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The Latest Breaking News from Oil

Oil finds its way: Supertankers return to Persian Gulf

Supertankers are once again navigating the Strait of Hormuz, a crucial oil route, following a period of disruption due to recent Iran conflict. Shipping data indicates a significant increase in commodity vessel traffic, including oil tankers, signalling renewed confidence among shipowners. This return of large carriers, with a combined capacity…

The Economic Times

India 10-year bond set for best month in 7 years on oil slide, foreign demand

Indian government bonds surged Tuesday, with the benchmark 10-year yield on track for its largest monthly drop in seven years. This rally is fueled by declining oil prices and a significant increase in foreign investment, particularly in Fully Accessible Route bonds. Measures by the Reserve Bank of India and tax…

The Economic Times

Iran-US war latest: Vance says US in ‘great position’ even if talks fail in Qatar

Jared Kushner and Steve Witkoff will discuss the state of negotiations with mediators

The Independent UK

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Pistachio tiramisu and lasagne with a twist: Three recipes from Soho’s favourite Italian

For 15 years, Nima Safaei has quietly run some of Soho’s best-loved Italian tables – and kept the recipes to himself. Now the restaurateur’s debut cookbook lets them out. Hannah Twiggs gets a sneak peek – on doing less, hosting well and where to start

The Independent UK

Sri Lanka reduces fuel prices after Middle East ceasefire

Sri Lanka on Tuesday cut fuel prices by up to six percent, the first such move since the Middle East war triggered a surge in energy prices in the import-dependent nation. Sri Lanka, which buys in all of its oil and also relies on imported coal for power generation, has…

The Economic Times

Asian shares mostly higher tracking Wall Street gains and oil stabilizes

Asian shares are mostly higher tracking Wall Street gains, with South Korea's stock market, rebounding after earlier sharp losses on a tech sell-off

The Independent UK

Asia's crude oil imports tick up in June but uncertainty reigns

Asia's crude oil imports saw a slight June uptick but remain near decade lows, impacted by the Iran conflict disrupting Middle East shipments. Despite a modest recovery, volumes are significantly down from pre-war levels, with the Strait of Hormuz's uncertain future and China's reduced buying adding to market volatility. Refined…

The Economic Times

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Trump urges gasoline retailers to lower prices, warns of 'big problems' if they don't

President Trump has demanded gasoline retailers immediately lower prices, targeting around $2.50 per gallon, and warned of "big problems" if they fail to comply. He previously instructed the Justice Department to investigate oil companies for alleged "gouging" amid fluctuating crude costs. Consumers are feeling the pinch, with the issue becoming…

The Economic Times

Surprisingly quick oil price retreat eases urgency for European Central Bank to act, sources say

European Central Bank policymakers are less pressured to raise interest rates next month due to a swift drop in oil prices. While a hike is still probable later, possibly in September, the ECB awaits June inflation data. Falling energy costs and moderating price expectations suggest a delayed but firm approach…

The Economic Times

Ukraine-Russia war latest: Putin ordered army to plan new ways to capture Kyiv, says Ukrainian military chief

Putin evaluating scenarios of invading Kyiv from Belarus and Bryansk as he eyes Ukrainian capital once again

The Independent UK

Electric, hybrid and the road ahead: Mercedes-Benz CEO on the future of driving

“The future is fully electric,”the president and CEO of Mercedes-Benz (Thailand), Christian Schell , declared, expressing his confidence in the automobile's future path. This was emphasized in the first half of 2026 by the oil crisis , when people turned to buying electric vehicles (EVs) in fear of fuel shortages…

Bangkok Post

India's next stock market headache isn't oil but a bigger storm brewing in the skies

India's stock market faces a new challenge as a severe "Super El Niño" threatens the monsoon, impacting 56% of GDP tied to consumption. This follows a decade-low monsoon start, with rainfall deficits exceeding previous El Niño years. Analysts warn of domestic demand destruction, range-bound markets, and downgrades in consumer sectors,…

The Economic Times

Oil Price Today (June 30): Brent crude falls to $72/barrel as investors await US-Iran talks

