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The Latest Breaking News from Oil

Charting the Global Economy: IMF trims world growth projections

The International Monetary Fund has lowered its global growth forecast for 2026. This adjustment comes as the war in the Middle East has caused a significant oil price shock. The IMF also anticipates higher inflation due to rising energy and food costs.

The Economic Times

Ben Roberts-Smith denies war crimes allegations – As it happened

All the day’s news as it unfolded

The Guardian - AU

Break in economic data keeps Middle East in focus

Traders will be hoping US President Donald Trump strikes a permanent deal with Iran to keep the Strait of Hormuz open as the clock ticks on a fragile ceasefire.

AAP

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'Find lasting solution': Amid Trump pressure, Brazil, Mexico, Spain release joint statement backing Cuba

Mexico, Spain, and Brazil expressed deep concern over Cuba's "dramatic situation" and humanitarian crisis, calling for respectful dialogue and for the Cuban people to decide their future. This comes amid repeated threats from US President Donald Trump to "take Cuba" and increased US economic pressure, including oil shipment blockades, severely…

The Times of India

Trump Calls Emergency Situation Room Meeting as Iran Closes Strait of Hormuz — Negotiations in Crisis

Iran's closure of the Strait of Hormuz has escalated global tensions, prompting emergency meetings and diplomatic efforts to prevent further conflict.

International Business Times UK

'Not by the Tweets of Some Idiot': Iran's Own Military Defies Its Foreign Minister Over Strait of Hormuz

Iran's internal conflict over the Strait of Hormuz reopening reveals the IRGC's dominance, impacting global oil prices and shipping routes amid a fragile ceasefire.

International Business Times UK

A dermatologist has just broken down the ultimate skincare routine - and it has 12 steps

If you want to "make a real difference,” here's every single thing you should do...

Woman & Home

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The U.S. is ready to seize Iran-linked ships with boarding parties, report says, while Marines practice maritime raids

“During training evolutions like these, embarked Marines hone their skills for missions such as maritime interception operations.”

Fortune

How to save money and reduce stress as Iran war impacts summer flights in US

While consumers may be tempted to see if the war ends before buying airline tickets, the ‘wait-and-see’ approach is riskier

The Independent UK

Buying a Home Just Got Harder: How the Iran Conflict Is Pushing Rates Up

Rising oil prices tied to the Iran conflict may keep mortgage rates elevated, squeezing affordability for U.S. homebuyers and reshaping the housing market.

GOBankingRates

Drivers' fuel spend finally drops as oil channel shuts

Australian motorists are caught between the US and Iran as the Islamic republic backflips on a promise to reopen a critical shipping route.

AAP

Pope Leo XIV lands in Angola, says it is 'not in my interest at all' to debate Trump

After visiting Cameroon, Angola is the third leg of Pope Leo XIV's 11-day tour of Africa. People hope for appeals for peace and for him to tackle the economic woes of the oil- and rare-earth-rich nation.

Euronews

3 ETFs to Benefit From Oil Price Surge Without Direct Investment

Fluctuations in the price of oil have been enough to send shares of oil infrastructure stocks and ETFs through the roof this year.

MarketBeat

Oil Prices Plunge Below $85 as Iran Reopens Strait of Hormuz in Major Market Relief

World oil prices tumbled sharply on Friday, with benchmark U.S. crude dropping more than 10 percent to settle below $84 per barrel after Iran declared the Strait of Hormuz fully open to commercial shipping during an ongoing ceasefire, easing fears of prolonged supply disruptions from the Middle East conflict.

International Business Times

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Euronews

Olive harvesting at the Colosseum: a plantation in Roman ruins in the heart of the city

There are about 2,200 farms within the city limits of Italy’s capital alone, making it the largest agricultural municipality in Europe.

Frugal Gardening

The Tool-Share Strategy: How to Get Luxury Garden Tools for Free

There’s something undeniably satisfying about working in your garden with high-end tools—the kind that feel balanced in your hand, glide through soil, and make you look like you know exactly what you’re doing. The problem? Luxury garden tools can cost a small fortune, turning a simple hobby into a pricey…

Motor1

Ford Dealership Tells Man It’ll Cost $2,800 To Fix Leaking Valve. Then An Independent Mechanic Steps In

The owner of a Ford Mustang didn't have any reason at first to doubt a dealership's assessment that he had a leaky valve cover. The burning oil smell was a clear sign that something was wrong, but an estimate of more than $2,800 made him get a second opinion from…

The Guardian - US

Traders placed over $1bn in perfectly timed bets on the Iran war. What is going on?

Suspicious wagers on the US-Israel war in Iran are creating huge windfalls and raising concerns among lawmakers

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Euronews

Moscow bombards Ukraine while Kyiv targets Russian oil facilities

Ukraine struck multiple Russian oil refineries with drones on Saturday while simultaneously repelling a 219-drone Russian assault on its own territory.

Woman & Home

Recipes to help you look and feel good: 5 glow-up dinners full of veg, vitamins, and antioxidants

These easy dinner recipes are packed with ingredients made to help you both look and feel great

The Guardian - UK

Can Europe avoid a summer of holiday flight and cross-Channel travel chaos?

Passengers face risk of cancellations due to fuel shortages – and long airport queues due to EU entry-exit system

The Independent UK

Oil prices drop after Iran says Strait of Hormuz ‘completely open’ for passage of ships

US stocks raced to another record on Friday after Iran said the Strait of Hormuz is open again for tankers

The Guardian - AU

More than 3,400 Iranians killed in war - as it happened

This blog is now closed

Euronews

Iranian gunboats fire on tanker transiting the Strait of Hormuz, UK military says

The United Kingdom Maritime Trade Operations Centre says two gunboats from Iran’s Revolutionary Guard opened fire on a tanker transiting the Strait of Hormuz after Iran said it had reimposed restrictions on the vital waterway.

Euronews

Trump brands UK ‘crazy’ for not drilling the North Sea. But would it actually lower energy bills?

Donald Trump’s latest attack on renewables has reignited calls to drill the North Sea for oil – despite research showing it won’t lower energy bills.

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