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The Latest Breaking News from Oil

What if Trump actually seized Kharg Island?

Kharg Island is a small coral outcrop off the coast of Iran that handles around 90% of the country's crude oil exports, making it key to Tehran's economy.

Euronews

$Texas agency to set rules for using treated fracking wastewater on farmland$

Texas agency to set rules for using treated fracking wastewater on farmland

The state’s environmental regulator will hold a public hearing June 15 on its proposed rules for how the toxic wastewater can be reused. Here’s what you should know.

The Texas Tribune

World shares surge and oil prices slip over 4% after Trump claims a breakthrough in Iran war talks

World shares have advanced in the wake of big Wall Street gains, while oil prices tumbled more than 4% after U.S. President Donald Trump claimed there was a breakthrough in talks on ending the Iran war

AAP

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Is India's economic growth real? Raghuram Rajan says something is off

Former RBI Governor Raghuram Rajan questions India's strong economic growth figures, citing weak corporate investment and declining foreign capital inflows. He argues these factors are difficult to reconcile with official data, suggesting a disconnect between headline numbers and business behavior. Rajan also highlights the lack of a clear economic roadmap…

The Economic Times

BlackRock says oil, FX risks loom over India's bond inflow push

Indian debt is piquing the interest of foreign investors thanks to new government initiatives. Nonetheless, investment giant BlackRock remains cautious, keeping its exposure steady. Challenges like steep currency hedging expenses and volatile oil prices cast a shadow on the prospects. For foreign capital to make a significant leap into rupee-denominated…

The Economic Times

Oil price falls to three-month low and stocks rally on hopes of US-Iran deal

Financial markets were rebounding at the end of a week which began with renewed tensions in the Middle East.

Evening Standard

Trump calls off latest threats to strike Iran, citing a breakthrough in talks to end the war

U.S. President Donald Trump has called off new military strikes on Iran, hours after threatening to escalate the war

AAP

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Why are oil, gold and silver prices down today, and will Brent futures, US WTI crude and precious metals prices continue to drop or rise again? Market reacts to Iran peace deal hopes and rate concerns

Why are oil, gold and silver prices down today, and will Brent futures, US WTI crude and precious metals prices continue to drop or rise again? Oil, gold and silver prices moved lower after reports that the United States and Iran could reach a peace agreement. Brent futures and US…

The Economic Times

Higher crude prices fuel bank lending boom; credit growth hits 17.7%, fastest since June 2024

Bank lending saw its fastest growth in almost two years by May 31, 2026. Credit expanded significantly, reaching Rs 215.2 lakh crore. This surge occurred as bank deposits decreased by Rs 2.3 lakh crore. The gap between loans and deposits widened. Oil marketing companies and government schemes contributed to higher…

The Economic Times

World shares surge and oil prices slip after Trump claims a breakthrough in Iran war talks

World shares have advanced in the wake of big Wall Street gains, while oil prices slipped more than 1% after U.S. President Donald Trump claimed there was a breakthrough in talks on ending the Iran war

AAP

Has the US really carried out a secret mission to get oil through Hormuz?

Trump says hundreds of tankers have escaped Iran’s blockade. Data suggests shipments are increasing but many questions remain

The Guardian - UK

India bonds surge as oil nears 8-week low on US-Iran deal hopes

Indian government bonds rallied early Friday as oil prices plunged, with Brent crude futures easing nearly 2% to $88.66 per barrel. This decline, driven by hopes of a U.S.-Iran peace deal, boosted demand ahead of a significant debt auction. The benchmark 10-year U.S. Treasury yield also eased, contributing to the…

The Economic Times

Nifty Bank surges 700 points to one-month high; HDFC Bank, Yes Bank, PNB, other stocks rise 2%. What lies ahead?

Bank stocks saw a significant jump on Friday, propelling the Nifty Bank index to a one-month peak. This surge followed news of a potential peace deal between the US and Iran. Oil prices declined and the Indian Rupee strengthened, boosting overall market sentiment. Several major bank stocks experienced gains, indicating…

The Economic Times

Gold on course to log worst yearly fall since 2013 if West Asia troubles continue. Time to sell?

