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The Latest Breaking News from Oil

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

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The Independent UK

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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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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.

Benzinga

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.

Evening Standard

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 Guardian - UK

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.

The Conversation

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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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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Fortune

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.

The Independent UK

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

Fortune

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.

The Guardian - UK

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

Euronews

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…

Fortune

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.

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