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The Latest Breaking News from Oil

Crude Oil Prices Tumble as Middle East Ceasefire Holds

June WTI crude oil (CLM26 ) today is down -4.54 (-4.27%), and June RBOB gasoline (RBM26 ) is down -0.1140 (-3.05%). Crude oil and gasoline prices are sharply lower today as the ceasefire in the Middle East appears to be holding, easing geopolitical risks. Crude prices are retreating as relative...

Barchart

Tech Stock Strength Lifts the Nasdaq 100 to a Record High

The S&P 500 Index ($SPX ) (SPY ) today is up +0.74%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.57%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.20%. June E-mini S&P futures (ESM26 ) are up +0.70%, and June E-mini Nasdaq futures...

Barchart

Conservatives want more Australian oil and refineries – but is that really the answer to the fuel crisis?

Experts say expanding oil infrastructure, instead of embracing electric vehicles, would ignore basic economics

The Guardian - AU

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Spirit Airlines Says 'Recent Geopolitical Events' Leading To Fuel Spikes Led It To Shut Down

Spirit Airlines said in a court filing that the spike in oil prices resulting from the Iran war played a key role in its decision to cease operations.

International Business Times

‘Take Kharg Island’: Lindsey Graham told Trump to seize Iran’s oil hub weeks ago, now he’s on Fox News saying the opposite

The script flipped.

We Got This Covered

Dollar Slightly Higher as Middle East Risks Remain

The dollar index (DXY00 ) today is up by +0.07%. The dollar is slightly higher today after the US March trade deficit was reported to be smaller than expected. The dollar also has safe-haven support as the US-Iran ceasefire appears shaky after the US Central Command on Monday said the...

Barchart

Iran War Causing Biggest Decline Of Oil Demand In History Outside The Pandemic, S&P Says

The war in Iran has led to the biggest decline in oil demand outside of the pandemic, according to S&P Global Energy.

International Business Times

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7 Grocery Items Getting More Expensive And What It Means for Your Weekly Bill

While some sections of the supermarket are seeing price drops, other aisles are experiencing severe inflation. Global weather events and complicated supply chain disruptions are pushing the cost of specific ingredients to historic highs. Families relying on these popular pantry staples are facing a painful reality check at the checkout…

Grocery Coupon Guide

Stocks Climb as Middle East Ceasefire Holds

The S&P 500 Index ($SPX ) (SPY ) today is up +0.64%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.32%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.08%. June E-mini S&P futures (ESM26 ) are up +0.62%, and June E-mini Nasdaq futures...

Barchart

Oil Drops As U.S. Says Ceasefire Is Not Over And Guarantees Passage For a Ship Through Strait Of Hormuz

Oil prices dropped on Tuesday after the U.S. said the ceasefire with Iran is not over despite Tehran's attacks and Washington guaranteeing passage for a ship through the Strait of Hormuz.

International Business Times

Fuel giants team up for major oil and gas plans in Gulf of Mexico

IN FULL

The Independent UK

The Latest: Hegseth and Caine say ceasefire between the US and Iran is not over

U.S. forces launched an effort to guide commercial ships through the Strait of Hormuz on Tuesday

The Independent UK

Every Chevrolet Corvette Generation, Explained

The Chevrolet Corvette is a weirdly resilient automobile. Created as a post-war trophy purchase for vets looking for something fun to drive, it survived not just the oil crisis of the 1970s but also the 2008 financial crisis, as well as whatever the heck we’re going to call what’s happening…

Motor1

RAC warns that highest petrol prices are yet to come amid more Iran turmoil

IN FULL

The Independent UK

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International Business Times UK

Four-Week Fuel Countdown Begins As California Officials Warn Of Imminent Gasoline Shortages After Last Oil Tanker Arrives

California faces a fuel crisis as the last Middle East oil shipment arrives, with only weeks of supply left. Refinery closures and geopolitical tensions exacerbate the state's vulnerability.

Fortune

Current price of oil as of May 5, 2026

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

Barchart

Cotton Turning Back Higher on Tuesday AM Trade

Cotton price action is up 40 to 71 points so far on Turnaround Tuesday. Futures closed the Monday session with contracts down 30 to 127 points across most contracts. The US dollar index was $0.146 higher at $98.065. Crude oil was up $3.20 to $105.14. NASS Crop Progress data showed...

The Conversation

As government privatization efforts grow, lawsuits against federal contractors get more difficult

The question of which court should hear a case isn’t always as easy as it might seem – and the answer can sometimes make a difference in the potential outcome. For instance, in 2013, the government of Plaquemines Parish, Louisiana, decided to sue several oil companies for violating a 1978…

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The Independent UK

RAC issues petrol price warning as costs near highest since Iran war began

Oil is still cheaper than it should be, warn some experts

The Independent UK

Iran propaganda video depicts Trump in Super Mario consuming oil barrels

A propaganda video circulating on Iranian social media accounts appears to show Donald Trump depicted as a Super Mario character consuming oil barrels.

MyLifeXP

The DIY Flax Seed Gel Mask That Works Like a Natural Glow Booster

In the search for glowing skin, many people turn to expensive products and complicated routines. But sometimes, the most effective solutions are already present in your kitchen. Flax seeds are one such hidden gem. These tiny seeds are packed with nutrients that can benefit your skin in multiple ways. When…

The Independent UK

What is Project Freedom? Experts warn Trump’s plan to escort ships through Hormuz could backfire

The president announced an audacious bid to use the might of the US Navy to escort ships through the waterway

The Conversation

Shutting Iran’s oil wells may be straightforward – but the consequences are not

The Strait of Hormuz – the narrow waterway through which between 20% and 25% of the world’s seaborne oil normally passes – has been effectively closed for just over two months.

Barchart

Stock Index Futures Climb as U.S.-Iran Ceasefire Holds, JOLTs Report and Earnings in Focus

June S&P 500 E-Mini futures (ESM26) are up +0.28%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.47% this morning, supported by lower oil prices as the ceasefire in the Middle East appeared to be holding.

Evening Standard

Ineos and Shell join up to drill for new oil and gas in US

Sir Jim Ratcliffe criticised the UK’s energy policy which he said has been inconsistent compared with a more stable landscape in the US.

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