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The Latest Breaking News from Oil

Cotton Bouncing Higher on Wednesday Morning

Cotton price action is 14 to 26 points gains on Wednesday morning. Futures ended Tuesday on a weaker noted despite a midday bounce, with contracts down 23 to 74 points on the session. Crude oil was up $1.69 on the day with the US dollar index was up $0.325. Monday...

Barchart

As Clashes Continue To Escalate Between The U.S. And Iran, Trump Goes Back To Threatening Tehran's Key Infrastructure

President Donald Trump threatened to target key Iranian infrastructure unless Iran goes back to the negotiating table.

International Business Times

Nifty to hit 27,000 in one year? PL Capital says Middle East crisis, El Nino can play a spoil sport; names 15 top picks

PL Capital has raised its one-year Nifty 50 target to 27,019, implying over 12% upside, while warning that the escalating West Asia conflict and a potential super El Niño could fuel inflation and hurt growth. The brokerage remains stock-specific and has identified 15 preferred large- and mid-cap picks.

The Economic Times

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Rupee ends flat as merchant bids, oil blunt comfort from modest inflows

The Indian rupee hovered close to a one-month low on Wednesday, driven by modest portfolio inflows and increased corporate demand for dollars. Asian currencies remained mostly stable, with the dollar index resting near 101. Meanwhile, oil prices rose due to rising geopolitical tensions in the Middle East, prompting market participants…

The Economic Times

Russian oil still India's key energy bet despite looming US tariff risks

Proposed US tariffs on Russian crude imports could inject fresh market volatility. Replacing Russian supply would be difficult due to limited spare production capacity. US senators unveiled a revised sanctions bill with softened tariffs on energy buyers. India's Russian crude imports hit record levels, acting as a stabilizing force. Disrupting…

The Economic Times

Current price of oil as of July 15, 2026

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

Fortune

US trial could reveal who paid hackers to target Exxon climate critics: ‘on the edge of our seats’

Oil giant has denied involvement, but climate activists are closely watching court case against Israeli private investigator for answers

The Guardian - US

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Iran threatens to cut off vital seaways in response to Trump's renewed blockade

After closing the Strait of Hormuz, Tehran on Wednesday threatened to shut additional energy export routes including the Bab el-Mandeb gateway to the Red Sea, a major global shipping route through which Saudi Arabia exports its oil. The warning comes after the US launched a fresh round of strikes on…

France 24

Ukraine conducts record drone strike of 2,500km after 12-hour flight — $55,000 unit made of plywood halts operations at Russia's largest gasoline producer

Ukrainian FP-1 drones struck the Gazprom Neft oil refinery in Omsk, Siberia, on July 6 after flying roughly 2,500 km over more than 12 hours.

Tom’s Hardware

Mohamed El-Erian Predicts Gas Prices Will Hit $4 a Gallon by the End of the Month as GOP Blames Democrats' Clean Energy Strategy

Economist Mohamed El-Erian has warned that the national average price of gas in the U.S. will hit $4/gallon by the end of July amid escalations between the U.S. and Iran, as well as uncertainty over the Strait of Hormuz.

Benzinga

Heating oil firms told to compensate customers over Iran war price hikes

The CMA found heating oil customers lack the robust protections of those using gas or electricity

The Independent UK

Euro zone bond yields tick higher along with oil prices after big swings

Euro zone bond yields edged higher on Wednesday as oil prices climbed. Germany's 2-year bond yield rose, sensitive to central bank rate expectations. Oil prices increased as the U.S. and Iran continued trading strikes. Money markets are pricing in further ECB tightening this year. U.S. inflation data showed a slowdown…

The Economic Times

China’s economic growth slows to 4.3% as weak domestic demand offsets export boom

Slowdown driven by weak domestic demand and higher oil prices triggered by Iran war

The Independent UK

Explained: Why is stock market rising today even as Iran-US war escalates, oil prices cross $85

