obliterated: Donald Trump Issues Final Ultimatum to Iran

President Trump ramps up pressure on Iran with threats to destroy key oil infrastructure unless the Strait of Hormuz reopens soon, as mediators scramble amid soaring global oil prices. Regional pleas for peace highlight the high stakes in this volatile showdown.

International Business Times UK

Trump said the Iran war was ‘very complete’ three weeks ago. Oil has surged 50% since, and analysts are warning of stagflation

Gas prices just hit their highest level since Russia’s invasion of Ukraine, and Wall Street is bracing for stagflation as the conflict spreads.

Fortune

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FTSE 100 up as latest peace talk claims weighed

Financial analysts said markets remain nervous amid comments from Donald Trump about seizing Iranian oil and the country’s Kharg Island export hub.

Evening Standard

America's less energy-intensive economy braces against Iran war shock

Over recent decades, the share of U.S. economic activity has increased in service industries that demand less energy.

Axios

US and Iran put water in line of fire on top of oil

TOI correspondent from Washington: US President Donald Trump on Monday threatened to annihilate Iran as a nation, threatening its drinking water infrastructure, energy grid, and its oil wells unless it capitulated in ongoing talks – which Teheran denies are taking place.

The Times of India

This Natural Fix for Crape Myrtle Bark Scale Works Better Than Pesticides – And Won’t Harm Bees and Butterflies

Orange oil can attract natural predators to deal with pest populations

Homes & Gardens

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The Latest: Trump warns Iran energy sites face destruction without a quick deal

President Donald Trump says Iran faces massive damage to its energy system unless it quickly agrees to end the war

The Independent UK

Iran Earns Nearly Double From Oil During War As Strikes Fail To Halt Energy Exports And Global Prices Rise

Despite military strikes, Iran's oil exports have surged, doubling its daily revenue as global crude prices rise.

International Business Times UK

Starmer calls for ‘joint effort’ with business on Iran war economic impact

Bosses from oil firms, shipping companies and banks were invited to Downing Street for crisis talks.

Evening Standard

How countries are responding to oil price surge due to Iran war

Many countries reliant on energy imports are taking emergency measures from free bus travel to four-day working week

The Independent UK

Crude Oil Climbs on Fears of a Protracted Iran War

May WTI crude oil (CLK26 ) today is up +3.05 (+3.06%), and May RBOB gasoline (RBK26 ) is up +0.0791 (+2.48%). Crude oil and gasoline prices are climbing today, with crude oil rallying to a 3-week high after President Trump threatened to escalate the Iran war if there is no...

Barchart

Trump Is Getting His Way in Latin America. But Bully Tactics Have a Cost—and the Bill Is Coming Due.

A brash bid to reassert U.S. dominance is delivering short-term wins. But a region tired of being pushed around may not stay compliant for long.

Reason

Cuba to receive a sanctioned Russian oil tanker, the first such delivery this year

Cuba is preparing to receive a sanctioned Russian oil tanker as the island struggles under a U.S. oil blockade

The Independent UK

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Barchart

Markets Turn Negative as Crude Oil Prices Surge

The S&P 500 Index ($SPX ) (SPY ) today is down -0.75%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.21%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.18%. Stock indexes turned lower this afternoon as the market digests the first $100+ oil...

The Independent UK

How could US forces seize Kharg Island and why is it so risky?

Kharg Island, which hosts Iran's main oil export terminal, has emerged as a key focus in the month-long conflict involving the United States and Israel. Strikes on Kharg's oil infrastructure or a ground invasion would severely curb Iran's oil exports, a crucial revenue source, and could lead to significant regional…

Fortune

Bond yields are falling even as oil tops $102, showing that Wall Street fears recession more than inflation

“The risks to economic growth begin to take precedence over the risks to inflation,” Oxford Economics said in a note on Monday.

Latin Times

Russia Celebrates Arrival of Oil Shipment to Cuba Despite U.S. Blockade: 'We Consider It Our Duty'

Russia welcomed the arrival of an oil shipment to Cuba, framing the delivery as humanitarian assistance despite ongoing U.S. restrictions that have contributed to a deepening energy crisis on the island.

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Barchart

Dollar Supported by Concerns of a Protracted Iran War

The dollar index (DXY00 ) climbed to a 2-week high today and is up by +0.35%. The dollar has safe-haven support on concerns of a protracted Iran war after President Trump told the Financial Times on Sunday that he wants to "take the oil in Iran" and could seize the...

The Guardian - UK

Trump appears to relax oil blockade on Cuba as Russian tanker arrives

US president says he has ‘no problem’ with countries sending oil to Cuba, in potential lifeline to island nation

Barchart

Stocks Rebound as T-note Yields Tumble

The S&P 500 Index ($SPX ) (SPY ) today is up +0.42%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.64%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.32%. June E-mini S&P futures (ESM26 ) are up +0.40%, and June E-mini Nasdaq futures...

The Independent UK

Ukraine allies sent ‘signals’ against Russian oil strikes

IN FULL

The Independent UK

Reeves urged to follow Europe’s example and protect consumers amid spiralling fuel prices

Diesel price hits highest level since December 2022, prompting more calls for No 10 to protect consumers

Evening Standard

Starmer hosts business chiefs as Trump ratchets up threats to Iran’s oil

US president Donald Trump has threatened to wipe out Iran’s oil infrastructure unless a deal is done to open the Strait of Hormuz.

The Times of India

'We didn't participate': Iran rejects Pakistan's mediation role

Iran has rejected any suggestion that it is engaging in mediation efforts hosted by Pakistan, insisting it has not taken part in any such diplomatic initiative even as pressure mounts to end the escalating conflict in the region.

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