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The Latest Breaking News from Oil

US-Iran conflict escalates: Tehran hits back with 'crushing response' after Trump's fresh strikes — key developments

A fragile US-Iran ceasefire shattered following fresh military strikes after an oil tanker attack in the Strait of Hormuz. The US targeted Iranian military infrastructure, accusing Tehran of a drone strike. Iran retaliated with missiles and drones at US bases in Bahrain and Kuwait, warning of further action. This escalation…

The Times of India

'Vigilant, lethal, and ready': US unleashes fresh strikes on 10 Iranian military targets — video

US forces launched strikes on 10 Iranian military targets near the Strait of Hormuz following an Iranian drone attack on a commercial oil tanker. The operation, ordered by President Trump, targeted surveillance, communication, and drone facilities. This escalation occurs despite an interim ceasefire, with Washington warning of further action if…

The Times of India

Trump threatens to annihilate Iran after new exchange of attacks

Trump issued a stark warning to Iran, saying the nation would cease to exist if forced back into war, following US strikes on Iranian targets. These retaliatory actions, aimed at Iranian missile and drone sites, were in response to attacks on shipping in the Strait of Hormuz.

The Economic Times

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'Will be forced to militarily complete the job': Trump confirms US strikes on Iran after ceasefire breach, signals further escalation

The US launched fresh strikes on Iran after accusing Tehran of violating a ceasefire for a second consecutive day by attacking a commercial oil tanker near the Strait of Hormuz. This follows US retaliation for a drone attack on another vessel. Iran has warned of a "practical response" to the…

The Times of India

9 Garage Tools That Can Save Money on Basic Car Maintenance

Car ownership has started to feel a little like a subscription service nobody remembers signing up for. Fuel, insurance, registration, and maintenance all compete for space in the monthly budget. Adding to the challenge, the Consumer Price Index for motor vehicle maintenance and repair continues to trend higher, highlighting how…

Clever Dude

Mechanic Works On Popular Car. Then He Offers Warning On Pentastar Engines: "Oh my God. Can You Guys See That?"

"Look how black that is..."

Motor1

Kyiv and Moscow trade strikes as Ukraine hits arms factory deep in Russia

Ukraine said it used its FP-5 Flamingo cruise missiles overnight to strike Russia's Titan-Barrikady weapons plant, which is thought to be involved in the production of parts for the Oreshnik missile.

Euronews

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Ukraine hits defence plant in Russia's Volgograd region, Zelenskiy says

Ukraine's domestically produced Flamingo missiles have successfully targeted a Russian plant manufacturing artillery and missile launch systems in the Volgograd region, causing a significant fire. Simultaneously, Ukrainian drones struck an oil pumping station in the Vladimir region, a crucial logistics hub. These actions underscore Ukraine's expanding reach in striking deep…

The Economic Times

Iran hits US-linked targets as Bahrain reports drone attack

DUBAI - Iran said it struck targets linked ‌to US forces on Saturday in response to US airstrikes on its southern coast, as each side continued to accuse the other of violating last week’s agreement meant to end the four-month-old war.

Bangkok Post

The 4-Step Minimalist Beauty Routine That Helps Stressed Summer Skin Look Refreshed

This 4-step minimalist beauty routine offers a practical approach to summer skin care, helping skin stay hydrated, protected, and refreshed.

Fashion Times

Take it from us – these were the 9 very best beauty products to make their debut in June

From a milky self-tan toner to a volumising mascara, June has been a month and half for newcomers to the beauty world

Woman & Home

Two-year yields dip as Hormuz flows rise, hopes on inflation grow

Treasury yields dipped Friday as falling oil prices, linked to increased Strait of Hormuz shipments, sparked hopes of easing inflation. While the Federal Reserve remains watchful of price pressures, traders are assessing the likelihood of future rate hikes. Despite some hawkish signals from policymakers, the prevailing sentiment suggests a pause…

The Economic Times

European shares slip as tech selloff bites, Zalando slides

European markets retreated from record highs Friday, with tech stocks mirroring global weakness. Zalando shares plunged after a German probe into its accounts, impacting the retail sector. Investors grappled with AI's uncertain impact on tech, while chipmakers saw declines. Despite the dip, the STOXX 600 managed modest weekly gains, buoyed…