Indian equities rallied on Wednesday despite escalating Iran-US tensions and Brent crude crossing $85 a barrel, as investors bet the conflict will remain contained and global risk appetite improves on softer US inflation. Financial stocks led the gains, though analysts cautioned that geopolitical risks, inflation and oil prices remain key…

The Economic Times

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The Economic Times

Mutual funds cut cash allocation by over Rs 4,500 crore in June to 19-month low

Mutual funds cut cash holdings by over Rs 4,563 crore to Rs 1.83 lakh crore in June, marking a 19-month low, as fund houses increased equity exposure amid a market rally. The move came as geopolitical tensions eased and crude oil prices declined. The Sensex and Nifty50 gained 2.98% and…

Benzinga

Trump Hails Military as 'Oil Is Flowing Like Never Before'—Data Shows 10% of Global Refining Capacity Is Offline

President Donald Trump declared that “Oil is flowing like never before” due to United States military efforts keeping the Strait of Hormuz open.

The Economic Times

Science behind boiling lemon peels with bay leaves: What studies say about this popular practice and its benefits

Boiling lemon peels and bay leaves creates a pleasant home fragrance through aromatic compounds. These natural ingredients release scents when heated, filling rooms with a citrus-herbal aroma. However, this method primarily masks odors rather than eliminating their sources effectively. Scientific studies on insect repulsion use concentrated oils, not simmered ingredients.…

The Economic Times

Ethanol small share of son's business, mileage loss due to blending is minor, Nitin Gadkari says

Minister Nitin Gadkari defended the ethanol blending programme against criticism. He stated his family's business involvement is minimal and not influential. Gadkari dismissed claims of vehicle engine damage from E20 fuel. He highlighted the programme's role in reducing pollution and oil imports. The minister also addressed highway construction quality concerns.

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The Independent UK

Oil prices rise above $85 as US strikes Iran for second night

US Central Command says forces struck missile and drone facilities, naval assets and coastal defence systems in Iran overnight

The Economic Times

Indian bonds gain as soft US inflation cools Fed rate hike bets

Indian government bonds saw gains as US inflation eased, reducing immediate rate hike fears. Treasury yields declined, prompting a similar trend in Indian overnight index swap rates. Markets largely overlooked rising oil prices and their impact on domestic inflation. Anticipation of a delayed Federal Reserve rate hike cycle supported bond…

The Economic Times

Tehran threatens to halt all Mideast energy exports after US reimposes its blockade on Iran

The United States reimposed a blockade on Iranian ports over ship attacks. Iran retaliated with strikes on nations hosting American forces. This escalation threatens to push the region back toward full-scale war. Talks over Iran's nuclear program have stalled amid intensified fighting. The conflict impacts global oil and natural gas…

The Economic Times

Rupee edges higher; options market gauge turns most bearish in over a month

The Indian rupee strengthened modestly on Wednesday against the U.S. dollar. Easing U.S. Federal Reserve rate hike bets supported the rupee's upward movement. Elevated oil prices and Middle East tensions caused trader caution and market anxiety. The Reserve Bank of India's daily reference rate saw significant dollar selling. Bond yields…

The Guardian - UK

Heating oil customers to get up to £350 compensation for cancelled orders

Watchdog says about 1,700 people were affected during a price surge triggered by the Middle East crisis

The Independent UK

‘I used to be ashamed of curry’: Nisha Katona on identity, acceptance and Britain’s love affair with Indian food

Once ashamed of the food she grew up with, Nisha Katona has made it her life’s work to bring curry to the British masses. She tells Lauren Taylor about identity, acceptance and why the family recipes we inherit are too precious to take to the grave

Euronews

Cuba plunged into third nationwide blackout in two weeks as power grid collapses

Fuel has been scarce across Cuba since January, when US President Donald Trump threatened to impose tariffs on any nation that supplies or sells oil to the island, exacerbating the island's continuing financial and economic crises.

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