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The Latest Breaking News from Oil

Wes Streeting plans to increase high-skilled immigration if he becomes PM

Leadership hopeful also wants tax revenues from new North Sea oil and gasfields used to cut energy bills

The Guardian - UK

Ethanol transition can shift to "Transport Energy Backbone" to shield India from oil shocks: KPMG

India's ethanol use is evolving beyond simple blending. It is set to become a key transport energy source. This will help manage fluctuating global fuel prices. An adaptive fuel system, varied distribution, and flex-fuel vehicles are crucial. This shift aims to enhance energy security and reduce reliance on external price…

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Monday

Markets rallied sharply as easing US–Iran tensions and softer crude prices boosted sentiment. Sensex and Nifty surged 2%, adding Rs 10 lakh crore in market value. Broader markets outperformed, volatility eased, and technical indicators turned bullish. Analysts expect momentum to continue, with geopolitical developments and oil prices remaining key triggers.

The Economic Times

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Iran says draft US deal includes oil sanctions waiver, nuclear limits, asset release

DUBAI - A senior Iranian official told Reuters a final draft of the memorandum of understanding with the US covered a range ‌of issues, from Tehran’s nuclear work to reopening the Strait of Hormuz and US waivers on oil sanctions, with a final deal to be discussed in the 60…

Bangkok Post

Iran says draft US deal includes oil sanctions waiver, nuclear limits and asset release

US-Iran war: Tehran and the United States are in talks over a draft memorandum. This agreement could lead to the immediate reopening of the Strait of Hormuz for all commercial ships. Iran would also dilute its enriched uranium stockpile within 60 days. In return, the US would lift oil sanctions…

The Economic Times

UK intercepts Russian shadow fleet vessel in Channel: ministry

British forces on Sunday intercepted a sanctioned oil tanker belonging to Russia's shadow fleet in the English Channel, the defence ministry said, in a six-hour operation hailed by Kyiv.

Radio France Internationale

Ukraine drone strike kills one, hits oil facility in Russia

A Ukrainian drone attack killed one person and injured nine others in Russia's southwestern Oryol region, Russian officials said on Sunday, while a separate strike targeted an oil facility deep inside Russian territory as Kyiv intensified attacks on military and energy infrastructure.

The Times of India

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Dramatic moment UK forces intercept Russian shadow fleet oil tanker in English Channel

UK armed forces have boarded and seized a Russian shadow fleet oil tanker in the English Channel.

The Independent UK

Ukrainian drone strikes kill 1 and spark fire at oil facility in Russia

A Ukrainian drone strike killed one person and wounded nine others in Russia’s Oryol region overnight, officials said Sunday

The Independent UK

UK forces intercept Russian shadow vessel in English Channel

UK armed forces intercepted a Russian shadow fleet vessel in the Channel in the early hours of Sunday, the Prime Minister said.

The National (Scotland)

Pump pain, Wall Street gain: Iran war sends U.S. oil profits, stocks soaring as the big winners

The higher oil price environment may extend well into 2028 as the world refills its depleted energy reserves, analysts warned.

Fortune

UK intercepts oil tanker from Russia's shadow fleet in English Channel

British forces intercepted a UK-sanctioned oil tanker accused of belonging to what has been dubbed Russia's "shadow fleet" in the English Channel on Sunday, in what the country’s defence ministry called "the first UK-led operation of its kind".

France 24

In a first, UK delivers blow to Putin’s shadow fleet with English Channel interception

British forces have intercepted a Russian “shadow fleet” oil tanker in the English Channel for the first time, in what the government described as a major operation aimed at disrupting Moscow’s ability to fund its war in Ukraine.

The Times of India

Britain detains sanctioned oil tanker believed to be linked to Russia’s shadow fleet

Britain’s armed forces boarded and detained a sanctioned tanker, the Smyrtos, in the English Channel on Sunday

The Independent UK

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The Guardian - UK

Zelenskyy thanks UK for intercepting Russian shadow fleet oil tanker after armed forces board vessel - as it happened

Keir Starmer said British armed forces intercepted a Russian shadow fleet vessel in the early hours of Sunday morning

Evening Standard

Moment Royal Marines seize Russian 'shadow fleet' vessel in dramatic night operation

Royal Marine commandos board sanctioned oil tanker during a six-hour operation in the early hours of Sunday

Euronews

Ukraine thanks UK for intercepting sanctioned Russian shadow fleet oil tanker

In a post on social media, British Prime Minister Keir Starmer said the operation delivered "yet another blow to Russia".

The Economic Times

ETMarkets Smart Talk | RBI's FPI reforms and index inclusion could unlock up to $25 billion in debt inflows: Dhawal Dalal of Edelweiss MF

In an interaction with Kshitij Anand of ETMarkets, Dhawal Dalal, President & CIO – Fixed Income at Edelweiss Mutual Fund, said the combination of regulatory easing and potential inclusion in widely tracked global bond indices could bring up to $20–25 billion in incremental debt inflows over the next 12–24 months.

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The Independent UK

How an Ottolenghi chef raised three children who eat everything

For 17 years, Claudine Boulstridge has been the woman making sure Yotam Ottolenghi’s recipes work in real kitchens. Along the way, her own children have grown up eating everything from aubergines to octopus. The chef tells Prudence Wade the secret to raising adventurous eaters – plus three family-friendly recipes to…

The Economic Times

Nifty, Sensex to rally more on Monday? Iran peace deal among 5 factors to dictate Dalal Street this week

Indian benchmark indices rebounded sharply on Friday, with the Sensex and Nifty rising nearly 2%, driven by hopes of a US-Iran peace deal, cooling crude oil prices, and stronger global sentiment. The rally added around Rs 10 lakh crore to investors' wealth, taking the total market capitalisation of BSE-listed firms…

The Economic Times

Petrol, Diesel prices on June 14: Check latest rates in Delhi, Mumbai, Bengaluru and other cities

Fuel prices remained steady on June 14, 2026, offering consumers a respite after recent hikes. This pause comes despite global crude oil volatility and geopolitical concerns affecting energy supplies. Recent price increases had pushed retail rates to over two-year highs, but a softening in global oil prices offers hope for…

The Economic Times

India's Russian oil imports rise in May as refiners boost purchases

India continued its strong demand for Russian fossil fuels in May. The nation emerged as the second-largest buyer globally, importing hydrocarbons worth 5.8 billion euros. Crude oil formed the bulk of these imports, with refiners significantly increasing their purchases from Russia. This trend highlights India's strategic energy sourcing amidst global…

The Economic Times

Strait of Hormuz is reopening after this Sunday? Donald Trump shares major update on US-Iran deal

Iran has insisted it will maintain control over the Strait of Hormuz, a key maritime trade route for oil and gas shipments from the Gulf.

The Guardian - AU

Australia is facing a shortage of critical lubricants. How do we stop everything grinding to a halt?

The problem shows how widespread the fallout from the enduring Middle East conflict is, with disruptions extending beyond fuel for transport

The Economic Times

Trump says deal to end war will be signed on Sunday, Iran questions timing

Pakistan and the U.S. announced an initial deal to end the Middle East war, with an electronic signing planned for Sunday. Iran, however, denied the immediate signing, citing hesitation from the other side. The proposed agreement includes reopening the Strait of Hormuz and releasing frozen Iranian assets, though details on…

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