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The Latest Breaking News from Oil

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 Economic Times

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

The Independent UK

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

Aramco resumes Ras Tanura oil ⁠loadings after ⁠four-month halt

Bangkok Post

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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

The Guardian - UK

Iran-US war latest: Trump and Tehran agree to halt attacks after exchanging strikes over Strait of Hormuz

Iran and US to meet in Qatar to resume peace talks, according to reports

The Independent UK

Saudi Aramco resumes oil loading at Ras Tanura after four-month halt, data shows

Saudi Aramco has restarted oil loading at its Ras Tanura terminal after a four-month pause, with two massive crude carriers seen taking on cargo. This resumption follows an interim deal between the US and Iran, which has eased tensions and allowed for increased output and exports from Middle Eastern producers.…

The Economic Times

Ukraine war briefing: Zelenskyy declares 40-day Russia blitz to ‘influence the aggressor state’

Ukrainian strikes continue to shut down Russian oil refineries and starve Crimea of gasoline and power; Belarus relay stations silenced. What we know on day 1,584

The Guardian - AU

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Oil edges lower amid resumption of strait shipments even as vessel hit near Oman

Oil prices are poised for significant weekly declines as supply worries ease with tankers navigating the Strait of Hormuz. Despite a cargo vessel being struck near Oman, with Iran implicated, and earthquakes in Venezuela causing minor infrastructure damage, crude shipments through the vital waterway have increased. However, lingering geopolitical tensions…

The Economic Times

Global Market Today: Asian stocks decline led by tech, oil holds steady

Asian markets saw a dip, led by a pullback in heavyweight chip stocks after a strong rally. US futures remained steady following a volatile session on Wall Street, where tech giants like Apple experienced significant declines. Investors are closely watching the sustainability of high tech valuations amid concerns over AI…

The Economic Times

Cotton Posts Thursday Strength

Cotton 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 $0.141 higher at $101.250. USDA’s Export Sales report from this morning showed 83,864 RB of...

Barchart

Soybeans Rally on Thursday, with Drier Start to July

Soybeans were up 16 1/2 to 22 cents across the board at Thursday’s close. The cmdtyView national average Cash Bean price was up 20 1/2 cents at $10.79 3/4. Soymeal futures were up $1.40 to $4.90 in the nearbys, with Soy Oil futures back up 129 to 169 points. Precip...

Barchart

I Can’t Believe I Almost Missed Cyklar's Crazy Good Amazon Prime Day Sale

It's my must-have body care brand.

Marie Claire

Why are oil prices up today, and will Brent, US WTI crude futures continue to rise or fall again? Cargo ship attack near Oman lifts crude prices

Why are oil prices up today, and will Brent, US WTI crude futures continue to rise or fall again? Oil prices gained more than 2% after a cargo ship was struck near Oman, raising concerns over crude shipments through the Strait of Hormuz. Brent and US WTI crude futures moved…

The Economic Times

7 Grocery Items Expected to See the Biggest Price Jump This Summer

Summer cookouts are a wonderful tradition, but stocking up on your favorite foods will be notably more expensive this year. Retail analysts predict that specific grocery categories will see significant price surges during the hotter months. Rising fuel costs for shipping and unpredictable global weather patterns are driving these sudden…

Grocery Coupon Guide

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Barchart

Stocks Settle Mixed on Apple Weakness and Chipmaker Strength

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -0.01%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.75%. September E-mini S&P futures (ESU26 ) rose +0.01%, and September E-mini Nasdaq futures...

Fortune

Trump turns on Big Oil donors who spent nearly $100 million to get him elected—now he wants the DOJ to investigate them for price gouging

Crude prices are back to prewar levels. Gas prices aren’t. Now Trump is pointing fingers at his own biggest donors.

Fortune

U.S. companies swallowed the oil shock. They're not sure they can do it again

A Fed survey of 530 executives found inflation now tops concerns for 25% of firms—nearly triple last quarter's 9.5%—even as most have held the line on consumer prices.

Barchart

Crude Oil Prices Sharply Higher on Concerns of Reopening of Strait of Hormuz

August WTI crude oil (CLQ26 ) on Thursday closed up +1.58 (+2.25%), and August RBOB gasoline (RBQ26 ) closed up +0.1109 (+3.97%). Crude oil and gasoline prices erased early losses on Thursday and rallied sharply as short covering emerged on a report that an unknown projectile off the coast of...

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Barchart

What Did the June WASDE Report Tell the Corn Futures Market?

After reaching a 2026 high on May 13, CBOT new-crop December corn futures have turned lower, reaching a new 2026 low on June 15. Corn futures are approaching the critical technical support levels in late June 2026.

MyLifeXP

5 Healthy Foods People Eat Too Much of Without Realizing It

For years, people have been taught to swap chips for nuts, desserts for fruit, and sugary breakfasts for smoothie bowls. While these choices are undeniably better for overall health, the word "healthy" can sometimes create a false sense of security. Nutrition experts often point out that calories, sugar, and fats…

The Economic Times

IMF says it will take time for energy, commodity prices to normalize after US-Iran deal

The IMF notes a decline in energy and commodity prices following a ceasefire in the Strait of Hormuz, though full normalization will take time. While inflationary expectations remain anchored, the Fund is particularly concerned about developing nations, especially in Africa, that are net energy importers. India's domestic demand is robust,…

Woman & Home

Our favourite French pharmacy finds are all under £20 right now - no plane ticket needed

Once upon a time, we might have had to plan a trip to secure some of these glow-boosting buys, but right now, they're all on sale at Amazon

The Texas Tribune

Tensions with landowners rise as a raft of gas pipelines push through Texas properties

Rising demand for Texas natural gas by data centers and foreign nations has sparked a surge in pipeline projects

The Economic Times

US inflation tops 4% for first time in three years, keeping Fed hike in play

US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve's interest rate hike plans on the table for September. Despite this, consumer spending surged, bolstered by tax refunds and a stock market rally. Business investment in equipment also rebounded, particularly in AI-related technology, offering…

Bangkok Post

Court orders TotalEnergies to account for clients' emissions

PARIS — A French court ordered oil and gas giant TotalEnergies on Thursday to account for the emissions from the use of its products by clients, in a high-stakes climate case brought by non-governmental organisations (NGOs) and the city of Paris.

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