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The Latest Breaking News from Oil

Crude Oil Prices Tumble on Hope for an End to the US-Iran War

July WTI crude oil (CLN26 ) today is down -1.85 (-2.08%), and July RBOB gasoline (RBN26 ) is down -0.0692 (-2.23%). Crude oil and gasoline prices are sliding today, with crude oil falling to a 5-week low. Crude prices are under pressure after the US and Iran tentatively agreed to...

Barchart

To the Situation Room, now! With new message, Trump stirs Iran cauldron again

Trump's comments assume significance as tensions between the US and Iran have remained elevated over Tehran’s nuclear activities, sanctions and regional security concerns. Recent developments in the Middle East have also intensified fears of escalation that could impact global trade routes and energy prices.

The Economic Times

Stocks Supported by Middle East Peace Hopes and AI Spending

The S&P 500 Index ($SPX ) (SPY ) today is up +0.21%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.65%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.25%. June E-mini S&P futures (ESM26 ) are up +0.20%, and June E-mini Nasdaq futures...

Barchart

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Trump meeting with aides to make 'final determination' on moving forward with Iran deal

U.S. President Donald Trump says he's holding a White House Situation Room meeting with his advisors as he looks to make a "final determination" on moving forward with a deal to extend the Iran ceasefire

AAP

US stocks gain ground, adding to their records, as Dell soars

Stocks are rising on Wall Street, adding to the all-time highs they set a day earlier

AAP

Questions dog tentative US-Iran deal as Iranian official says concessions come 'through missiles'

Uncertainty is swirling around what the U.S. has called a tentative deal to extend the ceasefire in its war with Iran

The Independent UK

Stock Indexes Rally to Record Highs on Peace Deal Hopes and AI Spending

The S&P 500 Index ($SPX ) (SPY ) today is up +0.41%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.43%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.66%. June E-mini S&P futures (ESM26 ) are up +0.37%, and June E-mini Nasdaq futures...

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I Drove The BMW M4 CS On The Track—And Came Away Conflicted

The M4 CS is durable enough to take the abuse, but it needs some modifications to be truly great.

Motor1

US stocks open higher, adding to their records, as Dell soars

Stocks are opening higher on Wall Street, adding to the all-time highs they set a day earlier

AAP

Current price of oil as of May 29, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

Wall Street inches higher while oil prices fall on optimism over talks of Iran ceasefire extension

Oil prices are down and markets are inching higher before the opening bell, adding to records hit a day earlier on optimism over a tentative deal to extend the ceasefire in the war with Iran

AAP

Cotton Slipping Back Lower on Friday AM Trade

Cotton prices are down 19 to 51 points early on the Friday session. futures saw Thursday gains of 46 to 99 points across most contracts. The US dollar index was $0.194 lower at $98.955. Crude oil was down 15 cents at the close as several outlets were reporting the US...

Barchart

TotalEnergies faces pressure at AGM over war gains and fossil fuel plans

Environmental groups are stepping up pressure on TotalEnergies ahead of its annual shareholder meeting in Paris on Friday, accusing the French oil and gas giant of profiting from the conflict in the Middle East while continuing to expand fossil fuel production despite France's climate commitments.

Radio France Internationale

Rupee soars to best day in nearly two months, closes at 95 vs USD as RBI steps in, oil drops

The rupee saw a significant jump on Friday, its best single-day gain in two months. This surge was driven by likely intervention from the central bank and a drop in oil prices. The rupee ended the session at 95 per dollar. Investors are now focused on the Reserve Bank of…

The Economic Times

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The Conversation

Somali piracy is back – fuelled by political turmoil, aid cuts and the Iran war

On the evening of April 26, the Egyptian merchant vessel Sward was hijacked by armed men a few miles off the Somali coast. It was steered towards an anchorage near the port of Garacad in Puntland, a semi-autonomous state in north-eastern Somalia.

The Economic Times

RBI to hold rates in June; majority now expect hike by year-end: Poll

The Reserve Bank of India is expected to hold its key interest rate steady in June. However, economists now foresee at least one rate hike by the end of the year. This shift is driven by concerns over elevated oil prices and a weakening rupee. Inflation remains below the RBI's…

The Guardian - UK

Oil prices on track for steepest monthly fall since 2020

Brent crude futures down 19% since end of April amid hopes of US-Iran peace deal, while stock markets rally

Euronews

Oil prices fall and markets rise on optimism over Iran ceasefire deal

Markets rallied, and oil fell after reports that the United States and Iran had agreed in principle to extend their ceasefire, boosting hopes of a sustained de-escalation in the conflict.

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AAP

Japan, South Korea markets hit records on hopes for a winding down of the Iran war

Markets in Japan and South Korea have hit fresh records as Asian shares advanced on expectations the U.S. and Iran will agree to extend the ceasefire in their war by 60 days

Fortune

The ‘imminent’ oil crisis isn’t at the pump—it's under your hood

The U.S. is increasingly reliant on the Middle East for the specific base oils that comprise most modern motor oils and lubricants.

The Guardian - UK

Global stocks rise and oil price slips amid hopes of US-Iran peace deal - as it happened

Rolling coverage of the latest economic and financial news

The Economic Times

India steers boat through a risky channel between war clouds and El Nino

India faces a challenging global economic outlook for 2026-27. Geopolitical tensions and volatile oil prices are key concerns. However, India is building resilience through infrastructure, manufacturing incentives, and reduced import dependence. The nation is positioning itself as an investment destination amidst global uncertainty. Domestic demand and strategic initiatives offer a…

The Economic Times

Indian bonds nudge up on oil dip; debt sale weighs

Indian government bonds saw a slight increase, mirroring U.S. Treasuries as falling oil prices eased inflation concerns. However, gains were tempered by an upcoming debt auction. The 10-year yield is poised for its largest weekly decline in eight weeks, with traders awaiting the Reserve Bank of India's policy decision.

The Independent UK

Iran-US war latest: Trump says naval blockade in Hormuz will be lifted and pledges ‘final decision’ on peace deal

Iran still has not lifted its blockade and insists there is no clause requiring Tehran to forego costly tolls, according to Iranian media

The Economic Times

Global Market: Japan inflation remains below BOJ target as energy costs rise

Tokyo's inflation eased for a sixth month in May, staying under the Bank of Japan's target. Government subsidies helped cushion rising global energy costs. Meanwhile, Japan's factory output rebounded in April, driven by AI-related demand. Policymakers watch these trends closely as they consider future interest rate decisions amid global economic…

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