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The Latest Breaking News from crude oil

Asian Countries Most Vulnerable To Strait Of Hormuz Blockade

Around 84 percent of oil passing through the Strait of Hormuz is destined for Asia, leaving the economies of China, India, South Korea and others vulnerable should Iran blockade the crucial trading route over US strikes on its nuclear sites.

International Business Times

Marco Rubio Urges China To Intervene, Calls Strait Of Hormuz Closure 'Economic Suicide' For Iran: 'We Retain Options To Deal With That'

U.S. Secretary of State Marco Rubio has called on China to prevent Iran from shutting down the Strait of Hormuz, a crucial trade route for global crude oil. Rubio’s warning comes amid escalating tensions in the Middle East.

Benzinga

Strait of Hormuz: closing vital oil and gas route would disrupt global supplies. How will Australia be affected?

The Iranian parliament has approved the closure of key shipping route the Strait of Hormuz, in a move that could further escalate the Israel/Iran war.

The Conversation

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Crude Prices Slip as US Holds Back from Iran Attack

July WTI crude oil (CLN25 ) Friday closed down -0.21 (-0.28%), and July RBOB gasoline (RBN25 ) closed up +0.0209 (+0.91%). Crude oil and gasoline prices settled mixed on Friday, with gasoline posting a 10-1/4 month high. Friday's weaker dollar was bullish for energy prices. Crude oil prices turned lower...

Barchart

Crude Prices Pressured on Reduced Concern About an Imminent US Strike on Iran

July WTI crude oil (CLN25 ) today is down -0.26 (-0.35%), and July RBOB gasoline (RBN25 ) is up +0.0057 (+0.25%). Crude oil and gasoline prices today are mixed, with gasoline posting a 10-1/4 month high. Today's weaker dollar is bullish for energy prices. Also, concern about the Israel-Iran conflict...

Barchart

Asian shares are mixed and oil gains as world waits to see if US will join Israel's war against Iran

Crude oil prices have climbed and Asian shares are trading mixed as markets await more clarity on whether or not the U.S. will join Israel’s war against Iran

The Independent UK

Clandestine Cartel Oil Refinery Raided by Mexican Authorities

The refinery fits a pattern long associated with fuel theft and money laundering by criminal groups in Mexico, especially the Jalisco New Generation Cartel (CJNG).

Latin Times

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Sugar Futures Remain Bearish- Can the Sweet Commodity Rally?

World sugar futures have been in a bearish trend since November 2023, making lower highs and lower lows. The price of the continuous ICE futures contract recently probed below 16 cents for the first time since April 2021. However, one factor could cause a recovery over the coming weeks and…

Barchart

Middle East Jitters Underpin Crude Prices

July WTI crude oil (CLN25 ) Wednesday closed up +0.30 (+0.40%), and July RBOB gasoline (RBN25 ) closed up +0.0367 (+1.62%). Crude oil prices whipsawed Wednesday in volatile trade and finally settled higher. Concern about escalation of the Israel-Iran war boosted crude prices Wednesday after Iran's Supreme Leader Ayatollah Ali...

Barchart

Crude Prices Fall on Hopes the Israel-Iran Conflict Will De-Escalate

July WTI crude oil (CLN25 ) today is down -1.06 (-1.42%), and July RBOB gasoline (RBN25 ) is down -0.0054 (-0.24%). Crude oil prices today gave up an early advance and turned lower on signs that the conflict between Israel and Iran could de-escalate after President Trump said Iran reached...

Barchart

Oil prices spike, US stocks fall on Israel-Iran crisis

Crude oil prices jump more than 4 percent on fears the US may join Israel’s offensive against Iran.

Al Jazeera

Grains, Unrest, & Gold: What Middle East Tensions Mean for Your Portfolio Now

Darin Newsom discusses mixed grain and livestock markets, attributing crude oil support to Middle East tensions and explaining gold's rally due to global distrust in the U.S. dollar, while noting financial indices appear toppy and grain markets remain range-bound due to ample supply and a lack of significant weather issues,…

Barchart

Crude Prices Surge as Middle East Tensions Escalate

July WTI crude oil (CLN25 ) Tuesday closed up +3.07 (+4.28%), and July RBOB gasoline (RBN25 ) closed up +0.0520 (+2.34%). Crude oil prices rallied sharply on Tuesday on the increase in Middle East tensions after President Trump downplayed the prospects for an early end to the Israel-Iran war. President...

