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The Latest Breaking News from Oil

May’s Top Performers and Underperformers

A stronger dollar, weaker bonds, and uncertainty on the economic and geopolitical landscapes weighed on many commodities in May 2026. Many commodities experienced double-digit percentage declines, while none were more than 10% higher for the month that ended on Friday, May 29, 2026.

Barchart

Dollar Rises on Hawkish Rally in Oil Prices

The dollar index (DXY00 ) is up +0.42% on safe-haven demand after Iran said it halted ceasefire talks with the US, which could prompt a new large-scale US military attack on Iran. That report prompted a rally of more than +7% in crude oil prices, which in turn prompted a...

Barchart

Oil Soars As U.S.-Iran Negotiations Stall And Clashes Escalate Through The Middle East

Oil is soaring on Monday as negotiations between the U.S. and Iran stall and clashes escalate again throughout the Middle East.

International Business Times

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The Iran conflict has disrupted oil supply. Gulf states are now looking to multi-billion-dollar investments in renewables

The U.S.-Israeli war with Iran has triggered the largest oil supply disruption in history, accelerating Gulf diversification efforts and promoting major new investments.

Fortune

Stocks Pressured as Oil Prices Jump on Report that Iran Has Halted Ceasefire Negotiations

The S&P 500 Index ($SPX ) (SPY ) is down -0.08%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.28%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.36%. June E-mini S&P futures (ESM26 ) are down -0.05%, and June E-mini Nasdaq futures (NQM26...

Barchart

Oil prices rise, but not by enough to drag Wall Street far off its records

Oil prices are rising following the latest fighting to threaten the U.S.-Iran ceasefire, but Wall Street isn't very worried, and U.S. stocks are hanging around their records

AAP

U.S. Has Quietly Coordinated Passage of Around 70 Commercial Ships Through Strait of Hormuz Over Three Weeks: Report

Iran said on Sunday that 28 vessels, including oil tankers and container ships, crossed the waterway in the previous 24 hours after coordinating with Tehran

Latin Times

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Crude oil prices rise after latest US-Iran fighting, and US stocks slip

Oil prices are rising following the latest fighting to threaten the U.S.-Iran ceasefire, but Wall Street isn't very worried

AAP

Lisa Snowdon shares her go-to trick for flattering uneven skin in summer

From a body bronzer to a shimmering oil, Lisa Snowdon has shared her go-to products for achieving an instant summer glow - and they're all under £35.

Woman & Home

Wall Street poised to open with gains, oil jumps again after the US and Iran trade strikes

Wall Street is poised to open with gains and oil prices jumped again as tensions between the U.S. and Iran escalated

AAP

Current price of oil as of June 1, 2026

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

Fortune

India bonds slip ahead of RBI policy as war risks lift oil

The Reserve Bank of India will announce its rate decision on Friday, with markets largely pricing in a pause even ‌as Standard Chartered, ⁠Capital Economics, ⁠ANZ, MUFG and OCBC call for a 25-basis-point hike.

The Economic Times

Maps are powerful political tools shaping a nation’s past, present and future – counter maps allow everyday people to reclaim the narrative

Throughout time, maps have been useful tools for those in power to stake their claim over territories and markets. Politicians start nationwide redistricting battles to ensure partisan control, weakening the power of voters. The Trump administration’s geopolitical posturing over Greenland builds on a long history of imperialism aided by maps.…

The Conversation

French navy seizes Russia-linked oil tanker in Atlantic

President Macron says ship subject to sanctions and posts video of operation that took place with UK support

The Guardian - UK

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The Independent UK

Three authentic Istanbul recipes to cook at home

For Özlem Warren, Istanbul’s food is about far more than kebabs. The Turkish food writers speaks to Ella Walker about why breakfast, hospitality and centuries of history are at the heart of the city’s culinary identity

AAP

France intercepts shadow fleet tanker linked to Russia

The Kremlin says ‌it considers France's seizure of the Russian-linked oil tanker ‌Tagor to be illegal and that it ‌borders on piracy.

France 24

Trump's oil blockade on Cuba aggravates Havana's garbage crisis

PRESS REVIEW – Monday, June 1: Piles of trash are flooding Havana, as Cuba struggles under US President Donald Trump's oil blockade. Next, papers look at the latest cancer research breakthrough and the industry of hair transplants. Also: US farmers find alternative ways to make money. Finally, some Paris metro…

The Economic Times

Rupee ends little changed on two-way foreign portfolio flows, merchant hedging

The Indian rupee remained stable on Monday. Modest gains from equity index rebalancing were countered by corporate hedging. Traders are closely watching the upcoming monetary policy decision. Higher crude oil prices had little impact. The rupee is expected to trade within a narrow range. Analysts suggest the market anticipates faster…

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The Independent UK

Macron says French Navy, backed by the UK, intercepted a sanctioned tanker from Russia

The French Navy, with UK support, has intercepted another Russia-linked oil tanker under international sanctions

The Economic Times

Why did market fall today? Sensex drops 500 points, Nifty closes below 23,400: 4 key factors

Indian stock markets experienced a sharp decline on Monday. The Sensex and Nifty both fell significantly. This downturn was driven by substantial foreign investor selling and growing concerns over the Iran-US conflict. Rising oil prices and increased market volatility also contributed to the negative sentiment. While IT stocks showed resilience,…

The Times of India

‘International terrorism’: Russia slams France's seizure of Russian-linked tanker, terms it 'illegal'

France has detained a Russian-linked oil tanker, the Tagor, in the Atlantic, suspecting it of violating sanctions imposed over the Ukraine war. Russia vehemently condemned the seizure as illegal, bordering on 'international terrorism,' and vowed to protect its shipping. This action is part of a wider Western effort to curb…

Kiplinger

How Investing in Oil and Gas Mineral Rights Can Help You Step Off the 1031 Exchange Treadmill

Mineral rights offer deeded ownership with no tenants, monthly royalty income with no operating costs, a stepped-up basis for heirs and more.

Euronews

China's factory activity flatlines in May casting doubt over the economy

China's manufacturing sector barely held its ground in May, with official data showing activity slipping to its weakest reading in three months as the fallout from the Iran war and entrenched domestic weakness raise fresh doubts about Beijing's growth ambitions.

The Economic Times

Crude oil shock clouds near-term outlook, but FY27 earnings growth still intact: Karthikraj Lakshmanan

UTI AMC's Karthikraj Lakshmanan sees cautiously optimistic Indian market outlook with intact FY27 earnings trajectory, despite near-term crude oil volatility. Macro pressures from rising oil prices are noted, but India remains resilient, with potential for double-digit earnings growth. Selective sector bets, particularly financials and IT, are favored over unpredictable fund…

The Economic Times

ATF prices for international airlines slashed 27%; domestic rates unchanged

International airlines see a significant 27 percent cut in jet fuel prices. Domestic carriers, however, continue to pay unchanged rates. Commercial LPG prices have reached record highs. Household LPG and fuel prices for petrol and diesel remain steady. These revisions reflect monthly price reviews by state-owned oil companies amidst global…

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