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The Latest Breaking News from Oil

Ukraine-Russia war latest: Zelensky orders 40-day offensive to press Putin to end war

France claims interception of Russian ‘shadow fleet’ oil tanker off Sicily

The Independent UK

IndiGo, SpiceJet shares rally up to 4% as crude oil prices fall below pre-war levels after 42% crash

Aviation stocks, including IndiGo and SpiceJet gained after crude oil prices declined sharply as supply concerns eased following progress in the Iran conflict. Lower fuel costs lifted sentiment for airlines, while investors assessed the potential recovery in travel demand and normalisation of global aviation operations.

The Economic Times

Sensex jumps over 700 points, Nifty rises above 24,200 as oil prices cool below $73 per barrel

On Thursday, Indian stock markets experienced a remarkable surge, with both Sensex and Nifty seeing significant gains as oil prices fell below $73 per barrel. This decline in crude oil costs, along with a strengthening rupee, heightened investor enthusiasm. While the Realty and Auto sectors thrived, analysts express concern over…

The Economic Times

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TotalEnergies awaits ruling in high-stakes climate trial

A French court will rule Thursday on whether oil and gas giant TotalEnergies breached its legal duty to address environmental risks in a high-stakes climate case brought by NGOs and the city of Paris. But the four NGOs that took TotalEnergies to court say the law's reference to prevention of…

The Economic Times

Aussie shares fall as US dollar surges, oil retreats

The ASX200 fell 0.7 per cent as the US dollar rose to its highest level since May 2025 and gold hit an eight-month low.

AAP

Oil Price Today (June 25): Crude oil erases Iran war gains as Hormuz traffic boosts supply. What are experts saying?

Brent crude has slipped below $73 a barrel for the first time since February 27, 2026. It had hit a high of $126 per barrel on April 30 and is down 42% from those levels.

The Economic Times

30 India-bound ships cross Strait of Hormuz since Iran war began, 26 more await transit

Thirty ships bound for India have successfully navigated the Strait of Hormuz, a crucial route disrupted by recent geopolitical tensions. An additional 26 vessels are awaiting passage. Among those that transited, a significant portion carried vital energy supplies like LPG and LNG, alongside bulk cargo and crude oil. This development…

The Economic Times

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Oil prices fall as tankers exit Strait of Hormuz

Oil prices are dropping significantly as tankers resume passage through the Strait of Hormuz following a preliminary peace accord between the US, Israel, and Iran. This easing of supply concerns has pushed prices towards pre-war levels, surprising many analysts. Despite ongoing demining efforts, the flow of oil is expected to…

The Economic Times

Global Market Today: Asian stocks jump with US futures on Micron outlook

Asian markets surged, mirroring US futures, as Micron Technology's stellar sales forecast reignited AI trade confidence. The chipmaker's shares jumped significantly after projecting robust future demand, easing concerns for regional bourses. This optimism, coupled with falling oil prices, provided much-needed relief. Investors are also watching the dollar's strength and Treasury…

The Economic Times

The Latest: Crowd gathers on the National Mall to hear Trump rally for America 250 kickoff

President Donald Trumpwill be on Washington’s National Mall on Wednesday seeking to deliver a campaign-style rally that gets Americans excited about his presidency and America’s 250th anniversary celebrations

The Independent UK

Donald Trump on Andy Burnham: ‘I hear he’s extremely liberal, extremely’

US President Donald Trump told reporters Andy Burnham ‘probably won’t open up the North Sea’ for oil exploration.

Evening Standard

Trump calls Andy Burnham ‘extremely liberal’ in first remarks on PM hopeful

The US president further dismissed Mr Burnham, describing him as ‘the mayor of a town’

The Independent UK

Andy Burnham is ‘extremely liberal’, says Donald Trump in first verdict

The president has repeatedly lambasted the outgoing Prime Minister over his energy stance and for relying on ‘windmills’.

Evening Standard

Soybeans Fade Lower into the Midweek Close

Soybeans faded lower into the Wednesday close, with contracts down 6 ¾ to 9 cents on the day. The cmdtyView national average Cash Bean price was down 7 3/4 cents at $10.58 1/4. Soymeal futures were up 70 cents to $2.30 lower in the nearbys, with Soy Oil futures back...

Barchart

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Barchart

Cotton Faces Losses on the Wednesday Session

Cotton futures posted midweek losses of 187 to 247 points across the front months on Wednesday. Crude oil was down another $3.34/bbl to $69.87. The US dollar index was another $0.147 higher at $101.320. The Seam reported 88 bales sold on June 23 at an average price of 72.15 cents....

Bangkok Post

Thailand's trade deficit isn't transitory

This article is intended to rebuke the Bank of Thailand (BoT) and those who believe Thailand's trade deficits are "transitory" and will return to a surplus once oil prices fall back to normal levels.

The Independent UK

Trump is frustrated gasoline prices don't mirror oil's decline. Experts say it’s not that simple

U.S. gasoline prices decreased an average of 49 cents a gallon in the last month as expectations rose for an end to the war with Iran

The National (Scotland)

Donald Trump talks about North Sea oil during first comments about Andy Burnham

ANDY Burnham is “extremely liberal” and so “probably won’t open up the North Sea” for oil exploration, Donald Trump has said he has heard

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Barchart

Stocks Settle Mixed as Tech Weakness Weighs on the Broader Market

The S&P 500 Index ($SPX ) (SPY ) closed down -0.10%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.35%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.43%. September E-mini S&P futures (ESU26 ) fell -0.13%, and September E-mini Nasdaq futures (NQU26 )...

Barchart

Crude Oil Prices Fall Sharply as Persian Gulf Oil Flows Accelerate

August WTI crude oil (CLQ26 ) on Wednesday closed down -2.87 (-3.92%), and August RBOB gasoline (RBQ26 ) closed down -0.0669 (-2.34%). Crude oil and gasoline prices sold off sharply on Wednesday, with crude oil posting a 3.5-month low. Wednesday’s rally in the dollar index ($DXY ) to a 13-month...

International Business Times UK

Iran Installs Persian Gulf's Biggest Offshore Rig Without Foreign Technology — Under Sanctions and After Being Bombed

Iran has installed its largest offshore drilling platform in the Persian Gulf, overcoming US sanctions and military strikes, showcasing domestic engineering capabilities.

The Independent UK

Colombia's vote may reshape the Amazon's future as political winds shift across Latin America

Abelardo de la Espriella, set to be Colombia’s president, has intensified debate over the future of the Amazon

The Guardian - UK

Exploit last North Sea oil and gas or risk mass job losses, Andy Burnham urged

British Chamber of Commerce boss Shevaun Haviland says transition to clean energy could be handled better

Barchart

Cotton Falling Lower on Wednesday

Cotton futures are trading with midweek losses of 146 to 190 points so far on Wednesday. Crude oil is down another $2.61/bbl to $70.60. The US dollar index is another $0.172 higher at $101.345. The Seam reported 88 bales sold on June 23 at an average price of 72.15 cents....

Barchart

Soybeans Fading Lower on Wednesday

Soybeans are showing midday losses of 4 to 5 cents so far on Wednesday. The cmdtyView national average Cash Bean price is down 4 1/2 cents at $10.62 ½. Soymeal futures are up $1 to $1.80 in the nearbys, with Soy Oil futures back down 30 to 64 points. The...

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