Gold has fallen over 25% from its peak despite ongoing geopolitical tensions in West Asia, marking a sharp divergence from its traditional safe-haven role. Profit booking after a strong rally, expectations of higher interest rates, a stronger dollar and elevated bond yields have driven the decline. Analysts, however, say central…

The Economic Times

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The Independent UK

Britain’s best month for eating: 13 recipes for June

June is one of the few months when British fruit and vegetables are both at their peak. From Jersey Royals and asparagus to cherries, strawberries and gooseberries, these recipes make the most of the season while it lasts, says Hannah Twiggs

The Economic Times

Vedanta demerger: Which demerged stock should you buy after their market debut on June 15?

Vedanta's mega demerger sees four new companies listing on June 15. Analysts suggest Vedanta Aluminium Metal as a strong buy due to capacity expansion and robust LME prices. Other demerged entities like Vedanta Power, Oil & Gas, and Iron & Steel are expected to debut as small-cap stocks.

The Independent UK

Iran-US war latest: Trump says ‘let the oil flow’ as he announces peace deal with Tehran

The Pakistan-mediated peace deal will be formally signed in Switzerland later this week

The Independent UK

Asian shares surge and oil prices slip after Trump claims a breakthrough in Iran war talks

Asian shares have climbed sharply, tracking big Wall Street gains, and oil prices slipped more than 1% after U.S. President Donald Trump claimed there was a breakthrough in talks on ending the Iran war

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news in one place.

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The Economic Times

Why market rallied today? Sensex zooms 1,700 points, Nifty closes above 23,600. 4 key factors behind Rs 10 lakh crore gains

Sensex and Nifty surged 2% each, adding Rs 10 lakh crore in market cap, as easing oil prices and US-Iran peace hopes boosted sentiment. Broad-based gains, a stronger rupee and global market rally supported the upmove, while analysts remain cautious on geopolitical risks.

The Economic Times

BPCL, HPCL, IOCL shares rally up to 4% as oil prices hit two-month low. What are experts saying?

Indian oil marketing stocks surged as crude oil prices dropped to a two-month low amid reports of a potential US-Iran peace deal. HPCL, IOCL, and BPCL shares gained significantly on Friday. Experts, however, caution that full oil market normalization could take years even if a deal is reached.

AAP

Australian shares rally as traders bet on peace deal

The ASX has enjoyed its best day since April as markets bet once more on hopes for a breakthrough in US-Iran peace talks, sending oil prices to two-month lows.

The Economic Times

Hormuz oil traffic rebounds as Gulf exporters find workarounds: Report

Oil shipments through the Strait of Hormuz are increasing for non-Iranian producers. This surge occurs despite ongoing tensions between Washington and Tehran. Iranian oil exports have significantly decreased. This situation impacts global oil prices. Traders are closely watching future transits. The US continues actions against vessels approaching Iranian ports.

The Economic Times

Trump’s Kharg threat, reversal show Iran war high-wire act

President Donald Trump considered capturing Kharg Island, Iran's main oil export terminal. This move would have severely impacted Iran's economy. However, Trump later withdrew the threat as negotiations advanced. The island remains a significant point of leverage in the ongoing conflict. Seizing Kharg would have marked a major escalation.

The Economic Times

Govt restricts bulk industrial petrol, diesel purchases through petrol pumps

Industrial and commercial users can no longer buy petrol and diesel from petrol pumps. They must now get fuel from bulk sale points. This change follows a surge in demand for diesel. The government aims to ensure fair distribution for all consumers. Restrictions are in place for up to 90…

We Got This Covered

Inflation just hit 4.2 percent — the highest in 3 years. Donald Trump responds with a secret claim about removing millions of barrels of Iranian oil

The President said the US is in control of the Strait of Hormuz.

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