Barchart

UK pushes for lower Russian oil cap as PM denies coalition of the willing is dead

The Prime Minister said he ‘strongly’ believes that restrictions on the price of Russian crude oil should be increased.

Evening Standard

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Barchart

Crude Prices Climb as Prospects Dim for an Early End to Israel-Iran War

July WTI crude oil (CLN25 ) today is up +1.88 (+2.62%), and July RBOB gasoline (RBN25 ) is up +0.0286 (+1.29%). Crude oil prices are sharply higher today on the increase in Middle East tensions after President Trump downplayed the prospects for an early end to the Israel-Iran war. Today's...

Barchart

Can Brent Crude Take Out $75 as Iran-Israel Conflict Drives Global Oil Prices?

Technical traders should watch this key chart level for crude oil as the commodity responds to geopolitical headlines.

Euronews

Gloomy trading in the European markets as oil keeps climbing

Shares slide and crude oil prices bounce higher as Israel warns people in Iran's capital to evacuate.

Barchart

Crude Prices Turn Lower as Iran Seeks to End Hostilities

July WTI crude oil (CLN25 ) Monday closed down -1.21 (-1.66%), and July RBOB gasoline (RBN25 ) closed down -0.0077 (-0.35%). Crude oil prices surged by +5% initially on Sunday night as the Israel-Iran conflict entered its fourth day. However, crude prices gave up their advance and fell sharply on...

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Barchart

Crude Prices Retreat as Iran Seeks to End Hostilities

July WTI crude oil (CLN25 ) today is down -2.42 (-3.32%), and July RBOB gasoline (RBN25 ) is down -0.0238 (-1.07%). Crude oil prices surged by +5% initially on Sunday night as the Israel-Iran conflict entered its fourth day. However, crude prices gave up their advance and fell sharply on...

Euronews

Israel-Iran crisis: How vital is the Strait of Hormuz for oil market?

Tensions between Israel and Iran have raised fears of disruption in the Strait of Hormuz, a vital route for global oil and LNG. Experts warn that even the threat of closure could rattle markets and push energy prices sharply higher.

Newslaundry

Israel-Iran conflict and India’s strategic dilemma

The latest escalation in tensions between Israel and Iran is arguably the most significant among a slew of flare ups, involving both state and non-state actors, in West Asia in the last two years. Even if these conflicts have been seen as the spillover of the Gaza conflict, each one…

Barchart

Crude Oil Prices Soar on Israel's Attack on Iran

July WTI crude oil (CLN25 ) is up +4.20 (+6.17%), and July RBOB gasoline (RBN25 ) is up +0.0825 (-3.85%). Crude oil prices initially soared by +11% after news that Israel launched a major military strike on Iran, although prices have since fallen back and are currently up about +6%....

Fortune

Oil prices surge after Israel's attack on Iran. Trump urges Iran to 'make a deal before there is nothing left'

JPMorgan fears crude oil could hit a high of $130 a barrel, causing U.S. inflation to return to 5% in a worst-case scenario.

International Business Times

Oil Prices Jump Over 8%: Mukesh Sahdev Warns of a Looming Blockade of the Hormuz Strait

The underlying fear is not only a reduction in Iranian oil supply but also a broader disruption in the Strait of Hormuz, the world's most important passage point for crude oil transportation, which connects the Gulf of Oman with the Persian Gulf and is a vital shipping route for Middle…

Barchart

US Tariff Threats Weigh on Crude Oil Prices

July WTI crude oil (CLN25 ) Thursday closed down -0.11 (-0.16%), and July RBOB gasoline (RBN25 ) closed down -0.0239 (-1.10%). Crude oil and gasoline prices on Thursday erased an early rally and turned lower as the latest tariff threats from President Trump sparked long liquidation in energy futures. Crude...

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