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The Latest Breaking News from Oil

Cuba gets trickle of intrepid tourists as Trump’s oil blockade continues

Island’s tourism industry been hit hard by severe US pressure – but some say foreigners should still visit

The Guardian - UK

Trump may not be a fan of clean energy but Iran war is accelerating global shift from oil and gas

Unintended consequence of US president’s actions will be boon for China, the leading renewables manufacturer

The Guardian - UK

Can higher oil prices negate damage to Qatari gas plant for Shell?

Evening Standard

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

'Not anymore': Ukraine hits two shadow fleet tankers carrying oil near Russia, launches 300+ drones

Ukrainian President Volodymyr Zelenskyy said that the forces have struck two Russian oil tankers near Novorossiysk port. This action highlights Ukraine's ongoing strategy to disrupt Russia's energy sector. Drone warfare has intensified, with Ukraine increasingly targeting Russian territory. Russia has also conducted extensive drone attacks across Ukraine. Diplomatic efforts for…

The Times of India

Iranian super tanker slips past US blockade with $220 million oil cargo

Despite US claims of total control over the Strait of Hormuz and a successful naval blockade, an Iranian oil tanker carrying over 1.9 million barrels of crude has reportedly evaded US forces and reached Asia. This incident, alongside claims of numerous Iranian vessels breaching the blockade, highlights ongoing challenges in…

The Times of India

Ukraine-Russia war latest: Zelensky meets Starmer as UK to enter talks to join £78bn EU loan scheme for Kyiv

Zelensky says Ukraine's military successfully hit Russia's Primorsk ⁠port

The Independent UK

Beijing Fires Back at Trump with a Legal Injunction Protecting Hengli and Four 'Teapot' Refineries

China's Ministry of Commerce issued a legal injunction against US sanctions on five Chinese oil refineries, marking a significant response to Washington's efforts to cut off Iranian oil revenue.

International Business Times UK

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$100 Oil Shock: 3 Ways This Week’s Price Spike Could Hit Your Retirement Budget Fast

If you’ve noticed gas prices climbing again, you’re not imagining it, and it’s not just about what you pay at the pump. Recent global tensions...

Saving Advice

Swinney ‘very concerned’ by reports of BP considering leaving North Sea

Reports suggest the oil giant is considering its position in the North Sea.

Evening Standard

EVs Slashed Global Fuel Consumption Massively In 2025

As EV sales grow, the future of gas and diesel isn’t looking all that great. Electric two- and three-wheelers were the biggest contributors.

InsideEVs

Drone kills 2 in Kherson minibus strike, as Russia claims front-line progress

A Russian drone attack on a minibus in Kherson, Ukraine, has killed two people and injured seven, according to local officials

The Independent UK

Two people killed and over a dozen injured in Russian attacks across Ukraine

Russia is continuing to bombard Ukrainian cities daily with barrages of drones and missiles as ceasefire talks appear to have stalled in the wake of the war in Iran. Kyiv says its counter strikes targeting Russian oil facilities have been achieving success.

Euronews

The year that shook the Gulf

The region's vision of a post-oil future has taken a major blow.

Axios

One economist’s ‘radical idea’ to solve the biggest energy crisis in history: a reverse OPEC

UMass Amherst economist Gregor Semieniuk says the U.S. is the most powerful country to make the idea work.

Fortune

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Fortune

The Iran war has turned the world's shipping straits into a chessboard—and the U.S. aims to box out China from the Panama Canal to the Malacca Strait

As the war over the Strait of Hormuz wages on, the U.S. is quietly gaining more influence over the Panama Canal and the straits of Malacca and Gibraltar.

The Independent UK

Ukraine is hitting oil facilities deep inside Russia. Soaring fuel prices could blunt the impact

Ukrainian drones are flying deep into Russia to strike oil facilities

The Independent UK

Ukraine-Russia war latest: Fighting escalates as Putin’s troops attempt to invade new Ukraine city

Kostiantynivka is part of Ukraine’s heavily fortified fortress belt in the country’s east

The Independent UK

Reopening Strait of Hormuz will not mean ‘return to normal’, Starmer warns

The Prime Minister also insisted the UK must ‘take a different course’ for its future than returning to the ‘status quo’.

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news in one place.

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The Times of India

Iran faces growing crisis as US blockade squeezes Hormuz, losses hit $4.8bn

Iran is facing mounting economic and military strain as a United States naval blockade around the Strait of Hormuz and Gulf of Oman continues to choke off its critical oil exports, with Pentagon-linked estimates putting losses at roughly $4.8 billion, a report by Axios said. The disruption has intensified pressure…

The Guardian - AU

Ukraine war briefing: Russian oil hub of Tuapse hit for fourth time as environmental disaster mounts

Ukrainian drone attacks on refinery in Black Sea port cause toxic clouds and oil slicks on resort’s coastline; Kyiv to reform army. What we know on day 1,529

Barchart

Soybeans Rounds Out the Week with Strength

Soybeans futures closed the Friday session with 5 ¾ to 12 ¾ cent gains, as May was 24 cents higher this week. November was up 27 cents on the week. The cmdtyView national average Cash Bean price was up 13 1/2 cents at $11.37 3/4. Soymeal futures were steady to...

Barchart

Cotton Extends Rally on Friday

Cotton futures closed the Friday session with contracts up 89 to 199 points higher, as July was up 483 points for the week. December was up 398 points. The US dollar index was $0.146 higher at $98.065. Crude oil was down $2.57 to $102.50. Managed money added another 3,891 contracts...

Axios

Scoop: U.S. blockade has cost Iran $4.8 billion, Pentagon says

Officials want to emphasize the blockade's impact as peace talks stop and start.

Fortune

Exxon Mobil CEO sees “more to come” on price spikes from Iran war as Exxon, Chevron beat on earnings despite plunging profits

Exxon and Chevron are maintaining a wait-and-see approach to Venezuela, but they're taking diverging paths in the booming Permian Basin.

Barchart

S&P 500 and Nasdaq 100 Post Record Highs on Solid Earnings

The S&P 500 Index ($SPX ) (SPY ) on Friday closed up +0.29%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.31%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.94%. June E-mini S&P futures (ESM26 ) rose +0.19%, and June E-mini Nasdaq futures...

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