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The Latest Breaking News from Oil

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

The Guardian - UK

Max Rocha’s recipes for confit trout salad and grilled courgette with apricot, stracciatella and roasted almonds

Two Café Cecilia stalwarts that are just the thing for the summer heat

The Guardian - UK

Global Market: Japan stocks slide as oil spike and rising bond yields weigh on sentiment

Japan’s Nikkei fell 1.1%, ending its five-session rally as Middle East tensions disrupted oil supplies and revived inflation concerns. Rising crude prices and bond yields pressured equities, while shipping stocks gained on expectations of higher freight rates. Technology shares were mixed as investors assessed geopolitical risks, valuations and corporate earnings…

The Economic Times

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Asia shares decline as worries about rising oil prices outweigh perks from strong earnings

Asian shares are declining, as rising oil prices and worries about inflation work as a dampener on some markets

The Independent UK

Oil Price Today (August 18): Crude oil crosses $91/barrel amid fading US-Iran peace hopes. What lies ahead?

Crude oil prices surged past $91 per barrel on Tuesday, August 18, as peace talks between the US and Iran stalled. With shipping disruptions persisting in the Strait of Hormuz, global brokerages like Goldman Sachs and JPMorgan warn Brent crude could scale between $114 and $120 a barrel if supply…

The Economic Times

UAE Secures Global Energy Lifeline Through Strategic Logistics and Infrastructure

In times of heightened volatility in global energy markets, the importance of producing countries is not measured solely by the number of barrels they can extract, but by their logistical capacity to deliver those commodities to buyers when traditional routes face severe bottlenecks.

inkl

US to announce steps to help refiners produce more fuel, energy chief Wright says

US Energy Secretary Chris Wright announced steps to increase refinery fuel output soon. High gasoline prices are a concern for President Donald Trump's party. Refineries are running at record rates while Middle East facilities are turned down. Wright stated increasing output is key to lowering gasoline prices. He added that…

The Economic Times

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Dollar feeble as rate hike bets dwindle, Iran war worries grow

The U.S. dollar weakened against major currencies as traders scaled back tightening expectations. Soft economic data, including retail sales and job losses, influenced these shifts. Traders now see a lower chance of a Federal Reserve rate hike in September. Elevated oil prices and geopolitical tensions in the Middle East are…

The Economic Times

Trump Rejects Iran Ceasefire Extension as Tehran Threatens ‘Fully Offensive’ Posture: Brent Trades At $91

President Donald Trump rejected extending a temporary Iran ceasefire as Tehran threatened to adopt a more aggressive military stance, raising fresh concerns about the Strait of Hormuz, global oil supplies and financial markets.

Benzinga

Oil climbs as fading US-Iran peace hopes raise supply risks

Oil prices climbed as Middle East war peace talks stalled significantly. Iran announced a shift to a fully offensive military posture. The United States ruled out extending a temporary ceasefire agreement. Shipping through the Strait of Hormuz has drastically decreased following recent attacks. This situation heightens worries about global energy…

The Economic Times

6 Plant-Based Omega-3 Sources That Actually Work in Indian Kitchens for Vegan Nutrition

Flaxseed (Alsi)One tablespoon of ground flaxseed delivers about 2.35 grams of ALA (alpha-linolenic acid), the plant form of omega-3. A 2019 review published in Nutrients confirmed that regular flaxseed consumption raises ALA levels in the blood, though conversion to the longer-chain EPA and DHA remains limited. The critical word is…

Times Life

Iran threatens to go on offensive in Strait of Hormuz if diplomacy with US fails

Iran will adopt an offensive military stance as peace negotiations with the United States have stalled. The memorandum of understanding signed in June has quickly unraveled over control of the Strait of Hormuz. President Trump has ruled out extending the temporary ceasefire agreement between the two nations. Iran has warned…

The Economic Times

Global Market Today: Asian shares advance; oil rises on Middle East concerns

As peace prospects in the Middle East worsen, oil prices surged, reigniting fears about supply disruptions. Concurrently, US Treasury yields climbed to their highest levels in years, revealing investor anxiety over increased government expenditure. Asian markets showed positive movement, particularly in the tech sector, as chipmakers benefited from growing AI…