Brent crude futures dropped around 1% to $72.50 a barrel while US West Texas ‌Intermediate (WTI) crude futures ⁠fell around 0.7% to $70.28 per barrel, as seen at 7.20 am on Monday. Brent crude fell nearly 11% last week to mark its third week of loss after crude shipments through…

The Economic Times

Oil falls as investors focus on potential Iran-US talks in Doha

Oil prices dipped as markets keenly watched potential U.S.-Iran talks in Doha, following recent missile exchanges that tested a fragile ceasefire. While investors express cautious optimism for de-escalation and a return to normal shipping through the Strait of Hormuz, uncertainty lingers. Middle Eastern producers are actively loading oil and LNG,…

The Economic Times

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The Economic Times

US and Iran negotiators head to Doha, but meeting uncertain

Doha is set to host crucial talks between Iran and the U.S. this week, though Tehran denies any scheduled meetings with American officials. Weekend missile exchanges tested a fragile ceasefire, disrupting global oil flows. The U.S. delegation, led by Jared Kushner, aims to address the conflict, while Iran insists on…

Bangkok Post

Biofuel initiative gains government backing

Energy Minister Akanat Promphan has announced stronger government backing for biofuels in a bid to reduce the country's heavy reliance on imported oil, which currently makes up 90% of total consumption.

Barchart

Soybeans Fall on Monday, as USDA Trims Ratings

Soybeans rounded out Monday trade with contracts 10 ¼ to 17 ½ cents in the red. Tuesday is first notice day for July futures. The cmdtyView national average Cash Bean price was down 16 1/2 cents at $10.63. Soymeal futures were down 40 cents to $2.30, with Soy Oil futures...

Barchart

Cotton Posts Gains on Monday, as NASS Slashes Crop Ratings

Cotton futures were 6 to 34 points higher, across most contracts on Monday. Crude oil was up $1.19/bbl to $70.42. The US dollar index was down $0.247 at $100.880. Monday afternoon’s Crop Progress showed 97% of the US cotton crop planted as of Sunday, matching the average pace, with 37%...

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Barchart

Stock Indexes Finish Sharply Higher as Tech Soars

The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +1.18%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.59%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +2.25%. September E-mini S&P futures (ESU26 ) rose +1.20%, and September E-mini Nasdaq futures...

The Times of India

'No negotiation at any level': Iran refutes Donald Trump's claim of planned US talks in Doha

Iran has denied any upcoming negotiations with the US, contradicting President Trump's claims of a meeting in Qatar. While both nations reportedly agreed to halt counter-strikes following recent escalations around the Strait of Hormuz, Tehran clarified that an expert delegation will visit Doha solely to discuss the implementation of a…

Barchart

Dollar Retreats as Stocks Rally

The dollar index (DXY00 ) on Monday fell by -0.26%. The dollar retreated as Monday's stock rally curbed liquidity demand for the dollar. However, losses in the dollar were limited as Monday's +2% jump in WTI crude oil prices has strengthened inflation expectations and could prompt the Fed to keep...

Euronews

EU will 'come to its senses' on Israel, former Netanyahu adviser says

A former Israeli national security adviser told Euronews that the EU, which he called "irrelevant", will come to its senses and "realise who are the good guys, and who are the bad."

Barchart

Reduced Tanker Flows Through Strait of Hormuz Boosts Crude Prices

August WTI crude oil (CLQ26 ) on Monday closed up +1.52 (+2.20%), and August RBOB gasoline (RBQ26 ) closed up +0.0753 (+2.66%). Crude oil and gasoline prices settled sharply higher on Monday amid escalating tensions in the Strait of Hormuz, which have slowed the flow of oil tankers through the...

France 24

What aftermath for Venezuela? Earthquake relief hampered by political crisis

We are in awe of Venezuela’s first responders and all the brave citizens still pulling survivors from under the rubble of some 770 buildings that collapsed in last Wednesday’s double earthquakes. Is the sudden collapsing of so many structures – many built during the boom years of high oil prices…

Barchart

Soybeans Falling on Monday Ahead of USDA Report

Soybeans are down 17 to 18 points in most contracts on Monday. The cmdtyView national average Cash Bean price is down 16 3/4 cents at $10.63 3/4. Soymeal futures are down $2.10 to $4.20, with Soy Oil futures down 213 points in July. USDA reported a private export sale of...

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