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The Latest Breaking News from Oil

Bank of England warns of ‘elevated’ global uncertainty after leaving interest rates on hold – as it happened

UK central bank split 6-3 on interest rate decision, and warns that escalating Middle East conflict is pushing up energy prices

The Guardian - UK

UK ministers reopen door to drilling at two North Sea oilfields as new guidance released

Michael Shanks says guidance brings ‘clarity’ to approval process as analysis finds UK will be almost fully dependent on foreign gas by 2050 even if sites get green light

The Guardian - UK

Experts Spill On How To Adapt Your Skin & Hair Routine For The Winter

The only thing that should be thirsty this winter is your ex. 🥵

Pedestrian.tv

From analysis to the latest developments in health,
read the most diverse news in one place.

Celebrate World Tapas Day with José Pizarro’s classic Spanish recipes

Mark World Tapas Day in true Spanish style with José Pizarro’s crowd-pleasing recipes – think golden tortilla, salty devilled eggs and croquetas worth burning your fingers for

The Independent UK

Asian shares decline after mixed Wall Street finish and tensions simmer in the Middle East

Asian shares have retreated across the region as worries persist about conflict in the Middle East

The Independent UK

Asian Stocks Drop After Fed Warning, Oil Dips With Mideast In Focus

Asian stocks fell Thursday after the Federal Reserve warned Donald Trump's trade war would likely reignite US inflation and dampen economic growth, while oil prices edged down as investors awaited developments in the Israel-Iran conflict.

International Business Times

Stocks are flat, as the Fed’s latest forecast flirts with stagflation

The Federal Reserve’s quarterly projection included lower growth and higher inflation; the Fed also maintained its previous expectation of two interest rate cuts.

Fortune

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Middle East Jitters Underpin Crude Prices

July WTI crude oil (CLN25 ) Wednesday closed up +0.30 (+0.40%), and July RBOB gasoline (RBN25 ) closed up +0.0367 (+1.62%). Crude oil prices whipsawed Wednesday in volatile trade and finally settled higher. Concern about escalation of the Israel-Iran war boosted crude prices Wednesday after Iran's Supreme Leader Ayatollah Ali...

Barchart

Will the new Middle East crisis rock the world economy? The markets say no – but I fear they’re wrong

The oil shocks of the 1970s-90s had brutal economic impacts. As Israel attacks Iran, a moderate rise in oil prices rests on questionable assumptions, says Guardian columnist Larry Elliott

The Guardian - UK

Why Israel-Iran tensions might not raise prices at the pump as much as feared (for now)

The unexpected attack by Israel on Iran, a major oil-producing nation, may undermine anaemic global economic growth and hinder central banks’ ability to cope in an already uncertain market.

The Conversation

FTSE 100 nudges up ahead of Fed decision following broadly expected CPI data

The oil price fluctuated, with the Israel-Iran conflict entering its sixth day.

Evening Standard

Crude Prices Fall on Hopes the Israel-Iran Conflict Will De-Escalate

July WTI crude oil (CLN25 ) today is down -1.06 (-1.42%), and July RBOB gasoline (RBN25 ) is down -0.0054 (-0.24%). Crude oil prices today gave up an early advance and turned lower on signs that the conflict between Israel and Iran could de-escalate after President Trump said Iran reached...

Barchart

Youth-led Sunrise Movement to launch campaign to ‘villainize big oil’ and force climate action

With climate policies under siege by the Trump, young climate activists are intensifying their campaign

The Guardian - US

Israel-Iran conflict fuels best month for energy stocks since 2022

European energy stocks soar as the Israel-Iran conflict drives Brent crude up 20% in June. The EURO STOXX 600 Energy index has gained 8% over the same period, on track for its best month since October 2022.

Euronews

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International Business Times UK

Global Oil Markets on Edge as Iran Threatens to Block Strait of Hormuz Amid Escalating War with Israel

Iranian officials allegedly plan to close the Strait of Hormuz. Can Donald Trump help prevent this?

Fortune

War, tariffs, and Trump: What members of the FOMC will be thinking as they finalize their base rate decision today

ANALYSIS: Here are a handful of factors likely impacting the Fed’s interest rate decision being announced today.

Evening Standard

PZ Cussons narrows profit guidance and sells stake in Nigerian palm oil firm

The London-listed firm said its profit outlook has been impacted by £2 million of new packaging recycling costs.

The Guardian - US

Trump promised riches from ‘liquid gold’ in the US. Now fossil fuel donors are benefiting

How Kelcy Warren, one of Trump’s biggest industry backers, and his pipeline firm are likely to flourish in his second term

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news in one place.

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Evening Standard

UK inflation to edge higher if oil prices push up energy costs, experts warn

Experts have said that inflation is set to remain elevated over the coming months, particularly if global oil prices continue to spike.

Euronews

Indigenous protest as Brazil sells Amazon oil blocks

Indigenous groups and environmental activists rallied in Rio de Janeiro on Tuesday as Brazil auctioned off oil blocks near the ecologically sensitive Amazon River mouth.

Euronews

European shares show slight rise despite Iran-Israel crisis, while oil stays high

Israel and Iran continued to exchange airstrikes on Wednesday while the US moved fighter jets to the region.

Evening Standard

FTSE 100 Live 18 June: Food and oil prices cloud rates outlook, index steady

Interest rate speculation and Middle East uncertainty today held back European markets during a lacklustre session for the FTSE 100 index.

Fortune

Agrifood giant Wilmar hands over almost two-thirds of its annual profit to Indonesia as ‘security deposit’ for palm oil corruption case

Shares in Wilmar, one of a handful of Southeast Asian firms to make the Global 500, dropped 3% on the news.

The Independent UK

Asian shares are mixed and oil prices rise as escalating Iran-Israel crisis hits Wall Street

Asian shares are mixed and oil prices have advanced after the escalation of conflict in the Middle East hit Wall Street

Al Jazeera

Oil prices spike, US stocks fall on Israel-Iran crisis

Crude oil prices jump more than 4 percent on fears the US may join Israel’s offensive against Iran.

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