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The Latest Breaking News from Oil

Three oil, LNG tankers exit Hormuz with transponders off

Two supertankers and an LNG tanker, with transponders off, exited the Strait of Hormuz bound for India and China. These vessels, carrying crude oil and naphtha, are heading to ports in China and India, despite overall limited traffic through the key waterway. The ongoing conflict has significantly impacted shipping in…

The Economic Times

Pacific island climate fund invests in fossil fuels

SYDNEY - A trust fund set up to help a South Pacific island nation gravely threatened by climate change has invested in coal mining, gas exploration and the world’s largest crude oil refinery, an AFP investigation has revealed.

Bangkok Post

Gold hits two-month low as fresh US-Iran strikes fuel inflation fears, hurt peace hopes

Gold prices fell to a two-month low on Thursday. This happened after new U.S. strikes in Iran boosted the dollar and oil prices. Concerns about inflation and interest rates increased. Spot gold dropped to $4,406.81 per ounce. Other precious metals also saw declines. Investors are now watching U.S. economic data…

The Economic Times

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Rosemary Oil Is as Effective as Minoxidil for Hair Growth, Says Science

Introduction Few beauty topics generate as much curiosity as hair growth. Whether it is thinning edges, increased hair fall, or slower-than-expected growth, many people are constantly searching for solutions. Recently, rosemary oil has emerged as one of the most talked-about ingredients in the hair care world. Videos showing dramatic transformations…

MyLifeXP

'War left regime desperate for cash': US sanctions authority overseeing Strait of Hormuz as Middle East conflict enters 90th day

The US has imposed fresh sanctions on Iran's new Strait of Hormuz authority, escalating economic pressure. This follows US strikes on Iranian military sites after drone downings. The sanctions target the agency regulating transit and charging tolls, impacting global oil and gas supplies. Negotiations for a war-ending deal continue amidst…

The Times of India

Oil Price Today (May 28): Crude oil surges nearly 3% after Iran says it targeted US airbase in retaliation for fresh American strikes

Oil prices surged as US strikes in Iran heightened fears of shipping disruptions through the Strait of Hormuz. Iran's Revolutionary Guards claimed to have struck a US airbase, while US forces downed Iranian drones and struck a control station. Analysts warn that even a deal may not immediately normalize shipping,…

The Economic Times

Stocks retreat from record highs as Gulf tensions flare

News of fresh US military strikes in Iran has taken the steam out of the tech-driven bull run in Asia, while oil prices have rebounded.

AAP

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Dollar near one-week high as US-Iran tensions flare, yen nears intervention zone

The dollar strengthened near a one-week peak. New U.S. strikes in Iran have complicated peace talks. Oil prices rebounded as hopes for a quick resolution faded. Investors anticipate the dollar to rise further. The yen weakened significantly, nearing a level that previously prompted central bank intervention. Markets await key U.S.…

The Economic Times

Gold eases as US-Iran tensions cloud interest rate outlook

Gold prices dipped as escalating U.S.-Iran tensions fueled oil price surges, sparking inflation worries and casting a shadow over the Federal Reserve's interest rate decisions. Investors are now keenly awaiting crucial U.S. economic data for further policy direction. Meanwhile, other precious metals like silver, platinum, and palladium also experienced declines.

The Economic Times

Global Market Today: Asian stocks slip from record highs, oil gains

Asian equities retreated from record highs as conflicting signals from the US and Iran on a potential peace deal emerged. Crude oil prices surged as the Strait of Hormuz remained disrupted. The dollar strengthened and Treasuries dropped as sentiment soured following US strikes and White House skepticism about negotiations.

The Economic Times

Oil rebounds after news of US strikes on Iranian military site

Oil prices surged today following reports of new U.S. strikes on an Iranian military site. This escalation comes as Washington and Tehran are in negotiations to end their conflict. Brent crude futures and U.S. West Texas Intermediate futures saw significant gains. U.S. crude oil stockpiles also fell for the sixth…

The Economic Times

Cambodia unrest to dent OR earnings in 2026

PTT Oil and Retail Business Plc (OR), Thailand's largest oil trader by volume, expects a minor impact to its financial performance this year after shuttering parts of its oil and non-oil operations in Cambodia amid ongoing border tensions.

