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The Latest Breaking News from Oil

Asian Countries Most Vulnerable To Strait Of Hormuz Blockade

Around 84 percent of oil passing through the Strait of Hormuz is destined for Asia, leaving the economies of China, India, South Korea and others vulnerable should Iran blockade the crucial trading route over US strikes on its nuclear sites.

International Business Times

Reeves calls for Middle East de-escalation amid oil price fears

Government announces plan to cut firms’ electricity bills as part of launch of its industrial strategy

The Guardian - UK

Support for solar energy and offshore wind falls among Democrats and independents, AP-NORC poll says

A new poll shows Americans’ support for green energy tax credits and renewable energies like wind and solar power has decreased in recent years, driven by a softening in support from Democrats and independents

The Independent UK

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How will your household costs be affected by conflict in the Middle East?

The price of oil rising impacts on fuel, transport, production and inflation

The Independent UK

Showers? WiFi? Replacement trekking poles? What’s available – and what’s not – on the trek to Everest Base Camp?

Trekking to the world's highest base camp doesn’t mean that you’ll have to go for 11 days without charging your phone or seeing a proper toilet

Advnture

As Trump floats regime change to ‘Make Iran Great Again’, Deutsche Bank warns Europe has drawn the short straw in escalating conflict

Europe may have drawn the economic short straw after the U.S. intervened in Middle East tensions, while JPMorgan warns the volatility may be set to last.

Fortune

Strait of Hormuz Explained: The Key to Global Energy Security

The Strait of Hormuz carries 20% of global oil daily, but Iran's threats to close it amid 2025 tensions could push prices to £80 ($100) per barrel. Learn why this waterway is critical and what's at stake.

International Business Times UK

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Occidental Petroleum, Exxon Mobil, Chevron Surge In Monday Pre-Market: What's Going On?

Occidental Petroleum Corp (NYSE:OXY), Exxon Mobil Corp (NYSE:XOM) and Chevron Corp (NYSE:CVX) climbed 1.95%, 1.53% and 1.31% during Monday pre-market trading session after oil prices have skyrocketed to their highest point since January, sparking concerns about potential supply disruptions.

Benzinga

Trump’s threat of ‘regime change’ in Iran is being greeted with calm and enthusiasm by the markets

Investors are unconcerned about major oil disruptions, reasoning that Iran is unlikely to close the Strait of Hormuz and harm its own economy.

Fortune

Experts fear oil prices could hit $100 a barrel after US strikes on Iran

IN FULL

The Independent UK

Chevron Joins Lithium Race With 125,000-Acre Texas-Arkansas Deal

Chevron U.S.A., a subsidiary of Chevron Corporation (NYSE:CVX), announced its intention to enter the lithium market last week by acquiring lease rights to approximately 125,000 net acres spanning northeast Texas and southwest Arkansas.

Benzinga

Oil prices soar after US attacks on Iran nuclear sites – why they could go higher

Some analysts fear oil prices could hit 100 US dollars (£74.43) a barrel if Iran closes the Strait of Hormuz shipping route.

The Independent UK

Marco Rubio Urges China To Intervene, Calls Strait Of Hormuz Closure 'Economic Suicide' For Iran: 'We Retain Options To Deal With That'

U.S. Secretary of State Marco Rubio has called on China to prevent Iran from shutting down the Strait of Hormuz, a crucial trade route for global crude oil. Rubio’s warning comes amid escalating tensions in the Middle East.

Benzinga

US asks China to stop Iran from ‘terrible mistake’ of closing Strait of Hormuz

The Iranian parliament approved a measure to close the Strait of Hormuz, through which around 20 per cent of global oil and gas flows

The Independent UK

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Benzinga

Oil Prices Could Surge By 10% As US Drops Bunker Buster Bombs On Iran, But May Not 'Last,' Says Analyst: 'Freight Disruptions Will Be The Story To Watch'

In the wake of the U.S. dropping bunker buster bombs on Iran’s key nuclear sites, energy markets are preparing for potential disruptions and a further surge in oil prices.

Evening Standard

Oil prices jump after US attacks Iran nuclear sites

Some experts have warned that the closure of the critical Strait of Hormuz waterway could see oil prices hit 100 US dollars (£74.43) a barrel.

The Guardian - UK

US strikes on Iran could damage global growth, says IMF chief

Oil prices could rise if Iran goes ahead with threat to shut down shipping in the strait of Hormuz

The Conversation

Strait of Hormuz: closing vital oil and gas route would disrupt global supplies. How will Australia be affected?

The Iranian parliament has approved the closure of key shipping route the Strait of Hormuz, in a move that could further escalate the Israel/Iran war.

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news in one place.

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The Guardian - UK

Goldman Sachs warns Brent crude could hit $100 per barrel if strait of Hormuz is disrupted; oil dips as Trump demands lower prices – as it happened

Rolling coverage of the latest economic and financial news

Evening Standard

FTSE 100 Live 23 June: Oil price firm, mid-cap bid action continues

Oil prices and the FTSE 100 index today held firm as European markets gave a calm response to the US strikes on Iranian nuclear facilities.

Euronews

Oil rises and Europe's markets open lower after US strikes on Iran

The price of oil rose and stock markets fell as investors reacted to the US strikes against nuclear targets in Iran.

The Independent UK

Oil prices soar and Asian markets sink as Trump joins Israel’s war on Iran

Iran has threatened to shut down Strait of Hormuz, through which a fifth of world’s oil passes, in response to US attacks on its nuclear sites

The Independent UK

Fresh summer vegetable recipes to try now – from smashed cucumbers to miso-glazed courgettes

The chef behind viral account Another Day in Paradise shares fresh, flavour-packed dishes – from smashed cucumber caesar to miso-glazed courgettes and kimchi pasta puttanesca – to make vegetables the highlight of your table this season

International Business Times

Oil Prices Spike After US Strikes On Iran

Oil prices surged and Asian markets traded lower on Monday on concerns of disruption to energy markets after US air strikes on Iran's nuclear facilities.

Evening Standard

Campaign launched to bring only Turner oil painting of Bristol back to city

The one-week campaign, named Bring Turner Home, aims to return the piece to the city.

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