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The Latest Breaking News from Oil

Airfare remains expensive even though jet fuel prices have fallen amid Iran peace deal

In March and April, airlines scrambled to find ways to make up the cost of jet fuel doubling in just over a month

The Independent UK

The best Korean skincare brands you can actually find in the US

From Biodance collagen face masks to Medicube exfoliating toner pads, these are our favorite Korean skincare products easily available in the US

The Guardian - US

Are K18 hair products worth the price? My verdict after a year of testing

The brand promises to tackle damage from bleach, heat and more

The Independent UK

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

Dollar Weakens with Crude Oil Prices

The dollar index (DXY00 ) today is down by -0.32%. The dollar is sliding today amid weakness in crude oil prices. WTI crude oil is down more than 3% today, easing inflation expectations and potentially persuading the Fed to ease monetary policy, a negative factor for the dollar. Losses in...

Barchart

Iran's Trump card: The risk premium hasn't gone. It just changed shape

A recent attack on a commercial vessel near the Strait of Hormuz signals a shift from fears of outright war to prolonged uncertainty. Iran's response suggests a move from threatening a complete blockade to asserting control and demanding recognition for its role in regulating shipping. This highlights a new risk…

The Economic Times

Oil Prices Fall Despite Iranian Attack Against Vessel In Hormuz Strait; WTI Drops Below $70 a Barrel

Oil prices dropped on Friday despite an Iranian attack against a vessel in the Strait of Hormuz.

International Business Times

Current price of oil as of June 26, 2026

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

Fortune

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Cotton Falling Back on Thursday

Cotton price action is down 115 to 130 points in most contracts so far on Friday. Futures posted gains of 21 to 71 points across most contrast on Thursday, with July up 131 points. Crude oil was back up $1.13 /bbl to $71.47. The US dollar index was back down...

Barchart

Oil, cod, Kirill: friction points emerge in new EU sanctions against Russia

The EU wants to agree on a new round of measures targeting Moscow before 15 July, but the closed-door negotiations have difficult obstacles to navigate.

Euronews

Ukraine unleashes one of its heaviest drone bombardments of Russia

Ukraine unleashed a massive drone assault across a dozen Russian regions and Crimea, reportedly targeting oil facilities and naval vessels. Moscow claims to have intercepted hundreds of drones. This escalation follows President Zelenskyy's call for a 40-day "influence operation" to pressure Russia into ending the war. Meanwhile, Russia's attacks killed…

The Economic Times

Middlemen offer Iranian oil to Indian refiners after US waiver, traders say

Middlemen and Iran's state oil company are offering discounted Iranian crude to Indian refiners after the US granted a 60-day sanctions waiver. However, refiners have limited room for fresh purchases due to existing supply commitments, while payment and banking uncertainties continue to delay commercial negotiations despite renewed interest.

The Economic Times

Traffic through Strait of Hormuz slows after attack on ship

Strait of Hormuz traffic saw a dip Friday after a Taiwanese ship was attacked, prompting a pause in evacuation efforts. Despite this, several tankers entered the Gulf to load oil, and two supertankers sought Iranian crude. Crude prices are heading for steep weekly losses amid easing supply concerns, with Saudi…

The Economic Times

Iran insists on right to control shipping in Strait of Hormuz after ship hit near Oman

Iran asserted its authority over the Strait of Hormuz, warning Gulf states against aligning with the U.S. This comes after an attack on a ship near Oman, highlighting the precarious nature of a tentative Iran war ceasefire. Tehran rejected a joint U.S.-Gulf statement challenging its control and toll demands. Meanwhile,…

The Economic Times

Iran Strikes Cargo Vessel in the Strait of Hormuz Putting Oil Trade on Edge

The vessel reported being struck by a projectile while sailing approximately 7.5 nautical miles southeast of the Omani port of Dahit, according to maritime security officials across the Middle East.

International Business Times

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The Economic Times

Indian refiners unlikely to rush for Iranian oil despite temporary US sanctions waiver, says analyst

Indian refiners are unlikely to sharply raise purchases of Iranian crude despite a 60-day US sanctions waiver, as uncertainty over its duration, payment hurdles and existing supply commitments limit fresh buying, market analyst Sumit Ritolia said. Refiners have already secured most crude requirements for the coming months through advance procurement…

Salon

How oil execs shaped a landmark climate

BP sponsored an elite Princeton research center to address the climate problem without getting off fossil fuels

The Economic Times

India Inc profit hit from West Asia tensions to halve if truce holds, Crisil says

Corporate India's profitability impact from the West Asia conflict is now expected to be half of initial fears, with Crisil Ratings predicting a 100-basis-point hit to operating margins in fiscal 2027. This revised outlook follows crude oil price corrections after the Strait of Hormuz reopened. While most sectors anticipate minimal…

The Economic Times

Crude at $65, consumption boom, and the Rupee's new shield: Dinshaw Irani's big market calls

India's economic headwinds are easing, with falling crude oil prices and a stabilizing rupee poised to boost the market. Helios Mutual Fund CEO Dinshaw Irani anticipates oil prices dropping to around $65 per barrel, significantly benefiting India. He favors discretionary consumption, especially digital-first companies targeting younger generations, over FMCG. IT…

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The Economic Times

Goldman Sachs upgrades India's growth outlook after US-Iran peace deal

Goldman Sachs has raised India's 2026 real GDP growth forecast to 6.8% from 6.5%, citing lower oil prices, easing supply disruptions and resilient domestic demand following the US-Iran peace deal. The brokerage also lifted its FY27 GDP growth estimate to 6.5% from 6.1%, expecting stronger growth, lower inflation, and improved…

The Independent UK

Ukraine launches one of its biggest drone attacks on Russia and Crimea

The Russian Defense Ministry says it intercepted 660 Ukrainian drones overnight

Euronews

Paris court rules TotalEnergies must account for indirect emissions and tighten climate policies

A partial victory, the ruling stopped short of making TotalEnergies directly liable for its customers’ actions.

The Economic Times

Hormuz oil shock echoes 1973 embargo lessons

The recent Strait of Hormuz closure, though brief, signals a potential turning point for global energy. Echoing the 1973 oil embargo, this crisis highlights the vulnerability of interconnected markets. Nations are now prioritising energy security over cost, accelerating investments in domestic renewables, nuclear and even coal, alongside efficiency measures.

The Independent UK

Ukraine-Russia war latest: Putin admits to having ‘problems’ in invasion and warns of fuel shortage from Kyiv’s strikes

Putin admits fuel supply problems have created shortages in Russia as Kyiv continues attacks on his oil refineries

Bangkok Post

Oil down 2% amid resumption of Hormuz shipments even as vessel hit near Oman

Aramco resumes Ras Tanura oil ⁠loadings after ⁠four-month halt

The Guardian - UK

Tracing one delicious snack around the Mediterranean showed me that modern borders are absurd

Migration and cultural exchange have always been the norm between coastal European and African nations. We should celebrate this shared history, says Federico De Blasi, an Italian food writer based in Barcelona

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