Bangkok Post

Baker Hughes CEO: Data Centers, LNG Fuel Shift Beyond Oilfield Services

Baker Hughes (NASDAQ:BKR) Chairman and Chief Executive Officer Lorenzo Simonelli said the company has become “very different” from the traditional oilfield services business it was a decade ago, emphasizing a broader strategy focused on industrial energy solutions, natural gas, power generation and

MarketBeat

Markets bullish despite flare-up in Middle East

Even though an Iran peace deal appears elusive amid new US strikes, stock sentiment remains convinced the conflict is winding down, which could push up the Thai bourse to 1,600 points by the end of the year, say analysts.

Bangkok Post

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Barchart

Corn Pressure from Crude Continues on Wednesday

Corn futures posted Wednesday losses of 3 to 5 cents across most contracts. Crude oil losses of $4.48 on Wednesday continued to be a pressure factor. The CmdtyView national average Cash Corn price was down 4 3/4 cents to $4.13 1/4. NASS Crop Progress data showed the US corn crop...

Barchart

Cotton Closes Lower on Wednesday

Cotton futures posted losses of 33 to 121 points across most contracts on Wednesday. The US dollar index was $0.054 higher at $99.155. Crude oil was down $4.48 on the day to $89.41 to add pressure. NASS Crop Progress data showed 53% of the US cotton crop planted as of...

Barchart

Wheat Fall Lower on Wednesday

The wheat complex saw weakness on Wednesday. Crude oil losses of $4.48 on Wednesday continued to be a pressure factor. Chicago SRW futures were 10 to 13 cents lower at the close. KC HRW futures saw Wednesday losses of 2 ½ to 7 ½ cents. MPLS spring wheat posted 2...

Barchart

Soybeans See Late Pressure to Close Wednesday Mixed

Soybeans saw late Wednesday weakness, with contracts closing 1 ¼ lower to 1 ¾ cents higher. The cmdtyView national average Cash Bean price was down 1 1/4 cents at $11.27. Soymeal futures was up 20 cents to $2.30, with Soy Oil futures 4 to 90 points higher on Wednesday. Export...

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Bangkok Post

UTN Party opposes jet fuel exports

The United Thai Nation Party (UTN) opposes the government's plan to export Jet A-1 aviation fuel to Vietnam and the Philippines, arguing the policy mainly benefits oil refineries while undermining Thailand's tourism sector and energy security.

Barchart

Stocks Settle Mixed on Conflicting US-Iran Signals

The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up +0.02%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.36%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.09%. June E-mini S&P futures (ESM26 ) rose +0.04%, and June E-mini Nasdaq futures...

AAP

How major US stock indexes fared Wednesday 5/27/2026

U.S. stocks inched to more records after oil prices fell back to where they were in mid-April

AAP

US stocks inch to more records after oil prices drop

U.S. stocks inched to more records after oil prices fell back to where they were in mid-April

International Business Times UK

'You Want $3 Gas Again?': Why 2032 Is the Earliest Drivers Can Expect Relief at the Pump as Prices Stay Trapped

The US-Israel conflict with Iran has severely disrupted global energy markets, delaying petrol price recovery until at least 2032, with significant impacts on American households and the global economy.

Barchart

Dollar Recovers on Conflicting US-Iran Peace Plans

The dollar index (DXY00 ) on Wednesday rose by +0.03%. The dollar recovered from early losses on Wednesday and posted modest gains on conflicting signals about prospects for a US-Iran deal to end the war and reopen the Strait of Hormuz. Iranian television said it obtained an unofficial draft of...

Barchart

Crude Oil Prices Sink as Hormuz-Reopening Talks Continue

July WTI crude oil (CLN26 ) on Wednesday closed down -5.21 (-5.55%), and July RBOB gasoline (RBN26 ) closed down -0.0798 (-2.54%). Crude oil and gasoline prices on Wednesday fell sharply for a second day, with crude posting a 5-week low and gasoline posting a 6-week low. Crude prices are...

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