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The Latest Breaking News from Oil

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

The Guardian - UK

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.

Evening Standard

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.

Euronews

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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

The Independent UK

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.

International Business Times

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.

Evening Standard

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Dow futures drop 150 points while oil prices jump after the U.S. bombs Iran's nuclear sites and widens Mideast conflict

"It will take some time for this conflict to settle, but the market will view the worst is now in the rear-view mirror," Dan Ives wrote.

Fortune

Oil rises and US stock futures slide as markets react to US strike on Iran nuclear sites

The price of oil rose and U.S. stock futures fell as global markets react to the U.S. strike against nuclear targets in Iran

The Independent UK

I’m a dietitian. Here’s what I really think about seed oils

US LIFESTYLE: Are seed oils as bad for you as influencers claim? Amber Raiken speaks to nutrients about why the cooking oils deserve a better reputation

The Independent UK

Oil prices could spike 10% after the U.S. attack on Iran — 'But don’t be fooled, this may not last'

Based on the closing price of Brent crude on Friday, a 10% jump would send the global oil benchmark to nearly $85 per barrel.

Fortune

Price of oil could spike after Iran’s parliament votes to close key shipping route

Move could cause a global recession and comes in response to the US strikes on three Iranian nuclear sites

The Guardian - UK

Will Russia stand up for its ally Iran, and how can Moscow benefit from the conflict?

Will Russia stand up for its ally Iran after US struck three Iranian nuclear facilities? What is stronger: the desire to make money on expensive oil and divert the world's attention from Moscow’s war on Ukraine or the fear of losing the ties and contracts built up over the years…

Euronews

Russia’s economy boomed after the invasion of Ukraine—it’s now running out of steam

Record-low unemployment and ultra-hot inflation have put Russia “on the brink” of a recession, its economy minister said.

Fortune

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Euronews

Energy in Europe is also at stake as Israel-Iran conflict escalates

As the Israel-Iran conflict escalates further, there is a mounting fear that natural gas fields are going to be targeted — as well as oil shipping routes. Europe’s liquefied natural gas supply would be seriously impacted, along with its economies.

The Independent UK

How Iran could retaliate after US bombs its nuclear program

It could be days or weeks before the full impact of the U.S. strikes on Iran's nuclear sites is known

Fortune

How could Iran respond to the U.S. attack on key nuclear sites? Its options are the ‘strategic equivalent of a suicide bombing,’ expert says

“They can strike U.S. embassies and bases, attack oil facilities in the Persian Gulf, mine the Strait of Hormuz, or rain missiles on Israel—but the regime may not survive the blowback.”

The National (Scotland)

Scotland's 'bucking international trends' on investment. Is that a good thing?

BILLIONS of pounds are set to flow out of Scotland due to foreign investment figures celebrated by the Scottish Government ...

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news in one place.

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AAP

Spotlight on inflation as state treasurers come clean

Monthly inflation data and state budget updates are set to dominate the economic agenda and shape the Reserve Bank's next cash rate call.

BANG Premier

Sean ‘Diddy’ Combs kept astonishing collection of baby oil and lubricant in humidity-controlled case

As part of evidence presented during his sex trafficking trial, it has emerged Sean ‘Diddy’ Combs kept his astonishing collection of baby oil and lubricant in a humidity-controlled case.

Radio France Internationale

Nigerian monarch demands $12 bn for clean-up before oil giant Shell exit

An influential traditional chief in Nigeria's oil-rich Niger Delta has demanded that UK energy giant Shell pay $12 billion for environmental pollution before it leaves the region.

Barchart

Crude Prices Slip as US Holds Back from Iran Attack

July WTI crude oil (CLN25 ) Friday closed down -0.21 (-0.28%), and July RBOB gasoline (RBN25 ) closed up +0.0209 (+0.91%). Crude oil and gasoline prices settled mixed on Friday, with gasoline posting a 10-1/4 month high. Friday's weaker dollar was bullish for energy prices. Crude oil prices turned lower...

Evening Standard

Weak retail sales and falls in key oil and drug stocks stifle FTSE 100

The FTSE 100 index closed down 17.15 points, 0.2%, at 8,774.65.

Barchart

Crude Prices Pressured on Reduced Concern About an Imminent US Strike on Iran

July WTI crude oil (CLN25 ) today is down -0.26 (-0.35%), and July RBOB gasoline (RBN25 ) is up +0.0057 (+0.25%). Crude oil and gasoline prices today are mixed, with gasoline posting a 10-1/4 month high. Today's weaker dollar is bullish for energy prices. Also, concern about the Israel-Iran conflict...

The Conversation

Trump’s first term lies at the heart of escalation between Iran and Israel

The US president, Donald Trump, is weighing up whether to join Israel in attacking Iran. The fact he is even contemplating such a move is, in my opinion, a direct consequence of his 2018 decision to tear up the agreement negotiated during Barack Obama’s presidency that limited Iran’s nuclear capabilities…

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