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The Latest Breaking News from Oil

Grain Market Bulls Look to Extend Friday’s Rallies, but Speed Bumps Are Ahead

Potential weather scares and boiling geopolitical tensions face off against bullish technicals in grains.

Barchart

Donald Trump repeats call for Russia to be readmitted at G7 summit in Canada

US president said Ukraine war would not have happened if Moscow had not been thrown out in 2014 over Crimea

The Guardian - UK

Kosmos Energy (KOS) Gets a Boost Amid Crude Surge and Unusual Options Activity

As geopolitical tensions drive oil higher, KOS stock sees increased options volume and a rare market sequence pointing to a potential upside move.

Barchart

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'You worry': fears in Iranian community after bombing

Iranians in Australia say there is growing community fear over the safety of family members caught up in escalating violence in the Middle East.

AAP

I’m a beauty writer and these are the SPFs I’m taking to Greece (with 30% off)

The scent alone is enough to make you reach for these skincare saviours

The Independent UK

Crude Prices Retreat as Iran Seeks to End Hostilities

July WTI crude oil (CLN25 ) today is down -2.42 (-3.32%), and July RBOB gasoline (RBN25 ) is down -0.0238 (-1.07%). Crude oil prices surged by +5% initially on Sunday night as the Israel-Iran conflict entered its fourth day. However, crude prices gave up their advance and fell sharply on...

Barchart

Stocks Rally as Iran Signals it Wants an End to Hostilities

The S&P 500 Index ($SPX ) (SPY ) is up +1.15%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +1.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.49%. June E-mini S&P futures (ESM25 ) are up +1.11%, and June E-mini Nasdaq futures (NQM25...

Barchart

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Middle East crisis risks igniting inflation. Here are the markets to watch out for in Australia

Interest rate cuts still likely, experts say, but oil and gold prices are up and the share market is likely to remain volatile

The Guardian - AU

Stocks Rebound on Hopes Israel-Iran Conflict Will be Contained

The S&P 500 Index ($SPX ) (SPY ) is up +0.79%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.73%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.98%. June E-mini S&P futures (ESM25 ) are up +0.91%, and June E-mini Nasdaq futures (NQM25...

Barchart

Iran and Israel crisis: what does it mean for the price of oil?

Banks and forecasters say price trajectory will depend on how far the military and humanitarian crisis escalates

The Guardian - UK

What would an Israel-Iran war mean for the global economy?

As attacks between Israel and Iran persist, the global economy could face an adverse shock if tensions aren’t contained.

Al Jazeera

Be Careful, Honda Riders, There's a Big Recall On 3 Models Right Now

American Honda is recalling some 2025 Africa Twin 1100s, Rebel 1100s, and XL750 Transalps due to a bolt manufacturing issue that could leak oil onto the rear tire.

RideApart

Stock markets are ignoring the war as they wait for the Fed

Here’s a snapshot of the action this morning prior to the opening bell in New York.

Fortune

European stock markets opened higher despite escalating Israel-Iran conflict

The major European stock indexes opened slightly higher while oil prices stayed elevated due to the uncertainty around the Israel-Iran crisis.

Euronews

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The Guardian - UK

Israel issues Tehran evacuation order as Iran threatens to leave nuclear weapons treaty

Euronews

Israel-Iran crisis: How vital is the Strait of Hormuz for oil market?

Tensions between Israel and Iran have raised fears of disruption in the Strait of Hormuz, a vital route for global oil and LNG. Experts warn that even the threat of closure could rattle markets and push energy prices sharply higher.

The Independent UK

Will a spike in oil price mean I pay more for my flight or holiday?

Tour operators can add 8% to the cost of a package – but they must show their working

The Guardian - UK

Bank unveils green loans plan to unlock trillions for climate finance

IADB’s proposals involve lenders using public money to buy up renewable energy loans in poor countries

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The Guardian - UK

UK petrol prices poised to rise as Israel-Iran conflict pushes up cost of oil

Brent crude falls by 3.4% late on Monday amid reports of potential talks to end the hostilities

The Guardian - UK

FTSE 100 closes near record high, and oil price falls, on reports Iran seeks talks with Israel – as it happened

Rolling coverage of the latest economic and financial news

Evening Standard

FTSE 100 Live 16 June: Oil price steadies, BetMGM boost for Entain

Oil prices and the FTSE 100 index today held steady in a session when China’s latest retail sales figures offered some support to jittery global markets.

The Independent UK

Asian shares are mixed and oil prices advance as Israel-Iran crisis escalates

Asian shares are mixed and oil prices have climbed further as escalating Iran-Israel tensions threaten to disrupt supplies of crude

International Business Times

Oil Prices Rise Further As Israel-Iran Extends Into Fourth Day

Oil prices extended gains Monday as Israel and Iran pounded each other with missiles for a fourth day and threatened further attacks, stoking fears of a lengthy conflict that could reignite inflation.

AAP

Aussie shares stall as conflict weighs on confidence

Air and drone attacks in the Middle East have dominated market sentiment since Israel launched air strikes in Iran last week, sending oil prices surging.

AAP

Premier vows to protect state in Santos takeover bid

State government approval of the takeover of one of Australia's biggest oil and gas producers will depend on keeping a local headquarters and maintaining jobs.

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