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The Latest Breaking News from Oil

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.

Euronews

Will a spike in oil price mean I pay more for my flight or holiday?

Tour operators can add 8% to the cost of a package – but they must show their working

The Independent UK

Bank unveils green loans plan to unlock trillions for climate finance

IADB’s proposals involve lenders using public money to buy up renewable energy loans in poor countries

The Guardian - UK

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UK petrol prices poised to rise as Israel-Iran conflict pushes up cost of oil

Brent crude falls by 3.4% late on Monday amid reports of potential talks to end the hostilities

The Guardian - UK

FTSE 100 closes near record high, and oil price falls, on reports Iran seeks talks with Israel – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

FTSE 100 Live 16 June: Oil price steadies, BetMGM boost for Entain

Oil prices and the FTSE 100 index today held steady in a session when China’s latest retail sales figures offered some support to jittery global markets.

Evening Standard

Asian shares are mixed and oil prices advance as Israel-Iran crisis escalates

Asian shares are mixed and oil prices have climbed further as escalating Iran-Israel tensions threaten to disrupt supplies of crude

The Independent UK

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Oil Prices Rise Further As Israel-Iran Extends Into Fourth Day

Oil prices extended gains Monday as Israel and Iran pounded each other with missiles for a fourth day and threatened further attacks, stoking fears of a lengthy conflict that could reignite inflation.

International Business Times

Aussie shares stall as conflict weighs on confidence

Air and drone attacks in the Middle East have dominated market sentiment since Israel launched air strikes in Iran last week, sending oil prices surging.

AAP

Premier vows to protect state in Santos takeover bid

State government approval of the takeover of one of Australia's biggest oil and gas producers will depend on keeping a local headquarters and maintaining jobs.

AAP

Dow futures reverse higher and oil prices pare gains as escalating Israel-Iran conflict targets critical energy assets

U.S. oil prices climbed 1.1% to $73.79 per barrel, and Brent crude rose 1% to $74.94.

Fortune

'Hidden Treasure': Rare Gandhi Portrait Up For UK Sale

A rare oil painting of Indian independence leader Mahatma Gandhi, which is believed to have been damaged by a Hindu nationalist activist, is to be auctioned in London in July.

International Business Times

Geopolitics, the Fed and Other Can't Miss Items this Week

The stock market opens a shortened trading week under the shadow of escalating Middle East tensions following Israel's attack on Iran's nuclear, missile and military complex early Friday. Here are 5 things to watch this week in the Market.

Barchart

Which Iranian oil and gas facilities has Israel hit? Why do they matter?

Israel hit the world’s largest natural gasfield and other key Iranian energy facilities on Saturday night.

Al Jazeera

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Woman & Home

How to clean a wooden chopping board to ensure a bacteria-free surface

Follow this specialist guide for deep cleaning your chopping board, with insights from cooking and cleaning experts

Creative Bloq

How to recreate the look of oil painting in a digital art portrait, using your iPad or tablet

David Kassan reveals how his traditional oil painting background influences his digital art studies and sketches.

The Conversation

Israel’s attacks on Iran are already hurting global oil prices, and the impact is set to worsen

The weekend attacks on Iran’s oil facilities – widely seen as part of escalating hostilities between Israel and Iran – represent a dangerous moment for global energy security.

Marie Claire

As a Lip Oil Obsessed Beauty Editor, I’ve Tried Them All - Nothing Stands Up to This Hydrating, Glossy Formula

Your lip gloss could never

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Woman & Home

I asked Jamie Oliver for his go-to summer lunch - get ready to eat this unexpected, easy meal on repeat

Jamie Oliver shared his go-to summer meal idea with me and showed me some special tips for how to make it easily, quickly and healthily at home

The Guardian - AU

Explosions heard over Tel Aviv – as it happened

This blog is closed

The Guardian - AU

Ukraine war briefing: Putin tells Trump in phone call Moscow ready to resume peace talks

President confirms Russia could continue negotiations with Kyiv after current prisoner swaps end; Zelenskyy warns oil price surge could help Russia’s war effort. What we know on day 1,208

International Business Times

Haifa In Turmoil: Mayor Warns Of 'Unprecedented Destruction' As IDF Intercepts Iranian Missile Barrage

Eyewitnesses in Jerusalem reported seeing rockets streak across the sky, while emergency teams responded to damaged residential buildings in coastal and northern districts.

Al Jazeera

What is the Strait of Hormuz, could it factor into Israel-Iran conflict?

Iranian lawmaker says Tehran considering closing waterway, described as ‘world’s most important oil transit chokepoint’.

The Independent UK

Father’s Day brunch ideas: 4 easy recipes to impress Dad without the fuss

Skip the crowded cafes and treat Dad to a flavour-packed homemade brunch instead. These four speedy recipes – from spicy tacos to Turkish-style eggs – are ready in under 30 minutes and guaranteed to make his morning

Fortune

Energy markets are poised to be the next battlefield in the spiraling Israel-Iran conflict

An Iranian lawmaker said closure of the Strait of Hormuz, a critical chokepoint in the global energy trade, was under serious consideration.

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