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The Latest Breaking News from Oil

Magyar calls on Orbán to lift veto on €90bn Ukraine loan before leaving office

If oil flows resume through the Druzhba pipeline, then Viktor Orbán should lift his "technical veto" on the €90 billion loan for Ukraine, Péter Magyar said. Brussels is already laying the groundwork to make the first payment.

Euronews

Donald Trump says he's reopening Strait of Hormuz 'permanently' as Britain slams his war as a folly

Iran has blocked attempts by the US president to prize open the key strait in the Gulf

Evening Standard

Bernie Sanders issues blistering four-word response to Trump’s economic adviser’s take on rising oil prices over Iran war

Veteran left-winger ridicules National Economic Council Director Kevin Hassett over his attempts to reassure the public as war drags on and fuel crisis threatens to deepen

The Independent UK

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Oil prices fall as renewed hopes for peace talks feed a stock market rally

Shares mostly rose in early Wednesday trading, echoing the rally on Wall Street that came as oil prices eased on hopes that the United States and Iran may resume talks.

Euronews

'Oil doesn't discriminate': businesses on shaky ground

Even if the Middle East conflict is resolved soon, Australia's business sector will take time to recover from a shaky start to 2026.

AAP

Healing Through Diet: Foods That Support Recovery in Pets

Just like humans, pets require targeted nutrition during recovery. Illness and injury can weaken the body, reduce appetite, and slow down healing. A nutrient-rich, easily digestible diet helps rebuild tissues, boost immunity, and restore vitality. Whether you have a dog, cat, bird, or small animal, providing the right foods can…

Times Pets

Oil prices fall as Trump suggests US-Iran war peace talks could resume

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The Independent UK

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‘A ray of hope’: EU governments gather to plan way out of fossil fuel reliance

Energy crises could be a thing of the past if reliable, cheap and abundant clean energy is given precedence over fossil fuels.

Euronews

Iran-US war latest: Trump announces historic talks between Lebanon and Israel with White House optimistic for peace

‘We feel good about the prospects of a deal”, White House Press Secretary Karoline Leavitt said

The Independent UK

Oil prices fall and Asian stocks hit six-week high amid fresh hopes for Iran peace talks

Donald Trump says negotiations could resume in Pakistan over the next two days

The Independent UK

Will oil prices ever truly go back to ‘normal’?

The fallout from war between the United States, Israel and Iran has dominated global oil markets. And not just because the Strait of Hormuz, which normally carries about 20% of global oil and gas, remains effectively closed to shipping traffic.

The Conversation

Asian shares mostly rise after Wall Street rallies on lower oil prices

Asian shares are mostly rising, echoing the rally on Wall Street that came as oil prices eased on hopes the United States and Iran may try again on talks to end their war

The Independent UK

US Navy destroyer intercepts two oil tankers trying to leave Hormuz; orders them to turn back

A US Navy destroyer intercepted two oil tankers leaving Iran, marking the initial phase of a US-declared blockade aimed at pressuring Tehran. Despite the blockade, some Iran-linked vessels reportedly transited the Strait of Hormuz. Experts caution about the blockade's effectiveness and warn of potential escalation and retaliation from Iran.

The Times of India

Cotton Faces Tuesday Pressure

Cotton futures closed the Tuesday session with contracts down 11 to 61 points. The US dollar index was $0.278 lower at $97.885. Crude oil was down $7.01 on the day, as reports suggest the US and Iran could hold talks as early as this week, though nothing has officially been...

Barchart

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Barchart

Soybeans Face Pressure on Tuesday

Soybeans were lower on Tuesday with contracts down 3 to 6 ½ cents across most months. The cmdtyView national average Cash Bean price was down 4 1/4 cents at $10.91 1/4. Soymeal futures were 20 cents to $2.20 lower on the day, with Soy Oil futures down 6 to 61...

International Business Times UK

Donald Trump Naval Blockade Faces Scrutiny as Tankers Cross Strait of Hormuz Unhindered

Donald Trump's proposed Strait of Hormuz blockade faces scrutiny as tankers continue unhindered, raising legal, economic and geopolitical concerns.

Evening Standard

Reform claims of deal to ‘remove SNP’ are a ‘lie’, Scottish Labour’s Sarwar says

Anas Sarwar hit back at claims he had sought a deal with Nigel Farage’s party in a bid to defeat the SNP in May’s Holyrood election.

Barchart

Stocks Rally on a Push for Diplomacy to End US-Iran War

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed up +1.18%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.66%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.81%. June E-mini S&P futures (ESM26 ) rose +1.18%, and June E-mini Nasdaq futures...

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Barchart

Dollar Pressured by Sliding Bond Yields and Rising Stocks

The dollar index (DXY00 ) fell by -0.26% on Tuesday and posted a 6-week low. The dollar came under pressure on Tuesday amid easing geopolitical concerns that knocked bond yields lower and sparked a rally in stocks. The US and Iran are in discussions on holding additional negotiations to extend...

Barchart

Crude Prices Fall on Hopes Diplomacy Can End US-Iran War

May WTI crude oil (CLK26 ) on Tuesday closed down -7.80 (-7.87%), and May RBOB gasoline (RBK26 ) closed down -0.0765 (-2.46%). Crude oil and gasoline prices fell sharply on Tuesday in hopes that the US and Iran would extend peace negotiations. Crude prices extended their losses on Tuesday after...

Barchart

Can Lumber Prices Explode?

Lumber prices are highly sensitive to interest rates, as wood is a critical requirement for new home building. Falling mortgage rates increase demand for new homes, while rising mortgage rates have the opposite effect.

Axios

Scoop: U.S. eases bank sanctions amid Venezuela's economic woes

The action by the U.S. Treasury is intended to help Venezuela's oil sector and stabilize its new government.

Barchart

Sugar Prices Rebound as the Dollar Slumps

May NY world sugar #11 (SBK26 ) on Tuesday closed up +0.20 (+1.46%), and May London ICE white sugar #5 (SWK26 ) closed up +13.00 (+3.16%). Sugar prices recovered from 6-week lows on Tuesday and rallied sharply after the dollar index ($DXY ) tumbled to a 6-week low, which sparked...

Euronews

IMF drops Eurozone's economic growth forecast to 1.1% from 1.4% amid Iran war

The International Monetary Fund (IMF) has adjusted its growth projection for the eurozone down to 1.1% from 1.4% for 2026 as prospects for the euro area dwindle amid higher inflation and reduced momentum.

Barchart

Cotton Retreating on Tuesday

Cotton futures are trading with contracts 9 to 60 points in the front months. The US dollar index was $0.273 lower at $97.890. Crude oil is down $6.53 so far on the day, as reports suggest the US and Iran could hold talks as early as this week, though nothing...

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