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The Latest Breaking News from Oil

6 Foods Hit Hardest by Tariffs — and the Domestic Swaps That Cost Less

International trade policies and tariffs have a direct and immediate impact on the prices you see at your local grocery store. When a tax is placed on an imported food item, the cost is almost always passed down to the shopper. We are seeing several food categories being hit very…

Grocery Coupon Guide

Florida’s Heat and Humidity Can Be Tough on Skin and Beards—6 Fixes Barbers Recommend

Florida offers sunshine, beaches, and outdoor adventures nearly year-round, but that tropical climate comes with a challenge many residents know all too well. Heat and humidity can quickly turn a well-groomed beard into a frizzy mess and leave skin feeling oily, irritated, or dry at the same time. The combination…

Clever Dude

US and Iran are close to a deal to end their war, officials say

The United States and Iran are close to signing an agreement aimed at ending their war

The Independent UK

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US stocks rise as oil falls and Wall Street waits for SpaceX's debut

U.S. stocks are rising after oil prices fell again and as Wall Street waits for the highly anticipated debut of SpaceX coming later in the day

AAP

Dollar Sees Support From Higher T-note Yields

The dollar index (DXY00 ) is up +0.03% on support from today’s +3.8 bp rise in the 10-year T-note yield, which supported the dollar’s interest rate differentials. However, there was some downward pressure from reduced safe-haven demand on hopes for a near-term US-Iran agreement to end military hostilities and reopen...

Barchart

Why Have Heating Oil and Distillate Prices Been Volatile?

NYMEX heating oil futures are a proxy for jet and diesel fuels, which are middle distillate products. Since Brent crude oil has a slightly higher sulfur content than West Texas Intermediate crude oil, Brent is more appropriate for refining into middle distillate products.

Barchart

Iran insists on control of Hormuz under any deal with US

TEHRAN - Iran insisted on Friday on its right to maintain control over the Strait of Hormuz and enrich uranium under any peace deal with the United States, after President Donald Trump said a draft accord was ready.

Bangkok Post

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Stocks See Support from Hopes for a Near-term US-Iran Agreement

The S&P 500 Index ($SPX ) (SPY ) is up +0.29%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.37%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.41%. June E-mini S&P futures (ESM26 ) are up +0.28%, and June E-mini Nasdaq futures (NQM26...

Barchart

India Demands Answers After Fatal US Military Strike In Sea Of Oman Kills Three Seafarers

A US strike on an oil tanker killed three Indian seafarers, escalating tensions between India and the US. The incident has prompted calls for accountability and heightened diplomatic strain.

International Business Times UK

Analysis: Iran's stranglehold on Strait of Hormuz loosens as Gulf Arab oil reaches market

Iran’s stranglehold on the Strait of Hormuz may be easing and its own oil problems now seem to be mounting

The Independent UK

Stocks See Downward Pressure Despite Hopes for a Near-term US-Iran Agreement

The S&P 500 Index ($SPX ) (SPY ) is down -0.31%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.53%. June E-mini S&P futures (ESM26 ) are down -0.15%, and June E-mini Nasdaq futures (NQM26...

Barchart

Former Tory leader urges Aberdeen South constituents not to split unionist vote

The by-election was called by the resignation of former SNP Westminster leader Stephen Flynn following his election to Holyrood.

Evening Standard

EU energy ministers eye jet fuel reserves as Strait of Hormuz crisis threatens supply

With the peak summer season drawing near, EU energy ministers are wary that jet fuel supply may be further strained, even as analysts see "sharp movement" towards greater jet fuel production within European refineries.

Euronews

US stocks drift as oil falls and Wall Street waits for SpaceX's debut

U.S. stocks are drifting after oil prices fell again and as Wall Street waits for the highly anticipated debut of SpaceX coming later in the day

AAP

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news in one place.

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AAP

Wall Street drifts ahead of highly anticipated market debut of SpaceX

U.S. stocks are drifting after oil prices fell again and as Wall Street waits for the highly anticipated debut of SpaceX coming later in the day

The Economic Times

India's edible oil imports up 6.7 per cent in May to 13.39 lakh tonnes

India's edible oil imports saw a significant rise in May, reaching nearly 13.39 lakh tonnes. This increase was primarily fueled by higher shipments of crude soyabean oil. Vegetable oil imports, including non-edible varieties, also climbed. The government's policy adjustments on palm oil tariffs appear to be encouraging crude oil imports…

Fortune

Current price of oil as of June 12, 2026

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

The Times of India

‘We’ll celebrate our anniversary’: Sailor’s last promise to wife before US strike on tanker killed three Indians

Three Indian sailors lost their lives when a US military strike hit the oil tanker MT Settebello in the Gulf of Oman. The vessel carried 24 Indian crew members. While 21 were rescued, the tragic loss has prompted grief and diplomatic protests from New Delhi, with families awaiting the return…

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Barchart

Cotton Gains Pushing to Friday Morning

Cotton prices are up 10 to 28 points so far on Friday. Futures posted gains of 13 to 139 points across the board on Thursday, led by the front months. Crude oil was down $3.61 to $86.42/barrel after President Trump announced late in the day that there was a deal...

The Economic Times

India bonds rise as oil slumps on Iran peace deal hope

Indian government bonds saw a significant rise on Friday. This surge was driven by a sharp decline in crude oil prices. Hopes of a breakthrough with Iran boosted sentiment. However, domestic fiscal worries capped the gains. The benchmark 2036 note yield fell to its lowest since issuance. Investors are watching…

AAP

Wall Street extends gains ahead of SpaceX debut; Trump claims a breakthrough in Iran war talks

Wall Street's rebound continued and oil prices sank more than 3% after U.S. President Donald Trump claimed there was a breakthrough in talks to end the Iran war

The Economic Times

Iran insists on nuclear enrichment and control over Strait of Hormuz under any deal with US

Iran insisted on Friday on its right to enrich uranium and maintain control over the Strait of Hormuz under any deal with the United States, after President Donald Trump said a draft accord was ready. Beyond this, according to IRNA, Iran would insist on managing traffic though the Strait of…

The Guardian - UK

Oil prices plummet as Trump claims he is close to US-Iran deal

Brent crude falls as optimism rises that strait of Hormuz could reopen over the weekend

The Economic Times

Rupee rallies as oil slump sparks unwinding of dollar longs

The Indian rupee experienced a robust uptick against the dollar on Friday, sparked by newfound optimism regarding peace talks between the U.S. and Iran. This positive development resulted in a sharp decrease in oil prices, alleviating some of the pressure on India’s import expenses.

We Got This Covered

Cost of surviving in U.S. is reportedly spiraling, but Donald Trump has his reasons for ‘loving’ the inflation

Republicans have been accused of actively making the inflation worse.

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