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The Latest Breaking News from Oil

US expands attacks on Iran, which calls Strait of Hormuz a 'red line' as it retaliates

United States intensified strikes against Iran, hitting targets farther north. Iran retaliated with missiles and drones at US allies in the region. The interim ceasefire collapsed, leading to days of back-and-forth attacks. US strikes reached areas around Iran's capital, Tehran, widening targets. The US reimposed a naval blockade on Iranian…

The Economic Times

Global Market Today: Asian stocks drop after chip selloff, oil gains

Asian stocks declined as chipmakers pulled down Wall Street amid valuation concerns. Oil prices climbed higher this week due to escalating Middle East hostilities. Investors are questioning the sustainability of massive artificial intelligence investments and tech valuations. Heightened geopolitical tensions fueled inflation worries and potential interest rate hikes. Consumers continue…

The Economic Times

Trump threatens new Iran escalation and risks repeating old mistakes

President Trump has increased U.S. air strikes on Iran, but strategy shows little success. An interim ceasefire deal has collapsed, leaving the U.S. in a difficult situation. Iran has threatened to involve its allies in Yemen if strikes continue. Analysts believe escalation will not compel Iran to change its position.…

The Economic Times

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Gold prices face turbulence as oil, Fed risks increase

Renewed hostility between the US and Iran could cause global gold prices to plunge to US$3,600-3,800 an ounce, or 60,000 baht per baht-weight for domestic gold bar, especially if oil prices rise to $90-100 a barrel and remain at that level for more than a month, according to Thailand's leading…

Bangkok Post

Cotton Falls Back on Thursday

Cotton futures closed the Thursday session with losses of 223 to 287 points at the final bell. Crude oil was up a modest 14 cents per barrel, with the US dollar index up 0.251. Export Sales data showed 34,360 RB of cotton sold for 2025/26 in the week of July...

Barchart

Soybeans Give Back Some Recent Gains on Thursday

Soybean futures were weaker on Thursday, with contracts down 6 to 7 ¼ cents on the day. The cmdtyView national average Cash Bean price was down a penny at $11.55. Soymeal futures were $2.00 to $4.00 higher at midday, while Soy Oil futures were 29 to 49 points lower. Export...

Barchart

US stocks today: Nasdaq ends lower as chip weakness offsets solid earnings, economic data

U.S. stocks slipped as chipmakers dragged the Nasdaq and S&P 500 lower despite solid economic data and strong earnings expectations. Semiconductor weakness offset gains in healthcare, while rising oil prices and escalating U.S.-Iran tensions added pressure. Investors remain cautious amid volatility, even as retail sales and labor data signal underlying…

The Economic Times

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Dollar Strength Sparks Long Liquidation in Crude Oil Futures

August WTI crude oil (CLQ26 ) on Thursday closed down -0.65 (-0.82%), and August RBOB gasoline (RBQ26 ) closed down -0.0162 (-0.49%). Crude oil and gasoline prices gave up early gains on Thursday and settled lower, as a stronger dollar sparked profit-taking and long liquidation. Crude prices are supported by...

Barchart

Why are World Sugar Futures Stuck in Neutral?

World sugar futures on the Intercontinental Exchange have traded in a narrow range of 13.34 to 16.10 cents per pound in 2026. While sugar is consolidating, it has made higher lows since mid-February but lower highs since late March.

Barchart

Cotton Sharply Lower on Thursday, Rejecting 80 Cent Mark

At midday on Thursday, cotton futures prices are back down 260 to 396 points from the Wednesday close. Futures closed the Wednesday session with contracts up 24 to 96 points. Crude oil is was up a modest 10 to 15 cents per barrel late morning, with the US dollar index...

Barchart

Saudi Arabia-backed developer seeks World Cup stadium investors, sources say

Saudi Arabia's ROSHN Group is seeking investors for its Aramco Stadium venue. JPMorgan is managing the fundraising process for this significant project. The state-backed developer aims to free up capital for economic transformation initiatives. This stadium transaction will mirror previous pipeline deals for infrastructure funding. Private investors are being approached…

The Economic Times

Burnham must back oil and gas drilling if he has any common sense – Badenoch

The Tory leader Kemi Badenoch spoke out on a visit to Aberdeen on Thursday.

