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The Latest Breaking News from Oil

FTSE 100 drifts as miners offset JD Sports tumble

The FTSE 100 index closed up just 4.81 points at 10,748.16.

Evening Standard

Why is the Trump administration causing turmoil in the bond markets?

As yields are dragged higher in the UK, Europe and Japan, the impact for consumers and businesses will be far-reaching

The Guardian - UK

Crude Oil Prices Jump as Hopes Dim of Reopening the Strait of Hormuz

September WTI crude oil (CLU26) is up +2.03 (+2.37%) today, and September RBOB gasoline (RBU26) is up +0.0008 (+0.02%). Crude oil and gasoline prices are moving higher today, with crude oil climbing to a 1-month high. Crude prices are rising after President Trump threatened to crush Iran’s economy, dampening any...

Barchart

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read the most diverse news in one place.

Stocks Under Pressure as Bond Yields Climb on Inflation Fears

The S&P 500 Index ($SPX ) (SPY ) is down by -0.29% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down by -0.64%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.51%. E-mini S&P futures (ESU26 ) are down -0.20%, and September E-mini...

Barchart

Dollar Rebounds on Strong US Economic News

The dollar index (DXY00 ) recovered from a 3-month low today and is up +0.05%. Short covering emerged in the dollar today on better-than-expected US economic news, including weekly jobless claims, the Aug Philadelphia Fed business outlook survey, and July leading indicators. Also, today’s +2% jump in WTI crude oil...

Barchart

Exclusive: Venezuela, sick with hyperinflation, engages the ‘money doctor’ Steve Hanke for a dose of dollarization medicine

The Johns Hopkins professor has spent five decades traveling the world, fighting for the cause of sound money. He's taking on his biggest dragon yet.

Fortune

Oil rises to 3-week high as Iran war impasse fuels Middle East supply concerns

Oil prices climbed to three-week highs as uncertainty over the Iran conflict and Strait of Hormuz disruptions raised supply concerns. Brent rose 2.39% to $93.81, while WTI gained 2.89%. Both benchmarks headed for fifth consecutive sessions of gains.

The Economic Times

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Stocks Slip as Soaring Crude Prices Push Bond Yields Higher

The S&P 500 Index ($SPX ) (SPY ) is down by -0.20% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down by -0.63%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.24%. E-mini S&P futures (ESU26 ) are down -0.24%, and September E-mini...

Barchart

Trump plan to allow drilling near US world heritage site sparks alarm

Administration’s plan to scrap drilling-free buffer zone around New Mexico site prompts scrutiny from Unesco

The Guardian - US

The best hair oils for glossy, healthy looking locks

They’re all the rage, but which scalp serums, oils and capsules can be counted on for nourishment and serious shine?

The Guardian - UK

Along Nigeria’s ‘spiritual highway’, prayer camps create a new urban future

The highway between Lagos and Ibadan was built in 1978 at the height of Nigeria’s oil boom. Lagos is the country’s largest city, with an estimated population of over 20 million, and Ibadan the third-largest and home to a globally renowned university.

The Conversation

Your next oil change is becoming a bigger part of car dealers’ business as profits cool and service departments make up the difference

Dealers are chasing service revenue as pandemic-era profits from selling cars fall back to Earth.

Fortune

Trump’s ‘Economic D-Day’ for Iran arrives - but he is running out of cards to play

IN FOCUS: The U.S. president has threatened to impose unprecedented economic punishment on Iran, but experts tell Maira Butt that China may prove a huge obstacle

The Independent UK

India enters 'long-term arrangement' with Mauritius to supply petrol, diesel and aviation fuel

India has signed a long-term supply arrangement with Mauritius for petrol, diesel and aviation fuel, strengthening energy cooperation between the two countries. The agreements, signed during Oil Minister Hardeep Puri’s visit, include a government-to-government MoU on oil and gas cooperation and a sales agreement with Indian Oil. Mauritius disclosed no…

The Economic Times

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International Business Times

Trump Announces Increased Economic Pressure Against Iran. Oil Prices Jump.

Both Brent crude and West Texas Intermediate were climbing around 3%.

MarketBeat

Diamondback Hits a Milestone at Just the Right Time

Diamondback Energy topped 1 million BOE/d, posted record quarterly revenue and earnings, raised guidance, and doubled its buyback, while analysts maintain a consensus Buy rating.

Barchart

Cotton Slipping Back Early on Thursday

Cotton price action is back down 30 to 44 points so far on Thursday following Wednesday’s rally. Futures closed with contracts 243 to 294 points higher across the front months, with deferred contracts 53 to 110 points in the green. Crude oil was up $1.90, with the US dollar index...

The Economic Times

Investors dump India bonds after hawkish RBI minutes

Domestic bonds experienced mounting pressure after the Reserve Bank of India's recent policy minutes conveyed a hawkish tone. The escalation in oil prices further compounded this decline in bond values. Policymakers expressed a willingness to raise interest rates if inflation concerns arise, triggering fears of increased borrowing costs within the…

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news in one place.

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International Business Times

The U.S. Is Reportedly Carrying Stealth Missions To Carry Oil Through Hormuz. Millions Of Barrels Are Making It Through.

Between 15 and 20 vessels have entered and exited the waterway through a channel established by the U.S. military.

Benzinga

US Reportedly Runs a Covert Shipping Corridor in Hormuz, Moves 10 Million Oil Barrels Daily—Analyst Says 'Major Development if...'

The U.S. military has reportedly established a “stealth” shipping corridor in the Strait of Hormuz, a critical oil transport route.

The Times of India

US's secret Hormuz corridor: How America kept ships and oil moving despite Iran's closure

The US military secretly helped commercial tankers navigate the Strait of Hormuz in recent weeks despite Iran's closure of the strategic waterway. The operation allowed millions of barrels of oil to reach global markets each day despite the ongoing war with Iran, according to an Axios report citing two US…

The Economic Times

Rupee spins wheels in thin band, shorts await fresh entry points

The Indian rupee traded in a narrow range on Thursday, supported by central bank actions. Global factors showed limited impact as the Reserve Bank of India maintained currency stability. Speculative positioning remains cautious, with a lean towards further rupee depreciation. Elevated oil prices pose a significant macroeconomic risk for India's…

Fortune

Current price of oil as of Aug. 20, 2026

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

The Economic Times

Indian Oil close to signing LPG import deal with Algeria's Sonatrach for 2027: Sources

Indian Oil Corp has finalized a deal with Algeria's Sonatrach for LPG imports. This agreement will supply one very large gas carrier monthly starting in 2027. India is diversifying its LPG sources to reduce Middle East reliance. The nation is also increasing intake of United States LPG supplies. This move…

Barchart

Stocks Slip Before the Open as Bond Rout Resumes; Walmart Sinks After Earnings

September S&P 500 E-Mini futures (ESU26) are down -0.37%, and September Nasdaq 100 E-Mini futures (NQU26) are down -0.48% this morning, pointing to a lower open on Wall Street as Treasury yields resumed their climb.

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