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The Latest Breaking News from Oil

Crude Prices Higher as Iran Continues to Disrupt Vessel Traffic in Strait of Hormuz

September WTI crude oil (CLU26) on Friday closed up +1.15 (+1.42%), and September RBOB gasoline (RBU26) closed up +0.0561 (+1.79%). Crude oil saw support Friday after reports that Iran on Thursday night attacked two Abu Dhabi oil vessels transiting the Strait of Hormuz. Those attacks suggested that Iran intends to...

Barchart

Russia admits new petrol shortages amid ongoing long-range Ukrainian strikes

Ukraine has been targeting Russia's energy sites with drones and missiles for months, hoping to hit a vital source of revenue for the Russian army.

Euronews

There Is No End To The U.S.-Iran War In Sight. Just Two Ships Made It Through The Hormuz Strait On Friday.

Oil prices are increasing after the UAE accused Iran of targeting two other ships.

International Business Times

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Cotton Posting Gains Heading into the Weekend

Cotton futures are in rally back mode on Friday, with contracts 96 to 133 points higher across most months. Crude oil is trading 66 cents per barrel higher, with the US dollar index $0.335 lower. Export Sales data has 2025/26 accumulated export business at 11.977 million RB, which is 107%...

Barchart

Soybeans Holding Higher on Friday

Soybeans are trading with contracts 3 to 7 cents higher at midday. The cmdtyView national average Cash Bean price was up 5 1/4 cents at $11.45 1/2. Soymeal futures are up 1.30 at midday, with Soy Oil 30 to 38 points. There were 138 deliveries against August soybeans overnight, with...

Barchart

Iran says the Strait of Hormuz is shut down. The Trump administration says 9 million barrels a day are still getting out

“Hefty chunk of non-Iranian crude still getting out, unlike the Iranian crude that isn’t.”

Fortune

Crude Prices Higher on Continued Hormuz Tensions

September WTI crude oil (CLU26) is up +0.63 (+0.78%), and September RBOB gasoline (RBU26) is up +0.0316 (+1.01%). Crude oil saw some support overnight after reports that two Abu Dhabi oil vessels were attacked by Iran on Thursday night while moving through the Strait of Hormuz. However, oil prices are...

Barchart

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Stocks Pressured by Worries About US Economy

The S&P 500 Index ($SPX ) (SPY ) is down -0.05%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.15%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.06%. September E-mini S&P futures (ESU26 ) are down -0.11%, and September E-mini Nasdaq futures (NQU26...

Barchart

Russian drones kill woman, 9-year-old son at home as Ukrainian civilian casualties surge

Russian drones killed a mother and son in northern Ukraine on Friday. July saw the deadliest month for Ukrainian civilians since the invasion began. Russia plans harsher methods against Western military aid to Ukraine. Russian forces demolished an apartment block in Donetsk, killing one person. Ukraine continued long-range strikes against…

The Economic Times

Hormuz traffic slows further after US threatens more economic pressure on Iran

Transit through the Strait of Hormuz has nearly stopped after two ships were attacked. The United States stated it can maintain a naval blockade of Iran indefinitely. Iran has resumed attacks on ships it accuses of violating transit rules. The US plans to inflict unprecedented financial damage on Iran next…

The Economic Times

The UAE Says Iran Attacked Two Ships In The Hormuz Strait. Oil Is Edging Up.

Vice President JD Vance said that the Trump administration's new main goal in the war is keeping "oil and gas cheap for Americans all over our country."

International Business Times

2 UAE tankers attacked while transiting Strait of Hormuz

The United Arab Emirates accused Iran of conducting drone strikes on two oil tankers navigating the strategic Strait of Hormuz. Meanwhile, activists delivered crucial aid to Palestinians facing aggression from Israeli settlers in the West Bank. In a separate conflict, Yemen's military thwarted Houthi incursions, and a drone was successfully…

The Economic Times

Stocks See Support as Weak US Economic Reports Curb Fed Rate-Hike Expectations

The S&P 500 Index ($SPX ) (SPY ) is up +0.02%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.15%. September E-mini S&P futures (ESU26 ) are up +0.01%, and September E-mini Nasdaq futures (NQU26...

Barchart

BP to develop offshore gasfield in Venezuela with firms linked to Trump administration

Move will be one of first large-scale foreign investments in country since US ousted leader Nicolás Maduro in January

The Guardian - UK

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The Independent UK

Vance says keeping gas prices low ‘goal number one’ for Iran war

Vice President JD Vance moves to reassure voters that the Trump administration is working to resolve the conflict and bring down the cost of oil, which has spiked with the blockading of the Strait of Hormuz

The National (Scotland)

Andy Burnham breaks silence on climate change as wildfires leave homes 'gutted'

ANDY Burnham has “remained silent” on climate change despite wildfires causing havoc across the UK, green campaigners have blasted.

Barchart

Cotton Bulls Push Back on Friday Morning

Cotton futures posted modest losses of 41 to 90 points across most contracts on Thursday. Crude oil was down $2.06 per barrel, with the US dollar index $0.054 lower. Export Sales showed a total of 778,939 RB carried over from the 2025/26 marketing year in the week of 8/6, with...

The Conversation

How Imperial Japan turned to the sardine to help build a war machine

Empires have risen and fallen in their pursuit of precious resources such as oil, gold, tea or spices. But in the first half of the 20th century, an increasingly assertive Imperial Japan relied on a fishier form of wealth to build its military and industrial base: the sardine.

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International Business Times

Vice President JD Vance Says The Administration Has a New Primary Goal In The Iran War

Vance said the main goal is "keeping oil and gas cheap for Americans all over our country." The second one is preventing Iran from getting a nuclear weapon.

Euronews

Lobster dresses and unmade beds: The best exhibitions to see in Europe

From riveting retrospectives to perspective-shifting showcases, 2026 has already spoilt us with an incredible selection of exhibitions. Here's a round-up of the best ongoing ones to catch across Europe.

The Economic Times

India bonds end week flat, but demand for long notes firms

Indian government bonds traded within a narrow range this past week. Fading inflation and rate-hike concerns left traders seeking market direction. Buyers entered long bonds as the yield curve steepened, attracting value. Rising oil prices exerted some pressure, but liquidity and softer inflation eased worries. Expectations now suggest neither the…

The Economic Times

Forex reserves up by $14.1 billion to $707 billion

India's foreign exchange reserves saw a jump of over fourteen billion dollars. Foreign currency assets and gold reserves contributed substantially to this overall increase. The Indian Rupee also appreciated slightly against the US dollar on Friday. Forex traders noted pressure on the rupee due to fund outflows and oil prices.…

Homes & Gardens

5 Herbs That Thrive on Neglect – For Easy, Delicious Harvests With Almost No Effort

Drought, poor soil, and even a lack of pruning don’t faze these herbs

International Business Times

Inflation Eased Again in July. But The Middle East Energy Shock Is Putting The Relief at Risk.

The Consumer Price Index rose just 0.1% in July after declining 0.4% in June, and annual inflation eased to 3.4% from 3.5% the previous month. PPI prices were also below expectations.

Fortune

Current price of oil as of Aug. 14, 2026

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

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