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The Latest Breaking News from Oil

What is the Strait of Hormuz, could it factor into Israel-Iran conflict?

Iranian lawmaker says Tehran considering closing waterway, described as ‘world’s most important oil transit chokepoint’.

Al Jazeera

Father’s Day brunch ideas: 4 easy recipes to impress Dad without the fuss

Skip the crowded cafes and treat Dad to a flavour-packed homemade brunch instead. These four speedy recipes – from spicy tacos to Turkish-style eggs – are ready in under 30 minutes and guaranteed to make his morning

The Independent UK

Energy markets are poised to be the next battlefield in the spiraling Israel-Iran conflict

An Iranian lawmaker said closure of the Strait of Hormuz, a critical chokepoint in the global energy trade, was under serious consideration.

Fortune

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Israel-Iran conflict and India’s strategic dilemma

The latest escalation in tensions between Israel and Iran is arguably the most significant among a slew of flare ups, involving both state and non-state actors, in West Asia in the last two years. Even if these conflicts have been seen as the spillover of the Gaza conflict, each one…

Newslaundry

Israel-Iran Conflict Sparks Oil Price Surge As Strait Of Hormuz Faces Closure Risk

Analysts warn that targeting Iran's oil production and export facilities could drive prices to $80-$100 per barrel, leading to historic pump price increases in import-dependent nations like Turkey and Spain.

International Business Times

What’s at stake for Europe if the Strait of Hormuz is blocked?

Iran is considering closing the Strait of Hormuz, but what would that mean for Europe and what is at stake if it happens?

Euronews

'At AutoZone and O'Reilly's This Is Like $40:' Man Says You Should Buy Your Motor Oil at Walmart. Then He Shows Why

A Walmart shopper was astounded by the cost of oil products at the ubiquitous retailer.

Motor1

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Zelenskyy warns oil price surge could help Russia's war effort

Ukrainian President Volodymyr Zelenskyy says rising global oil prices following Israeli strikes on Iran will strengthen Russia by increasing its oil revenues, aiding its war effort in Ukraine

The Independent UK

Red Arrows make history with sustainable fuel flypast for King’s birthday

Jets from the world-famous display team were powered by a blend of sustainable aviation fuel, and used vegetable oil to produce their vapour trails.

Evening Standard

This £198 Face Oil Has a Cult Following, But Is It Really Worth the Splurge?

An honest review of a luxury icon

Marie Claire

Oil rig horror game Still Wakes the Deep is going underwater in a surprise story expansion that arrives next week

Siren's Rest is set 10 years after the events of The Chinese Room's nautical horror game.

PC Gamer

Oil markets are spooked as Iran-Israel tensions escalate

Israel’s strike on Iran, and Tehran’s subsequent retaliation fuel fears of Strait of Hormuz trade disruptions.

Al Jazeera

Oil Prices Soar, Stocks Slide After Israel Strikes Iran

Oil prices soared and stocks sank Friday after Israel launched strikes on Iran, prompting retaliation from Tehran and stoking fears of a full-blown war.

International Business Times

US appeals court refuses to vacate Biden approval of Alaska's Willow oil project

A federal appeals court panel has refused to vacate the approval of the massive Willow oil project on Alaska’s petroleum-rich North Slope

The Independent UK

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Kiplinger

Stock Market Today: Dow Dives 769 Points on Iran-Israel Conflict

Losses accelerated in afternoon trading amid reports Iran retaliated against Israel.

Barchart

Oil Price Predictions: The Case for Crude Prices to Surge to $130 Here

JPMorgan says oil prices will likely remain in the low- to mid-$60 range despite the Israel-Iran conflict. But the worst-case scenario could push Brent crude up to $130.

The Independent UK

Oil prices jump after Israel’s attack on Iran and it could lead to higher gas costs

Iran is one of the world’s major producers of oil and if a wider war escalates, it could slow the flow of its oil to its U.S. customers

Evening Standard

Stocks slide, oil jumps after Israel strikes Iran

The FTSE 100 index closed down 34.29 points, 0.4%, at 8,850.63.

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news in one place.

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Fortune

Israel’s attacks on Iran may keep Fed rate cuts on hold, just as inflation was looking better

The 10-year Treasury yield jumped 6.9 basis points on Friday to $4.426, reversing a dip in the immediate aftermath of the attacks.

Barchart

This Energy Stock Has Surged More Than 350% Today as Oil Prices Spike. Should You Buy It Now?

Robin Energy stock soared on Friday after Israel launched a major airstrike on Iran. RBNE shares remain unattractive as their price action today resembles that of meme stocks.

The Independent UK

Bowie challenges Tories to ‘step up’ against Miliband’s ‘eco-zealotry’

Acting shadow energy minister Andrew Bowie accused the UK Government of ‘overseeing the wilful deindustrialisation of this nation’.

The Independent UK

Voices: What is the cost to the economy of Israel’s attack on Iran?

COMMENT : Oil prices jumped on the news of the extraordinary attacks, posing the risk of inflation, while gold surged and share prices fell. So far, so familiar, writes James Moore – but there’s a reason investors should hold their nerves

Barchart

Crude Oil Prices Soar on Israel's Attack on Iran

July WTI crude oil (CLN25 ) is up +4.20 (+6.17%), and July RBOB gasoline (RBN25 ) is up +0.0825 (-3.85%). Crude oil prices initially soared by +11% after news that Israel launched a major military strike on Iran, although prices have since fallen back and are currently up about +6%....

MarketBeat

Higher Gulf Oil Output Puts These Energy Names in Play

Today's economic cycle places a lot of high upside potential in the energy sector, sending waves of bullishness in these 3 names.

Barchart

Stocks Fall and Oil Rallies as Israel Attacks Iran

The S&P 500 Index ($SPX ) (SPY ) is down -0.96%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -1.53%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.05%. June E-mini S&P futures (ESM25 ) are down -0.79%, and June E-mini Nasdaq futures (NQM25...

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