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The Latest Breaking News from Oil

‘Who’s really scamming me?’: Man gets two different service recommendations from two Toyota dealerships on the same car in 24 hours

One follow-up exposed the cracks.

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Strait of Hormuz Closure Limits Energy Supplies and Supports Crude Oil Prices

June WTI crude oil (CLM26 ) on Monday closed up +1.97 (+2.09%), and June RBOB gasoline (RBM26 ) closed up +0.0372 (+1.12%). Crude oil and gasoline prices settled sharply higher on Monday, with gasoline posting a 3.75-year high. Crude prices continue to climb as stalled peace talks between the US...

Barchart

As the U.S. Spends Billions Fighting Iran, War-Driven Inflation Hits Working Families Hard

The rising cost of gas and higher utility rates are hurting farmers, ride-sharing workers and consumers from coast to coast.

Capital & Main

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Iran to Reopen the Strait of Hormuz? Reports Say Tehran Offered to End Chokehold if US Lifts Blockade and Ends the War

Iran proposes to reopen the Strait of Hormuz if the US lifts its blockade and ends the war. Learn more about this geopolitical shift and its impact on global oil trade.

International Business Times UK

Starmer warns Iran war could put holidays and food shopping habits under threat

Sir Keir Starmer told Britons not to panic over the economic impact of the Iran war

The Independent UK

Venezuela Reactivates Idle Oil Rigs As Industry Overhaul Draws Global Energy Players Back

Oilfield service companies operating in Venezuela are redeploying equipment as the interim government pushes ahead with a broad industry overhaul.

International Business Times

Soybeans in Rally Mode on Monday

Soybeans are up 11 to 15 cents across most contracts on Monday. The cmdtyView national average Cash Bean price is up 15 cents at $11.17 1/4. Soymeal futures are up $9.50 to $9.70 in the front months, with Soy Oil futures up 20 to 24 points. USDA’s FGIS tallied soybean...

Barchart

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Cotton Holding onto Monday Gains

Cotton futures are trading with contracts 22 to 56 points higher across the front months. The US dollar index is slipping 0.084 lower at $98.280. Crude oil is back up $2.24 to $96.65. Spec traders were busy increasing their fresh bullish bet in cotton futures and options in the week...

Barchart

Caspian and Central Asian oil markets recalibrate amid trade shifts

The oil sector in the South Caucasus and Central Asia is shifting towards more flexible trading strategies as volatile markets and Asia-led demand reshape global energy flows.

Euronews

California's fight over pipeline tests state's right to push back against Washington during war

California continues to fight the Trump administration after it defied state officials to restart oil drilling off the Santa Barbara coast in the name of national security

The Independent UK

Blue chips falter as oil price moves ever higher

The FTSE 100 closed down 57.99 points at 10,321.09.

Evening Standard

This Forgotten Victorian Trick Makes Your Home Smell Incredible – And It Only Requires 2 Ingredients

They're impressively fragrant, non-toxic, and take a minute to make

Homes & Gardens

As Arctic waters open up, Canada must prepare for oil spills

Canada’s Arctic is opening faster than protection efforts are keeping pace. As sea ice declines, shipping is expanding across Arctic and sub-Arctic waters.

The Conversation

Crude Oil Prices Rally on Stalled US-Iran Peace Talks

June WTI crude oil (CLM26 ) today is up +2.68 (+2.84%), and June RBOB gasoline (RBM26 ) is up +0.0602 (+1.81%). Crude oil and gasoline prices are sharply higher today, with gasoline posting a 3.75-year high. Crude prices continue to climb as stalled peace talks between the US and Iran...

Barchart

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Euronews

Strait of Hormuz standoff leaves 20,000 seafarers stranded on cargo ships

Thousands of seafarers are stranded as the Iran war shuts down much of the Strait of Hormuz, disrupting global oil and gas trade and raising safety fears.

Barchart

Stocks Slip as Higher Oil Prices Spur Inflation Concerns

The S&P 500 Index ($SPX ) (SPY ) today is down -0.12%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.30%. June E-mini S&P futures (ESM26 ) are down -0.14%, and June E-mini Nasdaq futures...

Fortune

Shell reverses course in Canada and buys ARC Resources for $14 billion, doubling down on oil and gas

The Montney is emerging as a hot oil and gas play as U.S. shale basins mature.

Barchart

Dollar Weakens and Gold Falls on New Iran Proposal to End War

The dollar index (DXY00 ) today is down by -0.19%. The dollar fell from a 2.5-week high today and turned lower after Axios reported that Iran has offered a new proposal to reopen the Strait of Hormuz. The dollar initially moved higher in overnight trade after President Trump canceled planned...

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Marie Claire

My Tiny NYC Apartment Feels Like a 5-Star Spa With These Under-$50 Salt & Stone Body Products

The scents are top tier.

Barchart

Stocks Pressured by Higher Oil Prices

The S&P 500 Index ($SPX ) (SPY ) today is unchanged, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.10%. June E-mini S&P futures (ESM26 ) are down -0.02%, and June E-mini Nasdaq futures (NQM26...

International Business Times UK

28-Year-Old Harvard Student's Dorm Room Side Hustle Made $7K In First Month — Now Targets $500K

Brian Youngblood launched Prest, a shelf-stable powdered hummus, from a Cambridge donut shop kitchen while studying at Harvard Business School.

The Conversation

How freak weather and an old-fashioned grid exacerbate energy insecurity

The Iran crisis is reshaping how the world produces, uses and secures energy. This is no temporary shock. It has become a structural stress test of energy systems, industrial production and government strategy.

International Business Times

Goldman Sachs Raises Oil Forecasts For 2026 As Strait Of Hormuz Remains Closed

Goldman Sachs has elevated its oil forecasts for the year as the Strait of Hormuz remains closed and prices continue to be elevated.

The Conversation

Could the Strait of Malacca be the next global flashpoint?

While recent global attention has focused on the Strait of Hormuz, which Iran has effectively held closed since late February in a move that has disrupted world energy supplies, a quieter but also important development has been taking shape in south-east Asia.

Barchart

Oil is Off Its Highs But Shorting Chevron Puts Provides Good Yields

Oil is off peak prices as tensions over the Iran war have subsided. As a result, oil stocks such as Chevron Corp. have dropped. But put option premiums remain high, making them attractive to short-sellers.

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