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EXPLAINED: 2 - The Real Truth

Iran Strikes Cargo Vessel in the Strait of Hormuz Putting Oil Trade on Edge

The vessel reported being struck by a projectile while sailing approximately 7.5 nautical miles southeast of the Omani port of Dahit, according to maritime security officials across the Middle East.

International Business Times

Indian refiners unlikely to rush for Iranian oil despite temporary US sanctions waiver, says analyst

Indian refiners are unlikely to sharply raise purchases of Iranian crude despite a 60-day US sanctions waiver, as uncertainty over its duration, payment hurdles and existing supply commitments limit fresh buying, market analyst Sumit Ritolia said. Refiners have already secured most crude requirements for the coming months through advance procurement…

The Economic Times

How oil execs shaped a landmark climate

BP sponsored an elite Princeton research center to address the climate problem without getting off fossil fuels

Salon

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

India Inc profit hit from West Asia tensions to halve if truce holds, Crisil says

Corporate India's profitability impact from the West Asia conflict is now expected to be half of initial fears, with Crisil Ratings predicting a 100-basis-point hit to operating margins in fiscal 2027. This revised outlook follows crude oil price corrections after the Strait of Hormuz reopened. While most sectors anticipate minimal…

The Economic Times

Crude at $65, consumption boom, and the Rupee's new shield: Dinshaw Irani's big market calls

India's economic headwinds are easing, with falling crude oil prices and a stabilizing rupee poised to boost the market. Helios Mutual Fund CEO Dinshaw Irani anticipates oil prices dropping to around $65 per barrel, significantly benefiting India. He favors discretionary consumption, especially digital-first companies targeting younger generations, over FMCG. IT…

The Economic Times

Goldman Sachs upgrades India's growth outlook after US-Iran peace deal

Goldman Sachs has raised India's 2026 real GDP growth forecast to 6.8% from 6.5%, citing lower oil prices, easing supply disruptions and resilient domestic demand following the US-Iran peace deal. The brokerage also lifted its FY27 GDP growth estimate to 6.5% from 6.1%, expecting stronger growth, lower inflation, and improved…

The Economic Times

Ukraine launches one of its biggest drone attacks on Russia and Crimea

The Russian Defense Ministry says it intercepted 660 Ukrainian drones overnight

The Independent UK

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Paris court rules TotalEnergies must account for indirect emissions and tighten climate policies

A partial victory, the ruling stopped short of making TotalEnergies directly liable for its customers’ actions.

Euronews

Hormuz oil shock echoes 1973 embargo lessons

The recent Strait of Hormuz closure, though brief, signals a potential turning point for global energy. Echoing the 1973 oil embargo, this crisis highlights the vulnerability of interconnected markets. Nations are now prioritising energy security over cost, accelerating investments in domestic renewables, nuclear and even coal, alongside efficiency measures.

The Economic Times

Ukraine-Russia war latest: Zelensky tells Putin to ‘take a step towards peace’ after ordering 40-day offensive

Zelensky ordered the 40-day offensive after consulting the head of the Ukrainian security service

The Independent UK

Oil down 2% amid resumption of Hormuz shipments even as vessel hit near Oman

Aramco resumes Ras Tanura oil ⁠loadings after ⁠four-month halt

Bangkok Post

Iran-US war latest: US military carries out strikes on Iran after ships struck by drones in Strait of Hormuz

Trump accuses Tehran of 'foolish violation' of ceasefire after ships struck by drones in Strait of Hormuz

The Independent UK

Saudi Aramco resumes oil loading at Ras Tanura after four-month halt, data shows

Saudi Aramco has restarted oil loading at its Ras Tanura terminal after a four-month pause, with two massive crude carriers seen taking on cargo. This resumption follows an interim deal between the US and Iran, which has eased tensions and allowed for increased output and exports from Middle Eastern producers.…

The Economic Times

Ukraine war briefing: Zelenskyy declares 40-day Russia blitz to ‘influence the aggressor state’

Ukrainian strikes continue to shut down Russian oil refineries and starve Crimea of gasoline and power; Belarus relay stations silenced. What we know on day 1,584

The Guardian - AU

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The Economic Times

Oil edges lower amid resumption of strait shipments even as vessel hit near Oman

Oil prices are poised for significant weekly declines as supply worries ease with tankers navigating the Strait of Hormuz. Despite a cargo vessel being struck near Oman, with Iran implicated, and earthquakes in Venezuela causing minor infrastructure damage, crude shipments through the vital waterway have increased. However, lingering geopolitical tensions…

The Economic Times

Global Market Today: Asian stocks decline led by tech, oil holds steady

Asian markets saw a dip, led by a pullback in heavyweight chip stocks after a strong rally. US futures remained steady following a volatile session on Wall Street, where tech giants like Apple experienced significant declines. Investors are closely watching the sustainability of high tech valuations amid concerns over AI…

Barchart

Cotton Posts Thursday Strength

Cotton futures posted gains of 21 to 71 points across most contrast on Thursday, with July up 131 points. Crude oil was back up $1.13 /bbl to $71.47. The US dollar index was back down $0.141 higher at $101.250. USDA’s Export Sales report from this morning showed 83,864 RB of...

Barchart

Soybeans Rally on Thursday, with Drier Start to July

Soybeans were up 16 1/2 to 22 cents across the board at Thursday’s close. The cmdtyView national average Cash Bean price was up 20 1/2 cents at $10.79 3/4. Soymeal futures were up $1.40 to $4.90 in the nearbys, with Soy Oil futures back up 129 to 169 points. Precip...

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Marie Claire

I Can’t Believe I Almost Missed Cyklar's Crazy Good Amazon Prime Day Sale

It's my must-have body care brand.

The Economic Times

Why are oil prices up today, and will Brent, US WTI crude futures continue to rise or fall again? Cargo ship attack near Oman lifts crude prices

Why are oil prices up today, and will Brent, US WTI crude futures continue to rise or fall again? Oil prices gained more than 2% after a cargo ship was struck near Oman, raising concerns over crude shipments through the Strait of Hormuz. Brent and US WTI crude futures moved…

Grocery Coupon Guide

7 Grocery Items Expected to See the Biggest Price Jump This Summer

Summer cookouts are a wonderful tradition, but stocking up on your favorite foods will be notably more expensive this year. Retail analysts predict that specific grocery categories will see significant price surges during the hotter months. Rising fuel costs for shipping and unpredictable global weather patterns are driving these sudden…

Barchart

Stocks Settle Mixed on Apple Weakness and Chipmaker Strength

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -0.01%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.75%. September E-mini S&P futures (ESU26 ) rose +0.01%, and September E-mini Nasdaq futures...

Fortune

Trump turns on Big Oil donors who spent nearly $100 million to get him elected—now he wants the DOJ to investigate them for price gouging

Crude prices are back to prewar levels. Gas prices aren’t. Now Trump is pointing fingers at his own biggest donors.

Fortune

U.S. companies swallowed the oil shock. They're not sure they can do it again

A Fed survey of 530 executives found inflation now tops concerns for 25% of firms—nearly triple last quarter's 9.5%—even as most have held the line on consumer prices.

Barchart

Crude Oil Prices Sharply Higher on Concerns of Reopening of Strait of Hormuz

August WTI crude oil (CLQ26 ) on Thursday closed up +1.58 (+2.25%), and August RBOB gasoline (RBQ26 ) closed up +0.1109 (+3.97%). Crude oil and gasoline prices erased early losses on Thursday and rallied sharply as short covering emerged on a report that an unknown projectile off the coast of...

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