Evening Standard

US sees 30-year fixed-rate mortgages climb to highest level in nearly a year

Rates have been on an upward trend this year, largely due to the war with Iran, which has sharply driven up crude oil prices and fueled expectations of hotter inflation

The Independent UK

Say goodbye to boring body lotion - No7's new range has serious actives

No7's cult skincare range has officially gone full-body - and it's great for hot summer days

Woman & Home

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The Independent UK

Bulletin PM briefing: No 10 wades into Falklands row and Starmer makes Khan a peer

Downing Street hits back after Falklands World Cup banner sparks row with Argentina. Sadiq Khan made a peer as Keir Starmer prepares to leave office. Experts say teens should be offered meningitis B jab on NHS – what we know. Why Britain has been blamed for crimes of Rochdale grooming…

Barchart

Crude Oil Prices Weaken on Dollar Strength

August WTI crude oil (CLQ26 ) today is down -0.24 (-0.30%), and August RBOB gasoline (RBQ26 ) is down -0.0088 (-0.27%). Crude oil and gasoline prices are slightly lower today, weighed down by a stronger dollar. Crude prices are supported by heightened US-Iran tensions, which have reduced crude oil flows...

Reason

As the Strategic Petroleum Reserve Hits a 40-Year Low, It's Time To Scrap It

Presidents have repeatedly used the SPR to manipulate markets and shield consumers from the consequences of bad policies.

Barchart

Stocks Mixed as Weakness in Chipmakers Weighs

The S&P 500 Index ($SPX ) (SPY ) today is down -0.14%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.21%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.96%. September E-mini S&P futures (ESU26 ) are down -0.18%, and September E-mini Nasdaq futures...

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The Times of India

Iran asks Houthis to prepare for Red Sea shutdown if US strikes power sites

Iran has requested the Houthi group to be ready to close the Red Sea oil route. This action would occur if the United States targets Iranian power infrastructure. The Houthis have completed preparations to deploy missiles and drones near the Bab el-Mandeb Strait. This potential disruption could further strain global…

Barchart

Dollar Boosted by Better-Than-Expected US Economic News

The dollar index (DXY00 ) is up by +0.18% today. The dollar is moving higher today as better-than-expected US economic reports signal economic strength. Weekly jobless claims unexpectedly fell to a 10-week low, Jun retail sales rose as expected, and the Jul Philadelphia Fed business outlook survey jumped to a...

MyLifeXP

Everyday Habits That Help Keep Hair Healthy

Healthy hair is something many people want, but it does not happen overnight. While shampoos, oils, and treatments can help, your daily habits play a much bigger role than you might think. The way you wash, dry, style, eat, and even sleep can affect the health of your hair. Hair…

Barchart

Stocks Pressured by a Renewed Selloff in Chipmakers

The S&P 500 Index ($SPX ) (SPY ) today is down -0.46%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.28%. September E-mini S&P futures (ESU26 ) are down -0.40%, and September E-mini Nasdaq futures...

The Independent UK

US launches Hellfire missiles at tanker headed for Iran’s Kharg Island

US and Iran traded strikes for another night after the 60-day truce collapsed

The Economic Times

US stocks today: S&P 500, Nasdaq fall as chip stocks weaken; earnings and data in focus

Thursday saw declines in the S&P 500 and Nasdaq indexes, primarily due to a renewed slump in chip stocks that outweighed positive earnings from select companies. Investors were keenly assessing economic data to understand the present economic landscape. The consumer staples sector fared better, whereas information technology struggled. Moreover, geopolitical…

Benzinga

After the 'Invincible Red Line' Hormuz, Iran Reportedly Prepares Red Sea Blockade as Trump Escalates Infrastructure Strike Threats

Iran has reportedly directed Yemen’s Houthi movement to prepare for the closure of the Red Sea oil route, a crucial global energy supply channel, in the event of a U.S. attack on Iranian power infrastructure.

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