The Economic Times

Dollar declines for second straight day but set for weekly gain

The dollar dipped for a second day as easing inflation and falling oil prices tempered expectations for Federal Reserve rate hikes. Despite this pullback, the greenback remains strong for the week and month. Meanwhile, the yen hovers near a critical level, raising intervention concerns. Analysts suggest a cautious approach to…

The Economic Times

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The Economic Times

Oil prices dive as more tankers move through Strait of Hormuz

Crude oil prices experienced a significant drop, heading for steep weekly losses as tanker traffic through the Strait of Hormuz increased, easing supply worries. This comes after a cargo vessel was struck near Oman, with reports suggesting Iranian involvement. Despite the incident, oil continues to flow, and analysts anticipate an…

Homes & Gardens

I Didn't Expect a $25 Cast Iron Skillet to Impress Me This Much – The Victoria Pan Is Now an Everyday Favorite

It's affordable, beautiful, and a joy to cook with

The Economic Times

US strikes Iran following attack on cargo ship in Strait of Hormuz

US forces struck Iranian missile and drone sites following an attack on a cargo ship in the Strait of Hormuz, jeopardising a recent interim peace deal. Meanwhile, Israel and Lebanon signed a ceasefire agreement, though its enforcement is uncertain as Hezbollah refuses to disarm.

Barchart

Cotton Falls Lower on Friday

Cotton futures were down 9 to 174 points on Friday. July was down 577 points this week as December was 329 points lower. Crude oil was back down $1.40/bbl to $70.52. The US dollar index was back down $0.043 at $101.150. The NOAA 7-day QPF shows very little precip expected...

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Barchart

Dollar Slips as Lower Crude Prices Ease Rate-Hike Concerns

The dollar index (DXY00 ) on Friday fell by -0.07%. The dollar moved lower on Friday amid weakness in crude oil prices. WTI crude oil fell more than 3% on Friday to a 4-month low, easing inflation expectations and potentially persuading the Fed to ease monetary policy, a negative factor...

Barchart

Crude Oil Prices Fall Sharply as Global Supply Risks Ease

August WTI crude oil (CLQ26 ) on Friday closed down -2.69 (-3.74%), and August RBOB gasoline (RBQ26 ) closed down -0.0765 (-2.64%). Crude oil and gasoline prices settled sharply lower on Friday, with crude posting a fresh 4-month low. An acceleration of oil tankers out of the Persian Gulf is...

Bangkok Post

Relative calm in Middle East lifts markets

Global markets received a lift this month from the US-Iran ceasefire and pledges to reopen the Strait of Hormuz, resulting in a gradual pick-up in vessel movements and a drop in oil prices to pre-war lows.

Barchart

Cotton Fading Lower on Friday

Cotton futures are trading with 40 to 50 point losses, with nearby July down 275 points. Crude oil is back down $2.76 /bbl to $69.19. The US dollar index is back down $0.098 at $101.095. The NOAA 7-day QPF shows very little precip expected in TX over the next week,...

Barchart

Soybeans Showing Slight Losses on Friday

Soybeans are trading 1 to 3 cent losses at Friday’s midday. July options expire on Friday with FND on Tuesday. The cmdtyView national average Cash Bean price is down 2 1/2 cents at $10.76 1/4. Soymeal futures are down $2.30 in the nearbys, with Soy Oil futures back on the...

The Economic Times

Hormuz traffic eases, ships continue using disputed Oman route

Despite a projectile striking a vessel, ships are continuing to use a non-Iranian-approved passage through the Strait of Hormuz. Traffic levels saw a slight dip from Wednesday's peak, but many commodity vessels, including oil tankers, are still transiting. Iran insists only its designated routes are authorized, leading to a temporary…

Barchart

Crude Oil Prices Sink as Supplies Out of the Persian Gulf Accelerate

August WTI crude oil (CLQ26 ) today is down -3.18 (-4.42%), and August RBOB gasoline (RBQ26 ) is down -0.1009 (-3.48%). Crude oil and gasoline prices are plunging today, with crude posting a fresh 4-month low. An acceleration of oil tankers out of the Persian Gulf is boosting global oil...

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