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The Latest Breaking News from Oil

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

AAP

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…

The Economic Times

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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.

Bangkok Post

Green Party blast Wes Streeting over 'reckless' North Sea oil drilling pledge

THE Green Party have blasted Wes Streeting's pledge to allow more drilling for oil and gas in the North Sea ...

The National (Scotland)

U.S. Military Reportedly Oversaw Secretive Oil Transfers To Bypass Iranian Blockade

The U.S. military has been overseeing ship-to-ship oil transfers on the edge of the Strait of Hormuz during the conflict with Iran to keep oil flowing in the region, according to a new report.

International Business Times

UK imposes new sanctions on Russian shadow fleet after Indian captain arrest

Ajay Pant, 38, was arrested by the National Crime Agency (NCA) during a joint operation with British armed forces to intercept a Russian shadow fleet oil tanker in the English Channel.

The Economic Times

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Brent Crude Drops Below $80 a Barrel For The First Time In Months Following U.S.-Iran Deal

Oil kept plummeting on Tuesday, with Brent crude dropping below $80 a barrel for the first time since March.

International Business Times

Current price of oil as of June 16, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

India bonds muted as sparse US-Iran deal details cap oil-led gains

Tuesday saw Indian government bonds holding firm amidst a backdrop of market anticipation surrounding a possible U.S.-Iran peace negotiation. The easing of crude oil prices lent a glimmer of hope to traders. The 6.94% 2036 benchmark note yield settled at 6.8651%, as overnight index swap rates dipped alongside the oil…

The Economic Times

Wall Street inches slightly higher, oil prices fall again on hopes for an end to Iran war

Markets on Wall Street leaned toward modest gains before the opening bell Tuesday and oil prices fell again following the U.S. and Iran's announcement a day earlier that they had a reached a tentative deal to end their conflict

AAP

Cotton Rallying Early on Tuesday

Cotton prices are 100 to 111 points higher so far in early Tuesday action. Futures posted gains of 35 to 56 points across most contracts on Monday. Crude oil was down $3.72 at the close after the US and Iran came to a peace deal over the weekend, to be...

Barchart

G7 allies scramble to put Ukraine back atop Donald Trump's agenda as war drags on

G7 leaders are urging President Trump to refocus on the Ukraine war. Discussions at the summit included increasing pressure on Russia through sanctions. Leaders also agreed to provide Ukraine with more air defense. The UK announced new sanctions targeting Russia's oil and gas shipping. Trump expressed frustration over the ongoing…

The Economic Times

7 Imported Foods Getting Pricier and What to Buy Instead

Stocking a diverse kitchen often means relying on specialized ingredients that are grown and packaged outside the country. However, rising international shipping costs and complex global trade issues are driving up the price of many popular imported foods. Shoppers are noticing that their favorite foreign delicacies are suddenly blowing a…

Grocery Coupon Guide

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The Independent UK

Indian seafarers question US military’s account of tanker strike that killed three crew members

Seamen’s union disputes Centcom claim that it fired on MT Settebello after its crew ignored repeated warnings

The Economic Times

Oil prices to ease after US-Iran deal, but return to pre-war levels could take months: Analysts

Energy markets anticipate price moderation for crude oil and liquefied natural gas. A potential US-Iran peace agreement and the reopening of the Strait of Hormuz are key factors. However, analysts warn of continued volatility due to supply disruptions and low inventories. India's energy security and import costs are expected to…

International Business Times UK

One Headline Tanked Oil Markets — So Why Is Gold Still Near Record Highs?

Gold prices surge as US-Iran peace deal alleviates inflation concerns. Analysts predict gold could reach $10,000 per ounce by 2030, driven by central bank purchases and geopolitical factors.

Barchart

Stock Index Futures Muted After Three-Day Rally, FOMC Meeting in Focus

June S&P 500 E-Mini futures (ESM26) are down -0.01%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.01% this morning, taking a breather after a three-day rally, while investors turn their attention to the first Federal Reserve meeting under Kevin Warsh.

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The Economic Times

Rupee closes at 94.56 vs USD; US-Iran peace agreement details, Fed guidance awaited

The Indian rupee strengthened for the third day in a row. This rise was supported by positive sentiment and anticipation of a U.S.-Iran peace agreement. Lower oil prices also boosted the rupee. Traders are now awaiting details of the peace deal and guidance from the U.S. Federal Reserve. The rupee…

The Times of India

Kuwait launches 15-year residency scheme for foreign investors with KD5m minimum investment

Kuwait has introduced a new 15-year residency program for eligible foreign investors and senior executives, a significant policy shift aimed at attracting global capital. This initiative seeks to provide greater certainty for long-term business planning and encourage foreign direct investment, supporting economic diversification beyond oil revenues.

Euronews

Moscow oil refinery ablaze after retaliatory Ukrainian drone strike

Kyiv claimed the attack as retaliation for Russia's intensifying aerial campaign, a day after drones damaged a UNESCO-listed monastery complex in the capital.

The Texas Tribune

Texas Railroad Commission race pits oil field engineer against energy trader running on culture wars

Republican Bo French is keeping Islam, immigration and LGBTQ+ issues at the fore of his campaign for Texas’ oil regulatory agency. Democratic foe Jon Rosenthal is betting on his technical expertise.

The Times of India

'Dragging out of war': Ukraine hits Moscow region's largest refinery in deep-strike attack - video

Ukraine has struck an oil refinery in Moscow's region with a drone, causing damage. President Zelenskyy highlighted Ukraine's extended strike capabilities, emphasizing this as a response to Russian attacks and a means to pressure Moscow to end the war. This incident marks a significant escalation in Ukrainian strikes targeting Russian…

The Economic Times

The U.S. is using an Iranian smuggling tactic to sneak oil out of the Gulf

America's military is secretly guiding oil tankers in the Gulf of Oman. This operation uses drones and helicopters to help ships transfer oil. The goal is to keep energy exports flowing despite Iranian actions. At least 92 ships have been involved in these transfers since May. This method mirrors Iran's…

AAP

Global shares are mostly higher and Japan's Nikkei tops 70,000 before BOJ's rate hike

Global shares are mostly higher and Japan's benchmark Nikkei 225 briefly topped 70,000 for the first time before trimming early gains after the Bank of Japan raised its key interest rate to 1%

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