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The Latest Breaking News from Oil

Dollar steady before US inflation data, yen under pressure

The dollar remained steady as traders awaited United States inflation data. Middle East tensions caused oil prices to increase significantly on Monday. The Japanese yen held a soft tone due to intervention concerns and policy comments. Federal Reserve officials indicated potential rate hikes if inflation persists above target. Investors are…

The Economic Times

Iraq PM to meet Trump in Washington under pressure over Iran ties

Iraqi Prime Minister Ali al-Zaidi will meet US President Donald Trump in Washington on Tuesday, as the US administration piles pressure on Baghdad to curb Iranian influence. Washington had suspended the payments earlier this year as it pressured Baghdad to disarm the pro-Iran armed groups.

The Economic Times

Oil climbs to one-month high as US, Iran step up attacks in Strait of Hormuz

Oil prices climbed to a four-week high on Tuesday. The United States reinstated its naval blockade of Iran. Two United Arab Emirates tankers were struck by Iranian missiles. The United States conducted strikes against Iran for a third night. Houthi rebels fired missiles at Saudi Arabia after accusing them.

The Economic Times

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U.S. military renews strikes on Iran while tankers come under attack in Strait of Hormuz

US forces conducted strikes against Iran for a third night. Two tankers faced attacks in the Strait of Hormuz while transiting. President Trump declared a blockade and vowed to guard the vital waterway. Iran responded by targeting US facilities and equipment in the region. Oil prices surged significantly following these…

The Economic Times

60 things under $25 that are sexy as hell

This sultry list will have you checking off your date night list without breaking the bank.

Mic

Trump dramatically cuts size of two national monuments held sacred by tribes

Bears Ears and Grand Staircase-Escalante in Utah will lose ‘close to a million and a half acres each’ and open land to developers and oil industry

The Guardian - US

Trump Faces New Iran War Crisis as Conflict Escalates and Fears of US Involvement Grow

Donald Trump's naval blockade on Iran escalates Middle East tensions, impacting global oil prices and involving key US allies, raising fears of deeper US military involvement.

International Business Times UK

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Women on ancient Roman farms were in charge of making wine, oil – and profits. Historians dismissed them as ‘housekeepers’

Female farm managers are hidden in plain sight in ancient Roman texts, mentioned in laws, literature and grave inscriptions across five centuries. Modern historians have generally assumed they were housekeepers, in charge of domestic tasks and household meals, and segregated from the productive business of the farm.

The Conversation

Labour MPs told backing North Sea is ‘about more than oil and gas’

Supporting the North Sea oil and gas sector will benefit jobs and the economy and also help the UK meet its climate obligations, MPs are being told.

Evening Standard

Cotton Closes Mixed on Monday

Cotton futures were mixed to start the week, with contracts down 9 to 10 points higher. Crude oil was up $6.54 on the day following increased tensions with the US and Iran. The US dollar index was up $0.325. Monday afternoon’s Crop Progress showed 60% of the US cotton crop...

Barchart

Soybeans Hold onto Monday Gains at the Close

Soybeans closed with Monday gains of 4 to 5 ½ vents. The cmdtyView national average Cash Bean price was up a nickel at $11.50 3/4. Soymeal futures were down $3.20 to $6.30, with Soy Oil futures 148 to 236 points higher. USDA reported a private export sale of 136,000 MT...

Barchart

FACT FOCUS: A look at US and Iranian claims of control over the Strait of Hormuz

A focal point of the Iran war is increasingly about who controls the Strait of Hormuz — a waterway that for decades was a relatively safe transit route for Middle East oil and natural gas supplies

The Independent UK

Quote of the day by John D Rockefeller: 'Save when you can and not when...' Life lessons from inspiring quote on proactive saving, reactive panic, emergency fund, consistent investments and financial discipline

Quote of the day by John D Rockefeller highlights the importance of saving money before financial problems arise instead of waiting until an emergency forces action. The quote explains how proactive saving, emergency funds, consistent investments, financial discipline and controlled spending help people prepare for uncertain situations. It also reflects…

The Economic Times

Stocks Settle Lower as Chipmakers Routed and US-Iran Tensions Escalate

The S&P 500 Index ($SPX ) (SPY ) on Monday closed down -0.79%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.26%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.88%. September E-mini S&P futures (ESU26 ) fell -0.79%, and September E-mini Nasdaq futures...