The Economic Times

D-Street braces for weak opening on negative GIFT Nifty cues

Domestic equities opened the week lower, with the Nifty closing down at 24,287 points. Analysts anticipate range-bound trading as focus shifts to global macro and geopolitical developments. The Strait of Hormuz and crude oil prices are key near-term drivers, raising price risks. Investors will also monitor US Federal Reserve meeting…

The Economic Times

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Medical Daily

Their Lung Scans Pointed to Cancer but the Real Culprit Was in the Bathroom Cabinet

Eight patients had lung masses suspicious for cancer. Half traced back to oily nasal products, and several reached the operating room first.

The Independent UK

Lula calls oil near the Amazon River a passport to Brazil's future after Petrobras strikes new find

Brazil’s President Lula da Silva says oil drilling in northern coastal regions could be a "passport to the country’s future."

International Business Times UK

Trump's Oil Reserve Releases Push US Stockpile to Its Lowest Point in Over Four Decades

The US Strategic Petroleum Reserve has dropped to its lowest level since 1982 due to emergency drawdowns aimed at mitigating global supply disruptions caused by tensions with Iran.

Barchart

Cotton Closes with Monday Gains, as USDA Cuts Conditions Ratings

Cotton futures are posted higher trade to close out Monday, with contracts up 16 to 68 points across the board. Crude oil was $2.55 higher, with the US dollar index $0.094 lower. Weekly Crop Progress data showed 74% of the US cotton setting bolls as of Sunday, with 14% of...

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Barchart

Soybeans Rally on Monday, with Condition Ratings Slipping

Soybeans saw gains of 12 to 23 ½ cents across the board on Monday. The cmdtyView national average Cash Bean price was up 24 1/4 cents at $11.75 1/4. Soymeal futures closed with contracts $1.10 to $2.40 higher, as Soy Oil rallied 130 to 202 points. Weekly Crop Progress data...

The Independent UK

Putin could face new Russian revolution, ex-minister warned

The economist’s claims come as Ukraine has repeatedly attacked Russia’s oil refineries and largest retailer Wildberries this summer

Barchart

Stocks Settle Lower on Rising Crude Prices and Higher Bond Yields

The S&P 500 Index ($SPX ) (SPY ) closed down by -0.52% on Monday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down by -0.51%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down by -0.17%. E-mini S&P futures (ESU26 ) fell -0.48%, and September E-mini...

The Economic Times

US stocks: US market slips as oil prices rise, retail results awaited

As investors braced for retail earnings reports, major stock indexes fell, signaling caution in the market. Oil prices surged, driven by concerns over Iran alongside global supply uncertainties. Recent economic data from July amplified the cautious atmosphere, as Home Depot and Walmart's earnings loom ahead, promising key insights into consumer…

Barchart

Reduced Fed Rate Hike Expectations Undercut the Dollar

The dollar index (DXY00 ) fell to a 2.25-month low on Monday and finished down -0.04%. The dollar extended last week’s losses on Monday after a raft of weaker-than-expected US economic news dialed back expectations of tighter Fed policy. The chance of a Fed rate hike next month has dropped...

The Economic Times

Gold appears set for a rebound as it regains safe-haven appeal after US-Iran war selloff

Gold has recovered nine percent, signaling renewed investor and central bank interest. The precious metal is now positioned for further gains after market shocks. Lower oil prices and softer inflation data support gold's upward trajectory. Institutional demand and rebuilding of positions are likely driving this trend. However, stalled peace efforts…

Barchart

Crude Prices Jump as US-Iran War at a Standstill

September WTI crude oil (CLU26) closed up +2.10 (+2.55%) on Monday, and September RBOB gasoline (RBU26) closed up +0.0860 (+2.70%). Crude oil and gasoline prices rallied to 3-week highs on Monday and settled sharply higher. Concerns that the US-Iran war will remain unresolved and keep Middle East oil supplies limited...

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