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The Latest Breaking News from Oil

Soybeans Post Late Session Gains on Tuesday

Soybeans found late session strength to post 2 to 9 ¾ cent gains, as nearby July was up 14 ½ cents. The cmdtyView national average Cash Bean price was up 10 1/4 cents at $11.46. Soymeal futures were $2.30 to $3.40 higher across most contracts, with Soy Oil futures 32...

Barchart

Cotton Extends Rally to Tuesday, Nearing Limit Gains

Cotton futures closed with contracts 99 to 299 points higher, with some contracts hitting the three cent limit at the high. The outside markets were mixed, as Crude oil was up $3.65 following Iran striking vessels in the Strait of Hormuz overnight. The US responded by revoking waivers authorizing Iran...

Barchart

US launches new strikes against Iran hours after revoking oil license

The military operations came hours after three tankers were reportedly struck by projectiles on Tuesday in the Strait of Hormuz

The Independent UK

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Stock Indexes Fall as Chip Stocks Sink and Crude Soars

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -0.45%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.25%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.77%. September E-mini S&P futures (ESU26 ) fell -0.52%, and September E-mini Nasdaq futures...

Barchart

Stocks Drop As Chipmakers Fall Again; Oil Climbs With Renewed Tensions At The Hormuz Strait

Stocks dropped on Tuesday as chipmakers tumbled again. Oil climbed following renewed tensions between the U.S. and Iran, with the former revoking a sanctions waiver following Tehran's attacks against ships crossing through the Strait of Hormuz.

International Business Times

U.S. Revokes Iran Oil Sanctions Waiver After Tanker Attacks, Now Pressure Escalates on Tehran

The move follows a series of attacks on commercial tankers in and around the Strait of Hormuz that U.S. officials blamed on Iran, marking a sharp reversal in Washington's approach toward the Islamic Republic.

International Business Times

Dollar Edges Up on Weak Stocks and Crude Oil Strength

The dollar index (DXY00 ) rose by +0.24% on Tuesday. The dollar rose on Tuesday amid weakness in stocks, boosting liquidity demand for the currency. Also, higher crude oil prices on Tuesday pushed up inflation expectations and could persuade the Fed to keep monetary policy tight, a supportive factor for...

Barchart

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Crude Oil Prices Sharply Higher on Supply Disruptions

August WTI crude oil (CLQ26 ) on Tuesday closed up +1.89 (+2.76%), and August RBOB gasoline (RBQ26 ) closed down -0.0494 (-1.64%). Crude oil and gasoline prices settled mixed on Tuesday. Crude oil prices jumped following attacks on shipping in and around the Strait of Hormuz. Gasoline prices retreated on...

Barchart

Power shift: Australia could cut fossil fuel shocks

Investing in two renewable energy sources could help boost Australia's fuel security, a study has found, but drilling for oil is no solution.

AAP

Cotton Extending the Rally to Tuesday

Cotton futures are up 138 to 245 points so far on Tuesday. The outside markets are mixed, as Crude oil is up $1.87, with the US dollar index up $0.155. Monday afternoon’s Crop Progress showed 49% of the US cotton crop squared as of Sunday, 2% ahead of normal. The...

Barchart

London stocks mixed amid weak tech but FTSE 100 edges up

The FTSE 100 closed up 14.11 points, 0.1%, at 10,665.88.

Evening Standard

Bulletin world briefing: Trump renews Greenland takeover bid and Monaco suspect ‘shot dead’

Trump renews Greenland takeover bid at Nato summit and tears into European allies Monaco bombing suspect ‘shot dead in Ukraine’ as two people are arrested Marine Le Pen could now run in France’s 2027 presidential election Three oil tankers hit in latest attacks in Strait of Hormuz Jewelry worth millions…

The Independent UK

Wall Street suffers major losses as AI stocks tumble and oil prices jump

The market's unease originated in Asia, where South Korean tech giant Samsung Electronics saw its shares tumble 6.9% in Seoul

The Independent UK

Crude Oil Prices Jump as Ships Attacked in the Strait of Hormuz

August WTI crude oil (CLQ26 ) today is up +1.73 (+2.52%), and August RBOB gasoline (RBQ26 ) is down -0.0312 (-1.04%). Crude oil and gasoline prices are mixed today. Crude oil prices jumped following attacks on shipping in and around the Strait of Hormuz. Gasoline prices are sliding today as...

Barchart

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Euronews

Morocco multiplies its olive oil sales to Spain 100-fold: is it taking over the market?

Imports of Moroccan olive oil have surged 9,979% in a year, according to DataComex. The figure is real but starts from just 103 tonnes and its share in Spain remains small.

Barchart

Stock Indexes Falter as Chip Stocks Tumble

The S&P 500 Index ($SPX ) (SPY ) today is down -0.67%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.38%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -2.14%. September E-mini S&P futures (ESU26 ) are down -0.68%, and September E-mini Nasdaq futures...

The Guardian - UK

Catnip lotion as effective as Deet at repelling mosquitoes, study finds

Researchers testing a cheap, homegrown oil in Uganda found what cats knew all along – it worked as well as the artificial chemical used globally

The Guardian - AU

Recession off the cards but Australia faces dreary outlook, economists say

De-escalation of war in the Middle East has lowered oil prices and eased fears of economic downturn but households are still feeling the pinch

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Medical Daily

Fish Oil Supplements Do Not Improve Memory or Brain Health, a Two-Year Study Found

A 2026 two-year study confirmed fish oil supplements reached the brain — and still found no meaningful improvement in memory or cognition. Here's what the evidence now shows.

The Conversation

South Sudan at 15: how the political elite have found a way to profit from peace as well as war

South Sudan’s independence from Sudan in 2011 was meant to close the chapter on one of Africa’s longest civil wars: the north-south war that preceded it. Formally, it did. But independence did not end the deeper struggles over power, revenue and coercion inside the newly independent state.

Barchart

Stock Indexes Fall as Chipmakers Retreat

The S&P 500 Index ($SPX ) (SPY ) today is down -0.19%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.43%. September E-mini S&P futures (ESU26 ) are down -0.25%, and September E-mini Nasdaq futures...

International Business Times

Ukraine Hit Russia's Largest Refinery. Zelensky Warns Putin That There Is More to Come

Ukraine managed to hit Russia's largest oil refinery, which also appears to be one of the country's deepest strikes inside the country.

Fortune

Current price of oil as of July 7, 2026

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

Bored Panda

99 Car Mechanics Share The Times They Were Left Shaking Their Heads In Disbelief (New Pics)

Car mechanics are part of society’s lifeblood. They ensure that the vehicles we drive are roadworthy at all times, and they come to our rescue when we encounter trouble. What we don’t see is what they deal with regularly. Thankfully, we have the Just Rolled Into the Shop subreddit to…

The National (Scotland)

SNP MSP breaks with Scottish Government on Jackdaw and Rosebank oil fields

AN SNP MSP has broken with his party, calling for the Jackdaw and Rosebank oil fields to be approved by the UK Government ...

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