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The Latest Breaking News from Oil

Oil crisis: World is set to run out of fuel in July? Here's what International ⁠Energy Agency is saying

Brent oil futures were trading around $108 per barrel on Thursday, off their wartime highs of $126 per barrel, but still significantly above the $70 per barrel they were trading at before the Iran war began.

The Economic Times

Stocks Fall on Doubts Over a US-Iran Peace Deal

The S&P 500 Index ($SPX ) (SPY ) today is down -0.44%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.47%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.49%. June E-mini S&P futures (ESM26 ) are down -0.40%, and June E-mini Nasdaq futures...

Barchart

8 Pantry Staples Expected to Face Shortages in the Next 30 Days

Keeping a well-stocked pantry is the best defense against the unpredictable nature of the modern retail market. Unfortunately, economists are warning that several common household ingredients will become very difficult to find over the next month. A combination of severe weather events, transportation delays, and international export bans is squeezing…

Grocery Coupon Guide

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read the most diverse news in one place.

Reeves targets oil and gas profits with plans to close tax loophole

The Chancellor hopes reforms to taxation of overseas activities will bring in ‘hundreds of millions of pounds’.

Evening Standard

US stocks resume their slide after higher oil prices crank up the bond market's pressure

The U.S. stock market is slipping after oil prices rebounded and cranked up the pressure from the bond market

AAP

US jobless claims drop but inflation fears grow as oil prices surge and Fed eyes rates

IN FULL

The Independent UK

AAP Rolling News Bulletin May 22, 0000

AAP Rolling News Bulletin for May 22 at 0000

AAP

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US stocks today: US stocks slips as oil jumps on renewed Mideast concerns

Wall Street slipped as oil prices jumped after Iran signaled a tougher nuclear stance, raising fears of prolonged supply disruption. Rising Treasury yields and weak corporate cues, including Walmart’s outlook, added pressure, offsetting strong economic data.

The Economic Times

US stocks slip in early trading as oil prices turn upward again

U.S. stocks are slipping after oil prices rebounded and cranked up the pressure from the bond market

AAP

Jobs stall and prices surge amid Trump’s Iran-fueled economic turmoil

The Labor Department reported Thursday that new claims for jobless aid for the week ending May 16 fell by 3,000 to 209,000

The Independent UK

India wants return of stranded ships before sending more to Gulf

India's priority is to bring back its ships stuck near the Strait of Hormuz. Only after these vessels are safe will India consider sending ships to load fuel. This move comes as the conflict has disrupted vital energy supplies. India relies heavily on the Strait for crude oil and cooking…

The Economic Times

Current price of oil as of May 21, 2026

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

Fortune

IEA Chief Says Oil Markets Could Enter 'Red Zone' As Reserves Continue To Drop

IEA chief Fatih Birol warned that oil markets could enter a "red zone" as stocks continue to decrease.

International Business Times

The US Constitution and laws do not protect oil companies from being sued over the harm they cause to the climate

In recent years, at least two dozen local and state governments have sued petroleum companies to recover the billions in costs they have incurred responding to and rebuilding after flooding, storms and wildfires – all of which have been worsened by changes to the climate resulting from burning fossil fuels.

The Conversation

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AAP

US markets head lower as oil prices resume their climb and higher treasury yields pressure stocks

U.S. markets were poised to open lower Thursday as oil prices rose and treasury yields resumed their climb amid the ongoing stalemate between Iran and the U.S. Futures for the S&P 500 and Dow Jones Industrial Average each fell 0.2% before the opening bell

The Guardian - UK

Reeves cuts VAT on summer days out to 5% as part of cost of living support

Chancellor says she will raise tax on global oil firms to help meet costs of plans and confirms delay to fuel duty increases

AAP

AAP Rolling News Bulletin May 21, 2200

AAP Rolling News Bulletin for May 21 at 2200

The Independent UK

Oil flows through Strait of Hormuz won’t return to normal until next year even if war ended tomorrow, warns energy boss

Disruption to exports through the waterway has sparked fears of a global economic crisis

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AAP

Ukraine drones hit another refinery deep inside Russia

Ukrainian drones have struck a refinery 800km inside Russia as Kyiv continues to escalate attacks on Moscow's oil infrastructure.

Euronews

Ukraine strikes Russian oil refinery in long-range drone attack, Kyiv says

Ukraine has been ramping up its retaliatory long-range strikes on Russia in recent weeks, particularly targeting oil infrastructure.

The Guardian - UK

Colombia’s climate crossroads: Trumpism casts shadow over presidential battle

Colombia is a global leader in climate activism. Could US influence drag country to a future of mining and fracking?

Barchart

Stocks Slip Before the Open as Oil Rises on U.S.-Iran Peace Deal Uncertainty, PMI Data in Focus

June S&P 500 E-Mini futures (ESM26) are down -0.40%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.55% this morning as oil prices and bond yields climbed, with investors watching to see whether hopes for a peace deal in the Middle East will turn into tangible progress.

The Economic Times

Rupee shored up by firm central bank intervention, but oil risks linger

The Indian rupee strengthened on Thursday, marking its first gain in two weeks, following aggressive intervention by the central bank through dollar sales. A media report suggesting potential policy options, including an interest rate hike, also supported the currency's recovery from recent record lows.

The Economic Times

Market wrap: Sensex slips 1% from intraday high, Nifty closes near 23,650 as bond yields rise

Indian stock markets closed lower on Thursday. The Sensex and Nifty slipped from intraday highs due to expiry day volatility. Rising bond yields and foreign institutional investor selling also impacted trading. Despite some intraday recovery, markets ended in negative territory. Geopolitical issues and crude oil prices are key factors to…

The Economic Times

India to prioritise releasing stranded vessels in Hormuz, may resume tanker loading when conditions improve, says official

India is ensuring the safe passage of its ships near the Strait of Hormuz. Tensions in the region are impacting global shipping. Authorities are coordinating for cargo loading operations. Indian tankers will resume operations only when the security situation is deemed safe for commercial movement. This focus ensures the well-being…

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