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The Latest Breaking News from Oil

Trump threatens to 'bomb' Oman if they get in way of Hormuz deal

US President Donald Trump has threatened military action against Oman if it interferes with the US blockade of Iranian ships in the Strait of Hormuz, Fox News reported. Trump said the blockade was putting pressure on Iran but gave no timeline for resolving the conflict, as talks remain stalled.

The Economic Times

India set for record soyoil imports as Russia-Ukraine war disrupts sunflower shipments

India's soyoil imports are expected to reach a record 620,000 metric tons in August, about 46% above the current marketing year's monthly average, as competitive prices and disruptions to sunflower oil shipments from the Black Sea encourage refiners to increase soyoil purchases ahead of festive demand, traders said.

The Economic Times

Will Andy Burnham allow North Sea oil and gas drilling as Rosebank decision looms?

Andy Burnham has previously said he will be ‘pragmatic’ about North Sea oil

The Independent UK

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Robert Smith, Thom Yorke and Brian Eno among names to sign anti-Rosebank letter

IN FULL

The Independent UK

Bitcoin hovers near $63K ahead of Fed rate decision as investors assess liquidity outlook

Bitcoin hovered near $63,000 as investors awaited Federal Reserve guidance, with weak ETF flows, geopolitical tensions and elevated oil prices pressuring risk appetite. Analysts highlighted $62,300 support and $63,300-$64,000 resistance, while Ethereum and major altcoins showed mixed performance amid broader consolidation.

The Economic Times

A tale of two Dan Sullivans: Republicans with same name contest Alaska primary

Democrat Mary Peltola, who won the red state’s House seat twice, is also running to unseat the incumbent senator

The Guardian - US

Current price of oil as of Aug. 17, 2026

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

Fortune

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Eno challenges PM to make the ‘right decision’ and reject Rosebank oil plans

Brian Eno is one of over 200 musicians who have signed an open letter speaking out against plans to develop the Rosebank oil field in the North Sea.

Evening Standard

Open letter signed by 211 musicians asks Burnham to reject the Rosebank oil field

Robert Smith, Thom Yorke and Brian Eno are among the artists who are opposing plans to develop the Rosebank oil field in the North Sea

The Independent UK

Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 23%

There are currently too many variables that can move the markets in either direction. Oil prices may have settled into a range for now, but there is still no clarity on how the Gulf situation will develop. If uncertainty continues, oil prices may remain elevated. In such a scenario, it…

The Economic Times

How to clean tarnished copper using a simple bottle of ketchup kept on your kitchen shelf? Experts explain the science behind preventing oxidation for good

Copper tarnish results from a natural chemical reaction with its environment. The acid found in ordinary tomato ketchup effectively removes this tarnish. Always test a small, hidden spot before cleaning your copper items. After applying and gently polishing, rinse and dry the copper thoroughly. Sealing with oil or wax helps…

The Economic Times

Iran-US war latest: Ship attacked in Strait of Hormuz as Trump casts doubt over peace deal

Iran said it reached an agreement with Oman over a plan for ships to transit the Strait of Hormuz

The Independent UK

RBI's heavy FX footprint revives memories of a tightly managed rupee

The Reserve Bank of India has stepped in, providing crucial support for the rupee amidst global economic uncertainties. State-run banks are actively engaging in dollar sales to ensure currency stability, reminiscent of a time when central bank measures were more decisive. Despite fluctuating oil prices, the rupee remains largely stable,…

The Economic Times

Asian shares are mostly higher while US futures and oil prices hold steady

Shares are mostly higher in Asia after U.S. stocks edged back from their all-time high following a weaker than expected report on the U.S. economy

The Independent UK

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Evening Standard

Rosebank consultation closes in ‘major step’ ahead of UK Government decision

Developers Adura argue the development would have ‘real economic benefits’ but environmentalists fear the impact of extracting more fossil fuels.

The Economic Times

Global Market: Japan stocks edge lower after GDP growth misses forecasts

Japanese equities traded mostly lower as weaker-than-expected economic growth and elevated oil prices weighed on investor sentiment. Concerns over Middle East tensions, inflation and rising bond yields added to the pressure, while a weak market breadth reflected cautious investor sentiment. The Nikkei 225 and Topix both declined in early trading.

The Independent UK

Ukraine takes aim at Russia’s economy and morale by attacking online retailer

Day after day over recent weeks, Ukrainian drones have pummeled giant depots belonging to Wildberries, the country’s biggest online retailer, burning estimated billions of dollars’ worth of merchandise and bringing the war home to the broad public

The Economic Times

Why did stock market fall today? Sensex slides 281 pts, Nifty closes below 24,300. 5 factors behind the decline

Indian stock indices extended losses on Monday, with Sensex and Nifty declining. Broader markets bucked the trend, closing higher as crude oil prices gained. IT stocks experienced significant declines ahead of the Fed's meeting minutes.

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The Economic Times

US Stock Market: Fed uncertainty, oil prices in focus as earnings sustain market optimism

Investors enter the week focused on interest rates, inflation and geopolitical risks, while strong corporate earnings support equities. The Federal Reserve’s Jackson Hole symposium and AI infrastructure spending remain key market catalysts. Robust earnings, positive guidance and Big Tech investment could offset macroeconomic concerns, though higher oil prices remain a…

The National (Scotland)

Primal Scream among musicians calling on Andy Burnham to reject Rosebank

MORE than 200 musicians including Primal Scream's Bobby Gillespie are urging Andy Burnham to reject the Rosebank oil field.

The Economic Times

Picture perfect quarter? Nifty profit growth hits a 10-quarter high, but 5 stocks do the heavy lifting

Nifty firms have recorded their most impressive profit growth in a decade, boasting significant contributions from five leading companies, ONGC and Reliance among them, which accounted for sixty percent of this spike. Key sectors like metals and oil have made remarkable profit recoveries during this time, and broader market segments,…

The Economic Times

Oil Price Today (August 17): Crude oil approaches $90 again amid no breakthrough in Iran war talks. What’s next?

Over the weekend, Iranian Foreign Minister Abbas Araqchi said Iran had not decided to resume talks with the U.S. Meanwhile, U.S. President Donald Trump called on Americans to accept slightly higher gasoline prices while the conflict continues.

The Economic Times

Global Market Today: Asian shares mixed, dollar dips as Fed hike bets ease

The dollar experienced a decline following disappointing US economic indicators, leading to less anticipation for interest rate hikes. Treasury yields dropped universally as retail sales saw a significant downturn. Meanwhile, oil prices reversed their upward trend as traders sought new market signals. In Asia, stock markets showed little variation amid…

The Economic Times

Strait of Hormuz shipping slows sharply after tanker attacks

Shipping through the Strait of Hormuz slowed significantly over the weekend. This decline followed attacks on tankers and stalled United States-Iran conflict resolution talks. Commodity vessel transits dropped sharply, with very few ships registered for Sunday. Shipping appeared to grind to a near standstill after UAE reported tanker attacks last…

The Economic Times

D-St set for a negative opening as GIFT Nifty signals weak start

Indian equity markets closed lower on Friday, August 14, as investors awaited clarity. The Nifty50 and Sensex experienced slight declines, ending the trading session down. Investors will closely monitor crude oil prices and global economic data for future direction. Foreign portfolio investors and domestic institutional investors were net buyers of…

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