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The Latest Breaking News from Oil

Wall Street catches up to the gains made by other markets around the world the day before

The U.S. stock market is rising as it catches up with others around the world that climbed the day before, when President Donald Trump said negotiations were "proceeding nicely" with Iran on ending their war

AAP

Rubio Calls Iran's Hormuz Blockade Illegal — Warns It Will Reopen 'One Way or the Other' as US Strikes Iran Again

Marco Rubio stresses the importance of keeping the Strait of Hormuz open amid rising tensions with Iran, following recent US military strikes

International Business Times UK

Oil steadies at $100 and markets stay volatile as US-Iran talks stall

Brent crude trades at $100 per barrel while European indices drop, Asian stocks close mostly flat and US equities open higher. Markets remain volatile as US-Iran talks stall and President Trump reiterates nuclear demands.

Euronews

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US stocks today: US stocks rise near record highs on Iran deal hopes, oil climbs

U.S. stocks rose Tuesday, catching up after a holiday, as optimism over U.S.-Iran talks lifted sentiment. The S&P 500, Nasdaq and Dow hovered near record highs, while oil prices climbed amid geopolitical tensions. Asian and European markets were mixed as investors weighed conflict risks against hopes of a diplomatic breakthrough.

The Economic Times

Oil giant BP ousts new chairman over 'conduct' and shares slide

BP has ousted its chairman over what it called serious concerns related to "important governance standards, oversight and conduct."

AAP

Current price of oil as of May 26, 2026

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

Fortune

Russian businesses tell Putin they will fund their own air defences after surge in Ukrainian drone attacks

Ukrainian attacks have targeted Russian oil refineries and ports this year

The Independent UK

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Best Skin Supplements for Glowing and Healthy Skin

Sometimes the health of your skin is an indicator of the health of you as a whole, as in how you eat, sleep, hydrate, and how you treat yourself every day.

inkl

Asian And European Oil Markets Are Almost Depleted As Strait Of Hormuz Remains Closed, Strategist Says

Oil markets in Asia and Europe are almost depleted as the Strait of Hormuz remains closed, according to a veteran strategist.

International Business Times

Limoncello, coconut oil and tequila combine for a margarita with tropical notes

Food writer J

The Independent UK

Oil price rises back above $100 a barrel as energy market may be past ‘point of no return’

Crude rises after US strikes on Iran dampen hopes of peace deal, with experts saying talks appear stuck in ‘endless loop’

The Guardian - UK

Wheat Extending Slide on Tuesday Morning

Wheat is feeling pressure from oil losses early on Tuesday morning with contracts down 2 to 7 cents. Crude oil is a pressure factor, down $3.85 from Friday, as the US and Iran were inching closer to a deal over the weekend, though there is nothing set as of this...

Barchart

Soybeans Slipping on Tuesday Morning Trade

Soybeans are showing 3 to 5 ½ cent lower trade so far on Tuesday morning. Crude oil is a pressure factor, down $3.85 from Friday, as the US and Iran were inching closer to a deal over the weekend, though there is nothing set as of this morning. Futures held...

Barchart

Corn Falling Early on Tuesday

Corn price action is resuming trade on Tuesday morning with losses of 4 to 5 cents. Crude oil is a pressure factor, down $3.85 from Friday, as the US and Iran were inching closer to a deal over the weekend, though there is nothing set as of this morning. Futures...

Barchart

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The Economic Times

Why is gold price down today? Check latest gold rate projections for June

Gold rate today: Elevated crude oil prices can accelerate inflation and keep interest rates higher for longer. While gold is seen as a hedge against inflation, higher rates tend to weigh on the non-yielding metal.

The Independent UK

Oil giant BP ousts chairman over 'conduct'

BP has ousted its chairman over what it called serious concerns related to “important governance standards, oversight and conduct.”

The Guardian - UK

BP removes chair Albert Manifold over ‘serious’ governance and conduct concerns

Oil company is FTSE’s biggest faller as chair departs immediately after only eight months in the role

The Economic Times

Pakistan plans oil reserves, storage push as Hormuz constraints expose vulnerabilities

Pakistan is proposing a bonded storage plan to boost its energy security by allowing international suppliers to hold petroleum stocks. The government aims to build strategic reserves, funded by a levy on fuel, and increase local supply capacity. This initiative comes as Pakistan lacks strategic petroleum reserves despite heavy reliance…

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Evening Standard

Oil prices return to 100 dollars a barrel as US carry out strikes in Iran

Oil prices have risen to 100 dollars a barrel as waning optimism over a US-Iran peace deal weighs on global energy markets.

The Independent UK

Oil prices surge to $100 a barrel as US-Iran peace hopes fade amid military strikes

It was a ‘messy’ morning for global markets, an analyst says

Evening Standard

Oil prices return to 100 dollars a barrel as hopes of Iran peace talks wane

It was nonetheless a mixed morning for the financial markets with UK stocks climbing higher and government borrowing costs falling.

The Economic Times

Rupee slips with Asian peers as hopes of imminent U.S.-Iran peace deal falter

The Indian rupee weakened against the dollar as crude oil prices surged amid fading hopes for a U.S.-Iran peace deal. State-run banks intervened to cushion the fall. Rising inflation concerns are prompting analysts to anticipate a Reserve Bank of India rate hike, though economists expect rates to remain steady. The…

The Economic Times

Market Wrap: Sensex falls 479 points, Nifty below 23,950 as bank stocks falter; small, midcaps shine

Indian benchmark indices Sensex and Nifty closed significantly lower on Tuesday, impacted by a downturn in banking, oil and gas, and pharma stocks. Investor sentiment shifted following U.S. strikes in southern Iran, reigniting Middle East conflict concerns. Broader markets, however, showed resilience, with midcap and smallcap indices posting gains.

The Texas Tribune

Texas’ raucous primary runoffs end today. Here’s what to watch.

John Cornyn is trying to fend off Ken Paxton. Both parties are picking attorney general nominees. And an oil and gas regulatory race has become uncharacteristically costly.

The Economic Times

India cancels soymeal export deals, turns to Africa for soybean imports

Indian traders have cancelled 25,000 metric tons of soymeal export contracts. This is the first time since 2021. They have also booked 80,000 tons of imports from African countries. Soaring domestic prices have reversed trade flows. This shift helps North and South American suppliers boost shipments to Asian buyers. African…

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