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The Latest Breaking News from Oil

Gold prices snap 2-day fall, silver at Rs 2.75 lakh/kg. What should you do amid Iran war uncertainty?

Gold prices rose while silver declined on MCX Tuesday as a weaker dollar and cooling crude oil prices influenced sentiment. Gold gained after U.S. President Donald Trump delayed a planned strike on Iran, easing concerns over oil supply disruptions and inflation.

The Economic Times

Katie Price Reaction To Lee Andrews' Alleged Kidnapping – Promote Her CBD Oil To 'Relax' And Manage 'Anxious Anxiety'

Katie Price discusses her husband's disappearance in Dubai, promoting her CBD products for anxiety relief. The situation has sparked mixed reactions on social media due to the timing of her endorsement

International Business Times UK

‘Should we leave them to die?’ The battle over how to save orangutans from the curse of palm oil

The long read: As new settlers clear their forest habitat, the apes are coming into conflict with humans. But simply moving them to another part of the forest may not be the answer

The Guardian - UK

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Sensex drops 114 points, Nifty below 23,650 as rupee hits fresh lifetime low; broader markets outperform

Indian markets ended lower on Tuesday as Sensex and Nifty erased early gains amid rupee weakness, even as volatility cooled. IT stocks outperformed while banking and FMCG names dragged indices. Broader markets stayed resilient, FIIs extended buying, and analysts highlighted key resistance levels amid persistent macro headwinds.

The Economic Times

Petrol, diesel price hike impact: HPCL, BPCL & IOC shares jump 2% each. What lies ahead for the OMCs?

Oil marketing companies like HPCL, BPCL, and IOC saw a 2% share increase following a second petrol and diesel price hike in under a week, with prices rising by approximately 90 paise per litre. This move aims to alleviate financial pressure on OMCs amid elevated global crude prices and geopolitical…

The Economic Times

Asian shares trade mixed and Kospi falls nearly 4% as oil prices keep swinging

Asian shares are mostly lower as uncertainty about what will happen with the Iran war roils global markets

The Independent UK

Iran-US war latest: Vance ‘not certain’ about peace deal as he warns US military ‘locked and loaded’ to resume strikes

The US president earlier said the military may launch “another big hit” on Tehran if a peace deal is not agreed

The Independent UK

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Oil Price Today (May 19): Crude oil retreats from $110 as Trump delays planned strike on Iran. Where are prices headed?

Oil prices dipped Tuesday after President Trump delayed a planned military strike on Iran, following appeals from Middle Eastern leaders. This de-escalation eased immediate concerns over global crude supply disruptions. Analysts warn that a prolonged closure of the Strait of Hormuz could still impact markets significantly.

The Economic Times

Petrol, Diesel prices increased by 90 paise per litre after 3-rupee hike. Check fuel rates in Delhi, Mumbai, Kolkata and other cities

Petrol, Diesel prices today: Fuel prices have seen another surge, with petrol and diesel rates increasing by approximately 90 paise per litre. This marks the second hike in under a week, pushing petrol prices in Delhi to Rs 98.64 and diesel to Rs 91.58. The hike in fuel prices comes…

The Economic Times

Gold steady on weaker dollar after Trump pauses planned Iran attack

Gold prices stabilized as a weaker dollar and falling oil prices eased inflation worries, following President Trump's decision to pause an attack on Iran. This move, aimed at fostering negotiations, has impacted the precious metal's market dynamics. Meanwhile, other precious metals like silver, platinum, and palladium also saw declines.

The Economic Times

Cuba warns of ‘bloodbath’ as US imposes new sanctions amid rising tensions

Cuba’s leadership warned Monday of a “bloodbath” in the event of a US attack, as Washington imposed new sanctions on the country’s intelligence agency and senior officials. The escalation comes amid reports of heightened military tensions and claims of Cuban drone acquisitions from Russia and Iran.

