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The Latest Breaking News from Oil

Crude Oil Prices Surge as Iran Tensions Heat Up

June WTI crude oil (CLM26 ) on Monday closed up +4.48 (+4.39%), and June RBOB gasoline (RBM26 ) closed up +0.1430 (+3.98%). Crude oil and gasoline prices recovered from overnight losses and moved sharply higher on signs of heightened tensions in the Strait of Hormuz. Crude prices shot higher Monday...

Barchart

Cold US Temps and Strength in Crude Oil Lifts Nat-Gas Prices

June Nymex natural gas (NGM26 ) on Monday closed up +0.087 (+3.13%). Nat-gas prices rallied to a 4-week nearest-futures high on Monday and settled sharply higher. Nat-gas prices have support on the outlook for below-normal US temperatures in the near term, which could potentially boost nat-gas heating demand. Below-average temperatures...

Barchart

Oil Prices Spike 5% After Iran Claims Missile Strike on US Vessel Before CENTCOM Denial Rolls Markets Back

Oil prices surged after false reports of a US warship attack near the Strait of Hormuz. The US denied the claims, causing prices to stabilize. Tensions remain high in the region.

International Business Times UK

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Poisonous Black Rain Falls In Russia Following Ukrainian Strikes On Key Oil Hub

Black smoke has repeatedly risen over the Russian Black Sea port city of Tuapse after a series of Ukrainian drone strikes hit a major oil refinery and export terminal, setting off fires that have burned intermittently for days and spreading oil contamination across land, rivers, coastal waters and even rain…

International Business Times

Cotton Trading with Mixed Action on Monday

Cotton futures are trading with contracts down 70 to 120 points, as May is the exception, up 199 points. The US dollar index is $0.355 higher at $98.360. Crude oil is down $3.71 to $105.65. Managed money added another 3,891 contracts to their net long position in cotton futures and...

Barchart

Soybeans Rallying to Start the Week

Soybeans are trading with contracts up 12 to 20 cents across most contracts, led by the old crop contracts. The cmdtyView national average Cash Bean price is up 17 3/4 cents at $11.54 1/2. Soymeal futures are $1.50 to $2.40 higher on the day, with Soy Oil futures 100 to...

Barchart

The Latest: United Arab Emirates warns of Iranian attacks as US claims progress in Strait of Hormuz

U.S. forces are guiding commercial ships through the Strait of Hormuz, where hundreds have been stuck since the Iran war began

The Independent UK

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America is lucky it’s no longer a manufacturing powerhouse—it’s what’s protecting the U.S. economy from the worst of the oil shock, top economist says

The U.S. has lost 35% of manufacturing jobs since its 1979 peak. Cornell economist Eswar Prasad said that’s not necessarily a bad thing.

Fortune

The big beauty debate: Is lip balm a daily essential or an addictive vicious cycle?

In the first of our new series, our beauty writer and senior beauty editor disagree on the merits of continuous lip balm use - but who’s right?

Woman & Home

Nigerian refinery accused of sacking union members is key to UK plan to tackle jet fuel shortage

Heidi Alexander says part of answer to strait of Hormuz crisis is importing more fuel from US and west Africa

The Guardian - UK

Crude Oil Prices Surge as Middle East Tensions Flare Up

June WTI crude oil (CLM26 ) today is up +3.18 (+3.12%), and June RBOB gasoline (RBM26 ) is up +0.1323 (+3.68%). Crude oil and gasoline prices recovered from overnight losses and moved sharply higher on signs of heightened tensions in the Strait of Hormuz. Crude prices spiked higher after Iran's...

Barchart

OPEC+ Raises Oil Output As Gulf Supply Disruptions Persist Amid Iran War

OPEC+ agreed to a modest increase in oil production for June as the group continues adjusting output during a period of disrupted global supply tied to the ongoing conflict involving Iran and restricted shipping through the Strait of Hormuz.

International Business Times

Stocks Turn Lower as Middle East Tensions Rise

The S&P 500 Index ($SPX ) (SPY ) today is down -0.35%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.75%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.23%. June E-mini S&P futures (ESM26 ) are down -0.44%, and June E-mini Nasdaq futures...

Barchart

Dollar Supported by Renewed Iran Tensions

The dollar index (DXY00 ) today is up +0.19%. The dollar is receiving support today on an increase in safe-haven demand after crude oil prices gained when Iran's FARS news agency claimed that two missiles had hit a US warship after it had ignored warnings from entering the Strait of...

Barchart

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Barchart

Stocks Mixed on Middle East Tensions and Solid Corporate Earnings

The S&P 500 Index ($SPX ) (SPY ) today is down -0.04%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.42%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.19%. June E-mini S&P futures (ESM26 ) are down -0.05%, and June E-mini Nasdaq futures...

International Business Times

Oil Rises Amid Conflicting Information About Ships Crossing Through The Strait of Hormuz

Oil prices rose on Monday amid conflicting reports about whether U.S. ships were struck by Iranian forces after the U.S. said it would provide guidance to vessels so they could cross the Strait of Hormuz.

MarketBeat

2 ETFs to Play Both Sides of the Iran War Ceasefire

ETFs focused on oil and air travel are two potential plays for different outcomes of the war between the United States and Iran.

Grocery Coupon Guide

5 Grocery Staples That Recently Switched to Lower Cost Ingredients

Food inflation is forcing large corporate brands to make difficult decisions regarding their classic recipes. Maintaining their current shelf prices requires cutting costs deep within their agricultural supply chains. Many beloved pantry staples are quietly undergoing significant chemical alterations to protect corporate quarterly profits. Shoppers are noticing that their favorite…

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Fortune

Current price of oil as of May 4, 2026

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

The Times of India

UK food prices set to rise 50 per cent by November as cost-of-living pressures persist

As the clock ticks toward November, UK families are bracing for an alarming 50% hike in food prices, a stark reminder of the ongoing cost-of-living crisis. Factors such as climate change, disrupted supply chains, and erratic energy prices are driving this inflationary tide, hitting essentials like pasta and olive oil…

Barchart

Oil Shock + Hawkish Fed = Major EUR/USD Downside? Don't Miss These Trading Opportunities

Pressure is building fast on EUR/USD — and two powerful macro forces could send it lower in May. Higher oil prices from Strait of Hormuz disruptions are hammering European growth… while a potentially more hawkish Fed under Kevin Warsh is supercharging the US Dollar. Bearish EUR/USD isn't just a trade…

Barchart

Soybeans Starting Monday with Strength

Soybeans are trading 3 to 8 cents higher so far on Monday morning. Futures closed the Friday session with 5 ¾ to 12 ¾ cent gains, as May was 24 cents higher last week. November was up 27 cents on the week. Preliminary open interest suggested new buying interest, up...

Euronews

Trump says Iran has 'taken some shots' but caused little damage in Strait of Hormuz

Meanwhile, a senior admiral said the US had destroyed six Iranian boats and shot down missiles and drones fired at US Navy and commercial vessels by Tehran's forces.

International Business Times UK

Beef Up 64%, Olive Oil 113%: UK Food Prices To Skyrocket 50% — 'Children Will Go Hungry'

ECIU analysis warns UK food prices will be 50% above 2021 levels by November, with the poorest households hit hardest by surging staple costs.

Fortune

Occidental Petroleum’s CEO transition puts a spotlight on the foreign post advantage

As Vicki Hollub exits, Occidental’s next CEO brings a résumé shaped by global operations, not just HQ leadership.

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