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The Latest Breaking News from Oil

Iran-US war latest: Trump threatens to attack nuclear site as Hegseth reveals staggering cost of war

Trump says US forces will target heavily fortified Pickaxe Mountain area 'very heavily'

The Independent UK

Sensex falls 238 points, Nifty closes below 24,200 despite Iran-US mediation efforts

Indian stock markets experienced a decline on Tuesday, with major indices Sensex and Nifty closing lower. Broader markets, however, showed resilience, with midcap and smallcap indices registering gains. Geopolitical mediation efforts between Iran and the US offered some market sentiment support. Oil prices dipped below ninety dollars per barrel following…

The Economic Times

Tanker crew abandons vessel after reported projectile strike in Strait of Hormuz, UKMTO says

A tanker in the Strait of Hormuz reported being struck by an unknown projectile. Its crew abandoned the vessel and boarded a lifeboat, according to UKMTO. Iran's Revolutionary Guards stated two oil tankers caught fire after explosions. Rescue teams are removing crews from the affected area. Tensions have escalated in…

The Economic Times

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Petrol, Diesel Prices Today (July 21): Fuel rates in Delhi, Mumbai, Kolkata and Chennai changed as crude oil dips below $90? Check here

Petrol, Diesel Prices Today: Indian fuel prices remained unchanged on Monday, July 21, despite global crude oil falling below ninety dollars. Retail fuel costs are influenced by taxes, freight, and exchange rates, not just crude prices. Oil marketing companies review prices daily, but revisions do not always occur immediately. Consumers…

The Economic Times

Aussie shares trim losses, gold bounces on truce hopes

Rising gold prices have helped support the Australian stock exchange following reports US and Iranian mediators are in talks to secure a new ceasefire.

AAP

Gold gains as hopes for US-Iran diplomacy cool oil price rally

Gold prices saw an increase as oil prices softened due to diplomatic efforts. Yemen's Houthis threatened a naval blockade, which could disrupt oil shipping routes. This situation comes amid ongoing tensions between the United States and Iran. Mediators have presented proposals to Tehran, indicating active diplomatic contacts. Meanwhile, Russia's gold…

The Economic Times

Trump says he had 'very good conversation' with new British PM Andy Burnham

Trump held discussions with the newly appointed British Prime Minister, Andy Burnham, with their talks encompassing key topics such as North Sea oil and trade agreements. Furthermore, they delved into military partnerships and the urgent need for demining in the Hormuz Strait, with Burnham reaffirming London's dedication to defense and…

The Economic Times

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Oil Price Today (July 21): Crude oil dips below $90 on hopes of 10-day ceasefire in Iran war. What are experts saying?

Brent crude futures slipped 35 cents, or 0.4%, to $88.87 a barrel, while U.S. West Texas Intermediate crude for September delivery was little changed at $82.47 a barrel. Both benchmarks remained below the more than one-month highs touched in the previous session.

The Economic Times

Oil prices dip as mediation efforts offset US-Iran strikes

Oil prices softened on Tuesday as markets weighed mediation efforts. Fresh attacks between the United States and Iran also influenced market sentiment. Yemen's Houthis threatened a naval blockade of Saudi Arabia, raising energy supply concerns. Diplomatic pushes followed recent strikes and attacks across the region. Oil stockpiles are expected to…

The Economic Times

Dollar near one-week high as markets grapple with Gulf tensions

The U.S. dollar held near a one-week peak as Middle East conflicts created energy supply fears. Markets also watched inflation risks as oil prices swung sharply near six-week highs. U.S. Treasury yields edged higher, reflecting concerns about rising consumer prices. Meanwhile, the New Zealand dollar strengthened after robust inflation data…

The Economic Times

US military completes its latest strikes on Iran, marking the 10th successive night of attacks

A tanker was attacked early Tuesday in the Strait of Hormuz off Oman. Two other ships faced assaults in the strait over the last day. The United States military conducted its tenth consecutive night of strikes on Iran. Nearly one hundred US service members have been injured since early July.…

The Economic Times

D-St set for a negative opening as GIFT Nifty signals weak start

Equity markets faced pressure as Nifty declined, while broader markets showed gains. Analysts expect sideways to mixed trading due to geopolitical tensions and oil prices. The Indian rupee weakened to its lowest level in two months on Monday. India VIX, a fear index, saw a slight decrease settling at 12.98.…