France 24

Bangchak launches Thailand’s first commercial SAF production

Bangchak Group has launched Thailand’s first commercial production of Sustainable Aviation Fuel (SAF) from the country’s first 100% HEFA-SPK SAF Stand Alone production unit at Bangchak Phra Khanong Refinery. The milestone marks an important step in Thailand’s transition toward future energy, supporting Net Zero ambitions while responding to growing demand…

Bangkok Post

Positive cues from GIFT Nifty point to higher opening for D-Street

Markets are expected to remain event-driven with persistent volatility due to elevated crude oil prices, a weakening rupee, rising bond yields, and inflationary concerns. Despite resilient domestic earnings, investors are wary of the second-order impacts on inflation and the RBI's policy. The India VIX rose to 19.63, indicating market fear.

The Economic Times

Global Market Today: Oil slips, Asian stocks rise on Iran optimism

Oil prices have fallen and Asian stock markets have risen. President Donald Trump has paused military strikes, sparking hopes for a deal to end the conflict. This development could reopen energy routes through the Strait of Hormuz. Investors are watching closely as negotiations are reportedly underway. Markets experienced volatility due…

The Economic Times

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The Economic Times

Oil falls over 2% as Trump holds off scheduled attack on Iran

Oil prices dipped as President Trump paused an Iran attack for talks, easing immediate tensions. Brent and WTI futures saw declines. Analysts are watching for a genuine de-escalation or a tactical pause, with Iran's response and Strait of Hormuz tanker movements being key. Sanctions waivers and U.S. Strategic Petroleum Reserve…

The Guardian - AU

Ukraine war briefing: Chinese ship hit on way in to Odesa port, says Zelenskyy

Civilian vessels under Russian attack in Black Sea; Kyiv condemns Belarus nuclear drills as threat to Nato and global security. What we know on day 1,546

The Guardian - AU

‘Remain calm’: Japan is gripped by fears of a naphtha shortage. What is it and why are people worried?

Few had heard of the crude oil-derived chemical until recently, but shortages caused by the blockade of the strait of Hormuz have led to a spike in concern

Barchart

Cotton Rallies into the Monday Close

Cotton futures closed the Monday session with contracts 110 to 309 points higher on the day. The US dollar index was $0.298 lower at $98.91. Crude oil was up $1.83 at $107.25 on the day. NASS Crop Progress data showed 41% of the US cotton crop planted as of May...

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The Independent UK

Maduro ally is charged in Venezuela bribery case after deportation to US

Alex Saab, a close ally of ousted Venezuelan President Nicolás Maduro, has been charged in Miami with bribing officials for government contracts

Barchart

Stocks Settle Mixed as Iran War Remains Unresolved

The S&P 500 Index ($SPX ) (SPY ) on Monday closed down -0.07%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.32%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.45%. June E-mini S&P futures (ESM26 ) fell -0.12%, and June E-mini Nasdaq futures...

The Economic Times

US stocks today: Nasdaq falls as technology stocks slide, Treasury yields climb

US stocks closed mixed as Nasdaq slipped due to profit booking and rising Treasury yields, while Dow edged higher. Oil prices surged on supply disruption fears but later eased after geopolitical comments. Energy stocks outperformed, Nvidia earnings are awaited, and Regeneron fell after a failed drug trial result.

Motor1

‘Jiffy Lube Strikes Again!’: Mechanic Inspects Mini Cooper. Then He Sees What Jiffy Lube Forgot To Do

“Does Jiffy Lube even train their employees?”

Barchart

Dollar Slips as President Trump Cancels a Planned Attack on Iran

The dollar index (DXY00 ) fell from a 1.25-month high on Monday and finished down by -0.25%. The dollar gave up overnight gains on Monday and turned lower following reports that the US proposed a temporary waiver of sanctions on Iran's oil. Also, comments on Monday afternoon from President Trump...

The Independent UK

Though gas prices dropped by a cent last week experts warn another spike could be coming ahead of Memorial Day

Oil markets are sensitive to the ever-shifting geopolitical tensions between the US and Iran, thus making gas prices volatile

Barchart

Crude Oil Prices Finish Sharply Higher Amid Tightening Global Supplies

June WTI crude oil (CLM26 ) on Monday closed up +3.24 (+3.07%), and June RBOB gasoline (RBM26 ) closed up +0.0588 (+1.59%). Crude oil and gasoline prices rallied sharply on Monday, with crude posting a 3-week high and gasoline posting a nearly 4-year nearest-futures high. Crude prices soared on Monday...

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