Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

The Latest Breaking News from Oil

Oil prices jump on renewed US-Iran hostilities

Oil prices surged Friday amid renewed U.S.-Iran clashes, jeopardizing a fragile ceasefire and dimming hopes for reopening the vital Strait of Hormuz. Brent crude and WTI futures climbed significantly, reversing earlier declines. This escalation follows Iran's accusations of U.S. violations and U.S. claims of retaliatory strikes, despite President Trump stating…

The Economic Times

Trump news at a glance: US and Iran exchange fire, which president calls ‘love tap’

Skirmishes threw into question the viability of shaky ceasefire that had largely held for previous month – key US politics stories from 7 May at a glance

The Guardian - US

Trump claims doubled gas prices are ‘way down’ as his transport chief tells Americans to take road trips

Sean Duffy boasted that oil prices had dipped below $100 a barrel after Trump’s war in Iran caused the cost of gas to more than double

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Global Market Today: Asian stocks drop, oil climbs on Iran tensions

Asian stocks retreated from record highs as Middle East tensions escalated, impacting crude oil prices and reviving concerns over energy supplies. US forces responded to Iranian attacks in the Strait of Hormuz, while President Trump issued a stern warning. Despite volatility, investors remain focused on de-escalation efforts and the AI…

The Economic Times

Gas and coal have long tied Japan to Australia. It’s time for a new climate and green industry partnership

There was much warmth on display at the official leaders’ meeting between Australia and Japan on Monday. Australian Prime Minister Anthony Albanese gave his Japanese counterpart Senae Takaichi an AC/DC drum skin signed by the band members, while receiving new vinyl records for his DJ collection. Both leaders famously love…

The Conversation

Soybeans Recover Late on Thursday to Close with Marginal Losses

Soybeans bounced off the early session lows on Thursday, with contract closing fractionally to 2 ½ cents lower. The cmdtyView national average Cash Bean price was down 2 1/4 cents at $11.24 1/4. Soymeal futures were up $1.60 in the front months to 40 cents lower, with Soy Oil futures...

Barchart

Cotton Pulls Back on Thursday

Cotton futures closed the Thursday session with contracts down 22 to 110 points. The US dollar index was $0.275 higher at $98.150. Despite early talk of easing tensions this week, crude oil finished the day with $2.52 gains as reports of explosions were noted in Iran late in the day....

Barchart

Read news from The Economist, FT, and more,
with one subscription

Stocks Fall on Doubts About an Imminent US-Iran Peace Deal

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -0.38%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.63%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.12%. June E-mini S&P futures (ESM26 ) fell -0.42%, and June E-mini Nasdaq futures...

Barchart

Hoping a possible peace deal will quickly bring down gas prices? It might take up to a year

Trump’s war in Iran has seen average gas prices rocket from $3 before the conflict to $4.54 per gallon

The Independent UK

Iran wants oil tariffs paid in Chinese yuan – is the power of the US petrodollar in decline?

After weeks of blockades by Iran and the United States in the Strait of Hormuz, it’s clear the narrow waterway is now pivotal to the outcome of the conflict.

The Conversation

US stocks today: US market ends lower as semiconductor stocks reverse earlier gains

The S&P 500 closed lower as chip stocks like Intel and Arm Holdings retreated, while U.S.-Iran peace talk uncertainty impacted the broader market. Despite a strong quarter driven by AI and tech rallies, concerns over chip supply and geopolitical tensions tempered investor sentiment. Oil prices edged down, though Nvidia and…

The Economic Times

Woman Asked Shop For Just An Oil Filter. Then A Veteran Mechanic Steps In: 'You Gotta Watch Out'

A woman asked a mechanic to change the oil filter without oil, and the mechanic was suspicious of the request.

Motor1

Crude Oil Recovers as US May Restart Operations to Reopen the Strait of Hormuz

June WTI crude oil (CLM26 ) on Thursday closed down -0.27 (-0.28%), and June RBOB gasoline (RBM26 ) closed down -0.0033 (-0.10%). Crude oil and gasoline prices closed lower on Thursday on optimism that a US-Iran peace deal is imminent. The markets await further updates after the US presented a...

Barchart

Oil prices continue to fall as optimism around Iran deal grows

Financial markets are buoyed by Iran's announcement that it is reviewing the latest U.S. proposals

The Independent UK

Get all your
news in one place.

100's of premium titles.
One news app.

International Business Times

DOJ Investigates $2.6 Billion In Oil Trades Linked to Iran Conflict Timing: Report

The Department of Justice and the Commodity Futures Trading Commission are reviewing whether the timing of the trades reflects unusual market behavior or potential misuse of nonpublic information.

The Guardian - UK

US and Iran close to temporary truce, Pakistani officials claim

Latest briefings float hope of basic deal that would keep peace and free shipping while further negotiations continue

The Conversation

Iran war has shown the limits of US power

In his 1873 book On War, the great Prussian military strategist Carl von Clausewitz wrote that: “War is the realm of uncertainty.” He would have been at home in Washington this week where Clausewitz’s “fog of war” appears to have descended on the White House, at times obscuring reality.

Barchart

Grain Market Update: Are Iran Ceasefire Rumors Creating a Commodity Trap

Darin Newsom suggests that recent commodity market declines are driven by speculative liquidation and false headlines regarding a ceasefire in Iran, though he anticipates a rally next week fueled by renewed geopolitical tensions and optimism surrounding the upcoming China Summit.

Get all your
news in one place.

100's of premium titles.
One news app.

Reason

Why Oil-Rich Alberta May Secede From Canada

Economic grievances and political alienation are fueling a separatist movement in the Canadian province just north of Montana.

Barchart

Cotton Falling on Thursday

Cotton price action is down 100 to 120 points so far on Thursday. The US dollar index is $0.010 lower at $97.865. Crude oil is back up 62 cents at midday. USDA’s Export Sales report from Thursday morning showed 123,349 RB of cotton sold for 2025/26 in the week of...

The Guardian - UK

Royal Navy tracks Russian frigate for one month off UK coast

Moscow steps up maritime presence in North Sea after UK threats to seize shadow fleet oil tankers

The Independent UK

DOJ investigating $2.6 billion worth of oil bets placed just before Trump’s Iran war announcements, report says

Minutes before Donald Trump said he would delay an attack on Iran in March, traders bet more than $500 million oil prices would fall

The Guardian - UK

Trump shelved ‘Project Freedom’ after Saudis refused use of bases and airspace

Riyadh told White House it would deny access for operation to provide tankers military escort through strait of Hormuz

Evening Standard

Blue chips falter amid wait for Middle East deal

The oil price fell back amid continued hopes for a peace deal between the US and Iran.

The Guardian - UK

BP plans to sell shares in flagship carbon projects as it pulls back from green agenda

Oil firm seeks to reduce stake in carbon capture and storage projects in north-east of England after schemes fail to win over shareholders

1 … 72 73 74 75

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

Read news from The Economist, FT, and more,
with one subscription

Topics

Dow Jones Industrial Average

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.