Barchart

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Kiplinger

Stocks Down, US-Iran War Action Up: Stock Market Today

A big week for incoming earnings, inflation and interest rate data and commentary begins with another sell-off in South Korea and a refreshed energy shock.

The Economic Times

US stocks today: US stocks end lower as Iran tensions dampen risk appetite; chipmakers drop

Tech stocks dragged Wall Street lower as escalating US Iran tensions and a renewed blockade lifted oil prices and dented risk appetite. Nasdaq led losses amid chip stock weakness, while energy shares supported the Dow. Investors now await Fed Chair Warsh testimony, inflation data and big bank earnings for directional…

International Business Times

The U.S. And Iran Are Escalating Clashes Again. Stocks Dropped And Oil Soared Almost 10%

Stocks dropped on Monday as tensions between the U.S. and Israel flare up again.

Barchart

Dollar Rises with Crude Prices and Bond Yields

The dollar index (DXY00 ) rose by +0.29% on Monday. The dollar found support Monday on some safe-haven demand from escalating hostilities in the Middle East after the US and Iran traded attacks over the weekend. Also, Monday's stock market weakness boosted liquidity demand for the dollar. In addition, Monday's...

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Barchart

Crude Oil Prices Sharply Higher on Escalation of US-Iran Hostilities

August WTI crude oil (CLQ26 ) on Monday closed up +6.73 (+9.42%), and August RBOB gasoline (RBQ26 ) closed up +0.1817 (+6.09%). Crude oil and gasoline prices surged on Monday, with crude posting a 3.5-week high and gasoline posting a 5-week high. Crude prices soared amid an escalation of US-Iran...

International Business Times UK

Tom Cruise Reveals 'Digger' Pushed Him Like No Film Before, As First Full Trailer Drops Worldwide

Tom Cruise undergoes a dramatic transformation in Alejandro González Iñárritu's 'Digger', portraying an oil baron amidst a nuclear crisis. The film promises originality and a departure from Cruise's typical roles.

The Economic Times

Why Doritos can work as emergency fire starter kindling; the surprising science explained

Doritos are known as a crunchy snack, but their ingredients give them an unexpected ability: they can help start a small fire. The combination of corn-based carbohydrates, vegetable oils, and their dry, lightweight structure allows the chips to catch fire and sustain flames briefly. Their triangular shape also helps airflow,…

Bangkok Post

SET continues to outperform the region

After defying the "Sell in May" trend, the Stock Exchange of Thailand (SET) in June continued to rise, helped by the US-Iran ceasefire.

Bangkok Post

It's a shame the US and Iran can't both lose

The last time oil tankers were being shot up in the Persian Gulf, back in the 1980s, it was Saddam Hussein's brutal tyranny in Iraq versus Ayatollah Khomeini's revolutionary Islamist regime in Iran, and people used to say, "It's a shame that both sides can't lose."

Barchart

Cotton Fading Back Lower on Monday

Cotton futures are fading lower, with contracts down 20 to 25 points, as thin October is up 16 points. Crude oil is back up $4.21 on the day following increased tensions with the US and Iran. The US dollar index is up $0.285. Friday afternoon’s Commitment of Traders report showed...

Barchart

Soybeans Posting Monday Rally

Soybeans are trading with midday gains of 7 to 11 ½ cents so far. The cmdtyView national average Cash Bean price is up 9 1/2 cents at $11.54 1/4. Soymeal futures are down $2.30, with Soy Oil futures 248 to 300 points higher. There were 45 deliveries issued against July...

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