The Economic Times

Global Market Today: Asian stocks recover as chips rebound, oil dips

Asian stocks advanced, recovering from recent losses as chip shares stabilized. Megacap technology earnings are anticipated this week, influencing market direction. Geopolitical tensions in the Middle East and trade concerns are creating investor caution. Elevated oil prices and escalating regional conflicts add to market uncertainty. Investors await corporate results and…

The Economic Times

'They will pay many times over': Donald Trump as US carries out 10th night of Iran strikes

United States forces conducted tenth night of strikes against Iran. These operations aim to reopen the Strait of Hormuz after recent attacks. Iran also targeted US allies Kuwait, Jordan, and Bahrain with missile barrages. Diplomatic efforts continue while the interim ceasefire agreement has collapsed. Global energy supplies face fresh concerns…

The Times of India

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The Times of India

Mediators propose 10-day truce to revive interim deal: Iran official

Iran received a 10-day ceasefire proposal from mediators to end the ongoing conflict. US strikes on Iranian cities continued for a ninth consecutive night. Iran's Revolutionary Guards attacked US military assets across the region. Two oil tankers exploded after attempting to transit the Strait of Hormuz. A vessel was struck…

Barchart

Cotton Holds onto Gains on Monday

Cotton futures were up 9 to 37 points across most contracts on Monday. Crude oil was up another 65 cents per barrel, with the US dollar index up 0.209. Monday afternoon’s Crop Progress showed 73% of the US cotton crop squared as of Sunday, 1% ahead of normal. The crop...

Bangkok Post

Future AI tax gap

Re: "AI adoption accelerates, but maturity lags", (Business, July 16).

Barchart

Stocks Pressured as Middle East Hostilities Boost Inflation Risks

The S&P 500 Index ($SPX ) (SPY ) on Monday closed down -0.19%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.59%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.04%. September E-mini S&P futures (ESU26 ) fell -0.20%, and September E-mini Nasdaq futures...

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International Business Times

Tensions In The Middle East Continue To Escalate With Few Signs Of Concrete Progress. Stocks Edge Down And Oil Climbs

Stocks edged down and oil climbed on Monday as tensions in the Middle East continue to escalate.

Barchart

Dollar Supported by Higher T-Note Yields and Crude Prices

The dollar index (DXY00 ) rose by +0.18% on Monday. The dollar strengthened on Monday as escalation of hostilities between the US and Iran is boosting crude oil prices, which raises inflation expectations that could prompt the Fed to tighten monetary policy, a supportive factor for the dollar. The dollar...

Barchart

Crude Prices Gain on Escalation of US-Iran Hostilities

August WTI crude oil (CLQ26 ) on Monday closed up +0.74 (+0.90%), and August RBOB gasoline (RBQ26 ) closed down -0.0037 (-0.11%). Crude oil and gasoline prices settled mixed on Monday, with crude oil rallying to a 5-week high amid the escalation of hostilities between the US and Iran, which...

International Business Times UK

Record Gold Prices Fuelled by Trump's Trade Turmoil Driving New Amazon Mining Invasion

Gold's record highs, driven by global economic uncertainty, are intensifying illegal mining in Brazil's Amazon, threatening indigenous lands.

The National (Scotland)

John Swinney to push Andy Burnham for powers to hold Scottish independence vote

JOHN Swinney has said he will push Andy Burnham for the powers to hold a second referendum on Scottish independence

The National (Scotland)

Arthur’s Seat, the Cairngorms and Scotland’s escalating climate emergency

CLIMATE change in Scotland is no longer a future threat but a present danger, campaigners have warned, as wildfires around Arthur’s Seat and the…

The Economic Times

Energy shock vs AI boom: RBI should act as and when external shocks push domestic data in a direction, not until then

Global growth faces pressure from an energy shock and a tech boom. The energy shock stems from conflict, impacting oil prices and shipping routes. Meanwhile, an AI boom supports growth, particularly in the United States. India's monetary policy must navigate these conflicting external conditions. RBI's MPC will likely adopt a…

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