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The Latest Breaking News from Oil

Euro zone bonds join global selloff, long-end yields at multi-year highs

On Tuesday, yields on longer-dated euro zone bonds surged to levels not seen in years. The increasing oil prices, spurred by diminishing expectations for a quick resolution to the conflict in Iran, intensified inflation worries throughout the markets. Consequently, investors are anticipating a quarter-point interest rate hike from the ECB,…

The Economic Times

Current price of oil as of Aug. 18, 2026

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

Fortune

Trump Threatens To Bomb Oman: Why the Strait of Hormuz Could Send Fuel Prices Higher

Trump threatened to bomb Oman over the Strait of Hormuz as the key oil route stays gridlocked, a standoff that could push US fuel prices and inflation higher.

International Business Times UK

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Nasdaq Futures Plunge as Rising Bond Yields Drive Chip Selloff

September Nasdaq 100 E-Mini futures (NQU26) are down -1.21% this morning as a global bond rout sapped investors’ appetite for risk, triggering a selloff in chip and other AI-related stocks.

Barchart

Ship attacked during Strait of Hormuz transit and other news from the Middle East

A ship was hit by a projectile while sailing out of the Strait of Hormuz

The Independent UK

Rupee ends marginally lower as central bank shields from oil, yield strain

The Indian rupee experienced a minor decline on Tuesday, with speculation that the Reserve Bank of India intervened to bolster its position. Contributing factors included high oil prices and climbing global bond yields, which put additional stress on the currency. Concurrently, yields on Indian government bonds rose, and there was…

The Economic Times

I found a £3 supermarket shower gel that makes my bathroom feel like a luxury spa

I’ve been testing Dove’s new jojoba oil and coconut milk, French lavender and pink dragonfruit body washes

Evening Standard

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Green industrialist Dale Vince backs new North Sea drilling in surprise U-turn

GREEN energy tycoon Dale Vince has backed the approval of the controversial Jackdaw and Rosebank oil and gas fields ...

The National (Scotland)

Trump Energy Secretary Chris Wright Says Clean Energy Policies Are ‘At Least as Responsible’ for High Prices as Iran War—Touts Texas Oil Boom

President Donald Trump‘s Energy Secretary, Chris Wright, says former President Joe Biden-era Clean Energy policies also share some blame for the high fuel prices at the pump amid ongoing tensions with Iran.

Benzinga

Trump says 'no talks' taking place with Iran and claims Strait of Hormuz is 'open and operating'

The president had earlier posted an image of a map showing the Strait as a new US territory, appearing to restate his threat to claim sovereignty over the passage from last week.

Euronews

Global bond yields rise to multi-year highs as inflation and fiscal concerns intensify

Global bond yields surged on Tuesday, with US, Japanese and German government borrowing costs hitting multi-year or multi-decade highs. Rising oil prices, inflation concerns, tighter Japanese monetary policy expectations and mounting fiscal pressures added to the bond market selloff, raising concerns over higher borrowing costs worldwide.

The Economic Times

Global Market: European shares slip as rising oil prices, bond yields weigh on sentiment

European shares edged lower on Tuesday as rising crude prices and euro zone bond yields heightened inflation concerns. The STOXX 600 fell 0.2%, while energy stocks gained 0.6% as Brent crude rose to $91.41 a barrel. Germany’s 10-year Bund yield hit its highest level since 2011, while investors awaited the…

The Economic Times

Green energy tycoon Dale Vince backs new North Sea drilling months after claiming it would be a ‘betrayal’

The green energy boss previously said the new North Sea drilling would be a ‘betrayal’ if given the green light by the government

The Independent UK

Global Market: Emerging Asian currencies rise as softer dollar, rate-hike bets support sentiment

Asian currencies strengthened modestly as a weaker US dollar and fading expectations of a September Federal Reserve rate hike supported emerging markets. However, rising oil prices amid Middle East tensions capped gains. Indonesia remained in focus ahead of Bank Indonesia’s policy decision, while Asian equities weakened amid broader risk aversion…

The Economic Times

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The Economic Times

India's economic growth to slow to 6.8% in FY27 amid West Asia crisis, El Nino impact: Ind-Ra

India Ratings and Research has raised its FY27 GDP growth forecast to 6.8% from 6.7%, but expects growth to slow from 7.6% in FY26 amid inflation, rupee weakness and El Nino risks.

The Guardian - UK

Cooling UK labour market ‘questions need’ for Bank of England rate hikes; grocery inflation slows to two-year low – as it happened

Youth unemployment down to 16.2% but remains at high level; Brent crude climbs above $91 a barrel as US-Iran ceasefire ends

Fortune

The global ‘freedom of the seas’ is dying in the Strait of Hormuz—and everyone, everywhere, will pay the tolls

Iran forcing a fee structure in the Strait of Hormuz may trigger a global domino effect.

The National (Scotland)

UK Government to delay North Sea oil and gas decision over 'optics' concerns

ANDY Burnham is expected to delay the decision on two new North Sea oil and gas projects in Scotland due to concerns over the “optics” of…

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news in one place.

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The Guardian - UK

Oil prices jump after US-Iran ceasefire expires and Trump threatens Oman

Brent crude rises above $90 a barrel for the first time since 30 July after US president tells Tehran to surrender

The Economic Times

Say goodbye to sticky countertops: How a simple aluminum foil hack prevents messy oil spills when pouring into glass carafes

A simple aluminum foil funnel offers a practical solution for kitchen tasks. This disposable tool prevents messy spills when pouring liquids into narrow containers. Heavy-duty foil can be doubled and shaped into a sturdy cone for secure pouring. After use, the foil funnel can be recycled or discarded, eliminating cleanup…

The Economic Times

Rupee falls 7 paise to 95.68 against US dollar in early trade

In early trading, the rupee slipped by seven paise, settling at 95.68 against the US dollar. Factors such as soaring crude oil prices and heightened demand for dollars pressured the currency. Forex analysts noted that Brent crude's price hovering around USD 91 per barrel has led to a surge in…

The Economic Times

Indian bonds wobble on oil strain, RBI swap pullback

On Tuesday morning, Indian government bonds faced a downturn as oil prices spiked beyond ninety dollars. Concerns escalated after the central bank prematurely ended a diaspora deposit scheme, leading to uncertainty in the market. This pullback in liquidity support has rendered bonds susceptible to changes in oil prices and international…

The Independent UK

Iran-US war latest: Trump claims Strait of Hormuz is open with all mines removed after declaring it ‘new US territory’

Negotiations between the parties remain deadlocked as the waterway remains largely closed

The Economic Times

Global Market: Chinese, Hong Kong stocks slip as AI shares retreat; energy stocks gain

Chinese and Hong Kong stocks declined as investors booked profits in AI and technology shares, while energy stocks gained amid rising Middle East tensions and higher oil prices. Weakening economic indicators and concerns over domestic demand also weighed on sentiment, although robotics stocks bucked the broader market trend.

The Guardian - UK

Burnham is choosing jobs over climate security. That’s a big risk

The PM’s net zero pragmatism may please some voters, but as parts of the country go up in flames, it’s an increasingly hard sell, says Guardian columnist Gaby Hinsliff

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