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The Latest Breaking News from Oil

Ukraine war briefing: Kyiv decries ‘Russia’s Orthodox values’ as historic Pechersk Lavra monastery burns

Massive attack on Kyiv comes at height of Russian attacks across country; Ukraine strikes Russian explosives and oil sites. What we know on day 1,573

The Guardian - AU

Crude Oil Price Today (June 15): Oil hits March lows, down 4% as US, Iran agree peace deal. What are experts saying?

Brent Crude oil price : Brent crude futures fell $3.58, or 4.10%, to $83.75 a barrel, while U.S. West Texas Intermediate crude declined $4.01, or 4.72%, to $80.87. Both benchmarks had already fallen more than 3% on Friday.

The Economic Times

Dollar hits 10-day low as US, Iran reach peace deal

The US dollar weakened significantly on Monday. This happened after news of a peace deal between the United States and Iran emerged. Oil prices dropped sharply, leading investors to seek riskier assets. Currencies like the Euro and Sterling saw gains against the dollar. Analysts expect the dollar to continue falling…

The Economic Times

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Indian LNG tanker crosses Strait of Hormuz as US-Iran deal lifts reopening hopes

An LNG tanker has successfully navigated the Strait of Hormuz. This marks a significant step following a peace agreement between the United States and Iran. The waterway's reopening is crucial for global energy supplies. India, a major importer, anticipates relief. Traders and shipowners are closely monitoring the situation for a…

The Economic Times

Deal on ending the Iran war sends stocks soaring while oil prices fall

Shares have soared in Asia after a deal was announced on ending the Iran war and reopening the Strait of Hormuz

AAP

Gold rises 2% after US, Iran reach peace deal

Gold prices surged 2% as U.S. and Iran officials announced a preliminary deal to end their conflict, leading to lower oil prices and easing inflation concerns. The agreement, set to be signed Friday, also includes reopening the Strait of Hormuz, making bullion cheaper for foreign buyers and reducing expectations of…

The Economic Times

World stocks surge, oil slides on US-Iran deal

World share markets have rallied hard as a framework peace deal between the United States and Iran promises to ease inflationary pressures globally.

AAP

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Global Market Today: Asian shares surge, oil skids on Gulf deal

Markets globally surged as a tentative US-Iran peace deal emerged, promising to ease inflation and reduce the need for interest rate hikes. Oil prices plummeted on the news, with Brent crude falling significantly. This development offers relief to central banks worldwide ahead of key policy meetings this week.

The Economic Times

Oil slips 4% as US, Iran reach peace deal to reopen Strait of Hormuz

Oil prices dropped significantly as President Trump and Iran's deputy foreign minister announced an initial deal to end the war and reopen the Strait of Hormuz. The agreement, brokered by Pakistan, includes ending a U.S. naval blockade and aims to restore oil flows, unwinding geopolitical risk premiums. Further negotiations on…

The Economic Times

Bulls Take Charge: GIFT Nifty points to gap-up opening for Dalal Street

Indian equity markets concluded a volatile week on a strong note, breaking a two-week losing streak. This surge was fueled by improving global sentiment and supportive RBI measures. The upcoming week's trading will be influenced by domestic macroeconomic data and key global policy developments, including US-Iran negotiations impacting crude oil…

The Economic Times

Trump announces US-Iran ceasefire deal

The president called on oil tankers to "start [their] engines" in a post to Truth Social

Salon

US, Iran reach deal to end war, signing set for Friday

DUBAI/WASHINGTON - US and Iranian officials said on Sunday they have agreed on a peace framework for a deal to end their war, halt the US blockade of Iran and reopen the Strait of Hormuz, possibly leading to lower energy prices once oil shipments resume through the critical waterway.

Bangkok Post

Oil and gas supplies could take months to return to normal after Iran deal, energy experts say

Pakistan announced that the U.S. and Iran reached an agreement to end the war and open the Strait of Hormuz

AAP

US and Iran reach deal to end war, Trump says Strait of Hormuz to open on Friday

The United States and Iran have agreed on a peace framework aimed at ending the conflict, lifting the U.S. blockade of Iran and reopening the Strait of Hormuz, a key global oil shipping route. U.S. President Donald Trump said the deal is complete, while Pakistan Prime Minister Shehbaz Sharif said…

The Economic Times

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Evening Standard

Indian national arrested after Russian shadow vessel intercepted in Channel

It is understood 24 Georgian and Indian crew members remain on board and are assisting with the investigation.

Fortune

Markets celebrate U.S.-Iran deal as both sides confirm this time is real. Trump says oil will flow and 'I never cared about regime change'

“Deal with the Islamic Republic of Iran is now complete. Congratulations to all!"

The Times of India

'US-Iran peace deal now complete', declares Trump; signing set for June 19 in Switzerland

The US president also celebrated the expected resumption of maritime traffic and oil exports, posting, “Ships of the World, start your engines. Let the oil flow!” Trump's announcement came just hours before a UFC event at the White House being held to mark his 80th birthday. Just mintues before the…

Bangkok Post

SPRC sets out plan to become fully integrated energy provider

Star Petroleum Refining Plc (SPRC) has entered 2026 with a bold new vision: to transform itself from a standalone refinery into a fully integrated energy provider.

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Motor1

Audi Car Dealership Worker Needs To Close A Deal—So She Throws In A Carton Of Eggs: ‘Am I Crazy For This?’

'I didn’t know as a customer i could do this.'

Fortune

Iran proved it can close the Strait of Hormuz, but the U.S. is advertising very loudly that the world's top superpower can at least punch open a hole

Hegseth said the U.S. naval blockage in Iran is "impenetrable" and 125 million barrels of oil have now exited the Gulf, "showing that we control the strait."

The Independent UK

Disabled oil tanker received dozens of warnings before US opened fire, AP source says

The tanker disabled by the American military while trying to run the U.S. blockade of Iran had dismissed nearly 60 verbal warnings as well as other shows of force before being fired upon

AAP

British forces intercept Russian shadow fleet tanker

British commandos have boarded a sanctioned Russian shadow fleet oil tanker in the English Channel.

Bangkok Post

UK intercepts Russian shadow fleet vessel in Channel

LONDON - British forces on Sunday intercepted a sanctioned oil tanker belonging to Russia's shadow fleet in a dramatic night-time operation hailed by Kyiv as a blow to Moscow’s war machine.

The Independent UK

How the EU is still funding Putin’s war machine with imports of gas

As Ukrainian attacks on Russian oil and European sanctions batter Moscow’s economy, EU imports of Russian liquefied natural gas are still providing Russia with a boost

The Independent UK

Streeting backs new North Sea drilling and says he would increase high-skilled immigration if he becomes PM

The former health secretary argued opponents of new drilling would open the door to a Reform UK government by keeping energy costs high

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